Evening star., 1938-01-31
NATIONAL STEEL
NETS $17,8D1,S93
1921 a Share on Capital
Stock Is Reported for
Last Year.
BY the Associated Press.

Last 1ear.
BY the Associated Press.
NEW YORK. Jan. 31.-The Nation
al Steel Corp. IN preliminary report
for 1887 showed today net earnings
of S17,80l 1893 after Federal tax on
undistributed earnings.
This equaled 1921 a share on the
capital stock and compared with
profit Of sl2,541, ,s42, or $3.50 a share,
In 1896.
For the final quarter of 1887 net
before the Federal profits surtax was
50 ,580,925. or S1.l9 a share, against
81 ,628, ,729, or S2l4 share in the
final quarter of 1896, and $5,227,07l,
or $241 share, in the third quarter
Of 1897.
Operating subsidiaries have plants
at Weirton, w. Va; Steubenville, Ohio;
Buffalo. Clarksburg, w. Va, in the De-
troit district and coal properties in
Pennsylvania and West Virginia.
Harbison- Walker Dividend.
Directors of Harbison- Walker Re-
fractories Co. today ordered dividend
Of Is cents a share on common stock,
payable March to holders of record
February 10. Four payments Of 25
cents each were made in 1887. Com
pany manufactures fire brick and other
heat refractory products
A preliminary report placed net
profit for 1897 at s3,l40, ,2c3. equal after
preferred dividend requirements to
S2.l8 share on common stock, COM
pared with $3,462, ,483 or S241 a share
in 1926.
Deere & Co. Income.
Deere &-Co of Moline, ILL.,, today
reported net income for the fiscal year
ended October 81 of sl4,936,47 COM
pared with sll.6lo,3O6 the preceding
fiscal year.
This was equivalent to $4.24 a COM
mon share after preferred stock re-
quirements compared with 1898 a
common share on the smaller volume
OF outstanding stock a year previous.
Net sales increased 40 per cent to
slo0.3ss,7lo.
NadtiicSou "OTkS Net.
Mathieson Alkali Works. Inc, re-
ported net income of sl.664ls3 for
1887, equal to s1al share on the
common stock. This compares with
sl.628,4a0, or Sl76. in 1896.
The companv's principal plants are
at Saltvllle, Va; Niagara Falls and
Lake Charles. La.
Continental Baking Net.
Continental Baking Corp, holding
company for subsidiaries operating
bakeries in many cities. today reported
the year ended December 25 consoli-
dated net income Of s4,lo3,s5l before
allowance for the Federal surtax on
undistributed profits. This comma red
with profit OF s3,5O2, ,4S6 in the pre-
ceding year.
National Aviation Corp.
National Aviation Corp, engaged in
financing and advising aircraft devel-
opments, reported the indicated lioui-
dating value Of its holdings at the end
OF 1887 was sl2.70 a share on the
capital stock. compared With sleo7
at the end Of 1886.
Pittsburgh Coal Co.
The Pittsburgh Coal Co.. in a pre-
liminary report for 1897. reported to-
day net loss Of sto5o, ,79e. compared
with a net loss of Sl,6s4,956 in 1896.
The 1887 loss was after a charee-o7
OF s304.644 for property sold.
In the December quarter net loss
was s468,987. against net loss of
s2oS,25s IN the comparable 1896 pe.
riod.
Niagara Share Corp.
Niagara Share Corp. of Mary
land in its annual report shows net
assets as OF December 81. 1887. eouiva.
lent to s2,705 for each $1,000 deben.
ture, SCAT for each share of class A
preferred stock and sl1.l9 for each
snare OF class B common stock. Cor
responding net asset values as of De-
cember 81, 1886, were s4.l94 for each
$1,000 debenture, $1,000 for each share
OF class A preferred stock and S22 SO
for each share of class B common
stock.
Investments of the corporation and
subsidiaries at the end of 1897 had
an indicated value Of s31, ,483 ,945, COM
pared with s48,849,721 on December
81, 1896. Net operating income for
the year amounted to s1,087,54 COM
pared with sl.123,641 for 1896. Divi-
deads aggregating $1;065.4ls were paid
on the preferred and common stocks.
Michigan Steel Tube.
The Michigan Steel Tube Products
Co. for the year ended December 81,
1887, reports net income of $429.778,
after all charges, including provision
for Federal normal and undistributed
profits taxes. equivalent to s2.15 per
share on the 100000 shares of COM
mon stock outstanding. This COM
pares with net income of $373,345,
equivalent to sl86 per share, for the