Evening star., 1940-03-11
Profits Of American
Home Products Corn,
Hit $4,207,426
Reserves Are Created
To Provide'for Asset
Losses Abroad

BY the Associated Press.
NEW YORK, March 11.-Ameri-
can Home Products Corp. reported
today net profits for 1899 totaled
$4.207, ,426, equal to earnings of $5.23
a share on the average number of
shares of stock outstanding during
the year.
The annual report, released by AL
vim G. Brush, chairman of the Board
of Directors, announced reserves had
been created to provide for the de-
cline OF all net current assets in
vested in foreign countries, adding
that tangible net assets in Great
Britain, France, Germany and Italy
represented approximately 1853 per
cent of the company's total tangible
net assets.
He also reported American Home
Products had acquired the entire
capital stock of Harold H. Clapp,
Inc, and assets of the Black Flag
Co. of Baltimore during the calendar
year.
Dividends paid during the year
were totaled at $2,131, 1856, or $265 a
share.
Brush said the annual stockhold-
ers meeting would be held April
II at Wilmington, Del.
American Radiator.
American Radiator g. Standard
Sanitary Corp. reported today for
1889 consolidated income of the cor
poration and United States subsid-
iaries. including income from foreign
subsidiaries, amounted to $3,712,193,
equal to "a cents common share.
In 1888 the corporation reported
deficit of $424,076.
Gross sales of the corporation and
domestic subsidiaries in 1899 reached
$10O, 900, compared with $87.-
TIT 900 in 1898.
Inventories were carried in the
balance sheet at $23,784, $40 as of
December 81, against s28, 1862 1858 at
the end of 1898.
During 1889 the corporation re-
tired s10,000,000 of AZ per cent
debentures with serial bank loans of
100000 and treasury funds.
Henry M. Reed, chairman, told
stockholders the directors had de-
cided in the interest of a conserva-
tive policy to eliminate from con-
solidated statements all foreign sub
sidiaries and to adjust the values at
which investments in and advances
to these subsidiaries are carried on
the books.
The aggregate of these items have
been reduced from $24, ,7O4, 1888 to
13,243, 900 and 100000 has beer
set aside as reserve for war con-
tingencies against these investments
and advances, Reed said.
Schenley Distillers.
Schenley Distillers Corp. reported
for 1889 net profit of s4,129 O80,
equal to $2.52 a share after all
charges and taxes. This compared
with $4,050,173 in 1898, equal to
$2.44 share.
Net sales in 1899 increased by
$3,662, 1853 to $73,867 ,529, the report
said.
Climax Molybdenum.
Climax Molybdenum Co. reported
for 1889 profit of $1O,309, ,586. equal
to S4.09 a share on the capital stock.
This compared with $7,87214l, or
$3.12 a share in 1898. The COM
pany's principal mining operations
are in Colorado.
Newmont Mining.
NeWmont Mining Corp. for the
year 1899 reported net income of
s2,243,462 after charges, equal to
$4.22 a common share, compared
with S2,422,1 los or s4.56 a common
share in 1898. The company, prin.
clpally a holding concern, also
finances and develops mining and
other enterprises and has properties
IN the Western and Southwestern
States, Canada, Northern Rhodesia
and South Africa.
Container Corp.
The consolidated net profit for
1889 of the Container Corp. of
America and subsidiary companies
was reported as $1,448, 900 after ad-
ministrative charges, interest, de-
probation provisions, bad and
doubtful accounts, local and Fed
eral taxes. This compares with $29,-
470 for 1898.
The earnings are equivalent to
$185 per share on the 781 ,253 out
standing shares of capital stock,
Walter P. Paepcke. president of the
concern, told stockholders in his an
nual report.
Consolidated net sales for 1899
were $24 4,114,815, an increase in dol