Annual report of the Electric Storage Battery Company

THE ANNUAL REPORT OP THE ELECTRIC

STORAGE BATTERY COMPANY.

The enormous increase of the business of the Electric Storage Battery Company is shown in the annual report of President Rice, recently issued. The sales during the year 1898 amounted to $1,340,968, as against $1,026,926 for the preceding year. For the first five months of 1899 the sales amounted to $1,360,561, as against $314,499 for the same period in 1898.

The treasury resources of the company, after providing tor all bonded and floating indebtedness, are given as $10,218,374. The report states that the company owns 5/12 of the automobile business formerly controlled by the Electric Vehicle Company and the Columbia Automobile Company, which have consolidated under the name of the Columbia and Electric Vehicle Company. The Electric Storage Battery Company is also closely associated with the Illinois Electric Vehicle Transportation Company, which has bought the Siemens & Halske electric plant in Chicago. This plant will be devoted to the manufacture of electric vehicles.