Document MJJ1qvp6mXberGpxZYaGOLrDV

1970 MOODY'S INDUSTRIAL MANUAL Robert h. messner, Publisher henry PORRECA, Ass't Publisher ceorce H. parsons, Editor-in-Chief Editorial Board 30HDAN J. KEKISff ALBERT C. ESOKAIT WILLIAM J. MCCARTHY ROBERT W. BURKE A. E. COMBADER ROY H. KRAUSE JOSEPH B. LEIGH MOODY'S INVESTORS SERVICE, INC. 99 CHURCH STREET, NEW YORK, N. Y. 10007 (212) 267-8800 PHILADELPHIA Suburban Station BIOS. BOSTON 73 Federal St CHICAGO US S. LaSalla St LOS ANGELES 611 W. 6th St SAN FRANCISCO 233 Montsomaiy St WASHINGTON Colorado Bids. LONDON: Moodies Investors Service, Ltd. Moodies House, 6 Bonhill St, London E.C. 2 Copyright 1970 by MOODY'S INVESTORS SERVICE. INC New York Ail rights reeexred. MOODY'S INDUSTRIAL MANUAL ___ Outstanding Dec. 31 1969 itue in equal annual installments , interest at 3% to May 29. 1974. jc 1. Carnaco Equipment Co. JO cents: SSO 000 thares- outstanding. 609. ;par 10 cents. Dividends paid: 1956___ SO 04 1960___ oao 1257-58 1961___ 1964___ aid 1967___ 1965___ 1968___ oo 1970___ $0 05 0-3 0.18 0-22 1959___ 1962-63 1966-- 1969___ $0 07 015 040 043 r or djvxcend restriction, see bank loan above Transfer Agent: 3ankers Trust Co. NYC. Price Range: 1969 1968 1967 1966 1965 High------------------5*4 5*i 4 ZVt 3% Low------------------4 3i 3*4 3 31* ILLINOIS CENTRAL INDUSTRIES, INC. ; STRUCTURE DZ3T kteue i Brake Shoe Si. deb. 4H, *82 ^ Brake Shoe SX deb 4*$s, '87. bla Gen. 3ot. cv. deb. S1**. *88 jebt of mtge. suhsids. J CL Cent. RJL Co. i debt- -- ------ Rating A A 5a Amount Outstanding $7,606,000 10.470 000 9.000.000 7.389.000 253.372,000 9.137.000. Times Charges Earned 1969 1968 545 545 Interest Dates fFdcA 1 FeA15 JScD 1 Can Price -0103 00 ffilGZ44 2)10442 Price Range 1969 1968 80 - 714 834- 75*4 75 - 68 82-72 104 - 77 lt3 -100 J, STOCK ksue . coav. 1st pftL, ser. A_____ . conv 2nd pfd., ser. 1 -- Par Value No par No par No par Amount Outstanding 5). 3.396 016 shs. 9.542,504 ShS. 2amed per Sh. 1969 1968 $11.96 S9 05 S3 02E$2-78 DIv. per Sh. 19S9 1968 Price Range 1969 1968 $2,624 1.17*4 GD-- ___ 794- 48*4 140_____ SJ36 - 264 077 - 734 744- 504 to change, see text. -JjNone outstanding Dee. 31, 19, 741,477 snares reserved for issuance on merger of ZHinoU Central R.H. Mobile & Ohio R-R. Co. 2Issued Dee 28, 1968. 3As reported on 9,512.340 (1968, 9 418,055) average shares adjusted for 3-or-2 Oct. 1969: $2.72 in L3S9 and S2.59 ($24)3 excluding extraord. credit) in 1968 fully diluted. 33After 3-for-2 split; before 724-44*4. g extraord. credit. QJWben. issued. In Delaware Aug. 31. 1362. _ ..66 acquired Chandeysson Elec Louis, maker of heavy electrical products. Now operated as a ' ICC authorized acquisition of ccago Sc Illinois Western RS. - of 40.000 common shares (after f^coraaoa St preferred stock of f. 30. 1968 acquired assets and Ua! Waukesha Foundry Co., a manu- precision, castings and corrosion pPmnps. >36, 1968 merged Abex Corp by t 2,657,152 shares $340 cumulative t second preferred, series 1 at rate ve of &40 preferred for each i common. 1970 merged Pepsi-Cola General - through exchange of 0 40 core^cumulative convertible 2nd pre- for each Pepsi-Cola General , 1970 acquired H. G Philipsbom 1 mortgage banking and real es? common shares. ffffbaage Offer was made by comS*wois Central RE. Co. shareholders, reift would receive one common holding company for each com- *b*ld. As of Dec. 31 1968. company "1 indirectly controlled more than : shares of Illinois Central RaiiMtock. ^Subsidiary Merger: In 1968. stock^>ved merger of Illinois Central Gulf. Mobile St Ohio BLR. Co. *ois Central Gulf Railroad Co. he a wholly-owned subsidiary ^Oa Nov 12 1968 hearings began examiner and concluded Jan. 10, 1969. Searings were resumed Apr. 9 1969. For details of merger see Moody's Trans portation MantiAl. SUBSIDIARIES , Abex Corp. * Chandeysson Electric Co. (TChicapo 8c Illinois Western RJL (Sminoifl Central Railroad Co. (98%) Illinois Center Corp. Mid America Corp. Pepsx-Cola General Bottlers. Inc. H F Philipsbom Sc Co. Seay Sc Thomas, Inc. Waukesha Foundry Co. QSee Moody's Transportation Manual. BUSINE5S Company is a diversified holding company with subsidiaries operating In four major areas. Manufactumg subsidiaries include Abex Corp. Chandeysson Electric Co. and Waukesha Foundry Co Products include hy draulic equipment, inctlon materials, parts for railway equipment, castings in variety of metals and alloys and motor-generator rebuilding. Transportation section includes Illinois Central Rrailroad and subsidiaries operating 6.851 miles of track between Great Lakes and the Gulf Coast. Consumer products section consists of Pepsi-Cola General Bott lers with franchise areas in several major cities In Midwest. Real estate section includes Illinois Center Carp., Mid-Amenca Corp., Seay 8c Thomas. Inc.. H. F Philipsborn St Co Real estate activities include several large development projects, two on lakefront in Chicago, one in downtown New Orleans and building of a new suburban town south of Chicago. PROPERTIES . As of Dec. 31. 19, manufacturing sub sidiaries operated 64 plants as follows: U. S., 43* Canada. 9; Europe, 9; Mexico. 2. Japan 1. Illinois Central RlR. Co operates 6,851 mL of road in 14 states For further description of Railroad properties see Moody's Trans portation ManuaL Fepsi-Coia General Bottlers operates 14 bottling and canning plants. Company also owes numerous real estate properties. MANAGEMENT Officers W. B. Johnson, Chmiu, Pres. St Chief Exec. Off. S. S. G. Hillman, Sxee Vlce-Presidnet G. K. Weigel, Vice-Pres.--Finance H. S. Jensen. Vice-Pres.--Real Estate ~ Robert Mitten, Vice-Pret. Sc Gen.. Counsel S. C, Boothby, Vice-Pres. Sc Secretary J P. Fagan. Treasurer W. J. Taylor. Vice-Pres^ Exec. Dept, Wash ington. D. C. R. S. Kirby, Asst Gen. Counsel Sc Asst Sec. R. W Biggs A. S. Boyd C H. Bradley H. S. Eberhard G. K. Funston A. P. Gagnebln S. J. Higgins S E. G. Hillman S. V. Hord Directors Herbert Humphreys P M. Jarvis - W 3. Johnson D. B Loune G. J. Morgan F A. Nemec T. W. RusselL Jr. J. C. Smith J. W. Van Gorkom No. of Stockholders: Dec. 31, 19* Prefer red, 22.659; common, 8,536. No. of Employees: Dec. 31, 1969, 35,542. Auditors: Price Waterhouse Sc Co. Office: 125 East Eleventh Place, Chicago, IlL 60605. Data DP OPERATING RESULTS, YEARS ENDED DEC. 31: ***r'UlL. (in Thousand, of Dollars) : Products net ,, fixed charges. Income taxes and minority interest, and fixtd charges ............ ...................... ... r~ ~ r traord. credits__________________________ ___________ C^Qits, net------------- ------------ ----------------------- ... 1969 $311443 324430 20.211 80448 $736432 72409 25.309 27.664 17.153 5.188 (2484) 14.046 17,708 563 40413 1968 $279,769 307.123 8.663 75 304 $670 859 59449 23.198 22.464 7 650 6 722 (785) 12.847 15,262 552 30488 7,494 1967 $290,196 300.073 7.647 65.650 $663,369 66.745 26.701 27,828 7416 5.068 (68) 10.328 22*140 498 33.779 2,542 1966 $293,476 297.069 2407 59.992 $653444 68.120 30.092 30470 2,484 4457 17 9,157 24466 519 34.078 -- 1965 $27 S,826 283.449 2,360 55.683 $617 318 57.222 24,173 26,889 2.071 4.020 8.337 19.813 S46 28.526 r camion share: $40,613 $38482 $38421 $34478 $28,526 Lf^aord. credit* credits __ ....$34_ 2 3.02 $149 0.79 2.78 $246 047 243 2- ___ ... 2.41 $141 ^*traord. credit* . credits ____ 2.72 208 242 248 0 51 0.17 2.72 249 2.49 248 140 ^H^dltures_______________________ ____________________ ____ etc.--------------------------------- ----------------------------- $107,520 35475 ` $80,476 35,429 $77,948 39.490 $67,729 37483 $49,497 34.892 ^^ji^presented above reflects for all periods results of operations of acquired companies accounted for as a pooling of Jnter- Ikti n Bhare figures have been restated to reflect 2-for-l stock split in Mar. 1967 and 3-for-2 stock split in Sept. 1969. b. s Results by category: 1969 424 44 1 27 104 1968 41 7 458 14 114 1967 434 454 U 94 1968 44 9 454 .4 94 1965 44.7 45.9 4 9.0