Evening star., 1941-02-25
Boston Edison Co.
Reveals S5,90O,14O
Profit in 1910
Result Compares With
$5,466, $50 Recorded
In Preceding Yeor
By the Associated Press.

BY the Associated Press.
BOSTON, Feb. 25.-The Boston
Edison Co. reported today an income
balance of s5,9O014o in 1910, equiva-
lent to $3.50 per share of stock
compared with s5,466,980. or $221
per share, during 1889
President Frank D. Comerford
reported gross revenues and ex-
penses both were higher than in
1899 and the income balance avail
able for dividends and surplus
larger than in any of the past five
years.
He said, however, that certain de-
ductible expenses incurred in the
refunding of bonds had made pos
sible a tax saving of S767 300, which
would not recur in future years.
Transcontinenta1& & Western.
Transcontinental & Western Air.
Inc, today reported net loss in
1910 operations of $232,455.
For 1889 the company had re-
ported net operating loss of S188,-
827, but Jacy Frye, president, dis
closed in the annual report this
had been converted into profit OF
Sl07.133 by allowance of additional
mail revenues applicable to 1889.
Sharply rising passenger rev.
enues, Frye said. were offset by
expenses incidentn to the training
of a As per cent increase in person.
mel, to the Inauguration of Strato-
liner service. and to the handling
of applications for needed feeder
routes"
Gross operating revenues for 1910
increased 80 per cent to sl1 1,572.221
but operating expenses rose 46 per
cent to sll l,509615.
Rayonier, Inc.
Rayonier, Inc, reported for the
nine months ended January 81, con-
solidated net profit of s3,03l ,953,
equal after regular dividend require
ments on the 50 cumulative pre-
ferred stock to s217 a common
share This compared with S1.425,-
1913, or so cents on common, in the
comparable period a year earlier.
Provision for Federal income and
excess profits taxes totsled $685.
279. against $281170 for Federal
income taxes year ago.
The company said the sharp in
crease in net profit. in face of the
spectacular" rise in Federal taxes,
resulted primarily from substan-
TALLY larger tonnage sales of pulp,
plus higher average pulp prices.
Rayonier makes bleached sui
phite pulp for use in manufacture
of synthetic textiles. Plants are
In Florida and Washington.
General Printing Ink.
General Printing Ink Corp. and
subsidiaries reported 1910 net profit
of s836,855, equal after Sc preferred
dividend requirements to 86 cents
a common share, against s894. 1857,
or "a cents on common. in 1889.
Plants are in New Jersey, New York,
Illinois, Massachusetts, California
and Toronto Canada
Savage Arms Corp.
Savage Arms Corp. earned net
profit of 81 028, ,401 in 1910 after
charges and all taxes, equal to s6l3
a Comman share, compared with
s349 BOT, or S2.08 a share, in 1899
Plants are in Utica. N Y. and
Chicopee Falls, Mass.
Postal Telegraph.
Postal Telegraph. Inc, reported
for 1910 consolidated net loss of 81
79l ,491 after taxes and depreciation.
Total revenues amounted to $21 ,321.-
431. Postal Telegraph. Inc, took
over on February /. 1910, the COM
panies comprising the Postal Tele-
graph Land Line System. Revenues
and expenses for January. 1910, for
the present subsidiaries of Postal
Telegraph, Inc, were included in the
12-month figures.
Union Oil Co.
Union Oil Co. of California re-
ported it made S4,606, ,790 net profit
in 1910. That was 80 cents q share
and compared with s5,846,24l, or
s125 a share, in 1899