Evening star., 1942-07-24
Baldwin Locomotive,
Gillette, Other Firms
Show Earning Gains
Engine Works Net Profit
Is 4,463,145 for Yeor
After $9,037 $50 Taxes
p the Associated Press.

ana SUBSIDIARIES TepOTLeQ con
solidated net profit of $4,463l Jas ID
for the IL months ended June 30
after provision of $9,037 $50 for taxes
on income and 100000 for reserve
contingencies.
For the II months ended June 20
l94l, the companies reported net
profits of 81 1893 1882 after provision
of 1894 .043 for income taxes.
The figures include dividends from
the Midvale Co., of whose capital
stock Baldwin owns about 81 per
cent. Midvale reported net profit
of s2,924,95l, after all charges and
tax provisions. compared to income
for the preceding IL months of So
723,807.
Gotham Silk Hosiery Co. reported
for the first half of 1912 net income
of $246,897, equal to 43 cents a
common share, against net income
of $50 ,208, in the first half of 194l.
International Salt Co. reported for
six months ended June 30 net in
come of $245, ,202, equal to $l02 a
capital share. compared with $407,-
s3l, or SLOT share, in that period
of l94l.
National Distillers Products Corp.
reported for six months to June 80
net income of $2,476,215, equal to
$l.21 a common share, against 81
070,963, or $l.0l share, a year ago.
National Gypsum Co. reported for
the quarter ended June 80 net in
come of 1927 SOL, equal to II cents a
common share, against $423, 1872, or
26 cents share, in the like 194l
quarter.
The Continental Can Co., Inc, and
subsidiaries showed net earnings for
the year ended June 30 of $6,7l9, 800
after $8,172,1l9 was deducted for de-
probation and estimated income and
excess profits taxes, equal to $2.35
o share on the outstanding common
stock. For the preceding 12-month
period the company reported a net
of $8,670, ,908, equal after dividend
requirements on preferred stock then
outstanding to $3.50 common share.
Deduction for depreciation, deple-
ton and Federal taxes was So, ,326, ,l8O
in that period.
The Lambert Co. reported esti-
mated consolidated net profit for
the second quarter of 1912 of $751;
223, equal to IS cents capital share,
compared with revised estimated
consolidated net profit of s179634
or "a cents share for the like
quarter of 194l.
The Lone Star Cement Corp. re-
ported for the six months ended
June 80 net profit OF 1881 sol, or
$1.46 a share, compared with 81 1884, :
012., or $2O4 a share in the like 194l
period. Provision for Federal income
and excess profits taxes of $2,430, 900
compared with $1,123, ,3O6 for the
first half of 1941. Sales were $l6,-
050,1l5 in the 1912 first half against
Sl3,6SS ,088 in the comparable 194l
period.
National Cash Register Co. and
subsidiaries for the six months
ended June 80 reported net profit o1
$3.50, ,736 after provision of $6,908,
384 for income and excess profit.
taxes, or 96 cents a share. Thi;
compared with $1,324 ,691 after pro.
vision of $500 1863 for income taxes
or 81 cents a share in the like 194l
period.
Sales and profits of certain over.
seas subsidiaries were excluded from
the consolidated statement because
of lack of current information, ths
company said.
The Pittsburgh Coal Co. reported
net profit of $640,817 on sales o.
$4,000 900 for the quarter endee
June 80, 1912, equivalent to S1.83 ,
share on $40 shares of per cen
preferred stock.
This compared with profit o
$ll,544 or cents share on tn
preferred in the second quarter O
l94l. during which operations wer
suspended for a month during wag
negotiations. The company places
the loss from the shutdown a
$500 900.
The report disclosed taxes for tn
first six months OF 1912 were figures
at 1910, $50, compared with $225,85
In the same period Of 194l.
The United States Playing Car
Co. reports Let income for the frs
half OF 1912 at 1882 ,535, equal to 8
cents a share of capital stock.
the first half of l941 net earning
were $548,7s8, equal to AZ shar'
Directors declared the quarterl
dividend o. so cents a share. pay
able October to stock of recor
September IL.
General Tire e. Rubber Co. re
ported for six months ended May 8
net income of S642,210, equal to 81 @
a capital share, against $l,004 A.
or SLIT share, In the comparabl
period of l94l
Eagle Picher Lead Co. reporte
net profit of $923,l70 or sl.Ol pe
common share for the six month
ended May 81, against s960992 {
$l05 for the six months ended Jur
80. l94l. Change in fiscal year We
recently voted by stockholders.
Industrial Rayon Corp. announce
$771 .499 net profit for the first s.
months after allowing s2,985 ,758 ft
taxes, against $l.533,053 profit tt
same period of l94l after estimate
taxes of 81, ,220,2 200. The concern h,
plants here and at Painesville, Obi
and Covington, Va.
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