Evening star., 1942-08-12
Standard Of Indiana
And Chrys|er Report
Net Profit Drops
Auto Firms Dividend
Cut to 75c;; Other
Statements Listed
BS the Associated Press.

Bs the Associated Press.
CHICAGO. Aug, 12.-Standard Oil
Co. of Indiana announced today
consolidated net earnings for the
first six months of 1912 totaled s19,-
390,526, equivalent to s1.27 a share
on 15,284.9l5 shares outstanding as
of June 80.
This compared with s2l, 1853, ,l34,
equivalent to SLAB share on 15.-
271. 1882 shares for the same period
of 1941.
The net earnings are for the
parent company and all subsidiaries
after depreciation and depletion and
after providing $15,516,358 for Fed
eral income and excess profits taxes
at rates proposed in the 1912 revenue
act Passed by the House.
Chrysler Corp.
It's sales halved by stoppage OF
civilian automobile production and
conversion to war, the Chrysler
Corp. declared a dividend yesterday
of IS cents a common share, COM
pared with 81 paid in June and
March of this year and $3.50 in
September, 1941.
It was made payable September
IA to holders of record August %.
Net profit for the six months
ended June 30, including wholely
owned United States subsidiaries,
was $8770,005, equal to $202 a
common share, compared to $40
974843. or 1892 a share, in the first
half of 1941.
Sales in the first half of this year
were $3.50, $50 ,080, against $507, $685.
1876 in the first half of last year.
While gross income was calcu-
lated at 31,o19,468, against $685.
320,782 in the 1941 period, expenses
also were down sharply at $12,899,-
469, against $26,845 ,939. The pro-
vision for State and Federal in
come and excess profits taxes, re-
fecting the lower income, dropped
to $9,35O.0O0 for the 1942 first half
from $l3,5000O0 in the first half of
194l.
SdIcWdy oLOTcS, AuC.
SafeWay Stores, Inc, reported for
six months to June 80 net profit
of $2,169,6l3, equal to $193 share
on the common stock, compared to
s2,752 ,096, or $284 share, in the
first half of 1941.
Cushman's Sons, Inc.
Cushman's Sons. Inc. reported
net income of S211,567.28. after all
charges, for the 28-week period
ended July II, 1912, compared to
$110,972.19 for the corresponding
period a year ago.
International Paper.
International Paper Co. reported
for the June quarter consolidated
net profit of $2,17O,O87 after charges
and provision of 1882 SOB for Fed
eral taxes. This was equal to Sc
cents share on the common stock
and compared with s3,214 688 after
tax bill of $5,297,847 or $113 8
share, in the second quarter of 1941
Great Northern Paper.
Great Northern Paper Co. re.
ported for six months ended June 81
net profit of $848,214, equal to 81
cents share on the capital stock
compared with $1,288. .485, or $1.29 g
share, in the first half of 194l.
Follansbee Steel.
Follansbee Steel Corp. reported
net profit in the first six month.
amounted to 1902, ,967. equal to 81
cents common share, against
s136 ,295, OF 80 cents a share. in the
like months a year ago.
National Container Corp.
National Container Corp. re.
ported for the first six months ne
profit of $418,059, equal to $126 {
share on the capital stock, com
pared with $455,549. or $1.37 a share
in the like period of 194l. The com
pany reported it had on hant
slightly more than $l,000,000 of ia,
savings notes to meet future income
and excess profits taxes.