The sun. [volume] (New York [N.Y.]) 1833-1916, 1916-03-20
BETHLEHEM PROFIT
$24,8S1,4OS IN YEAR
Enough to Pay 1921 Per
Cent. on steel COmpany's
Common stock.
IT SOLD At 81 IN 1914
Offers tO Sell ArmOr Plate
to Government ut It's
Own Price.

The Bethlehem Steel Corporation.
pioneer in filling war orders. with a
story In the past year that will he re-
membered a. one Of the romances or
industrial history. reported yesterday
that it's total net earnings for 1915 were
s24.s3i. .4Os 2j---this after deducting ap-
proximateiy S4.3ai. 900 for Ordinary and
extraordinary repairs and maintenance
The interest on the notes and bonds "t
subsidiary companies amounted to w.
342.59S.i0 and appropriations of $i.'lo,-
s39.54 were made as provision for the
e ,'inguishment Of mining Investments.
amortization OF patents. depreciation of
other properties and accruing renewals.
The net income. available for divi-
dends. accordingly is s1,.Is2.sl26l. as
compared with $5.5?U.o2ols III l"l'.
After : per cent on the preferred stock
is deducted there remains $i6. l".232."l.
or about ii:.I per cent. on the *ii.-
90S.O0o common stock.
ORDERS Total ai7S.43..sO5.
The total amount Of orders iiiled ~
l9l5--the fiscal year of ~" corporation
ends with the calendar year--is not
given. but the books of the concern seem
10 he bulging with orders from the Allies
The announcement H. mad. that ~ The
close OF the year ther. were on the huok'
of the company orders amounting I,
Sl15.a32 .s?j.le. as compared with $40
5i3.ls?.9J Oh the corresponding day o'
1914
Tn. Joint statement of ''Narlr~ NJ
/ Schwab. chairman % the board. and i.
q. Grace. president. says that the com
| pany " working to full capacity .xcep
In one respect. namely. the ar1nor plat
/ department. Regarding IN. facilities Z"
! the company 10 turn out arInor Plat" anC
| ~ readiness TO cooperate with II" Unite,
| states Government an unusual off.r IL
reported The corporation has offered I,
| All orders Tor III. Government a. cheap
! ly a. they can he filled by a Govrrn
inent factory
! The remarkable fi-ures OF profits dis
played in the preliminary report Of III
Bethlehem Corporation and the prospect
/ of big business ahead recalls tina
Schwab's corporation is AN cnterpris
that at one time Was laughed at Tn
profits had been forctold In the jump /
the price Of the stock last year fror
] .
Der 22 last. followed by Il drop to aroun
400 That the annus! rcror, Was ">
pected 10 show big profi's was Indicate
last week by the rise q. the stock t
525 II had been proph->i.d 'nat IN
profits would show about 100 per cen
on the common stock.
MIG Gains ot Bargain Iiunters.
According to tn" announcement c
yesterday. the seeker after bargains VIII,
in the panic market a few days befor
the European war started IN 1914, ha
seized the opportunity to buy Retheh"I
at - now stands chance ~ gettin
back the price paid for the stock at lea'
twice over in the dividends Of ore ye,
Tn. figure OF ll2l per cent earned q
the common places "littl" Steel" ~ III
head OF the war brides" for no 9th.
corporation of big capitalization ths
has been filling way orders has been ap
to show such profits. with the puss'h
exception uf the Union Metallic Ca
fridge Company and the pu pont Pow
der companies.
How tho total net earnings o: the co
porition have grow s'rc. tho war bcga
are shown by the following figures
previous years; la,3 S.75eG-l 10,
s;.Ii&.43a: 1871. S4,Tac.7l3: 1909. e.
- !,
years no such lincIg, au"ul.is w"rc .I
tract-d from thu let .aru,rss f"g icpr
c.atioi, maintenance" and "Ntrturdiuti
repairs az W"rr marked Oft hast y"Jr
Tho advnuc" SUN mary al the anuu
, iepurt given ont Yesterday. after tciir
u tho earnings, says:
THE average nrnbcr OF employees
the United states in 1915 w,s % 2OG
against 1886 in 1914. Wages pal
III 1915 amounted to sol 500. .66l.l
against Sl+.3l2,ais.,S in 1914"
Years Beginning Not Bright.
Mr.. Schwah and Mr. Grace make
the report. the following general r.
marks to stockholders upon conditio,
relating to the corporations affairs
"At the beginning OF the year 1918 II
steel business of III" United States W.
much depressed. due to some eNte
to the European war This conditi,
was rapidly changed however, by Il
very large orders for stec! produc
placed in this county by the vario,
European Governments and by an L
crca sod demand for do,u"S'ir cousum
ton. This cnmh!uod foreign and Il
, nestle demand has created an musu
condition in the s'o"l industry and L
day there exists an a"lual ~uurtag,
steel ma Sl'E 'api'l'! N tilS tbnN r
Thcsv conditions, coupled with the In
cu''y Of obtaining raw materials ~
an increase IA IT," pric' OF labor IN
resulted In 1t rapid Increase N thu pr.
Of stcc! products.
"The financial statements submit'
with this report reflect the general
prosperous condition Of the steel indust
during the major portion OF last Yea
AZ Is well known. your corporation h
had for many years past well develop
organiza ttons and plant" for the man
facture of ordnance and munitions
I war The resulting ability to meet al
supply the extraordinary demand I
such products accounts in large dcgr
for the increase in earnings over I
3 previous year.
n I'm view OF the earnings Of the pa
!. wear dividends were declared Of =
cent. OIL the preferred stock and 30 \
cent. ON the common stock OF your G,
nora ton, payable In quarterly inst;
ments during 1916.
Only Armor Plate Laxs.
with the recent extraordinary mari
for all classes OF steel products and
ships the various plants OF your cOrpOr
tion enter the year 1916 with all depa
. ments with one exception running at (
capacity. .,
"That exception is the armor plate ,
l.. partmcnt. Bethlehem Steel Compa
" has practically completed deliveries
' the Government on all pending arm