Clipped From The Journal News
Niles-Bemont-Pond Directors First Meeting. Dividend Declared And Encouraging Reports Received From Officers of The Concern. A Now York dispatch says: At lie first quarterly meeting of directors of the Niles-Bement-Poud com- jany the treasurer's report was read. :t showed net earnings of the com- iany for four mouths, ended October I, to bo $881,214. A quarterly divi- Icnd oflj per cent on the preferred ,tock was declared, payable Novem- ier 29. The capital of tho company s: Preferred $3,000,000, common ;5,000,000. The company manufactures iron ind steel-working machinery, hy- Iraulic machinery^steam hammers UK! cranes and owns tho following ilants: Nilos Tool Works, at Ham- Iton, 0.; Bamont-Nilas Works, 'hiladolphia; Pond Machine Tool Vorks, 1'iainfleld, N. J., and tho 'hiladolphia Engineering .Works, 'hiladolphia. It employs 3,500 men nd all" these works arb ' running light and day to fill ordors.