The sun., 1916-08-26
INDUSTRIAL NEWS.
AMER. HIDE & LEATHER co -rea.ure Of

AMER HIDE & LEATHER co Feature ~
report for year ended june 3. Is prosress mae
In 1919. Under indenture of original s9"a"4
issue Of frst mortgage is. company Is obliged
Balance sheet just issued shows company pur.
chased 1871, 900 of them last year. leaving only
50. SIS, 900 outstanding. What paying on II this
Indebtedness means 70 holders Of stock can
I've Understood when II IL remembered that
fixed chsry eliminated by liquidation would
be equivalent to about 5oe on the entire issue,
AMER LOCOMOTIVE co, Received order
for 10 Mikado locomotives from Pittsburg &
CANADA BREAD Co.-Prohts for year
ended June. 80. @s:eS.77l. compared with So 1876
High Sprices Of -four and other raw materials
given as cause Of decrease. Bond interest and
preferred dividends, SIS, s2l were earned, how
ever. and $50, 900 written OF for depreciation
while 81, so was set aside for bond redemp
ton and si:.o 900 added to forward balance.
INTERNAL. NICKEL CO-Reported that
company Will spend T., 900, 600 on new refinery
to be erected In Canada. Expenditure would
be met from treasury cash. which totals about
$500, 0oo. New plant would te operated by
subsidiary. of which parent company would
own all stock aud would undertake to provide
all nickel needs OF Great Britain.
MIDWEST REFINING CO.-Circulnr letter
setting forth conpany's Increased earning power
has been issued by Carl II rforzheimor a Go.
OIL REFINING INDUSTRY, Investment of
oil rehneries in U. $. totsis SA9 cco. 90. and
combined capacity Of the 80. rehnerles is more
than ZOO, 90 bbls. q day. according 10 ngures
prepared by II. G.. James. sec. OF Western
Rehners Assn. OF dstly capacity Standard
OIL companies own half. Value Of pipe lines
supplying renneries Is estimated at 500, on, 011.
bringing total refining investment TO about
sos, 900. o0o.
PULLMAN co. Reported about 10 erect new
plant at MinRo. Ohio. for construction OF steel
cars, and employing about 5000 men site of
200 acres has been purchased for 5000, 900.
REMINGTON ARMs.C. N. c. Co.-Reportcd
that 200, 900 rines for Allies already have been
shipped and accepted and that output Is now at
rate Of 1000 a day. New financing pending and
In preparation, for which audit Of company's
Affairs now Is being made. said to have been
| rendered necessary by rapid expansion Of bust
ness and plant adjustments to meet require
ments OF new munition orders.
STANDARD SCREW co Has called for re
demption at par and interest OF Oct. I
S240. 900 in SCI gold dehenture bonds-all that re
mains outstanding OF original 5000, 900 issue.
STEEL EQUIPMENT CORP Chartered In
n. y. 10 deal In furniture. filings. devices OF
metal, etc. Capital. 500 900. Incorporators,
! W. Dunelow. II. ". Becker. A. T.. Pattison,
UNION BAG 4 PAPER co. Especial meet
ing Of stockholders scheduled for Sept, II e
pass upon Joint agreement between company
and Riegel Bag & Paper Co. contemplating con
solidation. August Heckscher. chairman OF
stockholders' committee. says there IL no pres
ent need to issue either debenture notes OF
preferred stock Of proposed new company. and
that Its capitalization, $40, non, 900, would bs
represented entirely by common stock,