The Wheeling intelligencer. [volume] (Wheeling, W. Va.) 1903-1961, 1917-03-14
LA BELLIES TOTAL
INCOME LAST YEAR
WAS $6,434,318.41
REpOAT SHOWS NET EARNINGS
GREATEST IN HISTORY OF
COMPANY
stockholders, at Annual Session. Elecs
Directors and Offer Plants to GOV
eminent For war Use.

Last years earnings - l.AEcli" iron
Works wrr,' the largest III tn" r"mpan!
history. according Ia reports SuhlnlittG
y"si:ria; 10 the ;iuGual STOCKHOLDERS
meeting. held during the forenoon IN III"
assembly room of The MM',"l .\uGii"r-
i:In. rh" total income for tn" year. NE
Presidents report showed. was S6.4H4.-
"!S.Ii. After provision man hceu m;td'
tor thu. exhaustion "!s minerals and de-
ductious for appreciation and certain
,il.rr items. tin. MT earnings Tor tn
year amounted 10 5@,I5S.75:.i1 III"
greatest previous years earnings o. n"
=, trrany were $2.22i .323.n4. IN 1910
Two New Directors.
Ty. unanimous vote. tho following d.
s...r"rs rer,. clrrt"d: i. NJ Clarke. Alex
;,u,i"r Glass. tic"rS- Gri"r. Howard Haz-
- Kirk. H.. l.. Vance. y. IL. Wu"d~
T.. VI. WnrN and II. i. Burt. ID. \. Burt
ana Il +. Vance ar" tho new directors.
Succeeding I, y. RobtnSon ami W. ID.
tr:,wtnrd.' The directors VIII. organize
SVuH.
Til" stockholders unanimously adopted
Il resolution offered b" Attorney Nelson
C. Hubbard. authorizing The plants or
- Bell" Irnu Works III" turned "Er" 10
10 g0Ecrn,i.nl IN even, Of war. Th'
resolution follows.
.R.smiv.d that The La Belle Iron
Works. Will! sixteen hundred Stu"kho!d-
rs send Sv""IlneS 10 Pr~sid"nt Woodrow
Wilson. and stand ready 10 make us
properties available lea support 'hr GOV
rruru"ut IL all measures. undertaken for
IA" lISi protection 81 our pr"r!" ana
Ihrir rights.
Income Account.
Tn. iu"nlu.. account and statement OF
surplus for tn" year ending December
~ lcii. follows.
Mt earnings FROM operations after
dcc!ucting charges Tor maintenance and
lruai"s /" plant ~ $l,h37 a00.bD--$6. los
i"6.0l And ";h"r incnG" $"h.lh".+".
T"ial !n"om. for III" year $G.t"t."l>.iI
,lrt:-Frn"isiuuS fur exhaustion o.
Iair"ralS ami cX;inGuiShmsut al !"as"
r;,lurs. 500. @ii.a@: Provision for de-
ri,..i.,;!ou 81 Special equipment. SiH.-
risN5: PROVISION for a"cl, nt$ and
contingencies. 3l5A.i"2.i%: lr'"r"St On
mort gag bonds. $2gH. lEG. :!-SI' a.
-r5.hG. NJ earnings IL" n" y-Hr.
D,d,!r;-Sp.r!al charges. l'r"yisIru
f".' Inventory reserve. aIjuS' !n"nl. etc.
5 / .nr". nnn.Hi': En:ir,. discount on first and
r..itiniuS m"r.nlSs bonds sold during
Ne. >'"T Rus net prr!n'un "n bonus
i.:irhns,.,l f"' treaty. SlS!.l5l."':
,i".nr..d. SO. ouo.nn--$I. 270.l'i.cj. Sur
Plus r"l tn, !""". Ei.fSS.6hl.I0.
Im,luct- Dividends: Preferred -i""I,
t.. Sl..H4. n"c.n": Common stock l"o
payable .IsuuarH 81. III. 9?:'I4."o--
! $l.%SS. iIs.0o Baiaic". $2.lu0. i'i.in.
.Nid-Surplrs At. January I. i9iG.
&: .u5j. Els SIS Ij5.16
DEDUCT ppr"prin: for drpr"ria-
i'nE uI plant uni equipment. &C. S3hy.-
n"u. op-SJ .65f. 1S2.S2.
More Are Produced.
..r increase Of II per cent IN ;he pro-
tiuctiuu u; iron ~" was rnai- UIr" The
previous year. 81 10" gross tons hciug
produced during the twelve months. The
coke iurrclS" was ia per cent as conf
pared with The PREVIOUS Ear. and the
ryai increase - n':' cent;
Operations were carried on 10 capacity
steel rrudHcjinu .Arr"fihS tina; Of atT
similar period in TIM HISTORY ~ III"
.'"Iupany. Tn. average number ~ en-
p!"yeS during The year Was ::.S14. IT,"
pay roll aS&reGating $i."%3."" 80. or :,ii
acreage az Sl.pGu. "a for Zach cnipIuyc
Shipments for Year.
The aggregate value Of shipments dur
ius the Year was SlH.i?~: r5J.nS. az rnul-
pared with slI.33".7@l.i3 for The prcv;-
"uS %car.
irEriag Ike year uUmbe,' % add
Ions were made u tho plant the build
construction ~ III" hrihC" connecting
/ thc properties at Si"IIh"uNiiit with those
I IN Brooke county. Additional real cS
,ate was also acquired aHh number nt
! trrStles. piers and dredging Of the har-
, Dor was completed during ;hc year.
! 'ihcr" was paid during Tn" YEAR III"
sum Of Si.@S".nm, being |" per cont on
, the outstanding preferred capita! st"c;
! ) per cent of which iipu!datcd ihr ;.c-
: cuinu.a dion Of hac!; div ld"rd>. y div
i"nL - 20" cont amounting - sHa.l3i
! "'t rpnIm": capital stock. pH%'atir Ianu-
AZ r.. 1911. waS ais" He'ihr''i.
! BUSINESS h"ot"d a ""nUnerailvo
, prices Will "nxas" IA" capacity - the
! works Cor months :" conc. and n" "ui-
! i""i: Is exceedingly promising.