New-York tribune. [volume] (New York [N.Y.]) 1866-1924, 1917-02-15

nroperty. were not officially elected to
the board, they will be allowed to SIT
in as a matter of courtesy at all meet
ings OF United States Rubber directors
between now and the annual meeting
of stockholders in March, when they
will be formally elected.
Colonel Samuel p. Colt, president OF
the company, said: Our sales last
year were about Sl25,OO0,0O0. / do
not see what is going 10 stop US from
running well over Sl5O,O0O,0o0 this
year. January was a big month, Dig
ger even than | expected. Our sales
of footwear increased at least 20 per
cent-that is in number Of pairs sold
and then we had the benefit Of 20
per cent advance in price besides
Gulf State Steel.-Ihe board OF d.
rectors yesterday announced that the
net operating income Of the company
for the month Of January, after re-
serves for depreciation, taxes, etc"
amounted 20 1861 1928, an increase OF
s155.455 over the corresponding month
Of 1916. A dividend Of per cent was
declared on the first preferred STOCK
payable in four quarterly instaIments'
also dividend of So share on the
second preferred, payable IN four quar-
terly instalments.
New York Central The directors OF
the New York Central Railroad yester-
day decided to offer stockholders oil
the company who have already sub
scribed and paid for the new stock the
privilege Of Withdrawing their subscrlp-
tions and having their funds returned
to them. An official circular has been
prepared by the company outlining de-
tails of the offer and giving dates, ETC.,
on which such action may be taken al
the discretion of the stockholders. The
the offering Of the $25,000,O00 of new
stock at par to stockholders. The fol-
lowing circular has been sent out:
when stockholders were given the
right 20 subscribe for additional New
York Central stock, that stock was at a
premium. The time within which sub
scriptions were to be made has not yet
eexpired and the market value has now
fallen below par. Holders of warrants
who have filed their subscriptions may
cancel them, provided they notify the
company Of their intention to do so
before March -
Scoyill Manufacturing. The annual
report for the year ended December 81
last shows net earnings OF Sl3AO34o2'
equivalent to S26s a share on the So
100000 of capital stock. This compares
with net Of S5,974,362 in 1915. or Sll9.50
a share on the same amount of stock
The company paid $1ll share IN divi-
denQS last NedIt lHSiuHiHs "
regular and $1O3 in extra dividends. In
1915 total of S1S a share was paid 70
stockholders. The company has turned
out successfully large amount OF war
munitions for the Allies, mostly time
fuses for shrapnel shells.
New Haven Railroad Despite recent
rcassurances by bankers concerning
the company's ability to provide ior
maturing obligations the stock cioSeu
Yesterday at 37l2, a new low record
There were rumors Of bond issue the
nrocceds of which would not only pay
off the s25.OOO,OOO Of notes falling due
Nav /. but would also supply funds Tor
needed improvements in the way oil
bridge construction. etc. The weakness
in the stock was accompanied by sell
ing of the per cent convertible de-
benture bonds, which touched W, the
lowest price since November, 1914.