Document 6wGMrkLbe7qm7wVE23QRRdpeg
MOODY'S
INDUSTRIAL MANUAL
AMERICAN and FOREIGN
JOHN SHERMAN PORTER, Editor-in^hief
Editorial Board
Charles N. Berknts Arthur W. Herrmann David M. Day Frank J. Prendercast
Frank J. St. Clair George I. Blau David M. Elunwood George H. Parsons
1955
D. B. McCrdden, Publisher
MOODY'S INVESTORS SERVICE
99 CHURCH STREET, NEW YORK 7, N. Y.
PHILADELPHIA 1411 Walaat SL
DOCTOR 75 Federal St
CHICAGO
LOS AMCUXS
105 W. Aduw St. 606 So. HOI SL
WASH1MCTOH SAM rSAHClSCO
Woodward Bide.
Kom Bids.
LONDON: MOODY'S INVESTORS SERVICE LTD.
Copyright, 1955--Mooori Irvutou Scmvice, New Youc--AU right* pmcpmA
SC-ELEC-02411
ie. 31, L_, ostaUiiMigf]
Aiai
300.9091 09 ; aeriallyj
ixn.limne. *ri
ire I9J
shares:
\1.sat.
i-a' (omii!
IT] or. M :1 -* 3V :9i 0.3
itolt 1 -*/-<
udurf 1
Tu aH
MOODY'S INDUSTRIAL MANUAL
741
tf Mar. 31: 1954 549.018 340.745 113.355
1.032.247 S1.6C0.D65
a.oif.tGs 1.914.533 1.000,912
Liabilities:
' 1953 Accounts payable.
$131,837 Debt due
--
426.612 Tax reserve --------
1.455,203
S2.30^.r,34 2.42S.S65 1,076.655 1.350.210
Total current. Notes payabie-----Pension, reserve . Rea* for canting-- Cap- stocie (S2.50). Earned surplus ..
$335,0*2 60.000
337*77
S732.299 200.000 133.300 373.000
1.000.000 3*357.224
fgReels. etc, defer.
314.145
355.068
$400,161 Cam. stock ($51 ...
24S.S60
248.560
60.000 Initial surplus
I33.:t58
133.358
435.197 Patd-lrv surplus ...
223.040
223.040
Earned surplus 5505.353
2.ZI5.I05
2.ICS.04L
260.000
Total .............
$3,513,764 $4,767,969
138.500 Net current assets
$2,006,417 $2,061,437
375.000 At lower of cost (first-in. fim-outj or
1.000.000 market.
3.274.563 QSLlafalllty to customers for returnable reel*
39.659
and spools.
46.712
65.103
Total ___ Met current assets
S5.S03.023 33.010.184
55,943.421 Capital stock: L Reckbeite* Products Carp, S2.97R.27t common: par $5:
jYhesi ________ ` Uties: .
$2.787JUS
53.478.96*
Net tans, per sh..
310.89
DAt lower Of cost or market.
310.69 AUTHORIZED--59,000 shares; outstanding, 49.712 shares; par $5. Issued in 1940 under
I payable----*U payatle. ,*d axe* -- 1 accruals__
$100,000 102.330 76.4)00 92*077
5225.000 201.279 200.041 81.620
^Approximate market value. Term Lean; Outstanding Jan. 31, 1653, 3260. 600. evidenced hv $>/,% note*, due 315.000 qtiar* tcrly Apr. 1. 1066 to Apr. 1, 1958; and 365.000
recapitalization plan and on fonner preferred shares. _ DIVIDENDS PAID--
On no par shares:
conversion of _
on July 1. 1958.
ISSL.. $1.50 1J------SI.00 1934,-- (*.$
*M>1 current .
3370.436
$723,940 Capital Stock; Seen Traffic C*. stock; ear 1935__ 10.23 193*_____ 1190 13ST___ . 21.M
rtt ..**
75.000 $2.SO:
193*_____ t.00 19*9,-- 430 1940- 11.00
i surplus ... Isurplus ...
1.000.000 429.614 987,238
1.000.000 429.614
AUTHORIZED--406.000 400.060 shares; oar 52.50.
shares;
outstanding. On $3 par shams; 1940__ 1.00 1941___
1.270,413
DIVIDENDS PA1D-- 1910-15 30.10 19ts__ 30.1214
ton... (0.1$
1943-44 4.00 1945___ 1947__ 3.30 1946-49
4.00 19422,50 1946_ 2.00 1950_
,, 100 1.06 250
...........
52.7S7.27S 53.478.967 1918-24 -0.20 1925-31 0.15 1932... 0.0714 1951____ 3.00 1952-53 3.50 1954_ 2.00
_nt assets
Sl.226.S29 S1.J39.7U 1933... Nit
. per sh--
525.17
576.56 1937-38 0.2214
stock: l. reek, Stsw & Wlirox Co. 1941___ 0.2714
1934__ 0.01 103#... 0.13
1935-M 0.1214 1940__ OJB
PRICE RANGE--1954, 1952, 3214-30.
37-30;
1953.
3254-3254; ,,
1942-43 0.2214 1944__ 0.2714 Transfer Agent and Registrars New Haven
510:
1945-- 0.30 1946.__ 0.3214 1947-48 0,30 Bank. N. B. A.. New Haven. Conn.
--HZE0--400,000 shares; outstanding, 194.9-31 0.23 1952-54 0.35 a 1955- 0.20
Dividend* Dlsaurslng Agent: Company.
shares; par 510 (changed Irons 523 par T)To Jan. 26.
' '*33 share lor share).
TRANSFER AND DIVIDEND
DISBURSING
RYAN
AERONAUTICAL
CO.
IS--(payments since 1907 follow); AGENT--Company.
History: Incorporated In California June
-- par shares;
CL50 U0 3.00
1941__ 1916__ 1920...
$2,311$ 1912-14 31.73 l.STli 1917-- 1.73 3.SO 1711921- 2.S0
REGISTRAR--Girard Trust Com Exchange 5, 1931. under the name of Ryan School of
Bank. Philadelphia.
Aeronautic*. Ltd. Present title adopted May
LISTED--Unlisted trading on American Stock 26. 1834.
Exchange.
Business; Engaged In the business of design
IS) 1933__ 2.00 -675 1930-33 Nil
1924-23
1.50
*l par shares;
HU 0.45 0.45 030 - 0.60 r- (JJ
1937__ 1841__ 1845__ 1948... 1951... 1334...
1*00 0.90 0*25 0.30 0V.9I5I
1923-39 1942__ 1946__ 3940... 1952___
0,10 1.00 0.20 Kil O.TO
I paid Tl`f/3% Vtcck^dividend.
P RIGHTS--Has one vote per share.
PRICE RANGE-- 1054 1953 1952 1931 1950 ing, developing, manufacturing and selling of
High----------- 5%
534 5% 6
5% airplanes, airframe components, airplane
Low............. 5'.i 5 5 514 414 parts, system* and stainless steel products
RDCKBESTOS PRODUCTS CORP.
for all types ot engines. Also produces let engine afterburners, pilotless aircraft,
Hfstocyt Incorporated in Massachusetts. guided missiles and airborne electronic
Mav 13. 1023 and purchased certain assets of equipment for Government
Rocfchestos Product* Coro., incorporated un Property: Plant on 40-acrsr site at San Diego,
der Delaware law* In JUlv. 1920. BUnfneea Cal. airport, leased from city, contains 300,086
originally established In 1918 at the insulated sg. ft of production area. Lease expires Aug.
wire division of the Morlin-Roekwelt Corn 31. 1989, subject to cancellation by the city.
'TTVE RIGHTS--None. _ . . . C_ RHaArtGfoErdN*T--Connecticut Bank $e t RANGE-- 1954 1953 1952 1961 19
Business; Manufactures electric Wire* and -aKle* fnr heaw indnatrv hutldtnr cnnateitrtlon. electric utilltiei. and for products of electrical manufacturers.
Company-owned buildings la operation com prise 430.000 square feet.
Suhsldlaryt Ryan School of Aeronautics of California, wholly-owned.
13 14 10 10 7
Pruaerty; Plant located st New Haven. Officers: T. C. Ryan. Pres.: G. C. Woodard,
8 7 8>i fl>,4 4
TRAFFIC CO.
" Incorporated Mar. 9. 1903. under --_. knLatdrr.ivanla. as successor to Penn -jJMD Owns and operate* department ^9 B. H. Heckman. pres.; J. P. Walters,
Conn., cover* over 3 acres of land and ha* isn nnn *n. ft, of floor space.
Officers: B. H. Reeves. Pres, and Gen. Mcr.; H. O. Anderson. VIce-Fre*. (Sales): C. B. Ely, Vlce-Pres.; W. C. Armstrong. Sec. nnd Trcoa.; L. w. Smith. Asst. Sec. and Asst. Treas.
Directors! C. B- Ely; G. Y. Geillard, B. H. Reeves. W. C. Armstrong. P. S. Bush. H. B.
Exec. Vice-Pros.: L. M, Umbach. Vlce-Pres. (Mfg.); Bruce Smith. Vice-Pros. (Eng.); E. D. Prudden. Vice-Pros.: C. A. Stillwagcn. See. and Treas.; D. H. Ockerman, Asst Sec. and Asst. Treas.; H. L. Fontaine. Contr.
Directors: T. C. Ryan. 8. D. Prudden. C. ASmlth, G. C. Woodard, M. H. Lockett
General Counsel: H. G. Sloeae, Sea Diego,
HOF. Edwards. Sec.-Tress.; 3. J. ; Sec. and Asst. Treas.; K. V. Eckel,
Csrev, H. 3. Aldrich. Auditors! Lybrand,
gomery.
Ross
Bros.
8c
Mont
Auditors: Arthur Young 3t Co. Annual Meetings Third Tuesday In March. Ho. of stockholders: Dec. 31. 1954, 883.
i-=- S. H, Heckman. J. P. Walter*. r g**t J. R, Harris, Mrs. C. K. Corbin. i^aawn. G. F. enwanu.
Davies. SUvertone * Co. ^hshMkewekthliehld;eLrsa;sDt Tech.u3r1s,d1a9yS4i.nsoMn.arch.
Annual Meeting! Second Tttesdav in Mar. No., of Stockholders: Dec. 31. 1954. 290. He. ofDfmpleyeest Dec. 31, 1954. 359. Office; Nicoll and Canncr Sts., New Haven 4. Conn. Income Account, years ended J)ec. 31:
Me. of Employees: Jan. IS. 1955. 3.693.
Office! Lindbergh Field, San Diego 12. Cat
Unfilled Orders:
Out 31.'54
Jan. 1,"S4
A* ot --.......... $41,100,000 350.000.000
Consolidated Income Account years ended
'
. fmJ`iy*e*: Dec. 31. 1954, 675.
,,
*8? wriu. comer 15th 3c Walnut Sts. Phil-
Open Income___ Other income___ _
19*4 $176,099
06.667
1933 Oct lit $1,148,299 IT7N#t sale* ........
77 91T Cost Of sales ......
1954 $45,154,171 30,046.354
1953 $50,163,557 39.955.753
* Recount, year* ended Jan, lit
.
1935
1954
__ . *urp.`
r-tMliiit"
19492.081 8.813.750 131761 446.570 25.710 472.280 243.619 222.661 3.274.563 -1t4w0.0v0w0
310.068.193 9..J..4..0....2..3..3. 98.365 628,395 31303 660,698 352.225 208.373 3,105.75$ 14U0,.U0I0JQ0
Kw*,J5T
*V-no.43I (ta*R
!jj*fo81 Income
222.861 308.373 406,324
Shares 400.000 400.000 400.000
*06,ni
404,221 506.416 364.092 64428$ 486.862 5ii4c0.i3H3$
400.000 400.000 400.000 400.000 400.000 440000..000000
.She*e*t, UaS,2^o.f-*6J?an, *300U.000
on Com 0.56 0.77 1.03 1.01 L2G 0.91
8 o13.a3
Total income .....
312.766
1328,210
Other deductions..
28.812
41.437
Income taxes .....
107.406
644.773
Excess prof, tax ..
_______
214.924
Nat income .......
106546
325.076
Surplus. Jan. 1 ...
2.108,041
1,958.037
Common diva.........
99,424
173.999
Surplus. Deo. 31 ...
2.113.165
2.108.041
Note; Provision for depredation Included
in income account! 1954, $118,562; 1953, $12,039.
Earnings, year* to Dec. 31 (In ():
Total
.N...e..t..........N...o...,..o...f Earn.
Income Income Share* on Com. T#S4-.. 243.786 106.548 49.712 2.14
1953__ 1.226.210 325.076 49.712 8.54
1952__ 1.608.646 385.733 49.712 7.76
1931.-- 1.264.332 344.070 49.238 6.95
1950-- 657.530 295.63$ 48.366 6.06
!lo!lrte9--
42.644 12.19! 330.017 197.799
4$,0*4 4S.064
0.19 4.05
:?4T "I 609.817 333.7*4 47,818 6.86
WO
89.42$ 44.906 1-84
WS__
149.493 44.906
Balance sheet, as ef Dee. 31;
3.16
Assets:
J954
19S3
Cash .........................
$369,243
$935,310
Receivable*, net --
269.917
395.188
U. S. Treas. notes.
788.110
768.334
Gen. 3c adm. exp...
4.017.262
2.827,316
Deprec. 3i amort.--
417,730
,, 556.960
Netearhlngs_____
4,672,625
6,623.528
Other income -- --
1,116
4.136
Total income___ --
4,673.341
6.$27 .*64
Empl. retire, res...
SI
542.619
Interest ...................
357.274
519.774
Fed. income tax --
2.222.000
3.014.000
Excess profit* tax--
133.000
1.098.000
Special charge___
________
Net income______
1.961,667
1.475.446
TPrev. earn. SUfp.
6,149,917
4.945.878
Dividend* ..............
190,680
195,729
31Debit ...................
128.062
75,678
piEarti. surp.. 10-31
7.792.642
_1_.1_4_9_._9_17
ullneludmg costa and lees under cost-plus-
fixed-fee contracts.
,
After deducting $206,248 cost ot 43.391 capi
tal shares held by a subsidiary.
'
^Vacation expense applicable to prior yean
lets estimated tax refunds- .
ISCovt of 7.600 (1963, 5,1431 capital shares
purchased.
RiNot stated separately, included In costa
and expenses above.
Sale*
andNeEtarnl'a nrIts
OCL 31 No. of
(in $); Sara,
Sales Income Shares on Com,
' ~ **:
1955 $637,529 1.706,324 1.343.830
39.800 15.000
~*3.742.3
3.528.464 1.555.645
1.970,819 32.238 39.505 17.958
1954 Tlnventorie* ....
$617,433 1.752.587 1.382.792
103,670
Total currentplant. etc., cost -- Denreelation_____
17.147
Net property -- Patents ...................
$3,873,629 Deferred charges--
3.423.541 1.427.120
Total ................
1,996.421 Liabilities1
33,258 Acct*. oay.. etc...
38.834 Inc. tax Sc contlng.
2.279 GOReels & spool*--
1.446.631
32.875.901 2.381.460 1.515.686
866.372 1
72.290
$3,813.7*4
$417,936 226.913 134.*$$
1.662.498
$3,761,330 2.404.264 1.465.00$
939.279 1
67.359
$4,767,969
1954__ 1953__ 1932__ 1931__ 1950... 1949__ 1949... 1947.*, 1946... 1945m.
45,t54.171 50.163.557 34.929,006 22.273.691 13.311.689 15.010.153 7.943.411 8.015.766 11.973.353 55.686.535
1.961*667 1.473.446
S7&339 402.604 633.1fiS ,15fl.052 6.603 4 127.660 300.220 349.710
391.100 398.700 393.843 393.843 393.843 393.S43 333.843 401.493 404*693 412,991
S.1S 3e80 2.23 1.02 1.61 090
4 o09n0
0-74 0.15
C*nMi;<Ut*d Balance Sheet* *i of Oct* >1:
$549,606 _ Aeeeta;
19S4
1933
* 994,113 Caah---------------*__
32.079.673 33^M.7tJ*
152,173 (SReceivables........
6^69.415
tf.034.033
,803,023 $5,943,421
Total cuiTent-
5779.404
Ihc. tax refd. elm., $1,899,89$ EMatL & partt__
161.600 ^291*134
161.000 4^31.637