DIAMOND MATCH COMPANY, the largest match com pany in the United States, was incorporated on December 26, 193o, under the laws of the state of Delaware, succeeding an Illinois corporation of the same name. It is engaged in the manu facture and the sale of matches, of match-making machinery, of lumber and lumber products, and of other similar products. The company holds a minority interest in the British Match Corpora tion, Limited, of Great Britain and, with that firm and several others, in the Eddy Match Company, Limited.
The properties of The Diamond Match Company and its sub sidiaries include factories in nine different states of the Union, namely : New York, Maine, Massachusetts, Ohio, Wisconsin, New Jersey, Utah, Washington and California; they include also large timber tracts in the states of Maine, Georgia, Idaho, California and Washington; 53 lumber yards owned and operated in the Sacramento valley, California, and nine in the New England states, and in addition a large card-board operating, printing and book match assembly plant at Springfield, Massachusetts.
The following figures give a comprehensive view of the exten sive financial operation of the company : the total current assets as of December 31, 1934, were $29,963,496.o6; the total assets, the net working capital, $28,156,o27.43; the net income, $2,129,896.45; surplus for the year, $529,896.45; the total surplus, $5,913,o27.17. The aggregate net income for the four years from 1931-1934, inclusive, was $8,579,732.19, making an annual average, for that four-year period, of the sum of The headquarters of the company are in the city of New York.
(T. J. R.)
