New-York tribune., 1921-03-16
$7.43 Earned
By American
International
Total Net Return for 1920
S3,716,338, According to
ualReport; Combined
Account Shows a Dron

Inc international Corporation ia a
holding company whose profits ara de-
rived principally from dividends ro
ceived on stock of subsid;arv co,r %
panies and in the past from shipbuiid-
ing fees 'A''a-
IN 1870 the corporation income ac
count showed $3,716,3Ss net earned. the
equivalent of $7.43 on the companv,s
total 10000 900 stock. Actually, how
ever TINS includes some dividends paid
oy suosldlarles out of large earnings
OF the hrst part Of the year, and did
not take into account losses of sub
sidiaries. Consolidating the income ac-
counts, the American International
CORPORATION and subsidiaries had ST.
o.4oI net earnings in 1920, equivalent
TO S3.oI on the stock, against S4,719.-
l6L IN 1919, the equivalent of 1914.
The shipbuilding activities of the
American international Corporation
nave been completed, and by February
g. WI. the entire plant and all ma
terial had been turned over to the
Emergency Fleet Corporation. During
1870 iorty-four ships were launched
and ntty-three ships delivered and put
INTO operation, total tonnage de-
livery of $4,000. The net fees in con-
nectlon with the undertaking for the
year amounted to S1.200,00O The con-
tract for the shipbuilding was signed
on September IS, 1917. and actual con-
structlon begun seven days later. The
first keel was laid February 12, 1918,
and the first ship was launched Au-
gust 5, 1918. The last ship. which COM
pleted the contract. was delivered Jan
uary 20. 1921. In all 122 ships were
delivered. All carried the highest
rating of either Lloyds or the Ameri-
can Bureau, and the total deadweight
tonnage was 956,750.
List of Stockholdings
For the first time the American In
ternational gives a complete list of its
stockholdings in other companies. It
owns all the stock of the Allied Ma
chlnery Company, which is a selling
organization for American machinery
and tools throughout Europe, South
America and Japan, and this company,
notwithstanding the business depres-
sion, showed a small profit from opera
tions n 1920.
The American International Corpo-
ration also owns the entire stock Of
the international Steel Corporation.
organized in 1917 to handle steel eX-
ports. but this corporation is to be
iquidated and its business turned over
TO the Allied Machinery Company and
G. -Amsinck & Co.. Inc.
t.t S~4~4IS capital SlOCh Oh NJ AIN
sinck & Co., Inc. which does a trading
business in South America, Mexico and
Central America. is owned by the Amer
lean international Corporation. This
trading company under present condi-
tions IS dependent on the parent com
pany for loans to finance its business.
Conditions in South America are such
that payments are slow, and while here
tOfore losses from uncollectible ac-
counts have been small, reserves are
being set up against possible change
in these conditions. THIS company had
loss Of little less than half mil
lion dollars in 1920.
Carter, Macy & Co. Inc, all of whose
stock is owned. is tea importing com
pany, and, like other tea companies,
found conditions unfavorabe in 1920.
II showed loss for the year OF S862,-
799.
Another Shows Loss
The Resin and Turpentine Export
Company, whose name explains the ma
rure of the business, was able by an
ticipatng the curtailment in demand