Evening star., 1938-02-01
F. E.W.W00LW0RTH
EARNS$33,176,9l9
S. n. Kress & Co. Lists Its
Profits for Last Year
at $5,956,447.
BY the Associated Press.

0y tHe ASSOClbJe0 fHeSB.
NEW YORK, Feb. IF. w. Wool
worth Co. today reported consolidated
net income Of s33, 3,17e,So9 for the year
ended December 81, 1887, equal to
$40 per capital share.
This compares with $32,624,9S8, or
$685. q share, in 1896.
S. H. Kress & Co. Profits.
s. H. Kress g. Co., Nation wide
chain store group, today reported con-
solidated net profits for 1897 Of S.
856.447, after undistributed profits
surtax, equal to $3.50 common share
This compared with S5,852,395, OF
$3.50 q share, In 1896.
industrial Rayon Net.
The Industrial Rayon Corp. reports
net earnings Of $2e2,210 in 1897, OF
approximately 40 cents a share, COM
pared with 1851. .460, or S202 a share
on smaller amount Of stock outstand-
ing In 1886.
Hiram 8. Rivitz, president of the
company, says In his annual report
that net income in the first quarter
Of 1888 was running 80 per cent
ahead Of earnings last year when
operations were suspended at both
the Cleveland and Covington, Va
plants because of strikes.
The cost Of the strikes is placed al
$4,000 in the report and was
charged to operating expense. Mr.
Rivitz says the new sl1 100000 plant
at Painesville, Ohio. Is expected to be
completed by the end OF the year.
Standard OIL Of Indiana,
Standard Oil Co. of Indiana direc.
tors made no change in the capita
stock dividend rate. declaring the reg.
ular quarterly dividend of Is cent.
. share, payable March Is to stock.
holders of record February Is.
U. S. Playing Gard Co.
Directors of United States Playing
Card Co. announced a regular quar-
terly dividend Of 25 cents and an extra
disbursement Of 25 cents per share or
capital stock. Payment Of both divi.
dends will be made April to stock.
holders OF record March 16. Similar
distributions were made in previous
quarters throughout last year.
Quarterly Income Shares.
Today's payment Of 80 cents ne,
share to quarterly income shareholder.
OF record January Is. 1898, marked
the goth consecutive distribution made
by this investment fund in a little
more than five years of its opera.
ton. In addition to the years regu.
lar distributions there were two ex.
tras, one of 80 cents per share ir
cash and another OF 81 per share in s
per cent five-year debentures. Regu.
lar and extra distributions to dats
total sl5,S59.58l s8. or S7.35 per share
Investment in each Of the 6s securi.
ties in the funds portfolio average.
$l4.12 for each thousand dollars o.
assets, the highest IN any one com.
pany being $44.l0 and the smallest
being $1.90 per thousand dollars O,
assets.
T.. i. L. Nets $2l .5O1 ,296.
Commercial Investment Trust Corp
f1nance company. today reported com
bined net earnings for 1897 of SAL,
sol .296, equal after preference divi
dend requirements to 1886 a COM
mon share. This compared with s21,.
$4,000. or s6.07 share in 1896.
Volume OF business in 1887 wa.
largest in the corporations history
amounting to 1921 ,7O4,138, an in.
crease Of $l22,007,3 1923 over 1896.
New York Telephone Net.
New York Telephone Co., wholly
owned by American Telephone &
Telegraph Co., for the final 1893
quarter reported net income Of $685..
487, against s9,932,726 in the lik.
1896 quarter.
For the full year 1887 net incom.
was $34.4l5.352. against s36,l10,32;
in the preceding year.
The 1887 dividend payments o.
s34,584.o00 exceeded net income by
$l68,64S.