New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1916-12-15
Relevant
Information

Gulf States steel.-These shares wsre Is
pecially hard hit in yesterdays stock market
break. The common dropped g points 20
129 on dealings Of I 500 shares. On one trans
action Of 100 shares the second preferred
broke 50 points to 40. After the close Of
the market the following item Of publicity
was sent around 10 the newspaper othcssi
Gulf States Steel Company reports No
vember net operating income Of S3O4,feO,
an increase of S22l,600 over November,
1915, and sS1 $50, compared with the
average for the ten preceding months Of
this year. After allowing for depreciation.
taxes and reserves net income for No
vcmber was S2Sl.7SS and for the eleven
months OF this year S2,226,gS2, against
S553,950 for the corresponding period in
1915. In order 30 supplement Ice existing
pig iron output, the company has recent
~ leased an additional blast furnace at
Alfalfa. Ala, close 20 its main blast fur
mace which after thorough repairs will 80
into blast about March ]. when the new
by-product coke ovens will be in operation.
The product Of the company Is sold TO
June 90, 1917.
Republic Iron and Steel.-The de-
cline in Republic Iron and Steel COM
mon carried the stock from a high Of
s4's to q low Of 775s. It closed at 70,
a net loss of 5l4 points. The stock
sold as high as % last month.
The company has S2I191,00O OF
common outstanding and S25OOO,-
600 Of per cent cumulative
preferred. Last month the remainder
Of the accumulated dividends on the
preferred issue was paid by the decla-
ration Of 4 per cent. This places the
common in line for dividends. The
company's income account for the six
months ended June 80 showed net
earnings of S6,823,026, against $780,
600 in 1915. On the basis Of these
figures the company earned 1898 per
cent on its common stock in the ak
months period as compared with 81
per cent the preceding year, or at the
annual rate of 1898 per cent
Baldwin Locomotive,-on dealings
Of $4,000 shares Baldwin Locomotive
lost So points yesterday. It was one
Of the weakest OF the "war
stocks Since the war began tho com
pany Is reported 70 have taken on
munition contracts to the extent OF
500. 900. In September it was an
nounced thak the S40,00O,00O shrapnel
contracts made b. the Eddystone Mu-
nitions Company with the Russian
government and guaranteed by the
British government had been taken
oyer. The Eddystone concern, which
was organized for the purpose OF
handling war business, found ~
impossible 70 carry out the terms OF
these contracts. The BALDWIN com
pany took over the contracts on
cost percentage basis. Baldwin's earn
ings last year amounted 20 ia per
cent on the S20,000,OO0 common,
against nothing in 1914 and 1903 per
cent in 1913. Dividends are being
maintained at the full rate on the
S2O.00O,O00 per cent cumulative pre-
ferred. The last payment on the
common was ! per cent last snuary
President Alba Johnson Of the Bald
win company was quoted in Wall
Street yesterday as follows:
The locomotive business shows decided
Improvement There has been strong buying
b. American railroads since November l.
and orders have been received in consider
able amounts IN November ana Deceniber'
both American and foreign. The Baldwin
Locomotive Works now has enough loco
motive orders % keep IL busy for the FIRST
hall OF 1917. The number OF employees al
present "a the greatest in the history Of the
works, there being over $1,000 az the Phila-
delphia plant alone. and. counting those az
the Standard Steel Works. the total Is over