Evening star., 1938-01-28
$1,@,599 PROFIT
FOR RWARNER BROS,
Baldwin Locomotive Gives
Semi-AnnuaI Dividend
of $1.05 a Share.
By the Associated Press,


NEW YORK. Jan. 28.-Warner
Brothers, pictures and subsidiaries, re-
ported for 13 weeks ended November
q net operating profit of 81 ,685, 500
after all charges. but before providing
Tor Federal surtaxes, compared with
$2,047,936 in the same period of 1885.
Baldwin Locomotive.
Directors of the Baldwin Locomotive
Works voted to pay coupons due March
l on the company's refunding mort
gage bonds, 6 per cent convertible
series due 1850, in preferred stock of
the company instead of in cash.
For each $50 coupon on the S6.47o..
600 principal amount of these bonds
issued and reserved for issuance pur-
suant to the company's plan of re-
organization. one share of 7 per cent
cumulative $50. Par value preferred
stock will be issued Dividends on this
stock viii! accumulate from March l.
1888. -
Inc directors also declared the first
regular semi-annual dividend of Sl05
per share on the 38824.4 shares of 2
per cent cumulative $50 par value
preferred stock, payable March to
holders OF record Saturday, February
49, ana to persons receiving the pre-
1erred stock in exchange for the bond
coupons at the time of exchange.
Sun Oil Co. Income.
Inc sun OH Co. reported today a
net income of s9,544,085 for 1887 AZ
compared with 1896 net income of
S7,563,554.
TIE 1887 net income represents SALT
per snare on common stock outstand-
ing December Is. 1887, prior to the
distribution of an 8 per cent divi-
dend
Sales. excluding intercompany
transactions totaled sl33,3O 900, as
against sl05,50o0OO for 1886. the
company reported. 1t said it paid
S5,l55,O0 DIN taxes in 1887, as COM
pared with s4,304,0OO in 1886, and COL
lected $50, ,228,000 of gasoline and other
excise taxes for Federal and State
governments during the last year.
racine Lighting Income.
Preliminary report of Pacific Light
ing Corp. and subsidiaries for the year
ended December 81, 1887, before final
audit. shows net income equivalent to
S4l0 share on the outstanding COM
mon stock after estimated provision
for Federal income and undistributed
earnings taxes applicable to opera
tions. This compares with 1888 a
share for the year ended December 81.
1886.
Gross operating revenues for the
year 1887 totaled s47,90O.777, of which
sl,2lS,S07, or 26 per cent, was derived
from the electric division. Gross gas
operating revenues of s46,68l.970 for
1887 compare with s4l,724,2Oo for the
previous year, an increase of S4,957,-
ITO, or l1.9 per cent.
General Cigar Co. Net.
General Cigar Co. reported today
for 1887 net income of sl.673,o3O,
equal to s2.79 common share. COM
pared with sl,8O2,657, or s3O7 in
1885, The company has Nation wide
manufacturing and distributing IA
cilities.
McCrory Stores Profit.
McCrory Stores Corp, one of the
leading chain systems, reported for
1887 net profit of s2,168,620, equal to
Sl.89 share on the common. COM
pared with s2.436,168, or s215 a COM
mon share, in 1886.
Hollinger Consolidated.
Hollinger Consolidated Gold Mines.
a Canadian producer. estimated 1887
net profit at s5.l87.48l before surplus
adjustments, equal to slO5 share on
the capital stock, compared with S.
798,743, or s1.l7 share, in 1896.