Die wirtschaftlichen Beziehungen zwischen Russisch-Polen und dem Deutschen Reiche und die sich daraus für den Friedensschluss ergebenden Folgerungen

Das System der Rentengüter und seine Anwendung in Ungarn

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Monograph

Identifikator:: 1821348664

URN:: urn:nbn:de:zbw-retromon-217403

Document type:: Monograph

Title:: Die deutsche Kaliindustrie

Place of publication:: Berlin

Publisher:: E. S. Mittler & Sohn

Year of publication:: 1929

Scope:: XII, 175 Seiten; Tab

Digitisation:: 2022

Collection:: Economics Books

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Document type:: Monograph

Structure type:: Title page

Collection:: Economics Books

STUDIES IN SECURITIES pany. Adding the equities in undistributed earnings of the roads to be leased, the results would become per share: 1928. . ke... 519.70 102%... 320.70 1025... = 18.15 1907 seen 112105 LOS. a 0.75 a SE a These figures do not include the equities in 50% control of Pitts- burgh & Lake Erie R. R., 25% or more interest in Reading Co., or in considerable other property not promising much greater earn- ings contribution soon. Giving effect to leases proposed, the New York Central will be responsible for approximately $1,150,000,000 publicly held obliga- tions having a fixed charge on earnings, and $421,584,000 stock as increased by 109% subscription in 1927 becomes 27% of capital on this basis. The company proper has improved the ratio from 25% in 1920 to nearly 389% in 1927 and has remaining some $62,000,000 stock authorized for sale on occasion to replace ma- turing debt. Excluding equipment notes the maturities of New York Central, Big Four, and Michigan Central are $73,834,000 prior to 1930 and $128,356,000 in the next five years. An anchor to windward is the maturity between 1990 and 2361 of a total $502,359,000 bonds averaging only 4.018% interest rate. Under a policy of substantial financing from earnings the four lines in 1926 paid the public only 35% of the amount available for common dividends and retained $49,528,000 surplus and in the six years paid 429% and had left over $218,000,000 or $57 a share if applied to New York Central stock. Dividend record of New York Central R. R. and the predecessor company has been uninterrupted since 1870. In 1923 the 5% rate was raised to 7% and in 1927 to 8%, with which new dividend the mid-1927 offering of 10% new stock was facilitated. The shares of New York Central R. R. represent a tenth of the entire railroad business and a service indispensable to eight states with half of the country’s population producing a quarter of farm crops, half of mine products, and two-thirds of all manufactures. Under the cir- cumstances the stock at 150 level is by no means over-valued. New York, New Haven & Hartford R. R. The surplus after charges for New York, New Haven & Hartford R. R. in 1926 was $8,243,000 compared with $7,418,000 in 1925, $2,999,000 in 1924, deficit of $2,917,000 in 1923, of $4,911,000 in 1922 and $15,327,000 in 1921, the first year of private control after the period of Governmental operation and guaranty. Thanks [55]

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