Evening star. [volume] (Washington, D.C.) 1854-1972, 1943-03-09

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b he Associated Press.
NEW YORK. March 9-ParamOunt
Pictures, Inc, estimated today its
earnings for the wear ended January
. were SI4525 900. including $1,000
900 as the cOmpanv's interest in
undistributed earnings Of non-con-
s0Ldatcd subsidiaries and $450O0O
III homecoming income.
For the preceding year the COM
panT earned S1O251242. including
$l,045,O 900 in similar Undistributed
earnings of subsidiaries.
The company estimated that. after
provision for preferred stock div
ldendS, the 1912 earnings eaUaIed
$4.70 a common share, against S341
share in the preceding year.
Directors authorized redemption
on May 10 Of all outstanding first
preferred stock and scrip at $l0067
share.
The company had called for re-
demption April l of 59.282 frs
preferred shares. and said 51IT
and a fraction shares would be
covered by the new authorization.
Union Tank Car.
Every available tank car owned by
the Union Tank Car Co. has been
reconditi0ned and put into service.
the company said in reporting on
operations for 1912 and its part in
helping to relieve the Easts oil
shortage.
The accomplishments Of the rail-
roads in the task of moving pc
troleum to the Eastern areas are
and will be matter of Creditable
history L. J. Drake, president. said
The large increase in oil move
ment helped boost Union Tank Cars
gross income more than 100 per cent
over 194l, to S26,750453 from Sill
956.285.
Net income for 1912 was 2.701 ,286.
equal to S2,51 a share. against 81
1896, or $203 a share in 1871. The
1912 figure was after provision of
Sl.2l9,906 for postwar contingencies,
or 10 per cent Of excess profits taxes.
General Foods Corp.
General Foods Corp. net profits
for 1912 were $13,135l034, equal to
$3.50 a share. compared with $13-
478,400, or S2.56 a share, in l94l.
Colby NJ. Chester, chairman of the
board, reported that sales in 1912
were S231,506,460, compared with
$l80,358,9 SOB in 1941.
The report said that General
Foods inventories-valued at cost or |
market, whichever was lower-at
the end Of 1912 stood at $43.40722O. |
compared with S57,23O,625 in 1941, |
whereas prior to the outbreak Of the |
war in Europe in 1889, they were
valued at S29,865 216.
Standard of Ohio.
Standard Oil Co. Of Ohio reported /
for 1912 net profit of S5,649 $50 |
equal to s6,68 a share on the COM /
mon stock, compared with S6,249,- |
443, or STAT share. in 1941.
Rustless Iron & Steel.
RustlesS Iron & Steel Co. reported |
net income in 1912 of $2,644.557, |
equal to S276 a share on the com |
mon. against 1941 net CT S2334.627, |
or S2,42 share.
Piper Aircraft.
Piper Aircraft Corp. reported net |
profit for the year ended September |
30, 1912. was Sis 1865 or IS cents a
share. after provision Of S185 900 for !
contingencies. against $21O.883. or
81 A a share in the preceding year. !
Lambert Co.
Lambert Co. showed a net profit !
in 1912, after taxes and provision of |
$500, 900 for contingencies, of $685. |
OBS, or S2O6 share, against |
$l,350,410, Or $18l share in 194l, |
when 100000 was set aside for
contingencies.
WalwOrth Co.
WalWOrth Co., makers of valves
and fittings, reported consolidated
net earnings Of S2,063 1889. equal to
Sl,49 a common share, against
81 DOB 1877, or S145 a common share
in l94I.
Beech-Nut Packing.
BeeCh-Nut Packing co. and sub
sidlary reported net profit of ST.
ga $50, or S602 a common share. in
1912, compared with S2.709 900, or
$6l9 a share, in l941.
HoudaiIle- Hershey.
Observation-Disclosures Corp. and sub
salaries reported net profit Of ST.
647354, equal after preferred divi-
dend requirements to S1.55 a share
on class B" stock, against s2420,-
III, or 1888 d share on that class
stock, in the preceding year.