Evening star., 1936-03-11
BORDEN CO. EARNS
%,&2,AS PROFIT
1885 Net Compares With
$4,490,O45 for 1894.
Sales Increase.
BY the Associated Press.

BY the Associated Press.
NEW YORK. March l1.-Borden
Co., a leading producer of dairy prod
ucts, in its 1885 annual report, shows
net income of $4,842,3 ,34s, equivalent
to s1.10 q share Of capital stock.
This compared with 1894 net in
come of s4.490,o45, or $1.02 a share.
The company's net sales amounted
to 1929, 1888 ,089, against $215,723. .65s
in 1884, an increase Of 6.5 per cent.
Net current assets on December 81
amounted to S53,l54,264, including
$19 9,840, ,568 in cash and $5,163, ,420 in
marketable securities.
Concerning the company's failure
to earn fully the $l.60 dividend, Ar
thur w. Milburn, president, said cur
rent operating losses of the produce
division, together with the losses at
tending the liquidation of certain OF
its operations. contributed principally
to the unfavorable results"
But he declared that "fear Of q
repetition Of this 1885 performance
is not justified for the reason that
the scope of the divisions operation;
have, effective January /, 1896, been
greatly curtailed. policies and methods
changed and certain of its unprofit-
able operations discontinued and
liquidated."
Western Electric.
Western Electric Co, manufactur-
ing subsidiary of American Telephone
g. Telegraph Co.. and the Associated
Bell System, reporting for 1885
showed its first profit since 1891.
Net income for the year amounted
to s2,620,279, against deficit o.
$7,75l,548 in 1884. Virtually all Of
the company's capital stock is owned
by American Telephone & Telegraph
The principal plants are located in
Chicago and Kearny, N. ].
Net sales were $l05,416.80l, OF
which S97, 7,554,415 we're made to the
Bell companies and $3.043,259 to SUBJ
sidiary and associated concerns. Ir
1884 the sales totaled $91, 1907, 1896.
Murray Corp.
Murray Corp. of America of De
troit, manufacturers of automobile
bodies. reports 1885 net profit of ST.
| 43O,352. after all charges, equivalen
| to 81 81 share on the common stock
This compared with net loss of S798,
1863 in 1884.
Remington Arms Co.
Remington Arms Co.. Inc, manu-
factures of firearms, ammunition ans
cutlery. with principal plants a
Bridgeport, Conn.,. reports net in
come of s136,525 for 1885. This in
cluded extraordinary income Of sl67.
BAL due to consumption in 1885 o
materials written OF and reported a!
adjustments In inventory values II
1888" For 1885. net income wa
sl42.5eo.
Niagara Hudson Power.
Niagara Hudson Power Corp, re.
ports consolidated net income in 1893;
amounted to s4,386,816, compared
with s4,051, $50 in 1884. CONSOLIDATED
operating revenues totaled s76,o5S. .533
against S73, ,567, AS in 1884, gain oi
3.4 per cent. The 1885 earning,
were equal to SO cents a common
share, against 46 cents in the previous
year. For the seventh consecutive
year the Niagara Hudson system LED
the world in the sale of kilowatt hours
of electric energy with a total OF
6,067, ,095. 1882 kilowatt hours, an in
crease Of 10.6 per cent as compared
with 1894, the statement said.
]. ]. Case Co.
j. I. Case Co., manufacturers oi
farm implements, of Racine, Wis, re.
ported for 1885 net profit of s1.s04,
835. equal to $3.50 a share on the
common stock. This compares with
net loss of s6e9, ,s22 In 1884.
Union Tank Car.
Union Tank Car Co., Chicago, re-
ports for 1885 net income of STATS
1872, equal to s1.26 a share on the capt.
tai stock. compared with $l,580,l73, OF
sl.36 a share, in 1884.
Granite City Steel.
Granite City Steel Co. of st. Loui,
reports for 1885 net profit of s6l8.35s
equal to s242 a share on the capital
stock. compared with s25S,7e1, or s1ol
q share, In 1894.