Evening star., 1936-05-07
ELECTRIC POWER
DEFICIT REDUCED
Utility Holding Firm Shows
$195,787 Loss, Against
$359,196 in 1884.
Nv the Associated Press.

BY the Associated Press.
NEW YORK, May 7.-Electric
Power & Light Corp, utility holding
company, with subsidiaries in IL
States in the South and West, re-
ported for the year 1885 deficit Of
$195,7s7 compared with deficit Of
$3.50, 1876 for 1884.
Motor Wheel Corp.
Motor Wheel Corp. of Lansing,
Mich, makers of wheels, rims and
other automotive parts, reported net
income of $370,0l4 for the March
quarter, equivalent to 43 cents. a share
on the capital stock, against s25S, S,124,
or 80 cents a share in the March
quarter last year.
Porto Rican American.
Porto Rican American Tobacco Co.,
a New Jersey corporation, operating
cigar and cigarette plants in Puerto
Rico, reported a net loss of s106,074
for the three months ended March 81,
against net loss of $94,377 for the like
period last year.
Congress Cigar Co., subsidiary,
had a net loss of Sl5.082 for the
March quarter against net loss of $32,-
824 in the first quarter last year.
WalwOrth Co.
WalWorth Co, producers of ma
chine tools and supplies, with princi-
pal plants at Boston, Mass, and Ke-
vance, ILL.,, reported for the March
quarter profit of $1O,475 before Fed
eral income taxes against net loss Of
$4,000 for the same period last year.
II. F. Wilcox Oil.
H. F. Wilcox Oil & Gas Co. with
properties in Oklahoma. Arkansas,
louisiana, Kansas and New Mexico,
reported net profit of S44,760 for the
March quarter. equivalent, after al
lowing for dividend requirements on
the per cent preferred stock, to 8
cents common share The company
had net loss of s35,738 for the 1885
March quarter.
international Telephone.
Progressive increases in the number
Of telephone stations operated by its
subsidiary companies was reported to
stockholders of International Tele-
phone & Telegraph Co. in the annual
statement.
AS Of December 81. 1895, subsid-
iaries had total of 9l0,435 tele-
phones in service compared with
853.763 at the end of 1884 and BIT, 7,489
at the end of 1888, the report showed.
Net income of the company and its
subsidiaries, with the exception of the
Postal Telegraph Co., which is under
going reorganization. amounted to
S5.7S7,4l1, equal to 80 cents a capital
share, compared with S3,554.058, or
about 81 cents a share, in 1884.
Cleveland Graphite.
Cleveland Graphite Bronze Co. re-
ported yesterday for the quarter ended
March 81 net income of S318,456,
after all charges, equivalent to 80
cents a share on the common stock
This compares with s547,9l7, or S1.70
a share, in the same period Of 1885.
Commercial Solvents.
Commercial Solvents Corp, operat-
ing chemical plants in Louisiana. Cali
fornia, Indiana, Illinois and New Jer-
sey. reported for the quarter ended
March 81 net income of s617,778,
equivalent to % cents a share on the
capital stock against s564,860, or 81
cents share, in the March quarter
last year.
American Gas e. Electric.
American Gas g. Electric Co., oper-
ating public utility properties over the
Eastern half Of the United States. re-
ported for the IL months ended March
81 net income of $40, 1858, equiva-
lent. after dividends on the preferred
stock, to S192 a share on the COM
mon stock. This compares with net
income of S9,090,5l2, or Sl.73 a share
in the II months ended March 81,
1885.
American Steel Foundries.
American Steel Foundries, with
principal plants in Pennsylvania,
Illinois. Indiana. Ohio and Michigan,
reported consolidated net income of
s461,219 for the quarter ended March
81, equivalent to 38 cents a share on
the common stock, after allowing for
the regular dividend requirements on
the per cent cumulative preferred
stock, on which there is an accumu-
lation of unpaid dividends. For the
March quarter last year the company
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