New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-10-20
Relevant
Information

United States Industrial Alcohol
Shares of this concern, in which there
has been revival of pool activity, re-
acted sharply yesterday, dropping to
1876 after selling as high as 14lla. No
dividends have been paid on the Sl2,-
100000 common since organization, ten
years ago. Yet in July last Julius
Kessler, chairman of the board, in an
official statement said that 1--WE have
no hesitancy in stating that net earn
ings of our company for the six months
ended July 1, 1916, were well over
S2,00O,000" He also said that on that date
the undivided surplus of the company
amounted to s7,626,769. The company
has been selling large quantities Of
denatured alcohol to the Allies at high
prices, and unofficially it has been re-
ported that earnings for the full twelve
months of the current year would ex-
coed 100000, which would be equal 10
more than 10 per cent on the common.
In 1915 3S per cent was earned on the
common, with nothing paid. On the
100000 cumulative per cent pre-
ferred outstanding the full dividends
have been paid since 1907. An analysis
of the company's earning power in the
| 19l0-r5 period discloses average annual
net of S1011 ,O35, equal to 1886 per cent
on the preferred and 4.93 per cent on
the common after allowing for per
cent on the preferred.
General EIectric.-Rising to 1856, Gen
eral Electric came within fraction of
equalling it's high record, 1864, made
last month. This has been a regular 8
per cent dividend payer since 1901. Over
a period Of ten years it has shown
average annual earnings Of s9,S49,6O8,
equal to 1903 per cent on S75,323, 524,
the average capital outstanding on
which dividends were paid during the
decade. Total capital stock now out
standing is SOL ,511, 200. Last year the
company earned 1857 per cent on this
amount and showed surplus of
S3,607,991. The value of orders re-
ceived by the company for electrical
apparatus and devices in 1915 was $685.
3S5,S91, or II per cent more than in
/ 1914. These figures were exclusive of
orders for special war munitions. War
\ hue tnI I
| 500, 100000, and the company announced
that the percentage of profit from these
orders would probably be less than that
of the average of the company's output.
Total funded debt of General Electric is
| $l2,04S,OO0.
United States Rubber.-One of the
| prominent minor industrials was
United States Rubber common, which
/ sold to 62i2 and back to COZ, with a
net fractional gain on the day. Since
/ April, 1915, nothing has been paid on
| this class of stock, of which $4,000, 900
/ is outstanding. On the $50 100 of
per cent non-cumuative preferred the
full dividend has been maintained
since 1905. There is s55s,4OO of per
cent non-cumulative second preferred
which is to be retired. Net profits last
year were equal to 1928 per cent on
the common, against 8 per cent the pre-
vious year. A month or so ago it was
intimated that dividends on the COM
mon would not be resumed until after
the funding of the company's 8 per
cent bonds and other short-term obli-
cations had been accomplished in 1918
The company has in Sumatra what is
said to be the largest single rubber
plantation in the world, covering 10000
acres, representing an investment OF
100000.