Salt Lake Herald-Republican | 1909-09-03 | Page 13 | Annual Report Made

ANNUAL REPORT MADE New York Sept 2 The report of the American Locomotive company for the year yeat ending Juno June JO 30 was made public to day It shows gross earnings of a decrease of as compared with the preceding year Manufacturing maintenance and administrative expendi expenditures tures were a decrease of 14 Net earnings were a de tie decrease crease of After payment of in interest terest on bonds and the dividend on the preferred stock there was a deficit of The preceding year there was wag wasa waga a surplus of The report sets forth that as a result of the extreme bus mess iness depression of 1908 the output of was the lowest oJ of any year In Inthe inthe the history President Mar Marshall Marshall shall rays pays that with full belief In future prosperity contracts have Ive been made for forext ext m