Le crisi industriali

Bibliographic data

Monograph

Identifikator:: 870114468

URN:: urn:nbn:de:zbw-retromon-49468

Document type:: Monograph

Author:: Supino, Camillo http://d-nb.info/gnd/133916456

Title:: Le crisi industriali

Place of publication:: Milano

Publisher:: Federazione italiana delle Biblioteche popolari

Year of publication:: 1914

Scope:: 1 Online-Ressource (87 Seiten)

Collection:: Economics Books

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JAS. H. OLIPHANT & CO. Its quarterly reports for just over a year now have indicated this company is earning in excess of $25 a share a year available for dividends and depreciation. This level of gross profits, the fact that the formative period may be considered past (with a decade’s experience as a guide), and the substantial plant expansion financed from profits form the basis for stockholders’ hopes that future charges for depreciation need not be so large and hence a larger proportion of net may be disbursed in dividends. The dividend rate was $4 a share from 1917 until last fall when it was increased to a $5 basis, with extras of 50 cents a share in 1918 in Liberty bonds, and $1 a year in 1924. 1925 and 1926. A level near 200 for Air Reduction stock indicates the market’s discounting process of better than a $5 dividend for this issue. Conservative management, prudent financial policy, and continu- ous expansion in operations, have placed this stock among those with possibility of split-up in the not distant future and larger income to holders. Allied Chemical & Dye Corporation Allied Chemical & Dye Corporation was six years old December 31, 1926, and its management can point to the following accomplish- ments financially since December 31, 1920: 1—Funded debt of $6,040,547 has been paid off. 2—Minority interests of $4,638,940 have been eliminated. 3—Contingent liability of $1,967,040 has disappeared. 4—Current liabilities (including taxes) have decreased to $13,557,000 from $25,624,000, or by $12,067,000. 5—Current assets have increased to $144,029,000 from $95,638,000, or by $48,391,000 (cash and marketable securities have increased to $94. 420,000 from $22,642,000, or by $71,778,000). 6—Total reserves (excluding taxes) have increased to $112,030,000 from $70,059,000, or by $41,971,000. . These major financial changes together with integration of consoli- dating properties and personnel are the outstanding six year de- velopments, with no apparent effort to ‘‘show’’ earnings. The per share earnings are set forth below, both as reported and including the increase in reserves : Earned per Share 1926..........59.80 1925. 5. . 2.20 1924. oa. 2 7.95 LO8 Sr vi na Th Increase in Reserves 31.80 2.85 2.80 R20 Total $11.60 11.05 10.05 12.70 \

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