Evening star. [volume] (Washington, D.C.) 1854-1972, 1941-03-11
Westinghouse Shows
S18,985,428 Earned
In Record Year
Total Compares With
$685., 365 Profit
During 1889

NEW YORK, March ll,-Westing-
house Electric 6, Manufacturing Co.
reported late yesterday 1910 was the
greatest year of expansion in its
55-year history, setting records in
sales, employment, pay rolls, incom-
ing orders and untitled orders.
Net income was Sl8.995 ,42S. equal
under participating provisions. to
$40 preferred and common share,
compared with $l3,854,365. or S5l8
for each class of stock. in 1899.
The company delivered about Sal
100000 in national defense equip
ment in 1910 as part of its net sales
billed of 1899 431 .447, an increase of
81 per cent over 1889 and more than
100000 above the previous peak
sales year of 1929.
Orders received totaled $500, ATT
724, of which about 40 per cent was
reported as orders in connection
with the national defense program"
The total was 81 per cent over 1899
and &c per cent over the previous
record year of 1929.
Backlog Up Sharply.
Untitled orders on December 81
included S156,O00, 900 for national de-
Tense and totaled S223685. 1871 an
increase OF 216 per cent over Deem
Der 81, 1889
Westinghouse employees numbered
56,503 al the close of 1910. compared
with 48487 at the beginning of the
year. They received S109, 743,04 in
pay compared with S809l6,341 in
the previous year.
A. w. Robertson. chairman. and
G.. H. Butcher, president, reported TO
the stockholders: The company
and its subsidiaries are at present
employed in numerous activities di-
rectly and indirectly contributing to
national defense.
Among the items being manu-
featured are turbines and auxiliary
equipment for marine service. in
Guiding propulsion equipment for
more than 100 naval vessels; gum
mount equipment for the United
States Navy, special radio equip
ment for Navy vessels, aircraft and |
other military use; ammunition
CompOnentS. motors and generators |
for net and submarine tenders. dis
trlbutiOn and instrument trans |
formers for shipbuilding yards, pre-
clpltrOnS (electrOStatiC air cleanerS) |
for Army and War Department APP
pllcations, X-ray equipment for the |
United States Army, turbine gen.
orators for power plants and igni-
ton rectifiers for industrial COM
panies working on defense orders. |
In view of the unprecedented |
increase in the company's business, |
which is largely due to orders for |
national defense, the thought might |
arise that profits during the COM
ing years will be high.
The business of the company /
should be good, but after meeting
taxes and ordinary and extraordi-
nary expenses profits will not be
above normal. AS a matter of fact.
unless commercial business keeps
up, some divisions may operate at
a loss"
CelOtex Corp.
CeloteX Corp. reported CONSOLE
dated earnings for the three months
ended January 81 of S456,865 before
provision for excess profits tax, or
90 cents common share, compared |
with loss of $194,865 in the like
quarter of the previous year.
American Radiator.
American Radiator & Standard |
Corp, the largest makers of plumb
ing and heating equipment in the
world, reported 1910 net profit of
ST ,349,0l1 after provision for Federal
income taxes, equal after preferred |
dividend requirements to 70 cents |
a common share. This compared |
with $3,712,193. or "a cents a COM
mon share, in 1889.
Henry M. Reed. chairman. re-
vealed in the annual report that |
after the end of 1910 the holdings
of British stockholders were sold in
the United States in a block of
about 216,000 shares.
Carrier Corp.
Carrier Corp, ir-conditioning
manufacturer of Syracuse, |
reported the largest net profit in its
history for 1940-S526, 628, or S1.34
a share COMPARED with S13 733 or