Westvaco Corp.

Continued losses in Brazil and recessionary downward pressure on prices sent this New York-based papermaker's sales and earnings down in its fiscal second quarter, which ended April 30.

Westvaco President John A. Luke said that overcapacity has eroded paper prices.

Westvaco, which has a mill in Luke in Western Maryland, took a $24 million charge in its first quarter to enable the company to delay installation of a paper machine and make other expense cuts.

Three months ended 4/30/91

....Revenue.... .... .... Net.... ..... .... Share

'91....557,914,000.... .... 35,775,000.. .... 0.55

'90....583,972,000.... .... 45,970,000.. .... 0.71

% change.......-4.5.... .... ......-22.2.. .....-22.5

Six months ended 4/30/91

....Revenue.... .... .... Net.... .... .... Share

'91....1,131,257,000.. .... 52,349,000...... 0.80

'90....1,168,465,000.. .... 92,408,000...... 1.42

% change........ -3.2.. ..... .....-43.4.......-43.7