Evening star., 1940-03-28
Inland Steel Shows
$10,931,016 Profit
For Year
Result Contrasts With
$4,916,203 Earned
During 1888

BY the Associated PreSS.
NEW YORK, March 28.-Inland
Steel Co. reported to stockholders
that consolidated net income for
1899 totaled $1O,93l,O1 equal to
$6.73 share on 1924, ,265 shares of
capital stock outstanding.
This compared with $49l6,2O3, or
$3l2 share on 1,577,0O5 shares in
1888. In its preliminary report
earlier this year the company had
placed 1889 net earnings at $10,-
947,251.
Net sales for the year aggregated
Sl15.346,665 compared with $74,-
058,923 for 1888.
United Gas Improvement.
The United Gas Improvement Co.
Of Philadelphia announced earnings
of Sl.07 per share for it's common
stock in 1885, as compared with 80
cents per share in 1893.
The company's annual report
listed operating revenues of utility
subsidiaries totaling sl12.40l ,349. an
increas" OF $4960, ,4O6 over 1888. The
gain was credited principally to in
creased use of electricity. which pro-
duced over n per cent of the total
operating revenues.
Borg Warner Corp.
Borg Warner Corp. reported for
1889 consolidated net profit of S.
683,o01, equal to $2.43 a share on
outstanding common stock. This
compared with a loss of $l9,966 in
1888 and net profit of sS,348,O89, or
1888 a common share, in 1887.
G. S. Davis, president, said sales
in 1889 totaled 1923 per cent of
the 1887 dollar volume. which was
the company's peak year, while net
income last year was 68 per cent
Of the 1887 net.
Total dividends paid last year
amounted to S135 a share, or So
145 800. No regular quarterly divi-
dends were paid in 1888, but a spe-
cial of IS cents was paid December
IS that year.
Omnibus Corp.
The Omnibus Corp. reported net
income of $1,572,318 for 1899, equal
after preferred dividend require
ments to S172 share of common
stock. This compared with $l,623.-
1856, or $1,S0 common share, in
1898.
John A. Ritchie. chairman of the
Board of Directors, said that the
FChicago Motor Coach Co., Fifth Ave-
nue. Coach Co. and the New York
City Omnibus Corp. principal op-
Grating subsidiaries of the corpora
ton. carried 370.698.251 passengers
during the year, an increase of 22,-
343 800, or Gal pc rcent, over 1898.
Associated Dry Goods.
Associated Dry Goods Corp. re-
ported the best earnings since 1890
in statement for the fiscal year
ended February 3 showing net in
come Of $20l6,567, equal to sl.38 a
common share after full dividend
requirements on the first and second
preferred stock. This compared with
s787 1864 in the preceding fiscal year,
an amount slightly insufficient to
cover dividend requirements on the
first preferred stock.
Hudson Bay Mining.
Hudson Bay Mining e. Smelling
Co., Ltd. reported 1899 consolidated
net income of $5,249,914 or $l.9O
share, compared with s4,435, ,432, or
$161 a share, for the previous year.
During the latter part of the year,
R. H. Charming, president. said,
tonnage of ore milled increased by
500 tons per day, and the company's
production of copper and zinc, after
allowance for domestic requirements,
has been contracted for by the Brit
ish Ministry of Supply substantially
at prices prevailing at the outbreak
of war.
Union Carbide.
Union Carbide & Carbon Corp.
had net income in 1889 of $35 5,847.-
400 after all charges, equal to $3.50
a share on the capital stock. This