Evening star., 1942-03-30
Union Bag Reports
Record Sales and
Growth in 1941
Stresses Importance
Of Poper in Vast
War Drive
BY the Associated Press.

BY the Associated Press.
NEW YORK, March 30-The i'm
portance of paper in the war effort
was emphasized today by the Union
Bag g. Paper Corp, which reported
record sales and growth for 1941.
Noting that the shortage of tin
and other metals had a marked eff
feet on the packaging of food prod
ucts, the company said it was doing
research In the hope that An "en-
tirely new type of paper may come
out of the laboratory"
Paper is being used, the company
said, for war purposes ranging from
crates for airplanes and paper bags
for the spare parts of planes to
waterproof containers for gun
powder.
The company said its net income
last year was S2,168,313, equal to
s170 share on 1,272,437 shares of
capital stock outstanding, compared
with 1910 net income of SABA 4,391.
Net sales last year totaled ST.
s71,007, against s22,081 y033 in 1910.
a 26 per cent gain. The company's
Federal income and excess profits
taxes in 1941, totaling s3.31369 in
creased 112 per cent over the 1910
tax total of 81, ,562 900.
w. r. Grant Co.
The w. T. Grant Co., department
store chain, reported net income for
the year ended January 81, 1912. Of
s4,446,3 1893, equal after preferred divi-
dend deductions to $3.44 a share OF
common stock, compared with the
previous years earnings of $3,542,-
211, or $268 common share.
The company's sales of $3.50, ,555.-
GOT represented 1853 per cent in
crease over the 1910 figures.
Ritter Co.
Ritter Co. Inc. known as Ritter
Dental Manufacturing Co., Inc,
prior to January l and domestic
subsidiaries for the year ended De-
cember 81, 1941, showed net profit
of s358, ,386.03 A preliminary report
showed this was equivalent to Sl.73
a share on $4,000 shares of COM
mon, exclusive of 1000 shares of
stock held in the company's treas
ury. outstanding at the end OF the
year.
This compared with profit of
$780, in 1910. or Al cents on COM
mon after all charges.
Wesson Oil & Snowdrift.
Wesson Oil & Snowdrift Co. re-
ported for six months ended Feb
ruary % net profit of s3l 070 ,262,
equal to SO cents a share on the
common stock, against s781, ,z59, or
80 cents a share, in the comparable
period year ago.
Inspiration Copper Co.
Inspiration Consolidated Copper
Co reported 1941 net profit of 81
265.924, after chrages but before de-
pletion, equal to $192 a capital
share, against s2,212,688, or s187
share, in 1910.
Continental Oil Co.
Continental Oil Co. and subsid-
taries reported for 1941 net income
of s15,398,08 equal to 1929 cap
ital share. This compared with S4.-
317.657, or 90 cents a share, in 1910.
Plymouth Oil Co.
Plymouth Oil Co. reported for
l941 net income of s1,546, 1894, equal
to SLAB a capital share, against
81, ,442,7 ,739, or $138 share in 1910.
Zenith Radio.
Zenith Radio Corp. and subsid-
iaries reported profit of s1,598, ,450
before Federal taxes in the nine
months ended January 81 Of the cur
rent fiscal year. This compared
with profit of $1,465,3 ,377 before Fed
eral taxes in the nine months ended
January 81, 194l.
Z. F. Mcdonald. jr., president,
said that after deducting estimated
Federal taxes net income for the
nine months this year would
amount to S1033,343, or s2.l0 a
share. Comparative figures for the
same period last year were not
available
Packard Motor Car.
Packard Motor Car Co.'S annual
report for the calendar year 1941
Will ollOW SolioohuopCO col lingo VI
s2061 ,32348 after all charges and
after a deduction of S2.100 900 as
reserve to take care of possible losses
due to car production curtailment.
Consolidated earnings in 1910
. were S774,14736.
Factory sales of cars. service
parts, marine engines and including
billings for aircraft engines under
cost plus fixed fee contracts totaled
sl00,8l7 403.O4 in 194l. For 1910 fac