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 equip- 
or lighting rural homes, miners’ 
tteries, dry cells, carbon special- 
ighly 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 
>» 
~~ 
0 
0 
~ 
be