United States Investor Volume 28, No. 1

United States Investor Volume 28, No. 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. 1917 edition. Excerpt: ...out of business last year, caused many others to reduce the size of their Issues, and caused numerous others to pare expenses In other ways. Reducing the size of a newspaper or magazine, of course, causes a proportionate reduction in the use of equipment; and abnormal paper bills naturally have the tendency to make the publisher seek to hold down expenses in other branches. He is not apt to add new machinery unless absolutely necessary. Suspension of publication leaves a lot of printing equipment Idle, and second hand machinery is generally obtained at a lower price than new, although It often serves the purpose equally well. This probably operates against the purchase of new machines. It is partly offset, probably, by a greater demand for parts which are wearing out on the older macnlnes retained. LEASING SYSTEM DISCONTINUED. At present the printing business Is rushed with work and there Is more printed matter being sent out than ever. This Is another offsetting factor to the economics introduced by newspapers. The Mergenthaler Linoytpe Company has done a big business in leasing machines, and at one time about 60 per cent of its business was of that nature. This policy, however, has been discontinued, and no machines are now going out on lease, the company having Increased its credits to customers. Suspension of the lease system means that the company Is tying up less capital In machinery, and Is free henceforth from the risk that new inventions will depreciate the value of machines already in use. In 1916 earnings on capital stock outstanding amount ed to 14.83 per cent; In 1915 It was 11.64 per cent; in 1914, 19.91 per cent; In 1913, 21.62 per cent, and In 1912, 21.40 per cent. The stock is selling around 162. We consider it aa...show more

Product details

  • Paperback | 1094 pages
  • 189 x 246 x 54mm | 1,910g
  • Rarebooksclub.com
  • United States
  • English
  • black & white illustrations
  • 1236766415
  • 9781236766410