Evening star., 1940-03-14
International Nickel
Profits Climb 10
$36,847,4m
1889 Net Compares
With So, ,399. .A70
In Preceding Year
By the Associated Press.

BY the Associated Press.
NEW YORK, March 1.-THE In
ternational Nickel Co., Of Canada
Ltd, and subsidiaries reported 1888
net profit of $36,s47 ,466, equal after
preferred requirements to $3.50 per
outstanding common share, COM
pared with $s2, ,3ss, ,470 or $500 q
share for the previous year (all fig-
ures in United States dollars).
Robert c. Stanley, chairman and
president, told stockholders the COM
pany was fully cooperating with the
British government, supplying all
nickel, copper and platinum metals
as required, and has in return, re-
ceived cooperation in receiving
control permits for consumers.
THE company's mines and works
were operated continuously (since
the outbreak of war; at or near ca
pacity," he said.
World consumption of nickel for
the year reached new peak of 1885,
600, 900 pounds Stanley declared.
The company's balance sheet
showed working capital at the year
end totaling s66,5l9,563, compared
with the previous .year-end figure
of $63, ,749,7l7. Inventories decreased
somewhat in the same period.
Carnation Co.
E. H. Stuart, president, reported
to stockholders of the Carnation Co.
the company's 1899 net earnings
amounted to $2,508,095, compared
with profit of 81 ,986. 1926 the preced-
ing year. This was equal to $3.50 a
share on common stock, compared
with $292 in 1888. Current assets
totaled $14 1862, 1916, while current liza
bilities were S4,ll0.908. Cash on
hand amounted to $l,857,247.
Artloom Corp.
ArtloOm Corp. reported a net in
come of $248,907 for 1880, compared
with net loss of $96,928 in 1898.
Per share earnings on common stock
amounted to $l09 after preferred
dividends were deducted. President
A S. Mitchell said 1899 sales totaled
S4,976, ,638, a Isl per cent increase
over 1898.
American Locomotive.
The American Locomotive Co. re-
ported 1889 net loss of $3.50, ,376,
compared with $1,302,l94 in 1898.
while at present there is a tempo
rary slackening in business" VI c.
Dickerman, president, said, there
are many possibilities indicating
that 1910 may be a more active
and profitable year for this COM
pany than the one just closed.
Untitled orders at the close of last
year were $12,800000, compared
with $6,70o,000 year previous.
The 1889 earnings reflected a new
system of calculating depreciation
and amortization. which increased
by approximately $250,000 charges
for this purpose, as compared with
the previous policy.
SlOss- Sheffield Steel.
Sloss- Sheffield Steel e. Iron Co
of Birmingham reported 1889 net
income of $943,178 after deprecia-
ton, depletion, Federal income
taxes, etc. This was equal to $6.01
a share Of common stock after divi-
dends on the s6 preferred and COM
pared with net profit of $3.50, ,645
or $231 a common share in 1899
Gillette Safety Razor.
Gillette Safety Razor Co. and
subsidiaries reported net income
of s3,2s4,797 for 1899 after de-
probation, interest, Federal income
taxes, etc., equal to 80 cents q
share Of common stock after divi-
dends of IS a share on the pre-
ferred. In 1898 comparable net
income was $2,941, 800, or 70 cents
share on the common.
Waialua Agricultural.
Waialua Agricultural Co., Ha-
waiian sugar firm, reports SCOT ,481
net profit for 1889, against $7l6,982
in 1898, or $149 a share, against
S1,18.