United Brands reported a 75% surge in...

United Brands reported a 75% surge in net income for the second quarter ended June 30. In commenting on results for the second quarter and the six months, the company noted that income from banana operations improved significantly over the same periods last year, as the favorable effect of a significantly weaker dollar outweighed the effect of lower sales volume and lower selling prices overseas. Earnings in the current quarter at the company’s meat-processing subsidiary improved over the same quarter last year due to higher sales volume and improved margins in its fresh pork and processed meat operations.