Evening star., 1942-05-01
Pepsi-Co|a Earnings
Ahead Of Year AGO,
Mack Estimates
First Quarters Net
Placed at S2,70l 900
Before Taxes
By the Associated Press.

I'VE" o1N1A way - w d1bCI ~.
Mack. jr, president of the Pepsi
Germs consolidated net earnings for
the first quarter of the year, before
Federal and Canadian taxes, were
81, ,701 900. compared with S2,027. 900
in the like period of 194l.
Mack said that after taxes at the
194l rate, the net for the March
quarter figured at sl,260,000, and
that no attempt had been made to
estimate taxes under proposals now
pending.
The company president said that
rationing had slowed down the COM
pany's normal sales increase. but
pointed out that in Great Britain,
despite the greater shortage of
many essential materials" sales DUR
ing the past year were up so per
cent.
North American Co.
North American Co. reported for
the first three months of 1912 earn
ings applicable to the common stock
of $4,461, 1896. equal to So cents a
share, against 50 ,267 1888. or 80 cents,
in the first quarter of July.
Paramount Pictures.
Paramount Pictures, Inc, reported
for the year ended January con-
solidated net income, including its
share of undistributed profits of
partly-owned companies. amounted
to $10,251 ,242, equal to $3.41 share
on the common stock, compared
with $7,633,130, or S264 a common
share, in the previous year.
Colorado Fuel & Iron.
Colorado Fuel e. Iron Corp. re-
ported for the March quarter net
profit Of $823,273, equal to $146 a
share on the capital stock, compared
with $1,141, ,756, or $2o2 a share, in
the first quarter of 1941.
Allis- Chalmers.
The Allis- Chalmers Manufactur-
ing Co. reported a net income OF
81 POI ,096.55 for the first quarter of
1912.
This is equivalent to 67.5 cents a
share on 1.776,0o2 no par shares of
common stock.
Net income reported for the fourth
quarter Of 1941 was $1,572, ,774.04, or
88.5 cents a share.
The company stated untitled or
ders on March 81, 1912, amounted
to $126, 6,525, ,056.77.
RlisS A. Laurhlin
Bliss & Laughlin, Inc, reported
first-quarter profit of $l44,174, equal
after preferred dividends to So cents
a share, compared with $207,610, or
II cents, the first quarter of 1941
Federal income and excess profits
taxes were estimated at 80 per cent
OF earnings before taxes
The company makes line of cold
finished bar steel products and has
plants at Harvey, H., and Buff alo,
N. Y.
youngstown Sheet.
Gross business increased. but
higher taxes and other costs cut
youngstown Sheet Il Tube Co. s first
quarter net profit to $2,576,579 equal
after preferred dividends to $1.41
a common share, the company's con-
solidated income account showed.
This compares with net of 81
576.197, equal to $2.61 a share in the
1941 first quarter and with 1886
020, equal to $3.65 in the 1897 first
quarter, when business volume was
at much lower level
Profits from operations after de-
Quoting charges for maintenance
and repairs of plants. miscellaneous
taxes and other operating expenses
were S13,347.076 for the three
months. against s9,6l3,30o a year
ago.
Federal income taxes and excess
profits taxes accounted for more
than half OF the gross profit, $7,700,-
900 being provided for that purpose
This included 81 1920 500 provided fol
nominal income and surtax and S.
379, 500 for excess profits taxes. Ir
last years first quarter. $2,305 ,20t
was provided for these tax items.
Nehi Corp.
Nehi Corp. manufacturer ol
flavors and sirups for bottling pur-
poses, reported first quarterly earn
ings OF $l27961, after provision foi
income and excess profits taxes
equal. after preferred dividend re-
quirements. to II cents a common
share. This compared with net in
come of $19l ,339, or II cents q com
mon share. in the like period ended
March 81, l94l.