New-York tribune., 1919-03-17
Am. international
Corporation Busy
In Many Fields
Profits for 1913 Show De-
crease, but Extension of
Activities Makes the Out
look Bright, Stone Says

The annual statement to stock
holders of the American international
Corporation, out to-day, is a docu
ment which holds much promise
for the future. Last years surplus
available for dividends amounted to
| $3,716,379, equivalent to 1853 per cent
on the S49,00OOO0 common stock, of
which 60 per cent, or 29,400,OO0, has
been paid in. In 1917 the corporation
earned 7.5O per cent.
Reviewing the operations of the past
year and the prospects for future
business, Charles A. Stone, president
of the corporation, classifes it's activi-
ties into five principal groups, as fol-
lows:
Summary of Corporate Activities
1. Participations in foreign or do
mestic corporations doing foreign
| business.
2. Proprietary and controlled COM
panies in which the corporation owns
all or majority of the capital stock.
3. Development undertakings, gov
ernmental or private, at home or
abroad.
4. Departmental business conducted
directly by the corporation in its own
name, either in the United States or
abroad.
5. Foreign Offices and representa-
tion in foreign corporations organized
jointly with interests in foreign coun-
tries for the purpose of studying busi-
ness opportunities there.
"The participations group" says Mr..
Stone in the report, "is substantially
OF the same character as it was a year
ago. We still hold an interest in the
international Mercantile Marine Com
psny, the United Fruit Company, the
United States Industrial Alcohol Com
pany and the United States Rubber
Company, and these securities have
shown a satisfactory return during
the year.
Among the proprietary and con-
trolled companies those which are en-
gagged in foreign trade have had con-
siderable difficulty during the year on
account of the various trade restrc-
lack of shipping space and foreign
taxes, but on the whole a good show
ing has been made. The sales of the
machinery export department have
been very satisfactory, and at the
same time broad foundation has been
laid for future operations.
Into the Far East
"The scope of these companies has
been extended to China and Japan by
the acquisition of the Horne Com
pany, Ltd, which succeeds to the bust
ness of the we'll established concern
of F. W. Horne G. Co., of Toxic, giving
chain of extremely important con-
nections in the Orient, and the organi-
zation of the Allied Machinery Com
pany d'ltalia strengthens the affilia-
tions which had been established in
Europe. Agents have been sent to
many countries of the world, and the
Allied Machinery Company of America,
through it's selling subsidiaries, oper,
ates twenty branches in eleven coun-
! tries.
"The American International Steel
Corporation is likewise pursuing
policy of preparation for the future
and has established connections in
Europe, South America and the Ear
East.
&c. Amsinck e. Co., Inc, has been
undergoing a systematic Americaniza-
new branches. It's sales have in the
past been made mainly in South Amer
ica, but the scope of its work will
shortly be increased to take in a
much broader territory.
1--WE have purchased during the year
the balance Of the stock Of Carter
Macy & Co., Inc, and now own the
entire corporation. 1t has developed
an important market for tea in South
America and is now represented bv
either selling agency or branch
in every continent Of the world.
"Thc American Balsa Company, Inc,
has confined itself during the period
of the war to the manufacture Of life
saving equipment for the Navy De-
partment and for the Emergency Fleet
Corporation. The cessation of the war
has made available greater supply Of
balsa wood and a most promising field
is being opened for its use as an in
sulating medium in refrigerating in
stallations of all kinds.
Owns Naval Stores Company
"We have purchased during the year
the balance of the stock of Rosin &
Turpentine Export Company and now
own the entire corporation. 1t has
shown very satisfactory results on ac-
count of the high prices which have
been obtained during the past year in
the market for naval stores, and has
been able to furnish large amount of
these materials to the Allies for use
in the manufacture of war equipment"
After reviewing the difficulties en-
eountered at the Hog Island shipyards,
MIR. Stone said that conditions are now
much improved and the desired rate of
production is now being approached.
Ships built at Hog Island, he stated,
have received the highest rating both
from Lloyds and the American Bureau
of Shipping.
BY early March seven ships had been
put in service. The Quistconck, sailing
from New Orleans, has passed Gibrai-
tar en- route for Genoa with a miscel-
ianeous cargo of cotton, tobacco and
metals; the Saccarappa has arrived at
Rio de Jsneiro, Brazil, with coal; the
sacandaga is carrying general NOR
chandlse to the West Coast Of South