The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1900-08-21
THE NATIONAL TUBE

Il A. -
company management, IN { Whicn
Frank ]. Hearne Is Prominent,
Commended by New York Finan-
cial Journal.
n, San be said without fear OF contra.
dIctlon that none OF the great Indus.
trials organized during In. las, two
or three years Is making more sattfac-
tory progress. or has better prospect.
forithe future. than the National Tube
company. says the New York CONNER
cial and Financial World.
The annual meeting Of that company
is 10 be held on August 20. and the re-
mort for the first fiscal year OF the com
nnnny's existence is now being sent gu,
To the stockholders preparatory. thereto,
The figures embodied In this report
sbnw that even the most sanguInp anti.
citations OF the founders OF the COM
nanv are being mora than justified by
thu actual course Of events. FIJI ~ -:
II VIII be remembered that this com.
pany was organized in June, 1898, under
5the lnws of New Jersey, with a capltui
Of $50 900 900 in equal amounts OF pre.
ferred and common stock. the former
beinc entitled TOT per cent annual divi.
dcnds: cumulative. The holders Of com.
mon stoci. are entitled to all dividends
tbat may be declared out Of the surplus
not profits after the Z payment Of Thu.
dividends ON preferred.
rhe report lust issued shows that the
net profits Of the year. after drducttng
EXPENSES. deprecfatlon and reserves.
were s1s.S7S.364. which means that on
the Capitalization Of $4,000 600 the COM
pauy could nav 7 per cent an the cam
mon stock and still have a surplus
AS n matter OF fact there was dis
trlbuted during the year In dividends
ON the preferred stock a total Of 50 800
600 and on Nav Is n quarterly dividend
of IL per cent was decla red on the
common stock. The sum OF 81, 400 900.
equal to G per cent ON the common
stock was segregated fr,m HI, years
earnings as proyIsion for dis,ribntion
to the comon stock.
or the current earnings 90 eos 1,o was
appllad to the purchase NJ investment
bonds Of a mar value NJ 80 son ooD Tbesa
are first class bonds Welding an nm
nuol return Of ss7 25O.
A most gratifying fcatnre of the re-.
mort Is ,hs st,tempnt that thore, ,ra n,
outstanding bondsy nor mr., thrr, amy
mortgages or bond liens NJ any tIescr,n.
lions upop any OF tho nronert,cs !
Tho surn,us after .,Ivldpnds or both
nrefarred and com mon e,ocr-s, con Ooo
10 Inc former and % 4oo ooo 10 the latter
-is stated az no Inss than &c e7s az, J5.sl1
This t,nanc,a, sbowlnr ia ono tb,t =. .
aac,s bi,b cr.a,t r,onS pros,aon, + r,
jco,,.rSo ,,,d hi. ooi,,.o,a. ~, "a.
1oshvo 1,bod.s p,t,shurrh oh,;.,,n
az Tho hoard. ~ u,,rn. p,,4shrr.h
ers, Woo ,ra,,a.,,. Fr,n,,,
pn,,ode,,h,o th,-s r,,o ,.as,don,.
N,thsrson NV lyorr nan.r-,, n,,n.,
rcr. = I,ta ,,on, vi. .,u,,.,,,,,.
w II I,+sbow pi.,s,nrnh a.,
s,.,,nt ,ra,,,,ro, ~, II oah.,
Nav y,ru .ooro,,., -, :
nov, h,s,nos. 40, - ,,,,,.,,,
.no,rn th,n NJ c,,,,ar.a u. H. !.
,rre,aa :, ~ 80.
c,,n.,,, a,r.o,oa :, ~ ,...-.,
comn,py 80 amnr,o, d,-,at,. W.,
,,yton Trrst Comn,n. Nan,yo.,,. ar
r.,n,,r = ,hor,, N,,i,na, ~. - ~.
VT. n,,.,,.,. 80 ~. ~. -, 60,
,r;, .,, ,r., cnu,n,, D,-a.,s,.
,..r.,,. ~, 49,.
., ria hI,n,os poiin,a,,s C.,.,. =,
~. No,,h A,,asi., $500. ~.
wal, ,ra !, ,r.t, III.
co;rnor,,Io,. ,nd o..ar,...,sn.
In b,s rnn,r, - ,hn s,s,,ho,s,., IL
~, N,,,or,, rr,os C.,,,ra., !. -,
co,v,rso ,,t.s r.,,, han.S,,i 80 -.
:, v.rv c,ns,r,, .,,n ,,,a,r :, ~ s,,,,.
ia, H., -, ~. ~
,o,,s bo,o L,o, ~, !, 80, l., ~. 81.
tori ~ thu corpor,tt on,. ,,.hns, nra,,,.
tIrs have h.nn aco,,ir,a no,wI,bs,nMI
inr Tim r,c, ,h,, Tho .,r IL Son,h A.,
RIO, b,s cider, ~, ,c,rt,i,,,, ,..,,.
,m,or,,r, eold sn,c,,I ,t,on,,on.,s ~,
,nr ,iyen5 n ,ho ,nr,h.r ax,ana,aa :,
20 e'''gs' 49, 80. 'isto4' -
.he cothpanys foreign trade. New spec
lillIeS ule DSlllB ueESlOpeu Inu IleW OUT
lets are being found. with n view OF so
bro,deninr tho comnanv,s r,nr,,o+s 40