Evening star. [volume] (Washington, D.C.) 1854-1972, 1941-03-13
Per Share Earnings
OF Wheeling Steel
Best Since 1929
S5,6S5,S45 Net Equal
To 1888 q Share.
Company Reports
By TIE Associated Press.

By TIE Associated Press.
NEW YORK, March Is. The
Wheeling Steel Corp. released its an
nual report late yesterday. listing a
net profit of s5,6s5,s4s on 1910
business.
After dividend payments totaling
sl,815,820 were made on per cent
accumulative preferred stock, S.
774,339 ives left applicable to COM
mon stock, which on outstanding
common stock is equivalent to ap-
proximately 1858 per share, officials
said.
The earnings were the highest per
share since 1929. Earnings in 1889
eQualed $40 per share on common
stock.
Gross sales for 1910 totaled s97,-
900, 900, compared with s87 500, 900 in
the previous year, they reported.
coca -SOia 20.
Coca-Cola Co. reported net income
for 1910 of $28, 884,752 after charges
and taxes, or s6.77 a common share,
compared with s29O30,375, or s6.81
share, in 1889.
Gross profits in 1910 totaled S64,-
871, IT'S, largest for any year in the
company's history, and compared
with $50, 1928 in 1899. Tax re-
serves were Sl2,520.000 last year,
compared with S7,343O00 in 1899,
carrying 1910 net income slightly be-
low the 1889 figure.
Eastman Kodak Co.
Eastman Kodak Co. reported con-
solidated net income for 1910, in
Guiding only net profits of the parent
firm and wholly subsidiaries
in the Western Hemisphere, of s20,-
076,7 39, or $796 a common share.
Net earnings in 1899. including
profits of all wholly owned subSid-
iaries except those located in Ger
many. we're s2l,537.577, or sS55 a
share.
The company said national defense
contracts or letters of intent cover
ing them had reached approximately
S35 900 900, profits on which have
been limited voluntarily to 10 per
cent of cost. Sales in 1910 were the
largest in history-S122, 618.828, a
gain of 95 per cent over 1889.
Reynolds Metals Co.
Reynolds Metals Co. reported for
1910 consolidated net profit after all
charges and estimated taxes of 81
428,276, equal to s210 q common
share. This compared with $685.
69l, or sl.22 share, in 1889.
Before provision for income and
excess profits taxes, net profit
amounted to s4.045, 043.
R. S Reynolds, president, said net
sales Of s29 1878 in 1910 were the
largest in the company's history.
Reviewing the years operations,
Reynolds said he believed the &C
QUESTION Of various plants and rapid
expansion Of production facilities at
others demonstrated that physical
expansion of aluminium production
and its fabrication can be accom-
plished in months, rather than
years"
Swift International.
Swift International. meat packers.
reported 1910 net profit of 14,747. 69s
Argentine pesos, equal to 9.83 pesos
share on 100000 shares of COM
mon stock. This compares with
14,8l3,9l3 pesos, or 9.87 pesos a share,
in 1899.
Earnings per share converted to
United States currency at the rate
prevailing December 81 amounted to
1888 in 1910, against 1924 in 1899
Carnation Co.
The Carnation Co. reported 1910
net earnings of S2.319,023. before
payment of preferred dividends.
compared with a profit of S2,508 O95.
also before preferred dividend pay
ments, in 1889. Last years earn
ings equaled $3.50 a share on COM
Y,1nro Stnrk