Evening star., 1940-02-15
American Can Co.
Reports 1899 Net
$1S,2S4,964
Libbey-O -Owens-Ford
Income Shows Sharp
Rise for Year
By the Associated Press.

By the Associated Press.
NEW YORK, Feb. 15.-American
Can Co. yesterday reported 1889 net
income of sls,2S4, ,964, or e22 a COM
mon share, after preferred require
ments and provision of sl,019,72l
for Canadian foreign exchange ad-
justment. This compared with $l3,-
GAS. 900, or $4.35 q common share, in
1898.
Cash on hand at the year end
increased $6,l49,887, and inventories
were 50, ,131, ,404 higher than Decem-
ber 81. 1898.
H. A. Banker, president, said next
years packing seasons schedules
might be slightly higher than actual
packing in 1899.
Continental Can.
Continental Can Co., for the year
1889, reported net income Of $685.
786 after charges, equal after pre-
ferred dividend requirements to
t2.7l a common share, compared with
$7,10l 1913 or $2.17 common share
in 1898.
Texas Gulf Sulphur.
Texas Gulf Sulphur Co. for the
year 1889 reported net income of
$7,847,483 after charges, equal to
$204 a common share, compared
with $6,963,633 or $1.81 a common
share in 1888.
Libbey Owens Ford.
Libbey- -Owens-Ford Glass Co.,
Toledo, reported for 1899 net income
of $8O62 ,753, equal to 1921 a share
on the capital stock. This compared
with 1890, ,460, or s157 a share, in
1898.
In the final quarter Of the year
earnings Of $4,160,237 equal to s1.66
share, were the largest fourth
quarter in it's history and compared
with $3,501, ,755, or 81. 40 a share.
John D. Biggers, president, said
in his report to stockholders the
European war had exerted little in
fluence on the company's business
In relation to its total activity.
He reported net additions to. re-
serves set up for plant improve
ment and replacement in 1889 to-
tailed 1887 ,002, bringing the amount
set aside for further developments
to $10,694,213.
Western Auto Supply Co.
Western Auto Supply Co. mis-
sourD yesterday reported for 1899
net profit of $3169 ,904, equal to
$4.22 a share on the common stock,
compared with $2,087, $40, or $277 a
share, in 1888.
1t was announced with the earn
, ings that directors had voted a
dividend of so cents a share on the
common, payable March / to stock
Of record February 10. During
1899 the company paid a total of
$1.80 share. The company has q
Nationwide chain of stores.
Upgrade Sylvania Corp
Upgrade Sylvania Corp, manu-
facturers of electrical products at
plants in Massachusetts, and Penn
sylvania. reported for 1899 net
profit of $856,807, equal to $352 q
common share, compared with $685.
691, or SLAB share, in 1888. 49,
Atlantic Gulf e. West Indies.
Atlantic Gulf & West Indies
Steamship Lines reported for 1899
net loss of $440,854, compared with
net loss of $842, ,055 in 1898.
M. A. Hanna Co.
CLEVELAND, Feb. Is (R.-The
M. A. Hanna Co., iron ore, coal and
vessel operators, reported yesterday
net profit of s1,904, ,316 for 1899 after
all charges, compared with $799, ,507
for 1898.
This is equal to $1.23 per share
on 1,0l6,961 common shares after
preferred dividends, compared with
Is cents for 1898. -
Consolidated income was $2,837,-
6O7, exclusive of securities transac-
tions. Dividends paid for 1899 were
S. per share on preferred stock and
75s cents per share on common,
leaving balance of $518,325 added
to surplus.
The company's statement said
with iron ore consumption proceed
ing at a good rate, stocks on hand
at the opening of the coming navi-
cation season will be considerably
lower than the year before and the
season should start well.