Evening star., 1939-03-13
United Aircraft Nets
S5,426,275 Profit,
Or $2.12a Share
1888 TotoI Compares
With $3,856, 900 in
Preceding Year
BY the Associated Press.

BY the Associated Press.
NEW YORK, March 13.-United
Aircraft Corp. a leading manufac-
turing enterprise in it's field, and
subsidiaries reported for 1888 con-
solidated net profit of S5,426,275,
equal to $2l2 share on the COM
mon stock.
The 1887 profit was 1886, 900, or
$152 a share.
A recent recipient OF big foreign
orders for air equipment, the COM
pany noted it has been spending
large sums in engineering and de-
velopment in keeping pace with the
increase in the sale of its products"
It claimed to be in Favorable posi-
ton" to meet its share of any air
craft expansion demands from the
United States Government.
Year-old untitled orders were
down to ST., ASS, 1853, compared with
$23,810,231 at the close of 1887, but
it was pointed out additional Or
ders in substantial amount" have
been received this year.
Donald L. Brown, president, got
$57,490 remuneration last year, it
was disclosed in a notice of the an
nual shareholders meeting March
% accompanying the report.
Allied Chemical.
Allied Chemical & Dye Corp. for
the year 1888 reported net income
of $13,111,024 after charges equal to
S592 a common share, against S24,-
770,845, or $1l.l9 common share,
in 1887.
DiStillerS Corp.
Distillers Corp .-Seagrams, Ltd,
whisky producers, reported for the
quarter ended January 81 net profits
of S2,790,5l2 canadian currencD
equal to SLAB a share on the COM
mon stock. This compared with
profit of $2,767 ,440 or approximately
the same amount on the common
stock in the comparable quarter OF
1898.
American Stove.
American Stove Co., with plants at
Cleveland, Chicago, Harvey, Ill, and
Lorain, Ohio, reported for 1888 net
profit of s47,680, equal to 8 cents a
share on the capital stock, compared
with $l,113,154, or $2O6 a share in
1887.
Motor Products Corp.
Motor Products Corp, manufac-
turers of automobile accessories and
miscellaneous metal products, with
plants at Detroit and Walkersville,
Ontario, reported for 1888 net loss
of S6l9,718 after charges and taxes
and provision Of $120,OOO for con-
tingencies, compared with net profit
of S2,147,l31, or S5.49 a share on
391 ,254 shares in 1887.
Southwestern Bell.
Southwestern Bell Telephone Co.,
which serves Missouri, Arkansas,
Kansas, Texas and Oklahoma, re-
ported its net earnings available for
interest and dividends in 1888 were
$19,811,562. This was a decrease of
$277,739 from the 1897 total of
$2O,O99,30l.
The company had gross operating
revenues of $87,863,254, an improve
ment of $1,453,712, but the increase
was offset by operating expenses,
which rose from S55 5,67O,954 to S56,-
687,938, due principally to higher
pay rolls and mounting taxes. Dur
ing the year $35 ,l89 ,7O6 was paid out
in wages to 24,867 employees. The
1888 taxes, said to be the highest in
the companys history. totaled
S1l,722,712, compared with sl0,751,-
3e1 in 1887.
White Sewing Machine.
White Sewing Machine Corp. and
subsidiaries announced a 1888 net
income of $250,245 after charges,
equivalent to $3.50 a share on lOO,-
900 no-par shares of 81 convertible
preference stock on which unpaid
cumulative dividends December 81
amounted to $34 per share, or So
100000. Net income in 1897 was
$299 ,136. or s299 share on 81 pref
erence stock.
Chicago Rheumatic Tool.
Chicago Pneumatic Tool Co. re-
ported for 1888 consolidated net
profit Of $769,554. or 16 cents a
share on the common stock COM
pared with s1,476,S84, or s226 a
share in 1887.