Evening star., 1926-02-16
CHAP|N-SACKS NETS
&24,321 IN YEAR
Increase of $101,571, After
Depreciation and Taxes.
Over Previous IL Months.
BY CHAS. p. SHAEFFER.

Net profit Of the Chaplin Sacks Cor
poration and subsidiaries, after de-
probation and taxes, in 1925 amount
ed to s424,321.45. an increase of sloI.-
571.2o over the earnings of S322, $50. 20
reported for the previous 12-month
period, stockholders were told at the
annual meeting held this mU.nin" IN
Richmond, Va.
Net sales during the period amount
ed TO $3.50, ,423.43. a gain of s397.-
1905 over the previous year.
The industry has total assets of
1881 .229.18. stockholders were iold,
consisting of current assets OF SH6!.-
Sa4.S6; other" assets of 23.SS6.12
and deferred charges of S195, 1870
Liabilities, according to abbreviated
statement for publication, listed cur
rent obligations at Sl00.16674: other"
liabilities at s2,OO7, 1883. with CAPT
tai and surplus of $5,273,312
Bank Stock at New High
Trading on the shineto1 Stoc1
Exchange continued at firm levels
this morning, the new nigh record
of 401 established by Fodcral-.hIneri-
can National Bank being rendered
negligible in that it affected d single
share. Commercial National was
parted with ia points on the subse
quent sale of 10 shares.
Railway preferred stock ruled IN
changed from recent averages g.
shares selling at 81. Gas stock was
Slightly easier at 1912 and 732s. with
an odd lot Of Capital Traction selling
at 107. National Mortgage and In
vestment, preferred, at sIs and S, the
trend being lower.
Capital Traction bonds at par rep
resented the only bond activity.
North American Expands
The great North American utility
system has been rendered even
greater by extensions in Michigan
of large ma jorities of common stocks
of the Iron Mountain Light &
Power Co, of Iron Mountain, Mich.
and the Niagara Light and Power CO.
of Niagara, Wis, officials Of the com
pany announce.
The Iron Mountain company fur
nishes all the electric service for the
City of Iron Mountain, in the heart
Of an iron mining region, and also
serves several small communities
created by the establishment of ex
tensive woodworking factories Of the
Ford Motor Co. The Niagara com!
pany serves the village of Niagara, III
the center Of operations Of the kim
berley Clark Paper Co.
No purchase price was announced,
but the physical valuation of the &C
quired properties approximates $500.
900. They will be operated as par
of the large holdings of the North
American Co. in Wisconsin and the
upper peninsula of Michigan.
New Offering Today.
Hornblower & Weeks and Paine,
Webber G. Co. are offering $l.S00.000
the Grief Bros. Cooperage Corpora
ton per cent gold notes, due Feb
ruary l, 1886. at 100 and interest to
yield per cent. Each note carries
a detachable stock purchase warrant
emitting the holder to purchase from
the company 20 shares of class A
common stock for each $1,000 note a.
s45 per share until February !, 1928,
thereafter at $50 per share until Feb
ruary ], 1880. and thereafter until
February !. 1882. at $50 per share.
Holders of notes may turn them in
with warrants attached TO apply at
par and accrued interest against pur-
chase of class 4 common stock.
Freight Record Made.
Freight traffic handled by the class
l railroads in December, 1925. was
the greatest for any December on rec
ord. according to the Bureau of Rail
way Economics. It amounted to
37.S6S,SS 900 net ton miles, an IN
crease of 2.S63,136 900 net ton miles.
or So per cent over December. 1924.
and an increase Of 4 ,442, ,207 900 net ton
miles or 1873 per cent over December,
1923. 1t also was an increase of 60
per cent over December 1920.
In the Eastern district freight traf
fc showed an increase of S.5 per cent
over the same month in 1924, while
in the Southern district there was an
increase of I per cent. The Western
district showed an increase of sc per
cent.
For the year 1925 the volume of
freight traffic amounted to o46. .264. 967.-
600 net ton miles. This was the great
est freight traffic ever handled by the
railroads in any one year with the
exception of 1923, which exceeded the
total for 1926 by 1.341 ,693 900 net ton
miles or three -tenths of l per cent.