Studies in securities

Bibliographic data

Monograph

Identifikator:: 1757542078

URN:: urn:nbn:de:zbw-retromon-134903

Document type:: Monograph

Title:: Studies in securities

Edition:: Revised

Place of publication:: New York

Publisher:: Jas. J. Oliphant & Co.

Year of publication:: 1927

Scope:: 81 S.

Digitisation:: 2021

Collection:: Economics Books

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

Chapter

Document type:: Monograph

Structure type:: Chapter

Title:: Allied Chemical & Dye Corporation

Collection:: Economics Books

JAS. H. OLIPHANT & CO. earlier when a dollar was a dollar. With this understanding the plants were given a net value of $93,261,000 in 1920. Today the plants, increased by $23,759,000 additions in the past six years, are carried net at $71,524,000, actually $21,737,000 less than the figure of 1920. This speaks well for the integrity of the plant book values. It is thus evident the asset value of $69.50 a share for Allied Chemical common stock may be taken as most conservative. Miscellaneous reserves ficure $9 a share on the common stock. Those interested in Allied Chemical believe that the industries this company represents are capable of important expansion in coming years and this lends the speculative feature to its common stock. The constituent companies are as follows: General Chemical Co., heavy acids; Barrett Co., coal tar products; Solvay Process Co., alkalis; Semet-Solvay Co., coke and by-products; and National Aniline & Chemical Co., dyestuffs. The trite phrase, ‘‘the surface has been barely seratched,’’ is believed to apply to the various fields of industry here represented; as witness the company’s recently announced plan for construction of a large plant for the fixation of atmospheric nitrogen. The constituent companies in the first half of 1920 (admittedly a boom period) earned $22,382,000 before depreciation and taxes, and this shows the possibilities of earning power inherent in the properties under favorable trade conditions. The next phase of Allied Chemical’s development could well be a ‘‘blossoming forth’” of earning power, which with its already impregnable treasury position would inevitably mean larger disbursements to stockholders, the $6 basis (increased from $4 which had prevailed since 1921) merely fulfilling the expectation of the original terms of merger. The common stock of Allied Chemical & Dye Corpora- tion represents a sound equity in a permanent basie industry. Allis Chalmers Manufacturing Co. Allis Chalmers Manufacturing Co. since reorganization in 1913 has shown steady progress financially and commercially until today its common stock is a sound $6 dividend payer with $9-$10 a share annual earning power, in 1927 improved by the retire- ment of $16,500,000 7% preferred stock through issue of $15,- 000,000 5% debenture bonds (saving amounting to $1.66 a share on the common). With a complete line of sawmill and flour-mill equipment (flour milling business of Nordyke & Marmon, its chief competitor, absorbed last year), erushing and compressing machinery, electrical [121

Access restriction

Copyright

fullscreen: Studies in securities

Monograph

Chapter

Table of contents

Download

Monograph

Chapter

This page

Image fragment

Citation links

Citation recommendation