CONDITIONS IN PARTICULAR INDUSTRIES. 291

TABLE 24.—Rate of profit of leading German coal-tar-dye producers, 1892-1901,
1902-1911.

Dividends in per
cent

ooncern.

1892 to
1901.

1902 to
1911.

Capital
stock
Dec. 31,
1912.1

Quoted
Dec. 4,
1913.

Million
marks.

Hochster Farbwerke. ..
Badische Anilin..........
Elberfelder Farbwerke...
Berliner Anilin (Agia)... Jr—"
Gold- und Silberscheideanstalt.
“ontinental-Caonutchoue

256 |
251
182
29
423
12

255
259
3M
ic

638
570.25
35.25
450
649
580

1 The nominal value of the capital stock of these companies furnishes no correct picture of their financial
strength. In addition to the exchange value are to be added bonds, on Dec. 31, 1912, as follows: Elber:
‘eld, 25 million; Badische Anilin, 22.23; Hochst, 7.32; Berlin Anilin, 8.22 millions At the close of 1911
"assella had a capital of 25 million marks.

According to a report of Consul General Harris, Frankfort on the
Main, May 6, 1916, the two important groups of the dyestuff and
chemical industries of Germany have recently taken in other concerns,
 so as to meet more eflectively the situation likely to arise after
the war in consequence of the movement to encourage the manufacture
 of these products in other countries, especially in the United
States and England. The plan contemplates the necessity of establishing
 manufactories in foreign countries and taking such other
measures as may be accomplished better by the industry as a unit
than by smaller groups. It isin the nature of a cartell arrangement
and leaves each concern independent, but provides for a mutual
exchange of information as to factory methods and other matters
tending to reduce the cost of manufacture and otherwise strengthen
the industry as a whole. The profits are to be divided annually
according to a scale agreed upon.
The principal concerns included in the new arrangement with the
capital stock of each are as follows:
Badische Anilin- und Sodafabrik, Ludwigshafen, capital stock,
54,000,000 marks ($12,852,000)
Farbenfabriken Friedrich Bayer &amp; Co., Leverkusen. capital stock,
54,000,000 marks ($12,852,000).
Farbwerke vorm. Meister, Lucius &amp; Briining, Héchst-am-Main,
capital stock, 54,000,000 marks ($12,852,000).
Leopold Cassella &amp; Co., Frankfort-on-Main. capital stock,
30,000,000 marks ($7,140,000).
Aktiengesellschaft fiir Anilin-Fabrikation, Berlin, capital stock,
19,800,000 marks ($4,712,400).
Chemische Fabriken vorm. Weiler ter Meer, Uerdingen-am-Rhein,
capital stock, 8,000,000 marks ($1,904,000).
Kalle &amp; Co., Biebrich-am-Rhein, capital stock, 6,000,000 marks
($1,428,000).