Show i I I I 1 I I I I I I I BIG EARNINGS MADE BY AMERICAN Ail WOOLEN Tr Xe New York April 27 Net Net ct profits of ot the he American Woolen company for 1919 amounted tI to Hi less reserves eM for or taxes and antI contingencies according to the annual report issued today Payment of ot dividends i on of or preferred stock and on common and depreciation of or left a balance of at profit proUt for Cor the year of 80 r. r Surplus for 1919 amounted to 12 O wh which ch added to that of 1918 the thc total surplus sUrIlus to 1754 26 6 Reviewing Reviewing- the activities of or the tho compan company com corn pan pany for 01 1919 President William W. W Wood 00 1 sai said in n part The year 1919 has been a successful one conNi considering the ver very unusual and dIsturbed con conditions and the readjustIng readjust- readjust In Ing ng of ot industry to a a. prewar or a a. civilIan civil cl Ian an basis At Al the first of the year ear the cancellation of or go government contracts with no civilian cl orders In sis sight left loft a u. grea t deal of our machinery i Idle lc One of the features of ot tho the year has been heen the demand for refined wool and cloth made of or fine stock This ced demand ernan for fine wools has re reI result re- re sult 1 in tremendous increases in prices of fine stock Since February 1919 prices of 01 these wools have risen 30 per pcr cent to 10 40 per tier cent and at the close t of oC the year car were still slin In big ing Referring to the foreign n business of or orthe the com company pan Mr fr Wood sal said its export export ex ex- port a agency enc and subsidiary had maintained maintained main main- tamed branch offices in Argentina Brazil iI Chile Colombia Peru Cuba Mexico an and lh the countries of ot northern Europe as well as at in Fn England land France I B Belgium l luru Spain the Philippines and South Africa I These earnings s h by the tho company compan show that for the year Clr ending December 31 31 1919 1913 the surplus after all charges cs and the tho r federal tax lax of J had been paid paM was equal to a dividend en of 39 a share on the of or outstanding ing common stock tock against l. l tho the earnings of 7 or 1356 on the tIre common stock in 1918 1915 I |