Statistical manual

Der historische Materialismus

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Monograph

Identifikator:: 1831009897

URN:: urn:nbn:de:zbw-retromon-222160

Document type:: Monograph

Title:: Statistical manual

Place of publication:: New York

Publisher:: New York Real Estate Securities Exchange

Year of publication:: [1930]

Scope:: 123 Seiten

Digitisation:: 2022

Collection:: Economics Books

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

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Document type:: Monograph

Structure type:: Chapter

Title:: Two Park Avenue Building (New York City)

Collection:: Economics Books

STUDIES IN SECURITIES [ worth far below the excessive figures on the New Haven books, have possibilities. New York, Ontario & Western (book value $13,108,000) is paying a small occasional return, 1% in January this vear. The steamship companies are less a problem. Ending 1926 New Haven showed a $9,294,000 deficit to corporate surplus, but partly due to merger of Central New England Ry. the books in 1927 were made to balance. Road and equipment account admittedly is stated at ficures under real valuation. New Haven is not near dividends but a margin of safety over fixed charges has been re-established, a sound treasury position has been restored, critical financing has been accomplished, opera- ting efficiency obtains again, and the salvage value from a bulk of extravagantly made outside investments will be larger than seemed likely a few years ago; and it is in these factors that New Haven’s attractiveness as a low-priced non-dividend railroad spec- ulation is found. Norfolk & Western Ry. Specialization in the haul of soft coal rewards the Norfolk & West- ern Ry. with an earning capacity in 1926 more than two and a half times the 10% dividends paid. Coal traffic of the company exceeds 75% of the total and in twenty years has developed from six to forty million tons. Behind this are the cheaply mineable deposits estimated at 500 years’ supply in the West Virginia dis- trict wherein the Norfolk & Western taps the Pocahontas, Tug River, Thacker, and other fields. There are the smokeless high- volatile Pocahontas coal, which being uniquely fit for bunkering goes mostly to Hampton Roads for export, and the ordinary gas coal, which normally moves rather toward the Great Lakes and has a great future with Western industry. The 2241 miles of Nor- folk & Western lines deliver to tidewater and to the Pennsylvania R. R. System north at Hagerstown and west at Columbus and (Yneinnati. Average 287-mile freight haul, which is surpassed only on half a dozen railroads, and heavy trainloads make for a low ratio of operating expense to revenue, as follows: 1926. .........59.20% 1995. . eros ss 048 024... TRO ibe? mEq ae 1998,0us ss vn TSG 08L eB 1917 oneness 028 007 Rad (571

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