The evening star and Newark advertiser. [volume] (Newark, N.J.) 1907-1908, 1907-10-24

: per cent. cumulative preferred. while the
remainder is 'sassenting'' stock. The par
value of this stock is $50. The preferred
stock, with priority over the assets, Is en-
titled to Z per cent. per annum cumulative
dividend, and is also entitled to a snare Oh
the dividends on the asserting stock when
the rate of the latter exceeds z per cent.
The stock is listed both on the New YORK
and Boston Stock Exchanges.
The gross earnings of the company Tor
the eleven months ended February last
totaIed $50, Co., 900 In round numbers with a
total net income of S., 753,5Ss. Its net sur
plus for the eleven months reacheo
81, 292, 504.
IA an Indication that the financial situa-
ton is responsible for involving the con-
Germ. NAV he taken the value Of unified
orders on hand during March Of the pres
ent year. They reached a total or over
$4,000 600. while the assets of the company
at that time were $50. 06i 1895.
George Westinghouse is president OF the
company, and the directors are named an
A. N. Brady, G. W. Hebard, T.. M Herr'
Brayton Ives and II. H. Westinghouse
New York; George c.. Smith, pittsburgh; r
n. Taylor, New York; George Westns-
house. It. w. Siemon and w. D.. upoe-
rrsY pittshure and N. w. Bumstead, OF
Boston. The main office of the company 10
in Pittsburg.
The Westinghouse Machine Company
-as ;ncornorated in 1881 in Pennsylvania
for the manufac of steam engines
mechanical stokers. gas engines. turpn'eS'
etc. 1t has Il large plant at Plttspurg, q
foundry Mt Trafford City, Pa. and a piana
used exclusively for the Manufacture :"
mechanical stokcrs at Attica. N. T.
liz capitaI stock is s1O.Oo0,0OO. with q
mar value CT $50. and is listed on the PITTS
burg Stock Exchange. Up 10 Octopsi,
1902 II maid dividends of 6 per cent per
annum. hut since April of the present
year 10 per cent. has been paid.
AS with the Westinghouse Electric anu
Manufacturing Company, George Wesens-
house heads the machine company. Inc
d,roctors including Mr.. Westinghouse
are p. &. Keller, Walter C. Kerr Eeosse
q smith and II. Fl. Westinghouse ~
nr;ncinaI office of the company Is at Gaa'
Pittsburg. +a,or
nh Nernst Lamp Company was taken
az nv the WESTINGHOUSE Machine Com-
INV at n stockholders meeting OF Tue
latter In May, 1906, for a sum not 49,
ING 8 1000. 900. The lamp, a ne" ior" -
electric lighting, has only been on
market a few years. and Is nov ts,ed
pushed through agencies
throughout the country.
since early last sptine the WestlnsI".
.r,ao+ric and Manufacturing Company mas
had SOME difficulty in securing aueq"u'e
f,,nds. though 1t was only recently tna' lns
situation became serious. An attempt W.
made to float a new stock issue or So'VV'uCo
AT that time n a rate which the hirec,,ls
held the stock to be worth and not on tne
bnsjs of the quotatiol, in the STOCK niu'Ne''
but when the time for Subscription "
pired. OH June 3 last, searceiy d .nnu "
tbe issue had been sold. II wss planned
~ mise from this issue several millions To
Improve the Pittsburg plant, but from tne
partial failure of the sale it was seen that
not more than $4,000, 900 of the $I,ooo'oeo
counted on would be obtained.