Evening star., 1940-02-15
CeIanese Corp. Nets
%,216,781 Profit
During 1899
TotoI Compares With
$2,479,749 Recorded
In Preceding Year.
By the Associated Press.

6y the Associated PresS.
NEW YORK, Feb. 15.-Celanese
Corp. of America reported today net
profit for 1899 of se,21e.7s1, or 1888
common share, compared with ST.
479 ,749, or 26 cents share, in 1888.
The company's directors declared
dividend Of so cents a common share.
payable April ! to holders of record
March Is, and dividend in common
stock Of share for each 40 shares of
common held, payable May / to
holders of record March IS. Similar
payments, the first on the common
since 1887, were made last December.
Celanese Corp. also announced a
participating dividend of $2.72 on the
z per cent first participating pre-
ferred, payable April to holders of
record March Is, and the regular
semiannual dividend of $3.5O on the
issue, payable June 80 to holders of
record June IA.
Owens Illinois Glass.
The Owens Illinois Glass Co. re.
ported net profit of $8,434 9l4.74 in
1888, compared with s., 1888 y804 70 in
1888. The 1889 earnings are equiv
alent to $3.17 per share as compared
to $2.O2 in 1898. There are 1861 ,2O4
shares OF stock outstanding.
Net sales, royalties and other
operating revenues of $50 ,O25 ,O92 90
were shown in 1899 as compared to
S75 LOG, 1850 in 1898. Cost of sales,
royalties paid out. development and
other operating expenses amounted
to $62,s15 ,967. Selling. general and
administrative expense, interest in
debe2turee, discounts on sales. pro-
vision for bad debts amounted to
SO ,927 ,978. Other income amounted
to $40 $50, ,439. Cash proceeds in the
year from sale of patent rights and
licenses amounted to $37,5OO and
there was provision of 81 1888 ,02437
for Federal income and capital stock
taxes.
Chain Belt Co.
Chain Belt Co. of Milwaukee, Wis,
and subsidiaries, including the Bald
win-Duckworth division, reported
1899 net profit of s936,65l, equal to
$l.92 a share on 486, ,7O5 shares of
capital stock. This compared with
$436, 1853, or S125 a share on 347,595
shares for 1898.
Columbia G. & E.
Columbia Gas & Electric Corn. in
preliminary report, announced
consolidated net income for 1889
OF $12,083 222, or As cents a COM
mon share, compared with SO 0,230,-
747, or 81 cents a share, in 1898.
The company received no divi-
dends in 1899 from its affiliate. Co.
lumbia Oil g. Gasoline Corp, in
contrast with the $750,0OO received
from that source in 1898.
Southern California Edison.
Southern California Edison Co.,
Ltd, in its preliminary report
showed for 1899 net profit of $12,-
70l, ,9l6, or $2.39 a common share,
compared with $l1,733,47s, or $2.l0
a share, in 1888.
Parke, Davis & Co.
Parke, Davis & Co. and subsidi-
aries, pharmaceutical supply max
ers, reported net profit for 1899
of 50 9,254, ,202, or $189 a share, COM
pared with $3.50, ,955, or SITS a
share, in 1898. The company's lab
oratories are at Detroit, Bridge
port, Conn; Versailles, Conn;
Shanghai; Walkerville, Canada;
Hunslow, England; Sydney, Aus
tralia; Rio de Janeiro, Buenos
Aires; Mexico City, and Havana.
SimOnds Saw & Steel.
Simonds Saw g. Steel Co. reported
consolidated net profit for 1889 of
81, ,167 ,047, or $2.35 share, compared
with 1857 ,033, or II cents share. in
1888 Plants are at Fitchburg,
Mass; Chicago, Lockport, N. Y;
Montreal and Philadelphia.
Remington Arms.
Remington Arms Co. reported net
profit for 1889 of 81, 1892 646, or IS
cents a common share, compared
with $685. ,686, or 6 cents a share, in
1898. Plants are operated at Bridge
port, Conn; lion, N. Y; Findlay,
Ohio; Brimsdown, England, and
Kings Mill, Ohio.
Belding Heminway.
Belding Heminway Co., silk and
thread makers, reported net profit
for 1889 Of $402 ,355, or "a cents a
share, compared with 1922, ,242, or 70
cents share, in 1888. Plants are
operated at Putnam, Conn.,, and
Petaluma, Calf.
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