Evening star., 1936-04-16
$7,923,152 EARNED.
BY OWENS ILLINOIS.
Lewis Bares Expansion
Plan, Expected to Cost
10 to IL Millions.
81 the Associated Press.

NEW YORK, April 16.-Owens-
Illinois Glass Co. and subsidiaries re-
ported today for the year ended March
81 net profit OF $7,923,152. equivalent
to $6.25 share of capital stock. This
compares with $6,427,074, or $5.35 a
share, for the preceding IL months.
President William E. Lewis outlined
to stockholders a three-year improve
ment and enlargement program.
Lewis declined to estimate the total
sum involved. The Toledo Times said
1t was expected to reach $l0,000,0 900
to $12, 900 900.
To finance new construction, stock
holders will be offered rights to pur-
chase additional shares at 500 a
share, at the rate Of one new share for
each 20 held on April 20.
Directors declared the regular $l.25
quarterly dividend and enlarged the
board to include c. j. Wilcox Of Toledo.
Collins g. Aikman.
Collins & Aikman Corp. and sub
sidiaries, manufacturers Of pile fab
RIGS, with plants in Pennsylvania,
Rhode Island and North Carolina, re-
ported for the year ended February 20
net profit of $3,974,687, equal after
dividends on the per cent preferred
stock to 1928 a common share. For
the So weeks ended March 2, 1885, net
profit was s270,798, or $4.3l a share
on the preferred stock.
Amerada Corp.
Amerada Corp. and subsidiaries,
producers of crude oil with properties
in Oklahoma, Texas, Kansas, New
Mexico and California, had a net
profit of $l.797,613 for 1885, equiva-
lent to $2.28 a share on the capital
stock. For 1884 net amounted to
s1,736,420 or s220 a share.
Container Corp.
Container Corp. of America re-
ported net income of SI79,303 for the
March quarter, equivalent to 81 cents
a share of capital stock. For the
same period last year profit was s2o7,-
$40 or 81 cents a share.
MacAndrews & Forbes.
MacAndrews g. Forbes Co., producers
of hcorice paste, boxboard and other
products, reported a net profit of
s856,863 for 1885 against sl,033,327
for the previous year. Profits per
share of common stock were s2.42
against S291.
Niagara Share Corp.
Niagara Share Corp. Of Maryland,
an investment company, announced
March 81 net asset values were equal
to s92646 per share Of class A pre-
ferred and sl6.66 share of class B
common. On December 81 the corre-
spending values were $3.50 and sl5.34.
American Agricultural.
American Agricultural Chemical
Co. of Delaware and subsidiaries re-
ported for the nine months ended
April net profit Of S214,264, equiva-
lent to SO cents a share on the capi-
tai stock. For the nine months ended
March %, 1885, net profit was 1885,
262, or $l.73 share.
Foundation Company.
E'OunCaJlon 20. OF new OIki COL-
ducting foundation and construction
operations, reported for 1885 a net
loss of sl29,086 exclusive Of adjust
ments made directly to surplus. This
compared with a net loss Of $94,648
in 1894.
Gulf States Steel.
Gulf States Steel Co. Birmingham,
reported for the first quarter net in
come of S96 ,929 after all charges, COM
pared with S3o,149 in the March quar-
ter of 1885.
Belding Heminway.
Net profit Of the Belding Heminway
Co. for the three months ended March
81 amounted to S174,713 after depre-
citation and miscellaneous charges,
against $l65 ,094 in the corresponding
period Of 1885. The net is equivalent
to 81 cents a share on the common
stock, compared with 35 cents share,
81, 8