New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-10-24
Relevant Facts

,,.u.S Motors Corporation - nc
a., annual report Of the corporation
,".r.d Yesterday, disclosed gross ss''s
:, ss4ys2o 900 for the year ended June
"A last After deduction OF OIL eN
,A.r. remained a surplus OF w.
10 600, equal TO ss.SS a share on ,ne
sr,.tan ding stock. Alfred ?. Sloan IT,
s~..,aent OF the company, in ms re-
.vt. 20 the stockholders says con-
I.,o,, more or less beyond the con-
49,, of the directors neeess'tated tn .,
sN.orption Of the companys earnings
"a working capital ,ota
n. inventories as OF July l. iSio o
"a SSH 800, and as OF July l. ~ 10
80. si4.Ss7.TS4, an increase OF So'o'Vi
WiSs ar 6S per cent. THIS u ac-
s.tsd Cor. partly. by the high coss OF
~, and material, and, further oy the
ia.sntorIes OF the additional prop
critics acquired - 81. cor-
-.tion for the year WAS SHoZl'tse,
Ttis rcnresents % per cent on tne heE
.,iss after doducting the PeI
80 normal income tax and eherg.y s
c. SsDreciat;on SS6S,465. In the
q .Lcro "a no allowance for excess
nrosts tax. In addition 10 ,ho 49, ~
Allowance FOR depreciation 1Heto -
Sssn absorbed as q Part OF 'he vo'. 80
,sies for maintenance OF Pi""' anu
property s1I6o,352.
Extra and Initial Dividends Declared
Dl..,.or, Of the American Exchange
v,.on.l Bank yesterday declared a
..-,,.Dnusl dividend Of per cent and an,
SO 80 dividend Of per cent palyaoie
=, =. T;beTtv Loan bonds. Dividends are
-svob's November / 20 stoekholoers o.
record October 20. re, .
A. initial quarterly dividend OF - q
sters or the common stock mas oeeh
Ss,isrsd BY the Foundation company
csvnble December 10. and an extra oIv.-
49, Of So share on the common
49, vsvAble January 10. 70 STOCK
tolSsrs Of record December hlse the
..-',isr quarterly dividend % 2 Per cent
=, tLe preferred stock. payable N9vem-
~ rs 10 stockholders OF record No
'vembsr &
American Hide and Leather Com
r,nv.-Net earnings OF the company IN
u, thres months ended September 80
,gvrsrsted s4ss262, compared with
ssse6S7 IN the corresponding period OF
,ote according 70 the quarterly state
- issped Yesterday. The surplus
.Esr al charges was S323,Ss7, COM
nar.d with S1i0,712 year ego.
BROOKLYN Rapid Transit.-The stock
VISA weak yesterday, declining 10 62s4'
~. lowest since 1908. Il closed 3A
rolnt, Of AZ 5311. The compsny's state
men, Of operations FOR the three
months ended September 30 showed wed
Gross operating revenues OF So'loO''o"
sorsDare8 with S7,719S24 in the CORE
snoIding quarter Of 1915. Net oper-
etipr revenues were sS,795,l4O, against
s8.548,727 q year ago.
American Mailing COmpany"-The
company issued It's statement Of earn
irrs for the year ended Augusta last
yss.srdav. showing gross income OF
coon 7s7. against S673 63S IN 1916 Net
as-r;rvs. after interest and depreela-
,;rr we're S659.61S. compared with
SaosAsO. The surplus for the year
was s345.574, against SSl,6l2 the pre-
ccding year.
Union Pacifc.-Gross operating rev
enues for September. amounting to
sI1s63,25s, were Ss7s SGT greater than
in the CORE zDondinE month last year;
Operating expenses, however, lncreaseo
from s5430t71 in 1915 TO Sb'os wv
and taxes rose from Sil5,53O 70 $685.
6S9. So that the net operating income
Of s4277r5o was $4,000 smaller than
I'm Santamher 81 last wear.