Evening star., 1940-05-09
/. I. & 7. Disc|oses
$4,894,491 Profit
During Year
Result Compares With
$6,889, ,846 Recorded :
For Previous Period
py the Associated Press

Ey the Associated Press.
NEW YORK, May 9.-The Inter-
national Telephone g. Telegraph
Corp. in its annual statement yes
terday reported 1889 consolidated
net income of $4,s94,491 equal to
rs cents a share on the capital
stock.
Net income for 1888 was $685.
846, or $l.08 a share.
The accounts Of Spanish, Ger
man and Polish subsidiaries were
not included in the earnings figures
for either year.
Sosthenes Behn, president, said
that gross earnings and net income
for the first eight months Of the
year were above the comparable
figure of 1898. But following the
outbreak OF the European war the
company's operations were affected
adversely by new taxes, rising law
material costs, exchange restrictions
and other factors.
The war, Behn asserted, has thus
far had no adverse effect on the
company's South American operat-
ing telephone properties.
American & Foreign Power.
American g. Foreign Power Co.
reported for 1889 consolidated in
come after interest and other
charges and after exchange adjust
ments of $4,668, ,O23, compared with
1896 800 in 1898.
Declines in foreign exchange rates.
an important item in the company's
finances. were responsible for drop
In gross operating revenues of ST.
265, ,202 to $58,543,446, C. e. Calder,
president, said in his report. If
calculated at exchange rates COM
parable with 1898, he said, gross
would have shown an increase of
$8,616,972. More than 90 per cent
OF the company's investments and
subsidiaries are in Latin America.
Calder said the 1910 construction
program contemplates the expendi-
ture of sloOoo,o 900. compared with
IS 500, ,908 in 1898.
McKesson e. Robbins,
A consolidated statement of in.
come and profit and loss of Nc
Kesson & Robbins, Inc, based on
present capitalization indicated 1899
earnings of $l,600.0O0 applicable to
the 1,282.98 shares of common
stock, William J. Wardall, trustee,
announced.
Net profit before debenture inter-
est of $4,281, ,470. Wardall asserted.
was more than twice the net profit
for 1898, although net sales in
creased only IA per cent.
For the first quarter this year the
net profit was placed at 1868 1876.
against $63S,565 in the previous
year.
American Hawaiian S. S.
The American Hawaiian Steam
ship Co. reported today for the
March quarter net profit of $1.130-
652, or $3.50 a capital share. The
total included $701,011 net profit in
excess Of book value from sale of
four ships. Excluding this nom
recurring profit the quarters net in
come was $429,641, or SO cents a
share. In the first quarter last
year net profit was s77,630, equal to
18 cents a share.
Radio Keith -Orpheum.
Radio-Keith- -Orpheum Corp. and
subsidiaries reported 1899 net loss
OF $228,6 after 100000 settle
ment for lease obligations but be-
fore provision for dividends of S297..
80l accrued on the Z per cent pre-
ferred stock of h-Albee-Or-
pheum Corp. In 1888 a net profit of
$1S,604 was reported.
White Rock Mineral.
White Rock Mineral Springs Co.
March quarter net profit was
$34,11 equal to cents a share of
common stock, compared with
$38 1927 or cents a share in the like
period last year.
North American Co.
North American Co. and subsidi-
aries reported March quarter net
profit Of $5,557 ,4S7, equal to 81 cents
a common share, compared with $5.-
1907, or 81 cents on common. in
the 1899 March quarter.