Evening star., 1940-03-11
Phelps Dodge Earns
$12,278,601 Profit
During Year
1889 Net Compares
With $8.656,S24 in
Preceding Period
BY the Associated Press.

NEW YORK, March 11.-Phelps
Dodge Corp, large domestic copper
producer and refiner, reported today
consolidated net profit for 1899 Of
$12,278,601 before mine depletion. or
$242 capital share, compared with.
$8,656,824, or $1.7l a share, in 1898.
The 1889 sales of metals, manufac-
tured products and treatment tolls
earned amounted to $75,516,67l,
compared with $s2 sos, ITO the previ-,
Gus year. e.
CrucibIe Steel Co.
Crucible Steel Co. of America re-
ported consolidated net profit for;
1889 of $2.8o3,59e, equal after an
nual dividend requirements on pre-
ferred stock to S254 common
share, compared with net loss Of
$2,237 ,026 in 1888.
F.. B. Hufnagel, chairman Of the
company, said there we're reasons
for believing the steel industry
would suffer no serious setback in
the near future. He said settlement
Of the question of dividends on the
preferred, in arrears s3725 a share
at the close of 1899, is contingent
on the general survey, a report Of
which will be made not later than
July /.
"Out of the survey" said HUFF
nagel, "is expected to come a re-
alignment of the depreciation policy,
together with other revisions both
in property values and operating
methods"
BarnsdalI Oil Co.
Barnsdall Oil Co. and subsidiaries
reported net profit for 1899 of
81, ,720, ,292, or rs cents a share, COM
pared with s2,837 1897, or SIPS q
share, in 1888.
General Transportation.
General American TRANSFORMATION
Corp. and subsidiaries reported net
income for 1889 of s3,214,043, or $3.11
common share, compared with
So ,004 1899, or $291 a share, in 1888.
The company manufactures, repairs
and leases freight and other rail.
way cars. Its plants and shops are
widespread.
Byron Jackson Co.
Byron Jackson Co., manufacturer
OF pumping machinery, reported net
profit for 1899 of S511,747, or s1.35 a
capital share, compared with s574,-.
O65, or Sl.51 share, in 1888. The
company's plants are in Los Angeles,
West Berkeley and Fresno, Calf,
and in Bethlehem, Pa. -,
Southwestern Bell.
Southwestern Bell Telephone Co.,
reporting net earnings for 1899 of
S21 ,114,888, an increase of S1,23l POT,
said its business during the year
was bettered by moderately i'm
proving" conditions in the territory
it serves.
The company's gross operating
revenues for the year totaled $92,-
897 1868, compared with $50 ,533 1886
for 1888. Total operating expenses,
however, also increased, from S57,-
$3.50 to 59,017 583, and taxes rose
nearly million dollars from SILL
889 1888 to Sl2, 1888. The net earn
ings of s21,114,888 available for in
terest and dividends compared with
$l9,833,681 the preceding year.
Air-Way Electric.
Air-Way Electric Appliance Corp.
reported s41 ,524 net profit in 1899,
against $40,655 net loss the preced-
ing year for its operations in United
States and Canada.
Stewart-W Warner. g..
The Stewart Warner Corp. and
subsidiaries reported 1889 net
profit OF $553,224, equal to As cents
a share, compared with net loss Of
s2e4,323 in 1888. Sales totaled s25,-
825,829, compared with s22 ,56l ,45e
in 1888.
William Wrigley Jr. Co.
The William Wrigley Jr. Co. re-
ported consolidated net earnings Of
s8,650,975 for 1899, equal to s4.33 a
share, compared with s7,653, ,780, or
1882 a share, in 1888.