Document 93ozgKjnV9xxBp7e7yd0JOydD

MOODY'S INDUSTlilAL MANUAL (? 4G7 J. M. Morehouse, tt. E. Kenyon. Vice-Pres.; Liabilities; Accounts payable . PLAINTIFF'SNotes payable____ Dividends payable. EXHIBITAccruals--------------- income taxes......... $783,204 9.779 219,506 __ 3R2.027 $795,427 100.000 9.95? 19S229 __ 35S.5S'.' Total current . Conting reserve . i4!:% Pt- stk. <S50). rkCommon stock . Paid-in surplus ... Earned surplus ... Total ................ $1,3997615 355.000 8G0.223 C57.500 585.000 2.752.22C $6,609,505 $1,462,795 ass .000 877.296 657.500 5S5.009 _ 2.003.350 sc.it:.:4: Net current assets $3,604,402 $3.46G.ii;>S Net tang. com. s_ h.._ $58.02 $35.83 2For Improvements and betterments. capital Stock: 1. Woolf Brothers. lnc,, 4'/:6 cumulative first pictorred; par $50: AUTHORIZED--22.730 shares; outstanding. 17.204.4G shares; par S50. PREFERENCES--lias preference for starts and dividends. DIVIDEND RIGHTS--Entitled to cumulative dividends of $2.25 per share annually, nayable not later than 60 ciayo alter close of fiscs? year. DIVIDEND RESTRICTIONS--Company will not pay any dividends on lunicr stock frrrr. earnings accrued prior to March 1. 1944. nr if thereafter net tangible assets ore less than 125% of par value of outstanding T-refcrre,-. and/or current assets are less than twice cur rent liabilities: nor unless earnings applicable for preferred dividends overage either in' for preceding 2 fiscal years Us times, or (bi fer preceding 5 fiscal years twice, annual preierred dividend requirements. DIVIDEND RECORD--Initial dividend. 5?: cents paid Mar. 1.194G. Regular dividends paid. VOTING EIGHTS--Has no voting power, un less S ouarlerly dividends arc in default, when oreferred is entitled to elect a majority c? directors. Affirmative vote or consent of 750"- of pre ferred necessary tc (1) mortgage property or oledee assets, except purchase money or exist ing liens on property hereafter acquired: (2> incur any debt maturing in more than one -.ear except (a) purchase cr lease of new properties on deferred time payment, and (hi to retire 7% preferred and or class B stock. PREEMPTIVE RIGHTS--None. LIQUIDATION RIGHTS--In liquidation. en titled to $50 per share if Involuntary and to redemption price if voluntary, plus accrued dividend- in all cares. CALLABLE--As a whole or in part or. ct least 0 days' mailed notice on any dividend date to each March * inch. at prices per share (p!u: dividends) as follows: 1954___ 59.50 [T1954_50.03 ff?After March 1. 1954. Preferred so redeemer! to be retired. OTHER PROVISIONS--Company will net ac quire any prooert", if thereafter (!' ne; tan gible assets would be less than 125% cl the Income Account, years nd<l 32' 952 Net sales ......._ Cost of sales______ Selling, cic.. exp... XNet tamings___ Other income_____ Total income____ Other deductions.. Fed. income tax -- Excess profits tax. State income tnx -- $9,191,589 7.724.937 1.162.311 304.341 (2180,811 385.152 19,675 147.416 ________ 15.520 $21-2.07.815 S .902.478 1.199.166 2.206.171 49.033 1.255.204 39.457 606.687 cr 4U.1B4 70.632 Pr. yr. tax adj. ... Net income_______ Prev. earn. surp. .. Dividends................ Earn, surplus. 6-30. jIAftcr dcprec.: 1353. a'r 33.791 168.750 4.238.622 197.452 4.209.920 $130,438; 1932, 57S.612 3.857.4G3 197.453 4.238.622 $116,939. inc tunes $51,235 revenue agents net pd- jurtments applicable to prior years. Sales and Earnings, years to June 10 (in $): Net Net No. of -Ea--r--n-, 1953-- 1952__ 1951- -- 1S5U-- 1949... 1948-- li<iV 194C.-- jaa Sales 9.191.589 11.307.S15 IQ.143,733 C.295.290 S.059.1&7 7,099.203 5.bS5.9:3 2.746.034 3.81)4.443 4.759.959 Income 168.750 578.612 780.239 404.832 836.623 895.593 5S0.4C4 137.135 127.949 274.002 Shares 197.449 197,450 197.450 197.450 137,450 197.450 197.450 197.450 197.450 197.450 on Com. 0.85 2.95 3.93 2.05 4.24 4.53 2.94 0.69 0.65 1.39 Eafance Sheet, as of June 30: Assets: Cash______-- Receivables, net -^Inventories_____ 195: S322.1S2 1.607.035 3.341.545 1951 $400,008 1,836.371 3.474.297 Total current.. Land, bldgs., etc. .. Depreciation______ Net property ... Deposit ___________ ASubsid. assets -- Tax claim ________ Patents, net Deferred charges.. S5.270.7S2 4.333.632 2.425.695 1,912.937 29.545 "Vo'iiS 9.957 115.225 $5,710,676 4.043.916 2.297.460 1,746.450 26.854 2,259 40,184 113.653 Total ------------ Liabilities: Accounts payable. Notes payable___ Accruals__________ Fed. income tax Dividend payable.. Cust. advances__ S7,376.730 S45S.040 5U0.C00 303.131 147.416 49.332 18.656 $7.642.082 S331.6G0 ........ 312.93S 1.009.545 49.352 9,745 Total current.. Capital stock ($5). Capital surplus__ Earned surplus ... Total _____________ _2jReacq. stock .... Xet stk. & surp.. Total ................ Sl.476.597 1.181.246 643.S39 4.205.920 6.035.055 134.922 3.900.333 S7.37C.720 $1,712,240 1.181.246 643.S89 4.23S.622 6.0GC.757 134.915 5 22S.842 S7.642.0S2 Henry IVhitcnack. Treas.; w. P. T'rvns. Directors: C R Heckrrt. C D. W. Castles. 3. W. Hanes. H. T. McKi MacIntyre, A. J. Neill. Auditors: Harkins & Sells. Annual Mwtmp znd Thursday OO'ca Bound Brook N. J fi&t WRG-1557 Consolidated Income Account, June JO: Net sales Crop prod, exp .. Cost. misc. sales Selling, etc . exp. . Operating profit Other income ___ Total income ____ r ed. income taxes. Minority interest . Met income_______ Prcv. earn. sur;i. . Dividends ________ Reserves __________ Pr yrs ir.c. tax ... EaSrnal,essuarnpdluEs.ar6n-i3n0gs, *1.2t17o90"5,3993 411.293 309. ICO 480.366 70.234 64,633 134.888 29.600 7.392 97.696 1.566.600 72,934 "dr 7~fi77 1.5S3.634 y*r t Jun. $1,188,387 421.615 253.667 492,425 20.679 63.662 84.342 15.410 4.150 64.781 1.549,705 33.463 cr 5.577 1,566*600 $0 (In *): 11111'111199999999995454C4541452-176353190o--_----------.-._--n-._..soli211d12111112........a.10S31491417S2t1N626697:aeS163040000led.e.........8830239350ts82893234297B453405366 alaIn3453n15229662c104133cN47795418e12o..........7e6052338m7189S96361492t167239e5184heetS,N4565555666hOa8313349195as..,........432251653r*Oe6672227520o3603537s060ff Assets: Cash .......................... U. S. Treas. secur.. Receivables, net -- Supplies, cost ___ 1953 S198.944 14.800 705.181 39.236 Earn, on Com. 2.02 1.21 2.66 6.18 7.45 8.69 8.65 5.95 3.33 SJ4 195|20: 5245.951 14,800 118.564 CS.316 Total current . Land, bldgs., etc. . Depreciation ........ Ne: property___ reinvestment cost. Orchid plantings Orchid seedlings Life :ns.. cash val. Defer, chgs.. eic._ S35S.161 1.5C2.711 1.C99.330 363.381 493.809 2.029.026 47,839 2C.643 S447.831 1,649.288 1.047.890 601.398 408.809 2.031.781 47,339 30.950 28.138 Tota',___ Liabilities: Accounts P3! Fed. income t Accruals------ S3.477,392 S23.824 30.795 15.976 S3.596.736 $23,080 15.410 17,317 Total current Minority interest Com. stock 'SI) Capiiai surplus ... Earned surplus ... S70.593 736.422 4S.270 Tl.632.367 7.5S2.634 S55.807 134,830 53.463 1.786,036 1.566,600 par value of then outstanding preferred, or (2' current assets would he less than twice current liabilities. PURPOSE--Issued (8.195 shares) in Dec.. 1942 in exchange for 7% preferred on basis ct 2 I T Net current assets. S3.794.185 $3,997,436 Ne_t tang, per sh-- S29.SS S30.03 At lower of average cost or market. TShares at cost: 1933. 38.800-,: 1932. 3S.7S9J,i TAssets of P. B. Yates Machine Co.. Ltd.. Total .................. Net current assets Net Mtaanrgkecvoamlu. es:h* 1953. S3.471.332 S2S7.563 S67.49 $1.7404)66; $3,596,726 $392,024 S63.71 1932. $2',016.- preferred shaies for each 7% preferred share. Canadian subsidiary in liquidation. 00IU0. Unexchanged 7% preferred redeemed March Capita; Stock: 1. Yatev-Auisrioun HSnchina TAfter deducting S133.669 excess of cost of 1. 1945. TP.ANSEZR AGENT AND REGISTRAR--Com merce Trust Co.. Kansas Cltv. Mo nrunTENm DISBURSING AGENT--Company. PRICE RANGE--1953. 47-45; 1952 , 45-45. 2. vvo.-lf Brothers. Inc. common: no Far: AUTHORIZED--70.000 shares; outstanding 68.850 shares; no par. YATES-AMERICAN MACHINE CO. History: Incorporated In Delaware. June *, 1325 as a consolidation of ?. B. Yates Ma chine Co. (incorporated 1887 In Wisconsin as Berlin Machine Works) and Amerloin Wood Working Machinery Co., established in 1991. Genera! Refrigeration Corn., South Beloit. Co. common: par $5: AUTHORIZED--300.000 shares; outstanding. June 30. 1953, 197,449shares; in treasury. 38,- soo'i shares: par S5. VOTING RIGHTS--Has one vote per share. PUP.rOSE--issued In reo: sanitation tn I93S Feme' -.referred steekbe'.ders received 1 share common for each 2 preferred shares held and ror-m.on stockholder* received warrants en titling them to purchase 40.600 shares. DIVIDENDS-- 536-42 r.i! 1942__ $0,25 1944... S0.50 194C__ 0.50 1947-49 1.00 t-'-u-- i- 1951- 1.00 1952... 0.75 1953-- 1.00 El 1954. 0.25 2. To Jan. 16. reacquired shares over par value thereof. Capita: Stock: 1. Thomas fount Orchids, ire. coirrc.-; par S3: AUTHOF-IZED --150.000 shares; outstanding. June 30, 1S33. 48,370 shares; in treasury. 101,630 shares: par SI. DIVIDENDS PAID--Fiscal years 1930__ 1935-- 1929-- 1948-- 57.50 0.75 IE? 4.50 1931-- $0.50 1936-- NU 7940-46 2.00 1949-- 4.25 1932-34 1337-38 1947__ 1950-- Nil $1.00 4.00 IMS 19T51ra-5n2sfe1r.0A0 gen1t353R--egist1ra.5r0 & Transfer Co . 2ersey C'.tv. N. J. Registrar: Commercial Trust Co of New Jersey, Jersey City. N. J. HI., and Edward Dalton & Co. were merged TRANSFER AGENT--Harris Trust & Savings ZONQUTE CG. in 1940. Ben!:. Chicago. History: Incorporated in Montana. Dec. 1. In 1952, company acquired and transferred to Beloit plant manufacturing facilities cf Big Four Carbide Tool Co.. Cincinnati. Business: Manufactures wood working ma chinery, radiators, oil coolers. Intercoolers and condensers. Also manufactures a com plete line of commercial refrigeration and air conditioning equipment and ice cube ma REGISTRAR -- Continental Illinois National Bank & Trust Co., Chicago. LIS ; ED--On Midwe.-t Stock Exchange. PRICE RANGE-- 1953 1952 1951 1950 1949 High................... 14 147,8 1534 UV* 16 Low.................... 9`j 12>,b 113A 10 93,4 YQUHG (THOMAS) ORCHIDS. INC. i922. as Universal Zonolite Insulation Co. Pres ent name adopted Jan. 1. 1348. Business: Engaced in manufacture of firenrooi insulation products, comprisinff home Insulation, imulatinc cement, piaster oeffrecave. concrete afjgreeate: also mines vermiculite. Acoustical plaster and non-building materials sold by company include Sani*Flor chines. Properties: Plants located at Beloit, WU.. and South Beloit. D>. Branch ottice: main tained :n Chicago, Memphis. Portland tOre.i _ History: IncorporatedYoiunnf*Now Jeroey in l`*wadente'f%er*U^f In.. rreOsr.rrN.tovti._2-_2-_.__1_9_4_9_s_o__ld__s__to_ck.i.n.t.e.rest i-n----E--c-u--st*. ^Poultry Litter) and Terra-Lite Plant. Aid. 0re are located near Libby. Mont. and Trave;ers Rest. S. CAlso franchises processing plants which are and H:"h Point. N. C.: sales offices m prin ' a: -.7 Corp. licensed tc s^U products under Zonolite brand cipal c:ties cf -.vorld. Bus:r.czz: Engaged in cultivation and sale name. Officers: E. J. Dalton. Chairman and Pres.: r; o.-chids. Prooeriies: Operates 41 processing plants A. H. Woeekel, Exec. Vice-Pres.; J. J. Galla gher. Vice-Pres. and Asst, to Pres : Rcber Birdsell. V. E. Martin. J. J. Flvnn. G. H. Kelly. Vice-Pres.; A. B. Loft. Sec. and Treas.: C. M. Stokes. Asst. Sec.; F. W. Bassett. Asst. Treas. Directors: W. C. Freeman. E. J. -Daltcn, G. A. Lloyd, J. J. Gallagher, A. H. Woeekel. Auditors: Lybranc. Ross Bros. 3: Mont gomery. Annual Meeting: Fourth 7uerdsv In Oct. No. of Stockholders: About 3.200. No. cf Employees: Dec. 1. 2950, 2.ICO Office-. 702-729 Fourth St.. Beloit. Wis Peoctrtias: ss greenhouses, of which 45 art rmtd at Eound Brnoc, N. Z. end It at GataMills. O. (near Cleveland). Stores located at New York and Cleveland. subsidiaries: Thome* Ycur.g Orchids, Ine N;r\<- 3*07!:! wholly-owned. mo Thomas You.ru; Or-hids. Inc 'Delaware' 72.N, owned Cottleys Corsages Preferred. Inc. (N Y.). a corsage "sales unit, is a wholly-owned sub sidiary of Thomas Young Orchids, Inc. (N. Y.). Officers: C. E Eeckert. Chmn.; A. J. Nci!?. Prc-s.; P.. A. MacIntyre. Vice-Pres, and Sec.; !ocr.*cd Chiraso. Pittsburgh, Albany. N. Y.. De:rc:t Travelers Rest. S C-, Trenton. N. J.. .VoshvilJe. Little Rock. Wilder. Ky.. New Or leans. La. Zllwood City. Pa.. North Bellerica. Man. and Si. Thomas, Ont. Research labora tory at Evanston. 111. operated by manufacturing distribu tors located in United States (26), Canada (S) and fereurn countries IS). Subsidiaries: Company owns ccntralJlrur triterest :n fc.'.lowlnc: Z'.-r.oIit* Contractors, Inc. i. rV ` : Hi `V it? ; 4(8 MOODY'S INDUSTIMA L MANUAL Southern Zonnllte Co. >60% of outstanding OVlccrs: Nathan Chlrelttcin, Chairman: VOTING RIGHTS--Has no votirv common stock i. Ci-ii'-ios Ponk. Pres.: James Schropc. Vlce- li-ss dividends of r.7IS cert? p- r Company also owns 36% of outstanding com. Pres. & See.: Milton Binstock. Trcas. in arrears, when preferred votir.'. mnn stock of Western Mineral Products Co.; Directors: Nathan Chlrelateln. Charles Penh. as ;i '-lass Is entitled to elect ?v*- 50% of Carolina Vcrmiculite Co.: 33>i% of Cali James Schrope. Clermont Cartwright. Samuel LIQUIDATION RIGHTS-- In Imu fornia Znnolitc Co., Sacramento. Cal. and 757c E. Magid. W. H. Nickless. litlrd to $7.30 per share li Vwlur. of Texas Vermicullte Co. General Counsel: Gllhooly Sc Vouch. New per har< if involuntary, plus div Officers: p. D. Armour. Chairman; A. T. ark. N. J CONVERTIBLE--Into common, Kearney. Pres.: R. C. Shields. Exec. Vlce- Auditors: Zuckermnn, Baumgarten & Co. share, at anv time (to 5 days pr:or Pres.: W. .T. Rein. Vlce-Pres & Treo* J B. Annual Meeting: In 2nd week of Sept. Unn elate), without adlusim.tr.t cf Myers. D. L. Pruuty, D. J. Boone, J. A. Kelley, No. of Stockholders: Dec. 31. l'Jil: Pre In event stock dividends on cv Vlce-Pres.: J. H. Bishop, Sec. Directors: Letter Armour P. D. Armour. ferred.. 832: common. 1.843. No. of Employees: Sept. 29, 1932, 523. crvii :uin any year or rr.orc shares arc Issued at less than V. .5'- J. H. Bishop. A. T. Kearney. R. C. Shields, Offices: Coit St. Sc Nye Ave.. Irvington 11 in arv year, or common is Sr.t J. D. Farrington. J. B. Myers, E. P. Brooks. W. J. Beln. NT Income Account: Year to splil-up. reclassification or reca:. 10 mos. to conversion basis is to be increase'- Auditors: Ernst & Ernst. No. of Stockholders: Dec. 31. 1932. 3.200. No. of Employees: Dec. 31. 1933. 500. Office: 135 S. Ln Salle St.. Chicago 1. Income Account, years ended Mar. 31: 1337 1352 Net sales .............. S3 942.249 S3 D7S.025 Cost of sales ____ 3.827.11G 4.C02.117 Selling, etc., exp.. i.599.724 1.480 813 [^Operating profit. 515.409 49o.C03 Other income, net. 82.870 63.183 Total income ___ f.93.279 rO.1.55.7 Discounts allow. . 60.499 cs.iig Fed. income tax... 65 Coo 32.000 Canadian Inc. tax. Net profit _____ __ 10.000 462.7K0 : 15.4.73 Prev. earn. surp... 2,330.5:3 2 "82.693 Dividends .............. 7.7.811 147.617 Earn. surp.. 3-31 .. 2.9. 69..43.1. 3.380.313 [TjAfter denrsc.: 1953. 3374.649: 1352. 8311.751. Sales and Earnings, years to Mar. 31 lin 5): Net Net No. Earn. Sale* Proflt Shares cn Com. 195.3... 5.942.249 462.780 984.112 0.47 1952... 5.973.025 445.43S 384.112 0.45 1951... 6.270,063 775.905 984.112 0.79 1950... 4.655.337 645.869 934.122 0.66 1949... 4.1S2.093 520.943 364.222 0.53 1948... 2.S1S 211 336 100 9?*.: u 1947... 17-^ n.i: 219.689 984.122 0.36 0 ** 2946... 1.23^.258 30i.f;25 9.14.1 !2 CTO 1945... 79-S 857 52.5CS 98-i.i:: C.C" 1944... 822.920 (16.-92 38J.1I2 0 07 Balance Sheet, as of Mar. 21: Assets: 1955 1953 Cash ........ ...............- Si;'. S3' 5312 551 U. S. Govt, secur.. 113 469 75.909 Receivables, net . 570.745 3? 1.2.71 Apr. 30.'53 Apr. 30.'52 Net sales ________ $6,685,196 $4,536,249 Cost of sales 5.611.066 4.938.066 Selling, etc., exp.. 737.814 517.070 EOper. profit____ 336.316 d 918.887 Other Income____ 10,530 18.621 Total Income ___ 346.866 d 900.266 Interest 133,944 70,978 Loss, prop, retire-- 142.864 Loss, equip, sold . 4.550 Other deductions . 20.082 Fed. income tax .. m. cr 46,636 Inc. tax refund .. G0cr 494.039 Net profit _______ 212,922 d 608.065 Prev. earn. surp. . d 34.924 399.327 Preferred divs. -- 37,523 Pr. yrs. deprec. . cr 211.342 Contingency res. . 100.000 Earn. surp.. 4-30 . 77.997 "d 34.925 Earn., pfd. share . $1.91 Nil islEarn.. com. sh-- 0.25 d 50.99 No. of pfd. shares. 111.186 111.186 No. of com. shares 648.814 648.814 [PAfter depreciation and amortization: 1953, $255,286: 1952. S219.008. ijjResulting from carry-back of net operat ing loss and unused excess profits tax credit. iflNo liability for income taxes in 1953 be cause of operating loss carry-forward from 1952. ^Disregarding preferred arrears. Balance Sheet, as of Apr. 30: Assets: 1953 1952 Cash $123,784 $103,610 Receivables, net . 580.696 491.374 Inventories 1.295.150 698.095 Prepayments, etc-- 21.664 33.567 CATJ.ABLE--As o whole or in pa uer share and dividends, or. 20 d*. TRANSFER AGENT AND REC1ST oo-nVon Trust Co.. Jersey City. N OFFERED--ICO.COO units, eaen cor one preferred share and one-hal; share At 87.50 per unit (proceeds tr Sfi.25 per unit) and 20.000 common $4.50 oer share proceeds to com* per share) on July 25, 1950 by Hi'. son Jc Co., Inc.. New York and Proceeds to pa> bank loan and accr. able totaling about S800.000. for : and equipment and otlier corporate PRICE R.\NGE--1952. 3^-11:: :352. 6^-4. L Allied Electric Products, Inc. pr.r $1: AUTHORIZED--l.COO.OOO shares: ol April 30. 1953. 648.814 shares: res conversion of preferred and 6'*- nc shares* car :?!. DIVIDEND RECORD--1950 and 1951. 1952 and 1953. none. VOTING RIGHTS--Has r.r.e vote * r.o provision lor cumulative votir. PREEMPTIVE EIGHTS--Nor.?. TRANSFER AND DIVIDEND DIS* AGENT AND REGISTRAR -- C. Trust Ca. Jersey City. N. J. OFFERED--<50.020 snares* w: that- writing at S3 per share in Sept.. . se? preferred, above. PRICE RANGE-- 1933 1952 1. High.................... 2Ja 2fi Lev.*----------------- ia : ftLLISD 7^30 CO. Hisicry: Incorporated under Mas. TInventories ........ 859.432 921.4 19 Total current . $2,021,204 $1,326,646 !av.*s Llay 24. H*29 vs a consolidate Land, bldgs., etc.. 2.773.993 2.685.313 Neely Co.. Quaker City Morocco Cc.. Total current Plant Sc equip.__ Depr. & amort. ... Net procerty__ Land ................ ....... S2.-J98.32a 3.201.721 1.C69.302 1.622.419 66.713 5:.a54.?.,!5 .VA6.C26 1.322.023 1.734.00^ 54.42*3 Deprec. & amort.. Net property__ Patents, etc. _____ Other assets _____ 959.848 1.814.145 5.786 78.684 708.037 1.977.226 6.429 45.749 Kid Co. and Standard Kid Manufac. of Delaware. Business founded in In 2933 acquired New Cast-e Lea Co. pnd in 1923 process ana trade Stcr::ng Patent Kid. Ore deposits, net.. Patents, etc., net. 2C-v953 26.203 195.225 28.265 Total Liabilities: $3,919,909 83.356.050 On Jan. 3, 1953. purchased N. Brez: for cash. Inv. Sc adv. sffilsOther assets.......... Deferred charges . 271.340 34.929 72.225 255.496 Notes, etc., pay. . 33.833 Accounts payable. 53.459 Mtge. pay. due___ $428,217 594.481 160.000 $595,693 Business: Company manufacture*, 727.306 diets Une of kid tor men ar.d worn: 10.000 and also manufactures paten; leath Total ................ Liabilities: Accounts payable. Customers dep. Accrued tax., etc.. Fed. income taxes Total current . Common stk. iSl). Capital surplus__ Earned surplus .. 84.613.473 SI O'* Q^o 100.300 223 019 S6.029 S548.030 9S4.112 111.S50 2.969.451 j- 266.044 Accruals _________ Fed. income tax .. 3127.1S8 150 COO 224.177 7S.210 S5S9.570 934.112 111.850 Total current . Mortgages pay._ Notes payable__ Conting. reserve 30.43 pfd. stk. (56) Com. stock ($1) .. Paid-in surplus__ Earned surplus .. 638.030 00.............. 51.820.728 87.500 74.100 100.000 667.116 648.814 443.654 77.997 192.160 and fancy printed leather. .............. Property: Owns plants at 3V:Lmin. and Camden. N. J. which car. proc. $1,525,159 50.CO2* goatskin-? caiiv. Side leather 41.000 Penaeock and Ecscowen. N. H. 63.222 Subsidiaries: Company has a To'T - tVaterooro Co., Watcrfcoro. Me., a . "667.116 comis-**ny for finishing patent leath 648.814 443.654 d 34,925 N. Brezner & Co. manufactures side at tanneries in Penacook and Boscov. CHicers: Beniamin Simons. Pres.: Cauiev. Exec. Vice-Pres.: R. E. Bin: Total _________ S4.613.473 54.263.044 Net current assets SI.750 499 SI.264.660 Ne_t t.a..ng., c_o__rn____s_h. S4.10 53.71 iL-At lower of average cost or market. ^Capital Stock: Zonoliie Company stock; par Authorized. 1.200.000 shares: outstanding 984.112 shares: par 11. Dividends: 1945 to 1948, Inch. 5 cents: 1549 10 cents: 1950 and 1951, 13 cents; 1952 and 1933. T1A cents. Total ................. $3,919,909 $3,356,050 Net current assets $200,566 d $198,313 Net tang. com. sh._ [Tl.72 $1.62 3 At lower of first-in, first-out cost or mar ket. XAfter deducting 8494.039 anticipated credit for Federal taxes resulting from carry-back provisions. [TAfter allowing for preferred dividend ar rears. Note: At April 30. 1953 unpaid preferred dividends amounted to S50.034. Cohen. E. M. Loewe. Vice-Pres : Small. Sec. and Treas. Directors: F. L. Converse. Berrarrun Thomas oinali. J. P. Eer-kon. R. E Bineer. Ne-.v Yor S. L Cchen. \V;Irr. ineton. De..: E. N PhiizceJuhia. Pa.: .J. T. McCauley. \V:. Mas.-.: J. A. Hull. 2;. M. Grady. P. J- H. M. Agoos. Annual Meeting: Third Frida- In Sa: Auditors: Ernst & Ernst. No. Of Stockholders: Dec. 21. 1951. - Price Range: High............. Low_______ 1953 1952 1951 1950 1949 4'/a 5Vi 8!i 6=,; 8 3 4 4'i 5! 3-i Transfer and Dividend Disbursing Agent: City National Bank Sc Trust Co.. Chicago. Stock Options: Outstanding, Mar. 31. 1953. options held by employees on 69.100 shares at 84.04 per share. ALLIED ELCT!?!C .^HOD'JCTS, INC. History: Incorporated ur.ser New Jersey laws on Sect. 20. 1925 as Allied -Nerc3n*.ie C~.: present name adopted Sept. 25. 1927. On June 17, 1919. enmnsny merged Sal-Mar Laboratories. Inc.. Sheldon Electric So.. Inc. and Mervac. Inc. Business* Manufactures cathode ray tubes for television receivers, rec..:vioc tubes for radio and television receivers, picture tube brighteners. voltace boosters, electron, tubes time delay relays. rectifier bulbs, iluc rcseent starters, extension cords and ether attach ments. Property: Plant located at Irvingtsr.. N. J.. has floor :*rea iuo.JCO sq. it. 'partially Ic-n.-erl) Planch t-iTIccs a.td warehouses located ar Chicago and Los Angeles. Funded Debt: Allied Electric Products, Inc. 6a convertible notes due 1954: Issued S250.000: outstanding Oct. 1. 1953. S44 ix'i: dated Nov. 1. 1951: maturity, Nov. 1. 1951: denominations $100. $500 and SI.000. fullv registered: convertible into common stock at rate c: 20 shares per $100 note; callable on CD days' notice at 110 during first year. 107*2 ir. second year and 105 in third year. Sinking fund 25" of net earnings but not over S75.0CO. O:: par in Nov.. 1951. by Hill. Thomp* :~r and C: . Inc . New York. N-Ve: On Sept. Z !95C, company also had 5! :7 5 It rr.cir'.aace debt out?tending. Capita! :cc!<: 1. Allied Electric Products, .`no. 4S cent dividend cumulative convertible preferred; par 53: AUTHORIZED--160.000 shares: outstanding. Anri! ."D. 13ZZ. lll.lS`1 shares: converted into .-- .rr.-u.-in shares; par PHEr ERENCES--Has preference for assets and dividends. DIVIDEND NIGHTS--Entitled to cumulative dividends of 45 cents per share annually, pay- ahlti GunricrSy, Jnn. 1, etc. to stock of record abriii* D^c. 13. etc. .DIVIDEND RECORD--Initial dividend of HA c:-n? naid Oc* 2. 1930; 1951, 45 cents: 1952 and ID.'.T Arrears li'-i O'.:. c2e. n;t's:53, 56!'a cents per share. No. of Employees: Dec. 31. 1251, I.- OHico: 209 South St. Boston 11. M&-- Income Account. years ended June iT 1953 Net sa:es ........ ....... Cost oi sales......... $19,806,177 16.799.343 dulhr.r. etc., exp.. 1.793.43S i Ni*: earnings___ l,212.r.5c Otr.er income____ 63.4.. To*a: ir.come ........ -s 1.*2>7"6* 5' 1*2 lutcr::*. ____ _____ res., net .. ....0_.1_43 rod ::.comc t*:::.. . tax ref. _5_2_2 _. J interest . Net income_______ 52: AT Prev am. surr!.. 4.6^2..:^ Div.e-jr.ds .............. ai: I.i: .- :.-*... proves .: cr 224.-4o D-::.:*. ........................ 4 134 v.: 'EatrVaiv:r---EACFr..-.-.'',=irtjVve.-u-:s*ro"r:ifsfptlrdiCiodni.oe.o.agm-qipt.courc-fJri:Iiroc:frt.r-'.y.si..er-:..r.::cr*m.*:y` .r^r'iernu'jcovd8voZ41eec.er7Ssads1a761tream.4rrld:y.l1e-s4.cS*nr:Jra?.a.to*ocsctr*-..*1..*.-