New-York tribune., 1918-08-03
Corporate Returns
p. Lorillard COMPANY

+. Lorillard Company. Report n,
operations for the first five months ot
1918 dlscloses net profits after deduct.
ing charges and expenses of operation
OF $500, 5S4. After interest, premium
etc. Of $536,035, balance was s2,966,
bag. Preferred dividend paid during
the five months period totalled $500,
so5. Net income amounted to $685.
744, to which the surplus of $8.05O s43
for December 81, 1917, was added
bringing the total surplus to S10,6S7'
687. Common dividends were S3,485'.
Ioo, leaving a surplus at the end of Nav
81, 1918, of $7.201 ,899.
Fort Worth Power and Lipht.-Tba
company reports gross earnings for tbs
twelve months ended June SO last a,
S1,193, 1852, which compares with ssO1 :.
162 for the preceding twelve months
an increase of $292, 900 Expenses and
taxes totalled S621, ,655. leaving net
earnings of S571,5O7, compared with
S523,776 for the same months of tho
year before. Interest charges amount.
ed to $131, ,694, against $11S224 for the
corresponding period of the previous
year. Dividends on the preferred
stock were S84,740 Balance was S355'.
I O73, an increase of $26,521.
Texas Power and Light Companv
For the twelve months ended June 20
1913, gross earnings were S2.S97. .551 or
an increase of $490,547 in gross over The
same months of the year previous
A1ter expenses and taxes of S1.S41 .265
net earnings amounted to 81 ,056 .2S6.
winch compares with S1,029,775 for the
p[eceding twelve months. Interest
charges totalled s60S,462. leaving an
income after charges of $447 SPA, de-
crease from the previous twelve
months of $105,201. Dividends maid ou
the preferred stock during this period
were S248,5OO, against $222.542 for tbs
t"elve months ended June 80. 1917
balance was $199,324, decrease Of
S131,249. N'''0 VI
Ajax Rubber Company. = Net earn
lngs for the first half of 1918 amounted
to Sl,959,6OS, which compares with ST
zoI,4ol for the first six months of last
year, an increase of $70z,14 DiyI-
dends paid during this period were
$426,000, compared with s3s0,OOO for
the corresponding months of the pre
ceding year. Surplus totaled 81 $780,
! oO8. against $867,46 for the same
period of the year before, an increase
of S666,147
Tonopah Extension Mining Company.
-Recelpts for June totalled S152,257
from which expenses of SS5,117 were
taken, leaving an operating profit for
the month of S67,140.
Ell Paso & Southwestern Railroad
The company's statement for the wear
| ended December SO, 1917, shows gross
earnings totalling S13634862. compared
with Sl2,6l4,003 for the year before.
Expenses and taxes amounted to ST..
92I,17S, against $7,003,077 for the pre-
cedlng year. Net earnings were ST.
IOi ,Oo4, to which other income of 81
4z4,lf4 was added, bringing the gross
income to $8,131, ,258, which compares
with $8,l25,441 for 1916. Charges. ETC.,
OF oSa,oo9,e2o were deducted, against 81
s, o4o,o4s Tor n2, the previous year Balance
was ,438, or the equivalent to
Slo.2o per share on the $25.OOO.0OO
capital stock. compared with s3,5S2,-
W., or Sl4.32 per share earned the
year before. Dividends paid during
the year amounted to $1,000, 600, an in
crease of 100000 over the preceding
$2,071 ,438.
international Nickel Company
Earnings for the quarter ended June 80
last amounted to S3,83S, ,5O6. Other in
come was $50, ,208, bringing the total in
! come to S3,o9O,714. From this amount
aaddImalnlstration ADM and general expenses Of
S24o, 487 and reserves for taxes Of ST.
oz2,9o9 were deducted. leaving net
income Of $2,3l9,317 Profits totalled
S$dd,s46,965. After dividends of $780,
oo9, balance of $1.712,676 was ac-
counted for.
Atlantic Coast Line Railroad.-The
company reports operating revenue for
June of S4,363,774. which compares
with s3,376,810 for the corresponding
month of the year before. Net operat-
ing revenue totalled S997,S98 in de-
hclt, compared with a surplus of sS41,-
6e7 for the same period last year.
Operating income was a deficit of ST.
2o1, ,S90. Operating revenue for the
first half of the current year amounted
to S26,226,235, against S22,121,744 for
the tirst six months of the preceding
yyear; Net operating revenue was s6r
OSo,22o, compared with 81. .625 for
the corresponding months OF 1917.
Operating income for the period
amounted to S4,490,226.