Evening star., 1942-02-13
United Corp. Reports
S6,811,213 Profit,
Or STA a Share
Result Compares With
$9,557,l42 Eorned
In Preceding Yeor
Rx the Associated Press.

BY the Associated Press.
NEW YORK, Feb. 13.-The United
Corp. reported for 1941 net income
Of $6,811 ,213, equal to $2.74 share
on the 50 cumulative preference
stock, compared with s9,557,l42, or
1894 q share on the preference and
IA cents on common, in 1910. Ar
rears on the preference shares
totaled $7,466,l36, or So q share, at
the end Of 1941.
The company is registered hold
ing company. but plans are pending
before the Securities and Exchange
Commission to change its status.
Holdings of the company are con-
centrated in large Eastern utility
systems.
st. Paul Railroad.
Chicago, Milwaukee, st. Paul &
Pacific Railroad reported net income
Of s5,531 1874 for the II months ended
December 81, 1941, against a net
loss of s8,S26,522 in the preceding II
months.
Lone Star Gas.
The Lone Star Gas Corp. reported
net income for the year ending De-
cember 81, after deduction Of Federal
income and other taxes, was $780,
e77, equal to 81 05 share on Ssh
347 shares OF common stock.
The 1910 income was $6,453,73l,
equal to SLIT a share.
il. Case Co.
Net income Of J. l. Case Co, farm
equipment manufacturer, amounted
to s4,263 ,233 in the fiscal year ended
Ocotber 81, l94l, the company re-
ported. In the preceding fiscal year
Case had a net income Of $l.378, ,126.
Leon r. Clausen, president, said
the company's production OF farm
equipment this year will be con
siderably smaller" than in l941 be-
cause OF Government limitation
upon materials available for the in
duStry.
Columbia Br0adcaSting.
The Columbia Broadcasting Sys-
tenn, Inc, estimated consolidated net
earnings for the fiscal year ended
January were $4,000 900. equal to
$3.50 a share. as compared with
SIS. 5.006 800, or s291 a share for the
fiscal year ended December %, 1910.
The earnings we're estimated for the
combined class "A" and class b
stock.
Allegheny -Ludlum.
Allegheny-Ludlum Steel Corp. re-
ported in a preliminary statement
its 1941 net profit was s5,062, ,709, or
1886 a common share.
The profits were after provisions
Of So, 100 900 for Federal income and
excess profits taxes. They compared
with net profit in the preceding
year of S3,722,107 or s2.78 a common
share. In 1910 taxes were s2.633,15
Pittsburgh Coal.
The Pittsburgh Coal Co.. the Ma
tons largest commercial producer.
reported net profits in excess of s2,-
900, 900 for 1941-almost double the
profit of 1910 but a company
spokesman warned stockholders mot
to expect a return to the trenen-
dous profits of 1917-l8."
The preliminary report, signed
by Augustus K. Oliver, chairman
of the board. showed net profit
of s2,435 ,62697 for 194l as compared
with a net profit of 81 ,255 1882 for
1910. These two Years were the
only instances in 20 years except
for 1884 in which the company re-
ported profits.
U. S. Gypsum Co.
United States Gypsum Co., manu-
facturer Of building materials, re-
ported net income Of s7,033 629, or
S5.42 a common share for the year
ended December 81, 1941. against
net income Of $7052,974. or s5.44 a
common share in the preceding
year.
Sewell L. Avery, chairman. told
stockholders that a strike which
closed a number of the company's
plants for about 10 weeks during
the summer was estimated to have
cost the company in excess OF $780,
900 in net profits.