Evening star., 1942-08-06
Radio Corp. Reports
Net Cut Sharply in
Second Quarter
S993,l33 Profit Contrasts
With S2,17S,921 for
Period Yeor Ago
Bv the Associated Press.

NEW YORK, Aug 6-Radio Corp.
of America reported its consolidated
net income for the second quarter
of this year was so93,l33 compared
with $2,l78,921 earned in the cor
responding period year ago. In
come for the recent period equaled
IA cents a common share against
90 cents share in the 194l quarter.
The big radio concern and its sub
salaries reported net profit for the
first six months of 1912 was s3024,-
121, equal after preferred dividend
requirements to 10 cents common
share, compared with adjusted net
for the 194l first half of 81, 4,101 ,096
or l8 cents a common share. Gross
income for the first half of 1912 was
S90,095 ,593, an increase of 81 per
cent over 194l's first half.
Columbia Broadcasting.
Columbia Broadcasting System,
Inc, and subsidiaries reported
profit of s1,647,738 for the 26 weeks
ended July 4, equal to 96 cents a
share, against $2,435,1 1877 or $l.42 a
share in the 26 weeks ended June
%, 1941.
Tide Water Associated.
Tide Water Associated Oil Co,
showed net income for the first half
of 1912 of s5,O37 ,098, equal after
preferred dividend requirements to
81 cents common share, compared
with $6,247,247, or 80 cents share
in the first half of 1941.
American Water Works.
American Water Works & Electric
Co., Inc, reported its consolidated
net income for the IL months ended
June 80 was $2,838,785, equal after
preferred dividend requirements to
10 cents a common share, compared
with $3,756837, or $109 a common
share in the preceding IL months.
For the six months ended June 80
the company showed a net income
of S912, ,444, equal after preferred
dividend requirements to 13 cents
common share, against 1880, 1866
or S. cents a share in the compar-
able 1941 period.
Proctor g. Gamble.
Proctor & Gamble Co. for the
year ended June 80 reported net
profit of $21 ,469,214 after provision
of $14,559 ,948 for taxes, or 1925 q
common share, compared with $27, :
582 ,08l, or $421 a common share, In
the preceding year.
Timken Roller Bearing.
Timken Roller Bearing Co. re-
ported net profit of $2,779 ,504, after
estimated Federal taxes, or $1.15 a
share in the six months ended June
30, compared with $4,653, ,635, or 81 81
a share, In the like 1941 period.
American Viscose.
! American Viscose Corp. reported
it's net earnings for the first half ol
1912 were $2,422,8 Dos, equal after pre-.
ferred dividend requirements tt
s105 a common share, against $3,'
375,201, or $1,6O a common share
earned in the comparable period O.
1941.
Flintkote Co.
Flintkote Co. and subsidiaries
makers of building materials, re-
ported net income for the % weeks
ended July 18 was $691 ,33l, equal
after preferred dividend require
ments to 80 cents on each of 713, Toe
common shares, compared with ST.
016, ,264 or $1.45 each on 686, 1876 COM
mon shares in the corresponding
period of 1941.
Bixelow Sanford.
Bigelow Sanford Carpet Co. re-
| ported for six months to July net
profit of $903, $50, equal to $262 g
share on the common stock COM
pared with $1,084,570, or $500 q
share, in the comparable period O.
1941.
Abbott Laboratories.
Abbott Laboratories, manufac.
turer of pharmaceutical prepara.
tions, reported net income of $685.
406 or SLOT common share for the
six months ended June 30, against
revised net income of $986,181 OF
$1.27 common share in the same
1941 months.
Purity Bakeries.
Purity Bakeries Corp. reported net
income of $352,813 or 46 cents 9
common share for the IL weeks
ended July II against net income OF
$282 1888 or 81 cents common share
for the corresponding weeks of 1941