Evening star., 1939-03-09
$11,326,360 Earned
By National Dairy
In II Months
1888 Total Compares
With Sl0,290,73l for
Preceding Year
le Associated Press.

Preceding Year
By the Associated Press.
NEW YORK, March 9.-National
Dairy Products Corp. today reported
consolidated net profit in 1888 of
$1l 1926 800, equal to s169 a share
on common stock. This compared
with Sl0,290,73l, or $1.53 a share, in
1887.
Thomas H. McInnerney, presi-
dent, stated January business was
materially better than a year ago.
Hershey Chocolate.
Hershey Chocolate Corp. and sub
sldiaries reported net profit for 1888
OF $4,126,254. equal to SALT a COM
mon share, compared with s932 100,
or S3.67 share of convertible pre-
1erred stock, in 1887. The 1888
proflt was after deducting S90Ol
inventory adjustment. while the
1897 profit was after deducting $3,-
9I4,498 inventory adjustment.
AnheuSer- Busch.
AnheuSer-BuSch, Inc. brewers,
reported net income of S5,445 1865
equal to $605 common share, for
the year ending December 81, 1888
This compared with net income of
s4,l64, 245 in 1887, equal to S23.l3 on
the 10000 shares Of old common
stock then outstanding or S4.62 a
share on the new common after
the five-for-one split early last year
st. Joseph Lead Co.
G. H. Crane, president of St
Joseph Lead Co., told stockholders
at the annual meeting that while he
does not expect boom in the
company's business this year, the
concern would probably make a
better showing than in 1898. Recall
ing that at the end of 1887 con-
sumers stocks of lead were high,
Crane pointed out at present they
are below, rather than above nor
NAL, with operations running at
about the 1886 pace.
National Steel Corp.
E. T. Weir, chairman of the Nation
al Steel Corp, in a report sent last
night to stockholders, listed net
earnings of $666l ,65l for 1895 and
asserted the s2O7 100000 organiza-
ton was in the most satisfactory
position since its formation in
1929.
Weir pointed out the concern was
the only major steel producer to
report net earnings during the de-
preston, and said working capital
December 81. 1888, of s37 ,537 ,443 was
S3.375, ,138 more than at the end of
the preceding year.
Jones & Laughlin.
Chairman H. E. Lewis of the Jones
& Laughlin Steel Corp told stock
holders the firm lost s5,879,958 in
1888 and attributed the condition
partly to price reductions in the in
dustry last summer. The loss COM
pared with net profit of S5,266,15
for the previous year. Lewis said
the loss also was due to low rate of
operations, 81 per cent of capacity
in 1888 as compared to 675 per cent
in 1887, and to elimination of basing
point differentials and creation of
additional basing points.
Eagle Picher Lead.
Eagle Picher Lead Co. and sub
reported consolidated net
loss for 1888 of s488,733 after deduc-
tions for inventory write-downs, de-
probation and other items. The
figure before these provisions was
S416, TAO, recorded as profit. It COM
pared with a net profit of 1888 .781
last year.
National Malleable.
National Malleab BILE & Steel Cart
ings Co. lost s1,39O,503 last year, the
company reported, against S1,945,7 ,722
net profit in 1897.
]. c. Penney Co.
j. G. Penney Co., national chain
store organization, today reported
February sales of S14,6l2,723. an in
crease of 81 per cent over sl3,437 1888
In February last year. Turnover in
the first two months of the year was
8.5 per cent ahead of the similar
1888 period.
DiXie-Vortex Co.
DiXie-VorteX Co. and subsidiaries
reported consolidated net profits for
1888 OF S734 1893, after all deductions,
including Federal and Canadian in
comes taxes. This was equal after
preferred dividend provisions, to
SLAP a share on the common stock
and compared with net income for
1887 of S950,521, or $2.48 a share on
the common stock.
Kimberly Clark.
Kimberly Clark Corp, and subsidi-
aries, paper manufacturers with
plants in New York and Wisconsin.
reported net income for 1888 of ST.
1894 Sal, compared with $3.50, At in
1887. The 1888 net income was, after
deductlng losses of s151 ,644, by two
subsidiaries.
Mcclellan Stores.
Mcclellan Stores Co., chain store
operators, issued a preliminary re-
port for the fiscal year ended jan
uary 81, showing net profit of $780,
'oS, equal to earnings of SO cents a
common share, compared with pre-
Vlous years net profit of $1,131,31o.
or $l.30 share.
I~e,,.- /