Show Atlas Corp Earnings Hit Nit for Quarter Oakland Calif Call Nov 19 Atlas Corporation earned ear d net Income of on sales sates I aggregating during during dur dur- ing the first quarter of the curr current nt fiscal year ended September September Sep t 30 David A. A Stretch president informed stockholders stock stock- stockholders holders at their annual meet Ing here hen today This comp compares with a net of and sales Volume of a Y year ar ago when the former Investment concern made Its first quarterly report as an operating company Net income for the quarter from Atlas divisions and subsidiaries sub before deducting non cash charges for tor depletion depreciation depreciation de de- and amortization was compared with the year previous Stretch stated Including 5 received from Hughes Tool Company In payment of 01 ofa a promissory note not Atlas ie reduced re indebtedness by approximately approximately approximately during the four months ended October October Octo Octo- ber 31 he said ald Bank obliga obligations Lions total The board of ot directors declared declared declared de de- a dividend of 25 cents on outstanding g shares of ot preferred preferred preferred pre pre- stock payable December December Decem Decem- ber 16 1963 to holders of record record record re re- cord at the close of l business on December 2 Stretch announced that the former Atlas subsidiary International International International In In- Aircraft S Services had been merged into the corporation corporation corporation cor cor- a as an operating dIvisIon di division division dI- dI vision and has been renamed 1 International Atlas Services Douglass F. F Johnson president president president dent of the division has been elected a vice president of ot Atlas Atlas Atlas At At- las Corporation The new International Atlas Atlas Atlas At At- las Services division was host at today's meeting of Atlas stockholders the first held In the west The division has its I headquarters at Oakland International In th t Airport and is engaged engaged en en- primarily In the maintenance main maintenance and overhaul of military milt mill tary and commercial aircraft raft |