tion reserves for i
charges:

1926... cv.
(098. vives
1024. ixonis
23...
Teli
BO

Note—In 1924, res
9 months only. For 19
months beginning ADT

Dividend rate was
basis from $5 in eff
two and one-half ye
1918, raised to 5)
resumed in July, 19

Quoting a company
of the corporation’s
stability and growth
for many purposes ;
no means unrelated.
Concentric about the
1200 factory building
which at least 90,000
with 21,500 employ
Union Carbide ind
and distribute caleiu
oxygen, jointly used
ment; and separately
lamps and motor tru
ties like electrodes;
and corrosion; chem
explosives, and anti
laboratories are eng
extended uses for p
Union Carbide stock
promise to a degree i

Physical property &
of Union Pacific R.
duced $43.957.000 eaf

iq
#
iw
;
2

SECURITIES

1d the net results before such

0
N

Reserves other
than for
Depreciation
$.55
57
50
60
90

wo
nN

Combined
$9.63
8.10
6.80
6.69
5.30

2

iE

oy)
om

>
n

subsidiaries were included for first
epresents annual earnings rate in 9

NO
i

December, 1926, to current $6
il, 1924, when the $4 rate paid
sed ; the $4 rate was begun with
918, to $6 in July, 1920, and

—
0

3

‘The diversity of the activities
is an important factor in its
cts are used in many industries
yrocesses of manufacture are by

nace, over 120 separate plants,
t 260,000 electric horse-power of
80,000 in reserve undeveloped),
100 sales offices, make up the
. Principal units manufacture
nd its derivative acetylene, also
nd cutting; the necessary equipor
 lighting rural homes, miners’
tteries, dry cells, carbon specialighly
 resistant to heat, abrasion
ds used in lacquer, rayon and
ire for automobiles. Research
ering new products and new or
ts.
estment quality with speculative

—
oO

oO
0

oD
CO

oO
NY

ific R. R.

o
Jus §

0
-—q

i

at working capital on the books
ure of $808,523,000 in 1926 pro-9%
 return and securities held at

oo

3

{

1

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~~

0
0

~
be