The story of Pittsburgh: Food products

Food products (Vol. 1, nr. 12)

Bibliographic data

Multivolume work

Identifikator:: 1831622599

Document type:: Multivolume work

Title:: The story of Pittsburgh

Place of publication:: Pittsburgh

Publisher:: First National Bank

Year of publication:: 1919-1930

Collection:: Economics Books

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Volume

Identifikator:: 1831623587

URN:: urn:nbn:de:zbw-retromon-241112

Document type:: Volume

Title:: Food products

Volume count:: Vol. 1, nr. 12

Place of publication:: Pittsburgh

Publisher:: First National Bank

Year of publication:: 1925

Scope:: [ca. 60] Seiten

Digitisation:: 2022

Collection:: Economics Books

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Chapter

Document type:: Multivolume work

Structure type:: Chapter

Title:: Rieck-McJunikin dairy co.

Collection:: Economics Books

Company. The Bridgeman-Russell Company is now known as the Edward E. Rieck Company, Inc., and both National Dairy Companies in New York are making “Hydrox Ice Cream” which is being heavily advertised in the metropolis with a resultant leap in popular demand for the product. May 1st saw National Dairy operating 31 plants in 23 cities and towns in the United States with an estimated ice cream gallonage of 12,000,000 annually and a distribution of many million quarts of milk daily in addition to large quan- tities of cheese, condensed milk, butter, and other dairy products. In all its expansion National Dairy has gone al ong without the need of special financing since the various properties were generally acquired through an exchange of common stock. Where needed, cash was used from the surplus earnings. This situation undoubtedly has been a factor in the steady rise of National Dairy stock from 83 in 1923 to 74, the pres- ent price. Of course, this rise in the face of a heavy market has been due largely to the fact that National Dairy is en- gaged in a basic industry whose volume of business contin- ually increases in greater ratio than population growth, re- gardless of conditions of depression or of the seasons. Even more rapid growth can be expected as more of the population comes to realize the high food value of milk products under the influence of educational agencies the country over Comparison of National Dairy earnings is hardly possible because of the constantly shifting conditions that the various acquisitions have produced. The annual report for 1924, which included operations only of the Rieck-McJunkin Dairy Company, Hydrox Corporations and their subsidiaries, the two Castles Companies and the W. E. Hoffman Company, revealed earnings at $6.10 on each share of National Dairy Products Corporation stock then outstanding. This was after making provisions for dividends for the full year on subsidiary stocks. The net worth of the Corporation as it stood on December 31, 1924 was $15,407,608.86, with good-will, trade names, and other intangibles capitalized at $1.00.

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