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Show j Baldwin Locomotive Works RepGils Profits i i j PHILADELPHIA. Feb 17. The an-j Inual report of the Baldwin Locomo-j Locomo-j live Works for 1919 made public last i night showed gross sales of $S-l,307,77fI and a net profit of $5,776,243. After allowing for dividends on the pre-j pre-j ferrcd stock the net profit reported 'reported 21. S per cent earned on the common shars. I 1 Compared with 1918, tho largest year) in point of sales in the company's his-1 ! tory, gross sales last year decreased ; $38,S00.00'0 and profits approximately: $9,500,000 I I In his report, Samuel II. Vauclain, I president of the concern, said the cur-1 jtailment of domestic business, as was .anticipated, has continued and the for-i eign market has been the chief source ; 'of orders. He said the company Is' free of debt other than its first mortgage mort-gage bonds, $1,1098,000 of which have been paid into the sinking fund, leav- j ing outstanding in the hands of the i i public $8,902,000. |