Der Wirtschaftskrieg

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Monograph

Identifikator:: 176352146X

URN:: urn:nbn:de:zbw-retromon-145495

Document type:: Monograph

Title:: Documenti ispano-genovesi dell'Archivio di Simancas

Place of publication:: Genova

Publisher:: Co' tipi del R.I. de' Sordo-Muti

Year of publication:: 1868

Scope:: 291 Seiten

Digitisation:: 2021

Collection:: Economics Books

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Document type:: Monograph

Structure type:: Chapter

Title:: Documento CXX. Il Figueroa invia all' Imperatore più minuti ragguagli circa i progetti de' Fieschi; gli notifica un colloquio tenuto con Adamo Centurione, da parte del D'Oria, sulle cose die Genova; e tocca in ultimo della ripartizione de'feudi di quei ribelli. 1547, 8 settembre

Collection:: Economics Books

STUDIES IN SECURITIES least 7% dividends since 1899 and turned $84,000,000 remaining earnings to surplus. Comparison of gross sales and net earnings of Swift in 1926 with some of the other largest American corporations follows: Sales Swill & C0... vee .-..% 950,000,000 U. 8. Steel Corp......... .. 1,508,000,000 American Tel. & Tel. Co... 823,000,000 Pennsylvania R. R....... 710,000,000 General Motors Corp....... *,058,000,000 Standard Oil Co. of N. J..- 1,283,000,000 Net $ 15,645,000 116,667,000 155,061,000 67,568,000 176,085,000 117,652,000 The place of Swift & Co. among leading industrials is further borne out by an inventory of property which includes: 30 pack- ing plants, 70 dairy plants, over 500 branch houses and sales agencies, 600 car routes with 7,000 refrigerator cars to supply fresh meats to 10,000 smaller cities and towns, and 80 foreign offices placing Swift products on sale in every civilized country. By five year stages up to 1924, and then the two years 1925 and 1926, the financial record follows: Total Dividends 1900-04... ....$ 8,398,000 1905-09... «vo 16,712,000 1910-14.......... 24,937,000 1915-19.......... 40,501,000 1920-24.......... 60,000,000 1925-26 . 24,000,000 On $150,000,000 capital stock, the earnings have been as below against 8% dividend each year: 1926... .........104% 1923... 0... 000 1925... ........10.3 B020 ry crassa 1924 . Eb 1027 1088... i vi 5.2 Net return from by-products including hides diminished from over $18 per head of cattle in 1915 and 1916 to less than $12 within ten years. Considering that Swift in 1926 slaughtered 16,970,000 animals (including sheep and hogs besides cattle) the importance of conditions in fertilizer and leather industries is clear. Funded debt and bank loans, exceeding $200,000,000 beginning 1920 when inventories were inflated, steadily declined to $86,973,- 000 as of November 6, 1926, ahead of $150,000,000 capital stock. Book value of the latter was $149 after reserves. As of November 6, 1926, current liabilities were $31,951,000 and current assets $203,969,000, of which cash was $11,026,000. With a 42-year unbroken dividend record (7% 1899-1915 and 8% and extras since) under continuous family management, Swift & [731

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