Document JXyDg4nYrVBy6R6GOMb0pjX

ri-AINTIFFS EXHIBIT U-688 2570 MOODY'S MANUAL OF INVESTMENTS eT*t- tmuorum PITTSBURGH PLATE GLASS COMPANY CAPITAL STOCK Par Amount XarnedperSh. Dtvs.porSh. Call No] Iasua Value Outstanding 1850 1MI 1*50 1*48 Price ' 4W", l. Common -____________________________ *i a.MO.ie aha. m*4.24 m.T *2.5# *L7I -- .....0..t.h...-.3. QU IAlter appropriation to increase charge* tor depreciation to replacement coat rather than an original coat PaSattsa. 1S_a__t_a_i_____ propriatloa earned par ahare was: 1858. 34.54: 1949. pi-22. gjRango atnce 4-for-l aplit In IMS; rang* fromltn and-to the split 1605)-121i. HISTORY C. A Michel Co. (Pa.) Relatively minor dlihrto--.sg thlai-t_____ Incorporatad la Pennsylvania Aug. 14. IMS Canadian Pittsburgh Industries, Ltd. comprise tbs rasnufaeturs ol Portland" o and retncorporatad la. Pennsylvania Nor. S. Cia Plttaburco de Vidros e cristal* (Brazil) U18 upon marger with tbs Pattoo-Pltcairn Co. and Columbia Oiamleal Co., both Incorpo rated in Pennsylvania tn.N'cv., ltn. For de Indiana Manuficturinf.Cn. Kingston Paint A Clad* Co, Inc. meat Cry .colon, msacftcKlsa.fungtrtas* a seed greih dlslnfactants. Prtxjnots-ars&d trlbqtcd through 2Sg telaa oMcee. storeel warehouses located throughout the tail! of stock iaaued In 1838 aae Capital Stock --Iaaued. The Petton-Ptfehlm Qo. was a holdins company owning all of tha outataadlnc atocka of (11 Patlaa Paint Co. of MUwaukso, tn: which -Pittsburgh Plata Claea purehaaed a Neriur Paints. Inc. T. H_ Nertn Corp. Poughkeepsie Point A decs Co, Inc. (for- marly Thomas V. Laekaye Paint A Glass CO.) . prinoipal piuurf*:'*. ______ Plate gleaa manufacturing plants, are' cated at Creighton and-PordCttyTp*;-:, Crystal City. Mo, Plate flam . Homii 49% dock Intanat In 1900 and subsequently acquired, a majority <2) Ronnous, KleiaJo A Co., brush manufacturers of Balttmora, In -------- ----------- 48% Saarlckley Hardware A Paint Co. Socleto Anonyms dee Claces de Courcalles (Belglurai Thresher Pelnt A Varnish Co. (O.) Creighton and Crystal City plants is-sMsi* the fabrication of the compahya safety Window glass factorise are (ocatod.at l etta, Okla.: Mount Vernon,: O, and' C burg, W. Ve. ,-v _____________________ IS) Pitcairn Varnish Co, and- (4) Corona Chemical Co. <7pon formation of tb* company In 18M tha lint commercial plate cJaaa factory to tha -Veco Paint A Glue Co, Inc. Hobos Glass, Ltd. (Canada) Glass Securities. Ltd. (Canada) (100%) Hobbs Glaas. Ltd. (Saskatchewan) (100%) All types of- home. Industrial; stittrmottva-: marine and ether paints and finishes ere tnadeJ by the Paint Division In ten plants Joested: ' " Milwaukee. Wls.;, Detroit MTchd New*5*1 United States waa constructed at Cretghtoa, Pa. In late 1927 the company and,a aubaldfary of X. L du Pont de Nemours each acquired a 50% stock Intercet tn Pittsburgh Safer* Claea mjsmgast as- .a of the voting control of the following tub- si diaries; Southern Petroleum Corp. (51%) and Sprlnsds)*.- Pa, and' by sub MontraaL Vancouver, Toronfo-snd Canada. Linseed oll is msdo at Red ... Co. (name subsequently chanced to Ouplata Duplate Canada. Ltd. (91-39%) Minn. Paint and-other brushes are pradu Cdrp.l, which conatrueted a 81.000,000 plant at Creighton, Pa. for tha manufacture of tafety glass, using the cc-ttpeny * plate glass Col Products Canada Ltd. (70%) Duplate Tool A Diet Ltd. (Canada) (100* I Smith A Stone. Ltd. (Canada) (100%) at Baltimore, Md,, Keens. N. H, aedganFrancisco, Cal. Paint -proving (rounds are located at Ft. Lauderdait. FIs, Newark, N. 7, . and du Pont'* plastic Interlayer In I8SJ ae- Safety Glaas Standards, Ltd. iCanada 1 and Milwaukee, Wls qulred full control of Duplate Corn., which (100%) company operated waa dissolved In 1938; plant now as separate department of com Southern Alkali Corp. (51%) IT Southern Pipe Line Corp. (89.272%) IS pany's Creighton. Pa., plank Southern Minerals Corp. (28.32%) Q) In Juno, leal acquired DItzler Color Ce. of Southern Minerals Corp. (37.59%) Q) Detroit, manufacturers of automobile e-i-*-- Southern Pipe Line Corp. (5.471%) Q) now operating aa Ditxleg unit of the Paint Division. Color Division, a Murphy Paint Co, Ltd. (Cana__d_a_)__(_8_1_._0_8_5_%__) ,,A store, front mstad factory, la located at Kokomo, lad. Alkalia end other ttt i at Barberton. O, Bartlett. Califs._______ Natrium (near NTew MarttnsvlUa). I plant _ purchMXj from. arc. .iax*raa*-qf. option). aUo tferouxh Avubcldury, SoattMMrvtl In 1828 began productioa of "Wallhlde," a new interior paint. _ In 1931, lointty with American cyanamid Co, formed Soutborn Alkali Corp. (In which As of Dee. 51. 195% owned 18 Inactive subsidlarie*. egrets Lake Chari**, l*x4 .% CMWBI 1 atahpnep.deAnc_dmo_e_me_d_rp,_ic_ai_ann_n_y_ACopywar,nnsa_1_m9_5a_i1d_,_._3c4_1o_9%_m%_,p>._as_Stno,eycekprsu_t_arin_ct_eht_ema_r_see_e_nsd_ttcom(_pD_a_S_ne_y_e__pa_u_p_r_ep_h_ea__an_e_ddsetardet_ei_Mm__ei_nn_i_tn,__g_t_n49%A_pirn,te1rMes1_t.__C_r_Cy__rs_yt_s*a_!tl_a_c7l_i_ctnyi_td_,y_MM_,_O_M.O:&U.YEmi_l5ems!eb?soTtao*7ama?'qii_a_r_r_t_a*' pnamltta iByf Interest for approximately irorn^ Anteftean^Cysnsmid Co. __ ^ ^ toonnhhaamme, OO..; coal mines near New P 919,000.000. (Moult* of Pittsburgh Plate Glass Co. la phia. O, and gas properties and- gas In Mar., 1997. Jointly with Comtnc Glass . Works (see ssnaral inoex) formed Pltwbursh capital stock of Southern Pipe Line Corp. It 51%. Ford City, Pa. In adallion,. 258 liua* officea..1 warehouses and store* r# operated for th* Not*: Owns 53% of voting control of Pitta- djsvjbutian of glsss, paint, etc, Rcmarch lab- . JhlcKks^fUflTtU^nffat^B^vwiy^iubvcM btS^ComingCorpraniTSoppers'pltUburgh plant at Po-r>tt Allessay. Pa. Keen eompoany owns $0% of ths fS.OOOvOOO outstandtes eapltid stock of this concern. CCoo.. ((sseeee HHiissttoorryy)).. In 1944, acquired e minority interest In Com- panhie Paulists de Vidro Plano with a window HTeJghton, paints at.Muwankee* Nswark and 1 Detroit, chemicals at Barberton. Pittsburgh Coming.Corp. a 1S% owned com. - In 1939 exercised an option to purchase 99,- gloss plant at Sao Paulo. Brasil. Also. 4 to pony, has-a glass Elsek producing plant at': 000 shares of Amerteaa Cyanamid Co. daM B stock at BO per share trnder an option Is sued in 1931. This stock was sold in 1949. _ 2b 1944 acquired majority interest k Murphy Paint.Co.. Ltd., and the business and factory of Pedfie Alkali Co. gether with Coning Glass Works, acquired miaortty interest in two ocher SouthAmerican K` as producing enterprises, Crlstaleriat Mim u (Buenos Airss) and Sants Marino Oft. (Sao Paulo). BUSIJcm A PRODUCTS Pori AUegaoy, Pa,' and a ftmmglaej and glam ; block plant at Sedalla, mo. auNAamirr OffHen CM. Brown, Chairman of Board and of Finance Comm. In May, 1940. acquired Morek Brush Mfs. Co* San PTanckco. and In Mar^ 1940. M. B. Principal industries served are the automo surdaa Co (Pa.), a manufacturer of paint bile, which consumes the company's safety proditcte) to exchange .for 34,034 319 per com mon shares.of Pittsburgh Plate Glass Co. Both arw now operated aa divisions. glass and finishes, and the buUdtog* vka uses paints, vamtshee, brushes, window glass, plsto glass and mirrors. K. B. Hlgflna. Ptm. A Chinn, of Bk*e. Com; ' : X%t,nta*v>i _ Cement Diva.) hemlcal sad . D. c. Burnham. VTce-Prca. (Merchandising Dlv.) .: In Apr.. 1M7. manured Portoes Varnish Co., Banks u one of the two leading prodpeers now. operated as Forbes Finishes Division, a of plate glass (capacity in eatcess of 130.000.009 unit ofthe Paint Division. sq. ft yearly), which Is used principally by During 1347. Pittsburgh Plate Glass Co. of Mieh.uJPittsburgh Plate Glass Co. of Tenn.t the automobile Industry in the form of safety glass which comprises two sheets of piste glass pressed together with a plastic interlayer Latand Batard. Vlea-Pim A Oah. Oman y. W. luoeon. Vtcr-Prewd.nl IS. D. Griffin. Vtee-Pree. (Paint Dtv.) J. A. Wlleon. Vlce-Prea. IGlau Manufacture) W. v. Simmon., Tre.rurer H. B. Brown, Soereury __________________ _ oca of the leading pro ducer. of sheet or ertsdow glase. eeld under In 1947, Jointly with Koope---n----C---n-,- Inc. (see the trade nemo Pennvumea. Chief raw ma ,'enerul Index) formed Kopperre. PPilttttsjb__u__rg__h__C__o_.___t_._r_u__i_.__o_f__t_h__is___d__iv__is__io__n___a_r_e_ soda ash. sand. for production of phthahe anhydride (usad Umeetone and vinyl plaatle. for producing retina In paint manufacture) n.-a. .a. -- .--------- nt S. H. L. Burk. Dir. of Lad. Relations C. R. Fay. Comptrollop M. X. Carlisle, purchasing Agent R. D. Bel*. Chief bglneor Guy Bergholf, DirToz Public Relations J. H. Henshaw. JExpaorrtt!Manager of which began in Jan., 1949. W. K. Harper. Sales W. I Gsm^MJ. 8s)m Dtv. loir. On Jan. 31, 1948. Southern Phillips Corp. companies and ether industrial eonsumars am (51% owned) was merged Into Southern Pipe well as for general trade purposes in paint Idlne Corp. (31% owned). ing of new houses and tn hone rehabilitation. E. D. Pack, soles Mer.--Point Dlv., sad Gen. Mgr.--Brush Dlv. Olrsetsra During 1943. following wholly-owned sub- Chief raw materials of this division are Un Osrence U. Brown. Phllsdslphls ridiartef were liquidated; Allied Paint A Glass load oil and othar solvents, eolors. metallic Howard B. Brown, Phtladelphls Co.. Altoona Glass A Paint Co.. Anthony pigments, ate. X. T. Aspluadh. Pittsburgh Wayne Glass Co,. Caoonsburg Paint A Glass Con Columbia Development Corp., Queen City Paint A Class Co. and Unlontown Paint A Glass Co. Also, in IMS. purchased Mlcrontzer Pfoceaslng Co.. Moorestown, N. manufac turer- of insecticides, and acquired a con trolling interest in Midvale Coal Co.. Midvale. O., which was subsequently liquidated ana Bow operated aa s division. In 1949 acquired plant and property of a window glass factory at St. Laurent, Quebec. Canada, through Canadian Industrial Glass Co.. Ltd., a wholly-owned subsidiary. During 1949 sold Interest in Gurley-Comstock Corp.. a partly owned subsidiary, and .liquidated Censva Faint A Glaas Co., a whol ly-owned subsidiary. aUMIDIARIU Ranks as one of the laedlng producers of soda esh. which Is usad In the manufacture of glase, soap, oU. textiles, drugs* pulp and paper, and tn water softening, purification processes end cleaning operations, and of eaustte soda, which is used la the lure of soap, chemicals, rayon, )ye, textiles, and in petroleum refining and rubber re claiming. Other products of the chemical dlvteioo Include (1) liquid chlorine, used largely la the production of chemicals, textiles and pulp, and in water purification (2) ,nodlded sodas (3) special alkalis (41 calcium chloride Hanalg's purifier and soda briquettes, used for desulphurizing pig and east Iron (9) salt for industrial uses (7) rahrtum hyocbkrrlte. used for water purification (9) Caicene Sllens. used for rubber compounding, (8) Z. D. Griffin. PltUburgh Lelsnd Hazard. Pittsburgh H. B- Hlggtns, Pittsburgh Richard K. Malloa. Pittsburgh W, K. Phillips, Toronto Harold F. Pttealrn, FbUadelphlu Raymond Plteum. Phlladoiphts R. B. Tucker, Pittsburgh Conors) C.enMl: Lelsnd Hsrsrd. Annua) Mealing: First Wednesday in April - NO- of Stockholder*: Mar. 15, 1851, 11.702. No. of employ***: Dec. 31. 1850, 27.845. Conoral Offlc*: Grant Bldg.. Pittsburgh 18. Incentiva Mom On April 4, 1851. sharehold feorsr akpepyroveemdpslonyeInec)ewnthivicehconmropvida* fo) sn PaTent fvmctions chiefly as sn operating Borax used In cleaning and (10) certain or- amount to be itaslde equRSeMto J% of compeny. As of Dec. 31. 1850, owned 100% of ganle chemicals. Principal raw materials of net income, before provision for fWeral sad the voting control of the following: this division are sale and limestone. state income takes. MOOWTS MANUAL OF INVESTMENTS' ,. .Aim,:, =jNtoMjl AOOOUMT* COMPAHATTVE CONSOLIDATED 1NC01CXACC0OT(T.-YXA*AENDED DSC.*! iTitarntM reports to dlttniMa wfJbictiftM* Ownali *ssm- tuuftm iSsES IMS 16X069.617 UiT-i S28X52MM 14X40X77*- 1146S3T3 w. 21446.760 24.0SU67 IMOUH 104,7*640* nUMH S2J770.441 X7ASLUT '.MM-:. .V:--O09 ffcBvom: prom ttoa V*MrirIc admin. ^um 164420465 54404473 104.73*41# 50610412 S3J33454 41.706.T26 92.076446 654*7476 1T.6S6AST itaua 4I.4J4AS7 ' 1 6S.B76t71*: - ig'pnto--- Mgvidanda r 'income____-----..---- ---------- Omaetacoan# -- Jlcecma dtlnfCma. 76,414460 1.7*0491 649472 26547* "fflP* 81422,749 33.109*00 1.091.*00 saoo.000 tffitjroTiibs. oTyMr. aupioi iq^oitnarti ------------ >4S#/irsrfA- 3&282J15 89.840,453 22479*433 8105,587.813 54446.06S in.*** ,j&S 58,779,08 uuao 59.05.081 80*00,008 1.010.000 51445426 2430.04# 151476 704.4*5 S4M0M3 saaMS $3*49*00 20.10332 1.077,08 3,88.900 M3S2.7B8 71377384 I&790J19 889.840.453 8.085,700 29.883400 55,823428 15484398 cr 1331,133 871477.981 554564*5. 1.764410 2*4.023 452.321 si.594.m XUtM y&T 140.781 3.078.573 27.771.145 43.211441 15.189437 835323.528 3UMJ15. U*1.7l. ziiiJS 25,708344 . 4.045345 Jl.061.08* 1X677067' 66X616 1USK221 2L2I23B8 **r' S5H> "ias.: .. 66A1X66T `.IMAM 60AO6.6SS r C34S7 cr 1480.000 6X61XU6 74MM*. e HWMssDs, efiSkit' i7.o4i.oas 68356,706' U.6TX06T 616.241.741 1333*450 8590t34P* . 9,01*553 fir334*3.340 05350,709 U;4M,(67 il,S51JS5 akSSAM 6Hk0X4O __ if5"65<riii64B*<iSi)IiniI---iltyjtr_djbtc_locaOmbn__o_-Inw_.sO'm^_n_co_pf_nip_ro_tam_nh_wnain_m..ennMj^o-roydmmufl'te,v.obMnun3ulad!eelbattt'Sre*imauoeI.InnPannpncloUnce.aoaot*Aot-im-r-cu*-eaa----m.na--n.------w*o---^----r--nt_-----:-_--a-._Ta6odNS188o8541*t34,43888s7110a^139t387a7288rI.,l4J44t44M5ee947579*ad0018588^pnurverNhta8a19oa33418tS.,..a,0831407sd8888573ot0a833380pa.,..4t448741ei2895783d19799048r6e4q6 uaiNrne318ordS13178tn...4.4043843s7ot5431290to9a02059t34..4.,t34w31089e5e2152382d5a4207438brat*aa*N.t 31d9So33139ate43..3934t90s44aa352778t43a*25837l3....43.1t94138e84977r425ed928a38887bUtahrAesapr0aTpt1h0Sfr22192o16a3o..,,3.,04oO0r25239n4p0d017477oO830r105e198o35Ua434,403.1p,,nO140r518059tr9o93038i00559eoo;crnMi.a_iot_a6i_oafU_66ln^*1167Z63eit..5A7nA72.646M.wooH4*7655c9H2a171X4o6UlaN.5.At.,JA0*J0.mmu06r-Si02M5*7boeaS6Je426ee-a.l!-U--t'6:-U1>S'UllXSJkSk1rSS1.Ot64916e1S4X4XTT.k:07.6594kkJMS6M35t7#*6il..--' ea3tSraan5paS*<rf prondta*7Sr unm- atM*rincludea {760,000 -provttion foreon- jgU MiiM pwnon ofitama ikm "Supplameutary ! * L Data" below [IMS: Inaiudaa nin on aalea ot aeeurli#a. auaraud faiTantSt^aSa,bafnVd eidowS.U for extraordinary obaoUaoeno* (repreaentia* adjuetment ot net book value of property nraiun* from an to* ve1nMto*rMy Co<&parSopKedrBoaf aMaapterirortoysetaartse.d cap,,ita,l tor prioryear* of rederaltoeome _____________proflta tnxaa, reeuWnj from aoedtfttod'uoortlnOoiL GeeofUl NoamCompenac follow, poliejr of taklaurup IncomefromeuDtidlarlea only, whan ____ ^tneindas 1*61264 wrlta-off at inis -oteoatofinvostroahtaln aanoaiarlet ore aej worthat date* otaaquiaWon; 6*6Att writa-Qg ---------- uovaraSeaatoedaplatablapropaftymad pmAmM'JSilSi'l inttrStaa additional prior poon lad- 1*46: _______ tibia market di ; *W wrtto-off of 1,600.960.prpvtalon for no la tamtana and 6 mi ot coat of two aub< tn connection with axebaaso of four |M par barm lor each former 6*6-par abate. __ S1420498. 1,46. 618X505; 1947. 6*15.0*. received aa dividends. Company'aahar* of un distributed net profits .of. aomeatle: and. Can-, adlaa anbaldiarieaf sot ctmaolldatedi waa JS,- 656,7*6 <1949.' 63.0SS.127: 1945.: SXOTOSK 1947, . k66AM; 19*5,. 62,0364*6; 194S.6MUJ7S; 1M4. 6SST.MS). which amount was not included Is above Income account. Equity, is net proflta. of company's Belgian and Brazilian aubeidiarlea an not consideredt isignificant,' - Wecorf or Banalasa aar* *****. n^lo*), Tear 16*6--------- - Nt3tl< 96J10.4M Ujiajor 97.M0.ai ira.0O4.eii 10643*6*1 119.36X630 *8383* 7i.iaaj72 59.411460 7949162* 79,6074*0 9*425.776 6*4*0203 68.076.666 Profit 1830,8*2 29431.788 438238* llmw 18,812491 33S8 214*1542 Othelnc. fir tSSi 481942 1401129 1493339 859394 2350348 Zne.Bcf. Texas nno388 22489.942 8.032379 13485,735 11635.411 30472J78 11741132 22,554081 Income Taxes 6.446.7S* 4J61.976 Uua U19J22 SM1.47* Wl 10J6MM Net Inromo 15JUJU 16j7J** 6.466907 10.764.412 11.792927 lunw Disddeudj m 1871811 !8 7.707389 8334,828 Qom.82i."3arB.Pr Oufartsmt Cdm.Sk. 24414a24MT7M, 7JJ 6L66 2.0t'. iStfk 23-j ZJ0S.726 AtANCfi BHECTS ' Adsrrm COifPAJtATTVX CONSOLIDATED BALANCE SHEET, AO OP BBC. 66 _____ (Taken from ivpu/ta to SecnnUe* and -- ---------i*b-o--m----n--lntea) 1989 821110.747 2949 8233*0312 1948 811901.81$ ___1947 220,014.750 _ 1948 9183424*2 - V. a^bovSnmenfiecurtfiJSI"---------~ Other marketable aecurlttaa.----frotaa: & acuta, recalv. accrued, etc. 41153438 223.030 30459427 29.1653a 233380 21,789.698 11,109.984 878.828 22*359472 9,151404 3.281488 11878499 7.244,829 5.098452 19350372 fuad of prior federal Inc. taxao -. pventorlaa --------------------------------------- 85.431542 55.065.009 82.571777 51391448 3fTi78 . 19a 812495382. 23,178465 5.420,724 1401797 1499390 28328,723 1948' ` $12311*88 22381389 9490399 10.445394 274M372 Sae.TfcaJh'aneSrVunroiiaoC'win'll tovaat. Is forelcnauba. not consto. .. JSS^^alSrS'SS^rai: J HPi*pci-tj. pl*ot equip-- RLeasv- Oeprec^ depL 84 vnoti. res... Lm: Jbrtrsurd. obeei. r<. Net property ... matt ....------------ 8181490,082 3,851,601 11.707.489 2.645,729 2.777380 207.779,435 97474.633 3150.113,487 3391301 5.824,789 3.102.498 3333387 192321325 91,667327 110,404392 1 3320.735 101453398 022323 010327417 3391301 3.3773*5 5.447310 3,904405 182.086.787 86412,078 95354.708 2.911,953 5101,727457 5,165.0*1 2.728345 7385413 5.452.933 184.472.929 82.875489 1438.155 W440781 3481.879 883,750408 5416300 1457477 7.738398, 1454.0a 150452.868 77384.049 1458.155 71312.082 2.888364 879315481 5433.900 929374 7397387 1.40369 382484.100 72308395 131230 17300.156 1308.710 $79328410 7493324 7498320 1482.094 1283*8479 88308308 13523a 1,048.787 Trial ................................................. XJABZLJrm r :Aeeounta pinMi tr4-------------Netes ptnm --.............................-- : 8S?vLr*him mA aecnui^------- 8206338,010 5114*5407 275.800 0479.002 10364.430 051.042.1*6 0443.40 282.800 26.945.504 8.875,00* $227413320 811.069309 340.000 25423.481 8.0143*8 008.870328 *8 13&& 8174302367 0,026.706 37630 17.7030 4.590338 054325374 8M0/07 417308 9JO&JB9 2.888346 8188368.358 8184240 XT3S1 18.0003*0 8,70477 TiW fWTMl WHtlWlM .TM Cotloctod. op- iiutoJImoat sale* ; Dofomd crodtlti. ee fM* e PsomIoo out rtllof ro*ory-----------' IH**nrs tar matnt. Mr repairs. -- Replacement cost rcssrrs ' Cxptta Steen ffior 828). w.rnpohilA surplus___ ____________ ... Kraefi surplus____________ *67,625.039 204414 5.6*1365 2.63432* 5.9030 *316.19* 10.414,134 90.301.820 5355375 10.52T3UI 645.44&7M 30319 53*13<* 2.01353 3331313 1.623324 6.70.000 0301.820 5.555.975 89.84CU53 (45647.616 298,907 ISilS 5JS4.44* 1.OtaAO ZJO.TM 66601^6 4,411,(26 71J77J64 644,459.04* IBS.04 3,(IJ3 txzju ,424.44* AI41AM riiVJiii ajiasos isjsaja 629,7014*3 24U388 1331J0 88390390 3.01308 <3441.741 wu,w OMI nor MBM UiUl aa.srr.rae ia.m 16456.706 auM.m MAI* USATT . 6J61A6S 6J6SAS6 Vma$T *^5 KHMd Total 62MkS6.au m2*S.043 6661.S42.1M 664.5*6.722 6Z27JUJM |6i.47*kM S6Mk76AM 667A7*All 6174.063^*7 SS6ADJM WMM74 tu.msu MMIMK 6MA63J67* 2*78- MOQDT'S MANUAL OF INVESTMENTS:. I960 616.872A18 1.615J0* 194$ 31X45860 1.858JU 1941 vem*& 3,6065oI -10V-,. ,* - - t-aMU*'.''* W7.iH.B0 628vnsrO0:r J?- X433674I 800.707 ltf iiTf.wi M.T73J26 ljitiio 6A22MI7 iySIwr "3SSlAllUM BMW 815,600-: LCLUl KKiS; Bother changes dr2A*U * 1J5*.155 QUO; After l over par value of 51A4J.750. 1948: After oredlttex eaSeeai over par. value of capital (took $1.0*429. roaf oufrtnoi.SaaSdIi' Construction------ Property ttMAOM Beserves ered1 during year (that cost being coroMtodon b-ssis of: ratio of-resources recovered:'to- Otter property -- 2,109.463 1,121324 total recoverable resources estimated' by company's engineers). T__o_t_al__.________________ 8207,778,485 8__*7__3_7_4_3_3_3 OAt less than cost or market. i95Tyiniabad aoode. 833383,651 (1848, 823,715332): work Is Accounts oerttflsd by HasfctnS A Setls. 3)1948: Represents reserve lor extraordinary proems, sr,S4S (mi, ftmtlO); raw mar Above rorwollttoftoa statements.toohsOa obeolteoenre traaafexred to earned surplus. Uriels, 814343366 (1848,-. Eo.T08.678): supplies ______mestie subiidMine* whose business;pot-' ncowsr. of cost or market kdbt value. - xfl0^9347.7M's fflAfter reMTTC* UWO. X374^2Q). (iadudlsi repair. p&rti), SUjnfiu 312.631)rmtaC86t424342.(1948.8,0*6.0j>r OiswilsOis PeHayi provision for ttopredstton of dectwdsbJsJfimta wss.msds st leies andoperstlons are directed by tne pervnt tnrau*h Ite orxant*attou. except Southern A!kali Corp.:. Southern' Tlpsy iihe-vCorpS Southern Minerals Corn. and-SoutherniPetro- 131950: UMdla tiuglnr Lud lmpr.* etc.. Property 84,828.119 3.144.484 various issw liki, Whlek are based on Ike estimated useful lives o< the reapecttveltems. leum. Corp. Company's other foreign. sub sidiaries (Vin 1948, 3 1n l948 and 2 &ijjrior Computed composite annual' depredation- yean) are not.Included-on: basis of oelna 81368.418 rams for 1950, follow: 5 02%; buildings and. land improvements, building equipment considered not alrnlHeant .' . Net exceosofequity^of company and- con Salt': etc.: depos. Agas ret.-------- 2,888.458 887370 2.27%: machinery and'equipment 431%. Provision tor demotion oS salt hmestass. solidated subeldlarlee-m net assets of-sub- rldiaries not consolidated over carrvlny.value Buildings__-____ 51,828317 22.756.622 clay and coal deposits, ate., for 1800. was of -Investments thereinamounted to *24404.- Mack, at equip.. 180.618,828 71342.007 equivalent to cost of such resources recov 286 et Dec. 31. 1980. fWAWQIAt A OfHWTIIW DATA gsrnwipcr share____ Dividends per share. Pries---------- 1950 B8434 iw-m, 0x01 f.oScjo 9.830*20 194$ gs 39 ty-30 M44 800482 1947 "aa- 8J89.6S 044' 1844" Currant aasata t mirr.______ %'euk h securities tocurr. 1 -invvtiaory to curr. aasata rDSt'carr. aaaatS:to net woa property depredated-----------------------; decree, to cross properly------ rxt 49.99 40.94 44.SI 4tt S.tt 40.94 4232 4939 4734 3.51 144 22.41 5727 39.54 4339 9.42 S29 3122 6022 8U6 IB.09 3.82 Sff- 4923 (D5827 4.16 1.44 dsanno.' mmonstc__ _______Inventory ,u.______ Selss-t-repairshiss ----- -------- i te nat uiuparOr_______i-totetolsseata last tnmmstototal on ite net-worth------Mill i 100.00 4.15 1U4 305*41 213.71 12-90 19.00 % 100.00 5.11 12.98 272.38 1113$ 18.48 % 10X0 4.40 1282 0X94 1m22.1s9 %18*08 fat sales .. casts, goods A manufacturing.----------- 100.00 60.10 100.00 62.73 100.06 66.74 Gross pros* from pruducts 39.81 37u22 3328 Gross oroflt from amt. oparsttona-------Total profit---------------------------------------------SelL. csn. A adm. expanses-----------------Operatin* profit 3CK UK ms "xfS 17.84 1934 3329 1429 1827 Other income___________~_________-- Groestnoome-------------,--------------------------VIncome deductions _--Not income before Income taxes, etc. provision for tana am Income -------- 0.67 24.22 0.13 24.09 11.65 1.90 2X24 0.12 21*12 7SJ 1.11 19.48 021 19.27 727 Pension, etc- Tea.---------------------------------Replacement cost tsesrva , XW 128 *"1165 Ntftioeojn* sen.......................................... - 11.35 12.17 10.67 (POa Z*c. lw.mm $ 9*x itoRr-- wm fnil to wthinjt for --rh $28* ns 1429 32829 127.02 13.44 %18.79 100.00 8423 35.07 *3327 13.71 2128 020 2222 0.19 21.43 822 122 1059 100.00 426 1128 10803 920 12.0 loSoo 88.0 3143 14.0 1701 .222 1923 221 1623 728 100.06 it3 923 6.77 ; 10.78 ; iooSoo 7129 0.71 0.04 38.78 16.01 12.74 126 1429 0.13 14.18 4.78 9-26 9.*0 - 963.- letford for 1968 applies to *19 per shaxss , .flBBtJV tfVHMI. ffiAgliimDplieeri -sinh-a0rS5; t^o3t pfbaRrftsRh*ares. i*0%-117. 3-After appropriation to increase charge* far denreelatlon to a replacement cost rathiar than an original cost basis Before such C>propriatlon earned per share was: 1838. 84.64: 1*49, |4A2: IMS, *3.85. (BIncluding extraordinary obaolsseenea ras erve. CAPITAL, STOCK LJ!WHnl.8Wt Otess Oe. Useln par $Ui AtrraOREXD -- UL500.000 sharea (faeresead from 3388300 shsrca Dae. 15, 18a); outrtand ink, .Dec.' 31. 1650, *,03(un shares; par Lift -(danced from 6100 pan- Oct. 9. 1926. tour IO par ebmas Issued in axebanca for each 3109 par share: chanced from *15 par Dee. 15.1965, four tit skaree (sauad for each 125 share). As of Dec- 31. 1950 Pitcairn Co. owned 2,- 871^52 shares (31.80%). 107___ 490 1940-41 5.09 1044-45 43$ 1338-- 1.75 1943.w. 3w50 1939... 2943... ($10 p*r ebara) 2048___ 130 1.70 1946-49 1950___ 2.50 0.70 mpiin 10% In stock Apr_ 1917. tBPlus 20% in stock Dee., 1929. (EPlvis 30% in stock Jan.. 1925. WPlus 10% In stock Dec. L. 1*25. To July 3. 4.00 LOO 1.73 RBGISTRABS--Mslloa NatlonSd Bank A Trust Co. Pittsburgh; Guaranty Trust' Co* New York.. - .-' . DTVZDXND PAYING AGENT--Peoples Tint National-Bank1A Trust* G&,. Pittsburgh; . ISSUED--Upon retocarporation to lmi'tttf 362 shares of new 5100.par stoek'were Issued ' as follows: 267.500 shares to holders of old 5100 par common on a shar# for shar. beds: 1.560 sharos to holders , of old 12% prefarrsd on the basis of two shares for each share held: 67.72* shams to stockholders of Columbia <S > Dividends payable quarterly Apr. 1, etc. to Chemical Co. on the basis of t/lO-o# a share 38S9-V (*J? him) Nil 5.00 2906-0 7.00 191f..e 20.00 1919___ 6.06 735 stock of record about Mar. 19. ate. , . PRJOEMPnvx RIGHTS--As provided by the statutes of the Commonwealth of Penney!* for each share held; 10.576 shares to mtoorfty stockholden IM%1 of Patton-Pttcalm Co. an e share for them btcla QxlSSQw 1X00 lm___ 8.00 1822___ 1X00 Steak OptisB Plan: On Apr. 6, 1151, stock 1X00 1977___ 13.00 1929___ 6.00 RIOTED--On New York and Pittsburgh Stock holders appro: d plan which would offer, 0.50 1931-- 1.75 1684-- 130 2kaJ9) 3.00 1032-.- 0.75 1935___ 2.90 100___ 1933... 1931-- 2.00 0.76 TNANsiSg ACgrrra--Peoples First National B- ea-k A___T__ru__st- Co- Plttsburfh: aty Bank certain employees a 5-year plan to purchase. stock at 85% vf market pries through' pay roll deductions. 55,009 Mures would be set 6.0 Fataefs Trust co. New York. aside for purchase. SOUTHERN ALKALI CORPORATION (CewtrelM by Pittsburg* mate Otess CM HMaryi Incorporated in Delaware Apr. 20, 1S3L tsdauu Manufactures heavy chamleads. Preperty Plants located In Corpus Chrlsti. Tax, Rake Charles, Da.. Barberton. O., Natrium. W. Vs., and Bartlett. Cel. Sell brine tor manufacture et Corpus Chrlsti plant Is piped from company's own wells and natural see for power is provided from company's nearby field. Control: Capital stock Is wholly owned by Pittsburgh Plate Glare Co. (see preceding statement! Dattsr company purchased Ameri can Cyanamid Co.'s 49% interest in Apr., 1951, ter approximately *19,000.000. S--sldlay southern Pipe Line Corp. (89.- ^i^s^ns'a 2633% tntcreet hi Southern Minerals Corp. (3758% owned by Pittahurgb Plate Glass Co.). _ .. __ Officers: C. DC. Brown, chairman; Z. T. Asplundh. PreA - Dwight Means, W. L GelU- h.r W B. Beil. T. M. Fargu. Jr.. B. T. Asplundh. O. N. Stevens. Vlce-Pres.; Deland Hazard. Vice-Prea. and Gen. Counsel: W. V. Simmons. TVess.; H. B. Brown. M A. Burke, Mrs. E. L. Ellis, Asst See.: J. G. Fleming, Asst. Tress.: C B. Fay. Comptr. . Directors: C. M. Brown, Raymond Piteairn, H. F. Pitcairn. E. T. Asplundh. H. H. H1, J Dwight Means, R. B. Tucker,. E. D. Gri gssasl ISsitisF Third Wednesday In Aprfl. Offices Corpus Chrlsti, Tex. miCombined Income Aeeeamk years ended 1959 IMS SMet sale* --.... entala A services Groan oper. Inc____ Cost of sales_____ *8<L5a.415 51.859 60.806.085 30,087,113 *65.631.071 113,1*1 45.563.207 29.493.2n Selling, etc., exp.. 1,707,07* 1,338511 Taxes (other than inc.) ........................ 1,069.151 961AJ* Depreciation _____ 2,123.283 r,832,r0 Depletion----------^Retirement lorn. 612,781 8*5.343 836.901 - 94lUst Undev, lshtd. rent 86,452 90450 Net oper. Income. 15,052,033 10(170,905;