The sun. [volume] (New York [N.Y.]) 1833-1916, 1900-11-17
GENERAL ELECTRIC BOONs.
Good Times and Increased Use Of Electric city
Bring IL Fsormous Trade.

With evidences OF prosperity Astounding II II
only necessary to look with open eyes 70 see
striking instances at any hand. but perhaps
as signal an illustration OF the healthful con-
dition OF the country Is to be found In the re-
cent success Of the General Electric Company
a. anywhere else. A week ago to-day the
stock OF the General Electric Company sold
on the Stock Exchange at iS.. YESTERDAY
II touched 1850 and closed at les. a net gain OF
SO on the day. the opening having been at
1901.
No one has suggested that the rise Ia specu-
lative. for the condition Of the company as
shown by its reports indicates the contrary
A man in position TO know said yesterday
that the truth was the public had been paying
no attention to the company lately. and re-
membered only that IL was a few years age
engaged, with a deficit. and that the people
we're only just now discovering what q sue
Sessiui business II had been doing ana now
profitable II had become. There Is no large
amount Of stock In the company to be boueht.
Is SAID in Wall Street, the bulk OF the hold
i iwsnt oe'n nsr N the hand H. or w Son't Street o. pstt IyiaS
mas been upon small orders.
The attention the stock has been receiving
who have Net aWaken altp 4, tH the su pPPoilta ! 'c Course ree' Of
rs business during the last few years have been
Que TO the report Of It's condition made By the
the listing of $4,000 Of additional common
stock. The report to the Governors o fthe stock
hkchange shows on a seven months bass.
Cthe period covered by the reporth that the
,,nnlnpan has an earning calacity Of some
th.ng IKE 30 per cent. POI anuum. The re-,
hort Is Tor the period S~,ibseshu"nt 70 that covered
Feb l e. Aug. 81 Of the current year, The
October dividend OF the COMPANY wa NJ the
rate OF per cent. but rior to that the dividend
had been . ner cent. II appears that the Ires-
ept dividend might have been paid in any ! ear
OF the last five years. and that the COMPANY
u earnlng now about four times the present
The report for the seven months referred
70 SLOWS sales Of el4,sG8.3s+ royalties and
and, discounts al mo o'"siss ESQ 10. iss. and a
iiaaidaron account OF sisl sSs. or total earn;
dividends amounting to tJts.aso have been
"a ss, siat .ssS sipsad = = s1,T r. 4. OF s3.s maS Sss' ne LIZA
There was a previous surplus Of s2.S5S. o3i.
bringing up the total pront-and-loss surplus
TO s5.o24.7ao.. The sales Of the company last
Of sales for the seven months OF this year tho
total sales for the year will be something like
President Comm In his report for the last
fiscal year said Of the causes OF the growth in
the company,.s business. apart from the In
creased confidence In the securities OF electric
and the Sonsequent emplloyme Of new carital
IN those fields: The rapid adoption OF electricity
for Operating all kinds OF machinery. It's APP
pication In naval and marine service. and 10
chemical uses. and the Introduction OF electric
street vehicles. have resulted In. the design
and manufacture Of many new electrical ap-
pliances by the company"
he said. TOO. that the demand for the motors.
lamps and general supplies that have long
been standard manufactures OF the company
had been maintained. The same causes have
led TO the continued prosperity OF the COM
pany.. the general growth of the demand for
electrical power and light By individuals and
corporations all over the country. The COM
pany conducts its business on a plan which
makes 20 per cent. OF L, cash within sixty days.
In the accounts OF the company the plants are
carried practically at the amount expended
upon them III the last four years, the rest (origi-
pal cost. previous improvements. dcl. having
been CHARGED oi 20 profit and loss. The book
value OF the plants on Jan. /, 1893. was 81. a5s.-
52s From. 1898. 10 1899 inclusive. there was
expended for Gdiitions, &c, sI.560 SCR. and 30
much was charged on 10 allow for depreciation
OF the plants that they stood On the accounts
Ian. 81. 1900. a. valued only at 50. 4Oo.U go. II
tlis were charged asains: the present surplus
OF the company there would etlll bo left a
surplus Of 81 ga. $50 and tho company would
have It's plants a. free Of cost, The Increase
OF stock lately voted is To take up about 500, 400
Of dehenture bonds which We're issued eN-
chanreabls at stated forms for stock OF the
company.