Document 10yZ45BqezOqnondM1Dp1BN4j

^ -i MOODY'S MANUAL OF INVESTMENTS________ 2879 J Jn (>U ti fi'.H <nt el) : Curr--n t I j/i Ml 11 ms. A'jr/mm..- j;i v a h lu ........ Arrni-'.l ....................... Ofhrr aivrii.'iirf .......................... Current P-si-ives .................. Enrm <1 aii 'i-liis ......................... Dec. 31. '33 343.54!) 27.592 15.578 st.rm: Total ........................................... $l,552.t38 Curr'.'iit assets ............................ CunrtH I i:i li I Ilf l<*s..................... Net niiT'-ni ..................... $1)37.415 4"3.fi2* 403,785 After S'll.TJS depredation. tM\'i'fn.si laftitahz'ri as cost nf agreeim-ni lo juivuh.is'* pre-cutty ncrujilcri fac tory land nnd tmilding. t To Bendix Aviation C<*rp. 1.Q3X accounts rerUiled by D. G. SIflter- SOh ft C.n. I''tinit HI Bendl* Home Ap|itl niton*, Inc. Rr;. vonvtrtllile debentures, tlue ID4-I: Hating--C.'wn Authorized -- JClT. .ftAn; nutstanding. $525.00(1. Datncl--Mnv 1. 193!); due May 1. 1944. Interest I'.'ilfl--MftN t at office of trus tee. Principal and interest payable In lawful money of the United .States of America. _ Trustee -- Manufacturers Trust Co., Now York. Denomination--Coupon, $1,000; regis- teruhie ;lh to principal. Callable--A a whole nr In part In nmounts of not less than $1P.urtO on the first day of any month on 30 day's noLicc at l5. Debentures may also bo pur chased nr railed for the purchase am) re demption fund. Purchase and 'Redemption Fund--On nr before May l. 1041, 1942 and 1943. com pany will pay to Trustee cash equal to 20e,c of net earnings After all faxes for calendar years 194a, 1941 and 1942. which will he applied to the purchase of de bentures nt not exceeding redemption price or, If nut so applied, to the re demption of debentures nt 1**5. Deben tures ut cost may be tendered in lieu of cash. Convertible*---Into common stock nt any time to May J, 1914. inch, on basis of 400 common shares for each $1,990 shure receives three times as much aa didiruLure. Conversion privilege Is Molr t* l against dilution. fVcurlty--A direct obligation of the company but not scoured by mortgage. Company agrees nut to ervulc any mort gage or any lien, except as provided, upon its piopcrty and assets without ratably securing the debentures. Jndentuie provides that, so long us debentures are outstanding, (a) company wit) not ineur any indebtedness maturing later than one year, except us provided and t'j) company will not pay Any dividends, <m any shures of its capital stock, unless m-t working capital thereafter Is equal to or more than of debentures out standing. The Indenture may be modi fied. except us provided, with consent of holders of a majority of debentures. each common share. Callable--A* u whole or in part on any dale on tib duy` notice at $10 per share. Voting Power--Entitled to three votes; in event the cumulative fixed dividends on class A stock are unpaid for two years, each class A share is entitled to six votes. Either clusa of stock muy vote cumulatively. Convertible--At any time (or, in event of prior redemption, at any time before date fixed for redemption) .Into common stock at rate of three common shares for each class A share. At any time to May 15. 1939 Inc!, each class A share is convertible into four common shares. Other Provisions--Without consent of holders of two-thirds of class A, com pany may nut increase authorised num ber of common shares, nor may any Purpose--Not proceeds to be Issued for shares of stock of any other class be a vo ii Is it ion of additional manufacturing authorized, nor may the property be sold f.irliitles. to repay $2(H'.0U0 outstanding or leased or otherwise disposed of as an rmii* and for general purposes. entlroty, nor may company voluntarily Tax Ktutws--Oompuny refunds personal property taxes assessed by California, i 'oiifoM-ncnt and Maryland to the extent of live mills on the dollar and by Penn sylvania to the extent of 8 mills on the dollar and income taxes assessed by Massaehusetts to the. extent of 0% of the. Infdiiio, No provision for assumption or refund nf Federal or assumption of state taxes. offerer! ($52.4.1)911) at 100 on May 22, 1939 by Burr * Co., Inc., New York. dissolve or liquidate or consolidate or merge with any other corporation, nor may any distribution to holders of.com mon stock of capital or of surplus re sulting from any statutory reduction of capita) bo made. nnr muy uny provisions hereof be modified. Has no preemptive rights with respect to unissued common stock. Dividends---No dividends paid to Dec. 31. 1938, at which date accured unpaid dividends amounted to 60 cents per share (two years dividends). Cnpita) 9trki 1. Iltmlii Mome Asl>lInn era, lac* class A stock* A uthorised--125,090 shares; outstand ing, Mar. 22, 1930, 125,000 shares; par $5. S. l!nHx Home Appliance* Inc* com mon: Authorized. 2,090,000 shares; out standing. Mar. 22, 1939.. 759.000 shares (reclassified from 750,000 class B shares Preferences--Has preference over com of par value of $0.33tt on Mar. 21. 1939); mon us to assets and cumulative fixed reserved for conversion of class A stock, dividends nt rate of $0.30 per share per 599.900 shares: nar $0.33H* entitled to annum and, after payment of the fixed one vote rcr share (see description of dividend and all Accumulated dividends, clues A stock above). Has no preemp class A ;md common stock share In any tive rights with rospect to 250,000 com Additional dividends so tlmt each class A mon shares out of 750,000 common shares share receives three times as much as unissued. each common share. In liquidation, en At Mar. 22. 19.19, Bendlx Aviation Corp. titled to $5 per share nnd dividends and, owned 299.559 common shares (3S.7?pj. after common hns received per Transfer Agent: First NrttfomU Bonk, share. class A and common stock share Jersey City. N. J. Registrars Commercial m distributions so that each class A Trust Co. of New Jersey. Jersey City. PITTSBURGH PLATE GLASS COMPANY HUtoryi Incorporated under Pennsylvania laws Nov. 3, 1920, ns .u<*<`*:ssor to a company of the same name incor porat'd Aug. 24. 1883. In Pennsylvania. In Nov., 1920, acquired the Columbia Chemical Co. and the Tatton-Pitcalrn Co. and in J.in.. 1923. purchased the foundry and machmo shop nf Yost Bros, at Creighton, Pa. Tn Jan., 1924. company purchased the holdings of Johnotta Brick ft Coal Co. at Jphnnita, Pa.: tile works end 4.000 acres of coal land* wore included hi tin* purchase. Acquired the Carbondale Calcium Co. nnd Columbia Product:* Co. in 1927 and on June 1. 1928, all stock of I iltr.lcr Color Co. which had a plant at Detroit, producing nuco-inrquers and paints. During 1929 acquired prnp^rtie* of Eastwood (linos Co. of Saginaw. Mich., and Roanoke Glu.*** Co. of Roanoke. Va., now operated as dis- .tnbutmg warehouses. On Jan. 15. 1939, company purchased the \V. J. Schoonover Glass Co., with headquarter* at Scran ton. Pa.. and warehouses nt Wilkes-Barre and Allentown, Pa., and Fticn. ,V. V. On .Inn. 28. 19.10. company took over the jobbing business of the Standard Plate Gloss Co., at Youngs town. O. In May. 1931. acquired a 51C& interest In Southern Alkfili Corp. lit Aug.. 1934. acquired the business and prop erties of Montana Glass A* Plant Co.. Butte, Mont. In 1934 Ac quired all stork nf Columbia Development Corp. In Mat.. 1937. Jointly with Corning Glass Works (see gen eral index), formed Pittsburgh Corning Corp. for the de velopment and manufacture of glass building blocks, glass tile. etc. Each parent owns 50% of the SI.000.009 capitaliza tion. Plant sitp Is located at Port Alleghany. Pa. In 1937. acquired Thresher Varnish Co. (Ohio. 1991). Number of cm* plnyoes. Mar. 31. 1939, H.G4fi.v ltniTirn: products c*f company ond subsidiaries Include plate glass (rapacity 190.090.009 an. ft.), window glass, spec tacle glass, tapestry glass, rarrnm glass, duplate (safety) glass, mirrors, pnints. varnishes, linseed oil. dry rolors. brushes, insecticides, lacquers, enamels, stains, soda-A9h. euinub: so.la. calcium chloride. raU'eno. whiting, vefraetory materials, tm:- stem-, cement and natural gas. The heavy ch.-mienN. sm-h as Mb, ash. cau.-Mr soda, calcium chloride, whiting, irennic'^ purifier, salt and detergents are sold through Columbia AlUMi t'.mp.. a wholly-owned subsidiary. I*rnp*rtyt Plurt* nf <>nipany find subsidiaries .are located as follows: Planl*. (*-*! rr I-, f on and Ford City, Pa.: Plarlc.-bui g. \v. Va M-omu Vrrpno. Ohio; fVvst*t Pity, Vo.; Ilenrvptta. Okln. and Conrerlles. Belgium. Paint Plants: Mil waukee. Wis.; Detroit. Mleh.; Newark. N. J.; Portland, Ore., and l.o* Aiind-s, Gal. Varnish and T*acquer Plants: Milw'lmk.'o, Wis.; Detroit. Midi.; Newark. Nf. J. nnd Tg>a Angeles, Cal. funsc-d Oil Plants; Red Wine. Minn., and Newark, N. J. Dry Color nruj 'nsertidde Plants: Milwaukee. Wla, Brush Than Is: Kerne, N H ; P.a Itimore. Md. Alkali Plant*' BnrHer- ton. O.: Corpus Chrlstl. Texas. Has and Pipe Tdne Properties: Ford City. Pn. Cement Plant: Zanesville. Ohio. Jobbing and Distributing \V:j rehouses l.noatcd in 7: principal cities in the United States and also retail stores selling glass, paint, etc. Company also hns coni mines at Creighton. Jrduietta and Mosgro^e. Pa (leased to others), sand <iuarr**8 at Crystal 'Hty. Mo, .'Did limestone qwarrirs at FuUonhnm, Ohio. SalMldlarleai The following1 were the subsidiaries of com pany at Dec. 31, 193?, with extent of ownerehip Indicated: Columbia Alkali Corp............... ......................................................... Columbia Development Corp......................................................... ftfoulhci'M Alkali Corp.................................................................. Southern Minerals Corp. ..................................................... Southern Pipe Dine Corp............................................ ... Ditxlcr Color Co .............................................................................. Pittsburgh Plate Glass Co. of Michigan .............................. Pittsburgh Plate Glass Co. (Tennessee) ................................. Socletc Anonyme do* Glaces de Courcelles (Belgium).. Thresher Varnish Co. .............................................................. Miscellaneous activities: American Gloss Corp....................................................................... Joseph J. Bull* Inc. ................................................................... Charleroi & Belle Vernon R.R. Co............................................. Crystal City Blilfing Co.............................................................. Gonevn Paint A Glass Co. .................................. ......................... Gurley-Comstock Corp. ................................................................ Walter D. Henne Point & Wall Paper Co............................. .. Hunter Wall Paper 6c Paint Co.................................................... Ivoroid Mixed Pnlnt Co.................................................................. H. \V. Johns Paint Mfg. Co.......................................................... Thomas V. Lackaye Paint A Glass Co............. ......................... Midland Glass & Paint Co.............................................................. Montana Glass ft Paint Co............................................................. N v11is Paints, lnr.............................................................................. 100 % 100 51 190 100 100% 100 100 100 100 100 100 100 91.76 63.13 99.35 100 ]00 100 95.45 100 100 ) |)9 Paducah Paint ft Glass Co., Jnc. .............................................. Patton Pnint Corp. .......................................................................... Rainey Stores, Inc............................................................ Rcpil Mirror Co............................................................ Sewlckley Hardware ft Point Co..,,.................................. St. Joseph Paint ft Glass Co......................................................... Sunsrt Pnlnt Corp. .................................... Texas Glass ft Pnlnt Co.................................................................. Triplex Corp............... Wesco Pnlnt ft Glass Co., Inc. ................................................... E. J. White Paint ft Glass Co., Inc............................................. J00 190 72 jno 190 ion 109 I0i) ino 100 87.5 This company is a subsidiary only because voting power hns passed hy default from the fielders of common etock to Pittsburgh Plate Glass Co-, the preferred stockholder. 1 See npp. mld Mu lenient. Mnnnrrrmrnl (RMlshurerh Plate Glass CV>.): Offleerat C. M. Brown. Chairman. >T. R TYIwrratt. Vre : TT B. Tflrrerln* TTm-h A. Galt. Tt. T.. Clause. .T. II. Heroy. F. Wr. .Tudson. E. T>. Griffin. Vice - I *rcs.: I1'. >V. Currier, Trras.: C. p. b.irub, ,<4ei\: M. C. Spnhr, Compt.: heland Hazard. Con. Counsel. Dlrrclnrs: Clarence M. Brown. Philadelidtin; J. H. IT't*oy, New York: R. R. ('lausc. R. K. Midlot , H. S. Wfiorr ! t. ff. ii. Higgins. Pittsburgh: Raymond Pllenirn. H. F. T'lfmlrn Phila delphia: Hugh A. <7.-1 It. E. T. Aspiundh. Durfaulun, O.; K. D. GrlrDn. Milwaukee. \Vt. \nnutil 'llreflng} Flint ViVihieailay In Offire: Grant Bldg.. Pittsburgh. Pa. 2880 MOODY'S MANUAL OF INVESTMENTS Comparative Consolidated Income Account, Years Ended Dee. 31 (Taken from reports to Securities and Exchange Commission) .Nut Sllu (1) ............................................. (Just ox govds sold (2).................... .. Othvr muimfuciuj ing costs........... Selling, gen. & admin, exps. (2). f !i3K $6-1,355.034 315,104.31-1 11).020,006 926,900 1937 $93,315,307 48.133.452 9,712,449 15.307.672 1936 $86,110,486 44,699,676 9.670,414 14,896.702 Operating profit .................................. intci'vl v `liviiJuniia icccivcfl .............. Uoyali!or received ...................................... i >`X rights....................... Othur Jni uiih: (3) .................................. i.'.m;{.884 770.923 326.460 l.r/M2.500 608.246 20,131.735 856.204 776.381 880.008 16.843.693 650.011 604.256 722.156 1935 $68,526,174 35,028.297 8.036.664 12.665,631 12,795.582 586.955 544.233 474.900 1934 $51,761,130 28.673.683 6.174.543 10,639.149 6.273,755 580.923 264.658 488,397 iufoinc ............ Incurne deductions (4) 8.192.016 159.445 22,644,327 74.385 18.810.116 39.628 14,401,670 684,809 7.607.728 622.581 D.-il.mcc......................................... Fed. and t<! capital stock tax. Income t.-ixe.-s Federal A state.. Surtax mi nndislr. profits............... J.033 8*0 1.543.663 22.580.942 3,793.960 468,013 18.770,588 3,185,727 263,027 13,716.861 2.318.123 6.985,147 166.525 1,054,938 Net income 1o surplus............ Ivirn. a .surplus hvgin. of year, other suiplus cn-dits (5) ... Dividend*......................................... Other surplus blunges (6) JG.fS8.S0? if 4.f 06,888 188.286 .1.770,272 $18,287,969 $41,140,663 13.928.415 1.003,829 $15,321,834 $37,198,836 435,238 11.783.121 32.124 $11,398,739 $32,098,942 177,191 6.426.070 49.966 35,763,684 329.271.356 324.117 3.104.614 165.600 Rained .-nrphi'i. <:ml of year............................................ J17.J13.307 844,408,388 341.140,863 837,198.836 832.098,942 Supplementary p & 1 data: Depreciation. dopl. A- amort. (T).................................. M iinlaimcc & repaiis (8) .......................................... Taxes. other than income............................................... U* ms ..................................................................................... /tow: il ............................................................................... Provision for h.-id debts (not).................................... (.ss*s from retire, of property.................................... $4,192,317 3.4CC.080 2.343.674 457.657 109.755 192,359 $3,839.41*1 4,239.289 2,412.060 403.383 144.861 165,120 613.932 $3,592,502 3.648.534 1.403.789 .$68,510 123.106 88,946 842.282 $3,582,100 3,928.848 682,237 322.1631 191,676 f 197.150 530.710 $3,494,658 2.795.353 820.499 461,777 270.516 ; 281.643 Pawni comp.-iny's n--l income ........................................ Equity in earns, of sub. con?*..................................... Dividends from subs, con?............................................ Krjwiiy in oarnr. of subs, not con.. (9)...................... dividends from .ubs. not cons............. .......................... 3G.U30.247 1.396.833 860,824 395,103 $17,511,665 2,552.971 2,191.984 636.351 631,750 $14,776,696 2,024,847 1.474.365 267,681 201.244 $11,226,576 1.663.073 1,691,544 (d)46,489 8,230 $5,533,606 1,094.380 (<2)116,622 a) Gross soles loss discounts, returns and allowances and Includes following sales to unconsolidated subsidiaries: 1934. ?n;i.(.(;>; $22n,uT3 ; 10:i6. $136,500; 1!*:<7. 5212,256; 1938, property. $563.595: net adjustment of marketable securities and miscellaneous investments, $489,236; miscellaneous surplus charges. $40,696; total. $1,093,829. , (7) including amortization but excluding depreciation charged (2)' Includes related portions of Items shown under "Supple* muniary 1` A* I* Data" below statement. (3) Includes equity In aggregate net earnings of non-conaolidalcd >,,i.11.-, . i...d : put:. <r,si5.r.5l ; 19::S, 531*5.103 (1031 i,<: i |.i..;Mirti .n of hisris ..j* imiwoiisvhdntt <1 Mibsullailos of to reserve for contingencies: 1934. $271,971 ; 1935. $236,015 ; 1936, ip;;:, $7,550; IMS. SG.SUJ. (S) Includes provisional charges for repairs and maintenance: 11133, *1,31*3.560: 1H3U. $1.231.Ml; 1937, $1,316,365; 1938. $1,154,* i92. Does not include nmnums charged to reserve for conlingcn* :f I l ii.i.--- on11 r.si"riiv.-l\ arc includ'd in "lm-omc dndtie- ties ;.N follow* : 10:<5. $18,315; 1936, $38,270 ; 1937. $52,113; 1938. ti.. (I) In 1034 and 1935 Includes $500,000 provision for pensions and relief to be expended in future years. See also note (3) above. ( *,, j;i and pets r-pr. net :nljuslnu-nlx of securities a n.l i/i* -f i nl>. (6) in 1937. comprised: Adjustment of foreign subsidiary's $20,390. (9) Reflected in above accounts In other Income or income deductions. ,, ^Jk- Note: (a) Operations of one foreign subsidiary In 1937 were In* eluded for only 11 months to Nov. 30 as company's fiscal year was changed. Comparative Consolidated! Balance Sheet, as of Dec. 31 < 19 i to i!i?5 fpm SRC reports--1 ".-u from companyV annual report) ArseT. >i K. S. liiv!. .*"v urili'-* (-1)................. n-.h-r .,nrlc -t.-ibh* nurtta** (5).. .Votes .*; -ir is. r*c. necr., clr. (6) 11.\ t`Ml- rb (71 .................................. 19.1* $12,125.91 7 614.813 6.912.851' 7.274.797 19.712.728 193 7 $6,256,410 3.138.585 4,940.737 6.965.104 23.890,164 1936 $7,738,864 10.261.343 4.881.427 7.74 7.706 16,528.772 1935 $10,773,608 7,993.284 2.673,981 7,175.557 16.397,569 -irrvnl ns-rts ...................... fit r. ,v :cjv. T< iiir.<me suh>. (81 M.-. ijn i--tments i *1) N..n i-ii; r* ni A nods. /n^l > I rl v ;< .iiitil (10) ................... I *. i I * *li I * ............................................ rw.-n-.-d 1-h I ................................ 16.671.1U7 li.2 12.429 1,375.1 26 r.01.978 S.9S* 083.57: 45.191.000 6.875.190 1.081.457 539.779 63.391,636 11.499 3.033.442 47.158.112 4.896.272 677,438 576.857 60.271.439 13.783 645.073 46,013.996 3.968,073 672,340 662.179 68.593.755 16.286 723,857 T r 11........... [.; il.'iili. v . \- ml : n-< :t hie N*. > ihi* 1 * vi-M-r i :l>h* ,\ - i \*->s . . f ,i v .-i |. 'cm.ils. 8M.S.1 17.136 $318,123,994 $2,486,016 183.608 6.34 8.255 1,453.746 114.438,076 $3,518,699 221.717 4.380.830 1,320.494 JIOO.6jO.f88 $3,431,630 93.500 1.071.178 2,680.573 1.784.609 1934 $7,940,962 5,540,995 2,483.573 5.682.418 13.790.036 35.43-7.984 3,921,717 2,696.140 524.633 56.863.755 18.788 662.392 $100,125,409 $1,754,268 60,000 856.766 I.J27.867) 876.765 ( 1933 $5,344,244 3.343.632 1.655.842 5,885.965 13.214.665 29 444.238 2,723.400 2.733.236 955.817 58,782.982 60,071 633,914 $95,332,667 $1,518,109 170.000 635.201 1.443.869 T. II rui-r*'nt Ji.*i t:if i* i*. 11. U n.-!-i I hM'-fil '.ilo. (Ill i .-.l I '.it**........................... I*. fi r . ill I ' 11 ~ t .n - i..i Mil., rtiv linf. .t i . i. < t (h i r .. 9.471.625 1.407,218 145.508 4.611.442 1.998.995 l.neo.non 1.506.372 5.570 53.570.825 4 I.-106.388 9.447.740 1,152.703 48.*tft 4.687.615 1.855,143 l ooo.noa 1.538.418 -6,8! 0 53.561.075 41.140.R63 9.061.489 685.947 51.840 4.746.495 1,705.685 i.oon.oon 1.634.736 6.6.1s 53.558,82.*' 37.198.836 4.875,665 433,087 36,822 5.638.620 1,649.840 600.000 1.137.346 5.227 53,547.850 32,098.942 3.667.179 247.470 5,963.5$* 1.470,685 1.158.220 34,025 53.C20.12" 29.271.366 $11 S.l 23,99-* r.t $35,710,375 ; ;n i'.*- !>: \v A >.i il !' .: 1 t . 11. !! I' I..... . . . i * i . 1- ; $8,489.1.71 889.735 3.915 32:: n - .:Mt < :.-p. ..-.t* ) x\ i: l> St.Id* In n- i (`.-mu- -.-i -ns mil .$inirtori ph.ulgeil ns unUatci'al to a note. I - :: : i : i,:: - (M i- ' r nri rl:^t. M iK'i-t N'.'ihior: 1 P2.69fi.36 I : x . ..... 1 . I . ) . :v, $7.VJ7..7.M. \ 11 V I* I4* I ' ..i i.r.iK. ' * -- -I ' i "iiinn.-vo : : lh.ixh-.l t : I* < V..., | I . In I'*' i. , i ..tid-.i. i pi'liMlh-S (91 In Pt; find fin :p/*hidd n 114.438.975 *37,710,372 $109,650,488 SJ5.932.603 IJ00.125.J09 S30.562.319 $95,332,667 $25,777,069 $6,554,145 1.232.571 3,593.891 $7,239,040 1.797,749 3.815.633 2.182.620 397.104 3,766,630 Not stated 101,342 61.937 in 1938 secured by equal face amount of Southern Alkali Corp. b<inds. (ii)) At dcprccialetl cost. Annual statement 1983 reported gross h--.r,u values. $96,074,927 ; depreciation reserves. $36,291.9-15: n.;t bnok viluc. $58,782,982. Subsequently reported (to SMC) at dl)ji:ri;iif*d vohios. with nnnunl provisions for depreciation and 'I* plot ion cM"htr<i lo asset Recounts (see changes shown below Ivil iurn .hoct). Net valties of factories nnd fncililies not in npero- ih>n were: 1933. $2,963,429; 1934, $1,462,342 ; 1935, $421,880: J:Ki,r.17; Ifi:t7. $l"<2.961 ; 1938, $5115,9,S3. Property account *'' :i. \:\:<< ^t.i-|iri-i *J Foreign suhsldinry's pi*n|n*rty. $373,879.' 1 m\- miW 'l"m<-1h- d*s1disr|ofl* land, iinxhHhig mlnMnl dA* MOODrS MANUAL OF INVESTMENTS 2881 I-1r-. >1.7 J I : In,il l.nr. r I IJ.n IX.Iil7 ; im*Hiii.r-ry & '.qulpmrnt. .'I i_:'.: i .n.-lni. ti.-h in pi nui $fxj7.3!ix ; pmpirty not us*-d in mj. i 11..n. . i.tni-r prn.41 i.i $2,"3T,I7::. n.ii.i piopiiiy H'-'. a :;;i;. (l(i Includes subscriptions under officers and employees' stork l-i.-tn < s1 ii:i .-ii.irrs it !)c*c. :ti, lf whi*-h 2".on) were available In treasury) : 39:13. $4fi,:i78; 19X4, $3.17,511; 1933, :M* : ` i I'-:: i: * :j 7. ? II. I js : ]y:<8. $97119;\ <12) Inr hides capital surplus; 1034. $3.69-1; 1935. $3.<103; 1936, J2.,v;2 ; 103.*, written off. Amounts Invested In treasury stock; ip-:. I.JT.*.: ip::ii, ; 19::7, $712,275; (13) Credited to asset accounts. Includes amounts charged to contingency reserve (note (?) to consolidated Income account). * b-mt.il .\*dvs; (hi Arcounts u.illfleij try Hawkins & Sells, <b> Ali-.\r riiiisolI*InicI Include n|| PUlwl'liuriCM whnr* huslin:*-- and opm-ntmus me diluted by Um* parent thrrtigl it.-; .n4,imxiiUi.n <ox*lutls S.mihini Alkali Tor?*., 51 own?J>. In 1 v nml IU3X. areount* of urn; foreign subsidiary Imrluih.-d as of Nm. ::ob. (n C"niing<*nl liubllilin.s at Dec. 21. 1038 from: Federal addi tional inc'iiM1 t;ix claims of $935,1/00 fur .vr-nrn 1929 tj 1932. Cnnip::n\s mm* claiming r fluids fir 1 filMi anl 1927. ........... . .. . 19:: l............. . IT:.'. . . 1 . .. IMI............ 1035............. 1936............. 1937............. J *r:*.......... . . Statistical Record, Yean Ended Dec, 31 (I'uar.s 1937 .md 1938 hnsnd on SFC rcjxiru; prior years on company's reports) Tlnlsncn for Earned Dividends per Share Number Equity per 1 Mvidi'nit* per Share Keg. Extra Price Range of Shares Com. Sh, si i r,\5.;:i i l.T::::.ir, $5.40 2.19 Jl'.OO 2.00 $1.00 :r,%- 49 59 Vi- 33 2,161,458 2,161,458 $14.29 44.48 J IT * *! .7-17 1 Ji2 1.75 42 `A- 17 2.159,995 43.S1 (d)0.03 1.00 20 %- 12 H 2.141.30S 41.17 3.!i:M.934 1.87 0.70 39%- 13 2.140.805 42.12 2.69 1.20 o.io 57%- 39 2.H1.91, 43.57 5.3$ 1.90 1.00 99%- 46% 2,J 42,353 45.S3 15.321.834 7.16 5.00 1.00 149 - 08% 2.142.443 47.74 18.287.969 K. I S s.!*u7 8.63 3.UI 6.50 3.71 M714- 77 115 Vi- 55 2.142,83$ 2.158.764 49.27 50.47 Net Curr. Aeeeta $37,515,897 33.012,474 29.171,093 27,671,977 25,777,059 30.552.319 35.952.610 37.710.372 35.T19.3T5 40,150,329 Financial and Operating Ratios : :i.,,s Uj::t ] nr, 197:7 J 93*1 193;: * 'in r. i.--* 1 -5 on: 1. Jmb. . . 7.1; 1.77 J ,!9 4.9T 8.03 f, IM-Il X' . b. iii. a - s* l.'.u 31.72 IS .72 1:vi i 37.1.1 r: in\<-nhi:-v t* inr. ;4..-l.*4 . n.-l . m . u, t- -til a s2.sn ::f>."5 36.13 38.111 44.88 3*.'J4 3 *..! r 32.7:1 sn.f.2 27.04 f '|.i -ir 1. m : ' ( inn in |< , ,v -ini'lu* lr.4r.4-vr* ifirt.nn 10d lift lOii.H'i ! 00 on 100.00 S-, 1 III! ,1)1 .. 1 % ji; ;(.9l f..2l 1.1 s 3.7.7 s-|. . j-.,-...bb- .V.K 13.40 11.11 9.1.7 9.1 1 ` : 1* - 1 > IH in *1 "f l > - . - J u3.2u 1 17.21 1 ii'.s: 111;.9.* M.C r: > .1. - t-- 1.17 T!'.0O t r. M.TO mi m. 1. t..( in a>-' l . '. 19 1:7. 18 1 ::.39 10.4(1 5.T6 ', n* 1 im t" M* l w >l t h 7.11 1 V tiff in. 18 KMii Percentage Analysis of Operations! 1938 % Cu.ls. (fnndK & nifir................. Sell.. i*in. & mini, exp............ ............. Opera tint* prr.ni ...................... ............. I'r'na'fdK. of rights. . . . 20.24 7.62 fb"-s jnnnmo ........................... ............. 12.73 linonie ddurlinns ............... ....................... 25 Ril.inrn ........................................ ............ 12.18 Cup. >ik. & lm:f'TTio tax.... ............ 2.40 Net inrnme ................................ 1937 % 62.02 16.10 21.57 2.69 24.27 .08 24.19 4.59 19.60 1936 % 63.14 17.30 19. .7 6 2.28 21.84 .07 21.80 4.00 17.73 1935 62.84 18.48 18.67 2.34 21.02 1.00 20.02 3.38 16.63 1934 * 07.83 20.55 12.12 . .. 2.58 14.70 1.20 13.49 2.36 11.14 < .-mil'll >ti*k: I. |*ltlHirj;h IMnto CIii.km t.'ii. Murk: Ant 1. if.rmihnl rnpitnl In Nov.. 192ft was $37.- i: 111"i; Mi'-r. ji... l in $r.n.''mi.nrni in .Ian,. to $i;i.mm,non <>1. 5*. IHA), niii `l.'iivlni^, fii;;*. I in; in lii-nsury. P'.a. 111. I''"';. ....... par ^2'. < .lilt nu.-il fion: ?IO0 Oil. !). 1928. four n. w <Lr- ii .-han-s i.--:nd ti cx. batipi* f.r ea.h old $1**0 par sha t 1 l -.-M'*nds i*o id on ?('<. duins- 192*' in 1928 invl., at rate of V'I ir* annum. Hivi'hnds pmd on slimes: Initial dividends of r.n rants p* i ylifi.ro fi.-11#| (i. < . | 1928: Apr. I. 1929, In m-nls. and qurirt- Oi.-s* f. r to ii..i. 1. iii-n. in< I. Do*. ;jj. in;n, 2:> nnts and OumM-rlv t h.-rr-n r*l i to .Tan 2. 1 IncJ.. April I, July 1 and t *! 1 l .*. r' ni? <v*h: .Ian 2 and Apr. 2. 17*71-1, 21 in-ntp "' >i: 11 t2 *11'| ij .i-nis; Jan. 2. 1113.1. 40 fonts: Apr. 2. . and /;ii.u tn !y therraftor to July I. ifpjc, inrl.; Ort. t. 1936. $1.50; Dec. 21. 1936. $2; Apr. 1, 1937: $1; July 1. 1937, II.CO: Aug. 20. 1937. $2: Oct. 1 and Dec. 24. 1937, $1 ciudi; Apr. l, July ! and Oct. 1. 1938, 25 cents each; Dec. 23. 1 ?<*:>?. $1; Apr. 1. 1939, 71 cents. lViid extra dividends os follows: 1920 and 1922. 5%\ 1923 to J92f.. Inrl.. Jd'r p*r annum: Feb. 15. 1927, Dtt: Dec. 31. 1929, \r' ] Apr. 2. 1931. Id cents; Aug. 15. 1935, $1. Paid special dtvt? rtimil nf $1 Apr. 1. I9::fi. 5hn. k dlvidt-nds paid: Dec.. 1920. 20%; Jan.. 1923, 30%; Dec. 1. 10%. Transfer Agents: Peoples-PIttsburgh Trust Co.. Pittsburgh; Pa.; City Hank Farmers Trust Co., New York. Registrars: Union Trust Co.. Pittsburgh.. Pa.; Guaranty Trust Co.. New York. IJated on Pittsburgh Stock Exchange; unlisted trading on New York Curb Exchange. Number of stockholders, Dec. 31. 1938. 6.720. SOUTHERN ALKALI CORPORATION f(*oiitrll4! jointly hy Pittsburgh Plate Glass Co.. (51%) and American Cysnamid Co, (40%)] History: hirorponN-d in Jw-lnware on April 20, 1931. Manu- fm-i uri-y !oijv> Jit-ini'a Is. 1'lanly. I#n-:itol in Corpus Chrtsli, T- s !>, : r. .->rv'd l.v 3 tail road ttwiik line.1*. Plant for tin* priidn-ji.-n .i' y*da nrli. f:aiiytif and ntlirr alkalis went into *I ; 11 i * * i m ilw ja'l 1 fi |; li'innl clilmitn* ftlaut snd lhr re fill'd suit i 1 :*at >p'*in*d in I93R. Salt lrin- for maniifa^luro is pijM*d f*.iu - .nipii n> - os^-n u-Hy nml naluval u.'M for pnwrr iy j 11 i v i d i j fmrn `s mar-liv P^M. lrlrot: I'.inilnl lndc .inntlv .\vnor| ( *, | f% -,n^ rospre- t j 4* i -! } l.\ 11 i 11 r:. )i I'lal** <;i.*iys Co i prrf'dincr stat<'- niHit i iHiroinrh ''"Inrnl.in h.>vi*li|iirnnt Corp., 'vholly-mvned y 111 >s i d im r x') nnr| Aim* ri.-nn ('y;i n;i iriid ('n. ( oo iron oral* Index) Knfir** i>.-iio of hr.d*: *f S-mUn'in Alkali Corp. Is also jointly ouTn-/| by >ani /-om pn n . sipniriinrii*** (xx-holl \ -oxx-rn-d) ; Son thorn ITinorals Corn, nnd Sn;: I vr'rn l *i f ./ k :nNS'.f.jj.AT':i' Imvmk A'Torvr. Vkai-s CMivp Dkc. 31 t > :.b - ................................. 1 L' ' <4 i>' - . ! ... i/*n. A- -Mini. * \p N' 1 1 tli it p 141 (11 .... V." on i.t }> i/ ................ Olh. ; in- !*. . , Cl--* iii' i:.- M r.-l ini 1 -1 .... t nb*-r ml1 1 * ..................... inf. 11 ?' 1 !.<< n rr*ti**/-..,. m of i:-' - ni-i"'i f.< ;i 1.* ,) .n. .... t , v K* <i* >1 ! f ! \ ''i ' 1:-. i- *.- f : 1 i 1 : >u - f- 1 ' . 1 . .* n. 1 - u ` ' 11 . * . : 1 Su: ;.h :'! --j-r-*; S'i h* 1 * ! ': j I-1- - nr .... V'3v Sil.vn: 191 i9::r $7,773.1 75 Ubbt $2.snn.s.t9 i.s.7i.::o:: 1.3 66.3 75 1,7 17.1.78 393.6 91 1..7.P1. 138 0 '< ' ,, 2T`-.9:i 2.12S.10( 9? * Vr 231.679 8;LM'-"i2 .1" .7 * 2 e4 T 0 : 1.11 J.7 xJ 70S 2.1.'hJ 2*1 9"'l fdlS ;:n I.IPKi 300 00a r,0il.00n 1 S.7.023 18I.9GO 13i.:.t:i 3 "3 4.4 1 2.09 < 1 li 2. .75 I I-J.217 nt.::,: ii.'js: 1.014 271 67n 7.796 1.: r: I. r., ; !'-*.7 r-n'i 54.1 41 18. IL'M l.lfifi ?j\' ::g 1 2 70 Mill' i.13 :s ?:jr. (--:7 ! u.76.7:::i 113 2f.l (d)372.nr: 'v '.ran 1" 7 ,;a r.: m. bMj.T.739 d-.ni.i.n? . mi ycv. ^,'.11; In* ' : )' TV. n * 5 3::. ,J.* . 1 . i a-rv'- \ i. f.b in . .-*n ii.n. 'a'.'.T.- ! ; (*i* : *.11 >ii. \.* ^T. 1 v`/i ; di.ppjii .p, n< : |. n Assets (Ccmt'd): riHT' iil ; c.'i.-h . 1 n 1 In hanks......... A\roiii fnuils................. AiT-nunis lorravai>k* (net) Kinislu'd rhrnilcal.s .... iCnnh* nil ........................... rMriti.-i i'ds ami supplies.. .1>**frrn-d <l,.rprs.................. 1938 365.096 1.750 401,102 146.316 503.724 171,028 81.890 1937 1.175.431 1.925 261.627 152,770 222.655 18G.651 71,766 1936 11T.470 1.750 260.010 118.124 275.461 139.262 57.072 Tula!.................................. l .ln\*)1iti*s : TCapilnl stock ....................... 1.-1 intu**. I)*nds, dii#; 19-(^. (!urr-nl 1 ,iv hillih*> ; Nnl' .*. pax\- p:i|. ^* citTII. .. An*l>, p-i.1.'--par. tV: nflil.. A'M- pav;;hi"--(Vruh; ... .\frril'"l lUlcfCst ............. Aryni'-d t:x<'*-.................... An nn d & wages. . . . lor int. i>n nntr*s pa*.'.. Jtre. Ji-r '.'Xlrmirii. maint... ('aid in surplus .................... Knim-d siirplii- .................... $12,642,941 $2,125,000 1.770.000 2.250.000 1,.506.063 03.179 216.784 20.017 116.3143 375.000 884.690 $12,610,270 $D,387.275 $2,125,000 s.ooo.noo l.oof'.onoi 2.in:i.r,sif 68,629 301.555 23,612 04.182 37.".,OOM 60.013 $125,000 5.000.000 3,550,6)9 309.532 1I9.9.*9 75.S26 15.546 7.500 04,992 375,000 ((l)2r.lj,739 T*.t:i|......................... i 'um'n L asy (- ................. Current linLllili.:? . . . ........... N* L < iirivitt ;i>- Is. .. ........... SI 2.612.9 II $1,592,310 4.371.717 (<1)2.779.::rt SI 2.510.279 $2,fM)|.16S 4.S5ri.7f.1 (rl)2.M1.r.3<i $9,337,275 $992,977 4.H71.521 (,1)3.169.144 A ft* r drprf-ciatinri ami ili*piotl..n: J938. $3.017,2U2 : UlIT, $2,- i.-j;: i*i :r., .*51.1 15. ; f 'in.-!-*-l t ln nn' wN1. at rnsl.; rrudo *J1. al inai k'.t; I,rit<iria1s and ..uppl,,v-' al li.wcr '<*f co-t nr marknt. T. ib j.i .jy*,nb*d by ni 1/a.r .slmn'a: mt'.S and 19 :7. 109.ftf0; 1936. Jii. Him. 5' I'm- f*i.in /, n i i-;n Cynrnroid (T'l'.inii'al ('"ip. M,iii,b*il Dobt: SonilM*r Alkali Cnr|>. OpkI n. f. On. due llbtfc: A ni hiirii" d. .J7.'ii'<i.rn* ciuist.'.ridlnu. J>"'\ 21. 1JJ$-1. "70.nnn f`-f xviiifh 1 :':,nnp ownf/l by fbitybnruh J*iato filoss Co. and thn l.niiiiiiY: by Arrmririiii Cyannmld Cn. I; in sinking fund, $ J'PiJIlin. No fnitlnf /b'alls avallaliU-. C'.`.y*u.r* .! 1--. u-.i *.*r\1 *i'.. if. n )' " * 1 si' Tr- n* 1 iv - -n.i Ir.v i; f n-'rt-. iM* -- n.ii mji ;. nt ? 1 e fu; or T^r.c. 31 1. I,, >11 - it:: 1 a ; /'Wi;. 3 ,J."1 I9:;r, 3c.::':fi :"d. 3.?M JRl.f-Tr I'apliai Mi*L: Soutlmrn Alkali Corp. stork t \ n l.t*ri:*..-d n.nd <>11 t.-l:in<l i nu. |9<,9nii n* par I r/t "i* idn/ )c is ovuih) hy Plltyhuu/h T'hifr Ius.- C'*- ant! tne'fl bv Aim-rh'an Cyonamld Co. ] I|x uj. nd paid pnr Ph-ir'- 1936. none-. | !r 7. M6'Ja. 19 At