Rapport sur les niveaux de vie des ouvriers dans différents pays

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Monograph

Identifikator:: 1755732333

URN:: urn:nbn:de:zbw-retromon-137085

Document type:: Monograph

Title:: Rapport sur les niveaux de vie des ouvriers dans différents pays

Place of publication:: [Genf]

Publisher:: [Verlag nicht ermittelbar]

Year of publication:: 1926

Scope:: 22, 22 Seiten; Taf.

Digitisation:: 2021

Collection:: Economics Books

Usage license:: Get license information via the feedback formular.

Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: I. Les salaires-or

Collection:: Economics Books

JAS. H. OLIPHANT & CO. Co. stock has the confidence of 47,000 stockholders and affords liberal investment return. Union Carbide & Carbon Corporation Acquaintance with Union Carbide & Carbon Corp. scarcely began until four years after organization when in 1921 a financial statement was first made public. In 1926 the New York Stock Exchange listing (in March) advanced the enterprise well upon the way to general familiarity. As to its importance, the market valuation exceeds $300,000,000 and 10-millions square footage of plant space compares with 25- millions in General Electric Co. plants. Start of the company was with solid background since 1917 formation was the merger (no stock fees for promotion or services) of the leading makers of carbon products and of calcium carbide, established 1876 and 1898 respectively; the former business, how- ever, has grown and changed in novel ways. Development prior to 1921 was evidenced by sale at 40 of 762,338 shares providing $30,493,520 cash and issuance of 80,844 more for properties, from organization 42% addition to original share capital; since 1921—in the five years for which full record is available—there were further added $42,000,000 (approximate owing to changed accounting) to gross plant values and $10,- 306,000 to net liquid assets, a 32% aggregate increase, while this time capitalization was enlarged only by $5,435,000 bonds, mort- gages and preferred stocks of constituent companies. Ending 1926, the net value of plants (on 1921 appraisal basis, $158,054,000, less $27,654,000 depreciation) and other fixed assets, deducting $13,635,650 subsidiaries’ bonds and mortgages and $6,350,000 subsidiaries’ preferred stock, was equivalent to $46 per share for 2,659,733 mno-par shares of Union Carbide stock, and liquid assets net were $19 additional, making $65 share equity. Intangibles have disappeared from the balance sheet, $36,056,000 valuation for patents, trade-marks, power leaseholds, undeveloped water power, etc., shown at the 1924 year-end, being stricken from assets in 1925. Charging surplus $29,424,000 to accomplish this indicated that about $6,600,000 already had been accumulated from earnings as reserve for amortization. Following is the record of earnings per share, together with the equivalents of deductions believed mostly to represent amortiza- [74]

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