The Bridgeport evening farmer., 1916-03-20
BETHLEHEM co.
PROFIT IN YEAR
is $24,83I,4OS

| New Ork,s MarCh 2U-1h0 60In10-
hem Steel Corporation, pioneer in fill
| ing war ORDERS, with a story in the
| past that will be rem rendered one
of the ro1nances of Industrial history,
| reported yesterday that it's total net
earnings for 1915 were $24, 831, 408.25
this after deducting approximately
| $4,391,0O0 for ordinary and extraor-
| binary repairs and maintenance.
| The interest on the notes and bonds
| of subsidiary companies amounted to
| $2,342, 596.10- and appropriations of
| $4,715, 399.54 were made as provision
| for the extinguishrnent of mining in
vestments, amortization of patents,
| depreciation of other properties and
accruing renewals.
The net income, available for divi-
dends, accordingly is $17,762, 1926
as compared with $5,590,O20.18 in
1914. After per cent. on the pre-
ferred stock as deducted there remains
$16,719,252.61, or about 112.1 per cent.
on the $14, 900 common stock.
Orders Total SITS, 4S2, 1875.
The total amount Of orders filed in
1915-the fiscal year ofIthe corpora
ton ends with the calendar yearTis
not given, but the books Of the con-
Germ seem to be bullying with orders
from the allies. The announcement is
made that at the close of the year
there were on the books of the COM
pany orders amounting to $175, 432,-
895.19, as compared with $46,5t3,-
1895 on the corresponding day of
1914
The joint statement of Charles M.
Schwab, Chairman of the board, and
E. G.. Grace, president, says that the
company is working to full capacity
except in one respect, namely, the ar
NOR plate department. Regarding the
facilities of the company to turn out
armor plate and it's readiness to CO.
operate with the United States gov
eminent an unusual offer is reported:
The corporation has offered to fill or
ders for the government as cheap1y as
they can be filed by government
factory
The remarkable figures of profits
displayed in the preliminary report of
the Bethlehem Corporation and the
prospects of big business ahead recalls
that Schwab's corporation is an en-
terprise that at one time was laughed
at. The profits had been foretold IN
the jump in the price of the stock last
year from ASH on Jan. 2, 1915, to 500
on Oct. 22 last, followed by a drop
to around 400. That the annual report
was expected to show big profits was
indicated last week by the rise of the
stock to 525. 1t had been prophesied
that the profits would show about 100
per cent on the common stock.
Big Gains of Bargain Hunters.
According to the announcement of
yesterday, the seeker after bargains
who, in the panic market a few days
before the European war started In
1914, had seized the opportunity to
buy Bethlehem at "a now stands
chance of getting back the price paid
for the stock at least twice over in the
of one year. The figure of
1871 per cent. earned on the common
places Little Steel at the head of
the war brides for no other cor |
of big capitalization that has
been filing war orders has been able |
to show such profits, with the possible |
exception of the Union Metallic Car I
fridge Co. and the DUPONT Powder |
companies.
How the total net earnings Of the |
have grown since the war /
began are shown by the following fig |
ures5 of previous years: 1913, $s,752,-
671; 1912, $5,114,439; 1911, $4,792,-I
713; 1919, $2,S36,592; 1906, $1,364.-
175. In all those years no such liberal
amounts were subtracted from the net
for depreciation, maintenance
and extraordinary repairs were
off last year.