Commercial and Financial Chronicle Volume 85, PT. 1

Commercial and Financial Chronicle Volume 85, PT. 1

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This historic book may have numerous typos and missing text. Purchasers can usually download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1907 edition. Excerpt: ...Red Bluff Electric Light A Gas Co., eto k, 26.000; construction, 10.176--V. 82. p. 1383. The Mar s den Company, Philadelphia. (Report for Fiscal Year ending Dec. 31 1906.) President A. G.Winter, in his report presented to the stockholders at their meeting held in February last, said in substance: During the year 1905 very little business was done In cellulose, and almost our entire Income was derived from dividends on our holdings In du Pont stork and profit In the retirement of Marsden preferred stock for du Pont preferred. The total Income from thce sources was 77,738. against which were charged operating expenses of 29,845 and 11.679 In old cornstalks, useless supplies and machinery, leaving a net earning of 36.214, which amount was added to surplus account. During the year 1906 our gross Income was 63.006 and the operatlne expenses 28.612. or a gros profit of 34.394. Of this 12.000 Is charged off this year as a result of the sale of 120.000 5% du Pont bonds carried on the books at psr, and from the sale of which we realized 108,000, having sold at 90. leaving a net profit of 22.394. No Marsden preferred having been exchanged, no profit from this source was realized, whereas last year over 18,000 was so made and Included In the gross earnings. During 1906 no cellulose has been sold or manufactured, but a recent contract made, calling for 18.500 worth, will shortly be filled. The cellulose business, however. Is not dead, as some might suppose. The United State Government specifies Its use when building new warships, and whatever amount Is used we will furnish, our cellulose machinen-at wen boro being In readiness for operattf..."
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Product details

  • Paperback | 1066 pages
  • 189 x 246 x 53mm | 1,860g
  • United States
  • English
  • black & white illustrations
  • 1236932838
  • 9781236932839