Document RjZXMNQ0qwV764zoqk07yGwdE

PLAINTIFF'S EXHIBIT K-1749 MOODY'S MANUAL OF INVESTMENTS AMERICAN AND FOREIGN INDUSTRIAL SECURITIES JOHN SHERMAN PORTER, Editor-in-Chief Editorial Board Joseph A. Dittrich Nelson Schaenen Walter F. Hahn L. A. Griffin Joseph M. Oliver Frank J. St. Clair 1942 Public Library COPYRIGHT, 1942, BY Moody's Investors Service, New York ALI. RIGHTS RESERVED ,Dallas Texas MOODY'S INVESTORS SERVICE 65 BROADWAY, NEW YORK PHILADELPHIA BOSTON CHICAGO LOS ANGELES PITTSBURGH SAN FRANCISCO Slock Exchange Bldg. 75 Federal St. 105 W. Adams St. Hollingsworth Bldg. Union Trust Bldg. Russ Bldg. X2^ Q36LON_D_O_N:_M_O_O_D_Y_'S_IN_V_E_ST_OR_S_S_E_RV_IC_E.: LTD. MOODY'S MANUAL OF INVESTMENTS 521 1-1.. . -, 12-31. share. 1941 599,426 5,845 5,000 724.934 $1.88 197,500 1940 Bank Farm"S TrUSt C- Sin^.-^steu^ 449.086 1.442 S^T^FeWYlQ^Cmo^939aT938 1937 "subswSt SntoolSuben Glass. Inc.. 15,362 599.426 22.08 197,500 RANGE-- 1941 1940 1939 1938 1937 and corning Realty Corp. In Mar.. 1937 com|Dgh---------------- 14 17,4 22|a 21 18,a pany and Pittsburgh Plate Glass Co. (see genLow---------------- 774 12 14,a 71a eral index) formed a new jointly owned com- Hes $25,408 investments in foreign afsubsidiary, charged off. COPELAND REFRIGERATION CORP. P^On' Oct. 31, 1938, company^nd Owens-Illi- w* .jjove statement includes net income incorporated Sept. 14, 1933. in goto ^.jJvision for income and excess profits M r. Canadian subsidiary in amount of pg( did. $43,279), after conversion to terms currency, and royalties and dividends *$;,mDean subsidiaries (not consolidated) In^S*'" took^over^sa^1?? ite^r<Su^gan?^ 1937 set up distributors and dealers who handle *01 sales direct from factory. om>cer: Amor^ Bought^ CTairman; & W. Cole, Fres^, A^. Houghton, Jr., G, D. Mac beth W^C.^ker^ P^. %feJre3m ^St received in United States. Property: Plant located in Sidney, Ohio. and sec.; C. D. La Follette, Treas.; C, H. R. Earnings: Officers: H. E. Thompson, Pres.; F. J. Glea- Young, Asst. Sec. and Asst. Treas.; W. W. Net Net Earn. son, Vice-Pres., Sales; C. L. Curtis, Vice-Pres., Sinclaire, Asst. Sec. Sales Income on Com. Production; E. C. Burr, Treas.; O. H. Busch- Directors: G. B. Hollister, E. C. Sullivan, ~-- $381,829 $1.93 mann, Vice-Pres., Eng.; W. G. von Meyer, Amory Houghton, A. A. Houghton, Jr., G. W. $1,928,401 398,321 J2.02 Sales Mgr. Cole, J. L. Peden, W. H. Curtiss, G. D. Mac- 1,790,076 278,643 1.41 Directors:. H,,.. E&. Tmhuoumi^paswoun, F,.. J... Gleason, beth, Corning, N. Y., A. D. Falck, Elmira. N. Y. 1,345,418 1,303,712 600,452 339,324 208,557 336,277 119,799 d 51,307 1.04 1.69 0.60 d 0.24 C. L. Curtis, Howard" Cline, C. M. Fog*t, "N. "E. Dubendorf, B. E. Gunnel. Annual Meeting: In January. Annual Meeting: 2nd Tuesday in Feb. No. of Employees, Dec. 31, 1940, about 6,800, General Office: Corning, N. Y. .ear 1938, adjusted to the same basis No. of Stockholders: Jan. 31, 1941, 200. New York Office: 718 Fifth Avenue. net Prat amounted to $361,177 or $1.83 No. of Employees: Jan. 31, 1941. 310. Chicago Office: Merchandise Mart. Office: Sidney, Ohio. ^jJSudesdomesticand foreign sub- income Account, years ended Sept, 30: Capital Stock: 1. Corning Glass Works 6% preferred; par $100: ____i:4.4d Balance Sheet, as of Dec. 31 Gross profit ___ domestic and Canadian subsidiar- Sell., etc., exp. .. Depreciation ----- 1941 $599,072 231,052 46,360 *91s9a40 Autnhorizead,. a5u0.u0u0u0 snhares; ouitsitanading, Dueec. 152 891 31> 1241, 23,774 shares; par $100. Closely held. 67^569 Dividends payable quarterly March 31, etc. 1941 1940 Operating profit . 321,660 65,164 2. Corning Glass Works common; par $10: at purities -- Jwitjbles, net . outd interest . mraiory......... $236,658 72,277 403,270 3,611 1.264,341 $345,689 Other income ... 94.126 Total income ... 560.999 Other deductions. 6.426 Balance ________ 698.308 Fed. income tax. Excess prof. tax. 2,844 324,504 16,036 308,468 81,811 63,022 eacic Authorized, 750,000 shares; outstanding. 14992 642>768 shares; par $10. Closely held. 54)523 Transfer Agent: Preferred. Union Trust Co.. 19,833 Pittsburgh. ------------ Registrar: Preferred, Fidelity Trust Co., Total current bldgs., etc- MfCtation, etc. fti property -- Hrfwill. etc. -- in a(Til. cos>*f awets........ Wrrtd charges. $1,980,158 264.468 79,059 185.409 1 465 8,042 25,182 $1,705,548 222,400 66,918 155,481 2,501 38.451 2 Net profit-----------Prev. earn, surp.. Surplus credit -- Earn, surp., 9-30. Earned per share No. of snares Note: Net profit 163,634 19,993 9.971 193,598 $0.25 650,000 34,691 d 14,698 --49*993 $6.05 650,000 shown by company's in- Pittsburgh, Transfer Agent and Registrar: Common transferred and registered at company's oflice- CURTIS COMPANIES. INC. 10,549 diSerence'of IvdeAl'tac^e0,0^ above ^ baU*nCe be*r6 ad^ted"n 1919*8^TM offgbSlyes- Total ............ $2,199,257 $1,912,531 Federal income tax above. tabflshed by Curtis Brothers & Co., a former labilities: yt loans, etc... ;irct advances :miulons pay. tad Income tax. tatounta payable accruals__ $119,000 114,120 41,305 521.618 304,442 23,127 Sales and Earnings: $176,225 Fiscal Nef 70,030 Year Sales 151.745 1939_____ $1,169,071 338.847 1938_____ 960,928 203.286 1937 1,378,526 27,260 1936 1,247,950 Net Profit d $22,458 d 63,443 d 57,382 142,320 Earn, on Com. d$0.03 d 0.10 d0.09 0.22 subsidiary, in 1866. Curtis Companies, Inc., organized as a hold ing company, became an operating company upon absorbing its several subsidiaries in 1937. Since that time the business of each sub sidiary has been conducted as a division of Curtis Companies, Inc. Total current *" tur coming. . >r<tal stock (51) 1--Hal surplus .. $1,123,612 70,000 211.000 (2156.100 Balance Sheet, as of Sept. 30: $967,393 65,000 197.500 83.212 Assets: Cash Receivables, net. Q] Inventories___ 1941 $36,734 279,871 702,770 1940 Business: Company is engaged in the manufacture of windows, doors, interior trim, kitchen cabinets and other woodwork. Also manufactures several specialties on which it owns fta*"! surplus .. :*U .................. acquired *stk! r*l ilk. tc surp. 724,934 1,092,034 86,389 1,005,645 599,426 880,138 Total current Plant & equip. ... 880,138 Depreciation ___ Net property .. $1,019,375 578.852 280.985 297.866 $527,410 565.378 258,608 306,770 Property: Plants are located at Clinton and Patents, etc. ___ 3.257 2 Sioux City, la.; Wausau, Wis.; Lincoln, Neb.; Tulal ............ ** tun. assets .. $2,199,257 $856,546 $1,912,531 Deferred charges. $738,155 Total _______ 4,740 $1,325,238 9.094 Topeka, Kan.; Chicago, Hi. and Minneapolis, $843,276 Minn. ii!iLower of cost or market. Liabilities: D7*~f restoring $72,889 excess cost of Note payable___ ZT,,? `lock over par value thereof previ- Accounts payable iUiSfrted aSainst capital surplus. Accruals------------- M0 shares at cost Fed. income tax. $73,000 249.907 11.946 144,833 Officers: G. L. Curtis. Pres.; E. J. Curtis, $10,000 120.786 6,225 19,871 C. A. Armstrong. H. H. Hobart, B. S. Whitley, C. B. Towle, Vice-Pres.; G. M. Curtis, Sec.; E. B. Oyaas, Treas. Directors: G. L. Curtis, E. J. Curtis, C. A. A|1 accounts due from European Total current $479,687 Armstrong. B. S. Whitley. H. H. Hobart. G. M. $156,882 aod affiliate have been excluded Other liabilities . 1.952 16,402 use... oa`ance sheets, except for a minor Com. stock ($1) . kij!^at>e from a subsidiary located Earned surplus .. 650.000 193,598 650,000 19,993 Annual Meeting: April 20 of each year. <d "Serent country. Investments in No. of Employees: Dec. 31, 1941, 1,900. W ,, wil,su^sidiaries and affiliate are car- Total _______ $1,325,238 $843,276 Office: Clinton, Iowa. * *tak P nal vatue of $1. Company's equity an. ,,,,U)P?an subsidiary, at June 30, Net curr. assets . $539,688 $370,528 'l 1*41 ffi 0ximately $580,000. (SAt cost, not in excess of market. mU of Can.^?ce sheet Includes net current Accounts certified by Ernst & Ernst '**cnio,, ,na^1Tar' subsidiary of $161,132 after ^"**agen.JSi y- S. dollars at official rate of Capital Stock: 1. Copeland Refrigeration or assets of $37,424 after con- Corp. common; par $1: Balance Sheet, at of Dec. 31, 1940: Assets: Cash Receivables, net Inventories Cash value, insurance. $347,840 649,260 1,829,820 113,880 *1Nr 01 e?his ac<iuired prior to Sept, 1939 i*--i uierfP1?e 2?** asets acquired sub- **nuata r*10 at offlclal rate. by Amen, Surdam & Co. u Irving Air Chute Cm, Inc. AT^Ota|-^ * * ! ffl? **'*r?7n<hl000 sfmres: outstanding, i>e2, trea"ryJ 13,500 shares; par Authorized and outstanding, 650,000 shares; par $1. Initial dividend of 10 cents per share paid Dec. 10, 1941. Offered (450,000 common shares) at $1.25 per share (net) in August, 1936, by Lawson & Knight, Detroit Offering was made to residents of Michigan only and did not rep resent new financing. Total current assets Plant & equipment Depreciation_______________ Net plant & equipment Investments, net Deferred charges Total............ ........................ i rom no par in Feb., 1933, share Transfer Agent and Registrar: Equitable paid__ Trust C~o., ~D~ ettrrcoit, Mich' . Liabilities: Notes payable, banks Accounts payable, etc. > If' s-'25 1931__ $1.00 CORNING GLASS WORKS Accrued taxes, etc._______ 0.30 1934__ 0.10 Total current liabilities I2i J0?13169-4-2-. 1.40 0.25 1937__ 1.15 Notes payable, 1955 Serial notes payable $2,940,800 5,713,147 2.629,597 3,083,550 358,070 44,938 $6,427,359 $120,000 308,206 288,461 $716,667 995,911 480,000 2***'or<1 Dec6 lkUaertcrly' Jan` Z' etC" * rfe l1*. by H^KS>hares) a* per share In U ft- Cylbrlowet & weeks and CasKy1' and James C. Willson in 1868. Properties: Company has eight plants, one each located at Wellsboro, Pa.. Central Falls, B. I., Charleroi, Pa., and five at Coming, N. Y.. Depreciation reserve Operating reserve Reserve for contingencies_____ Capital stock (24,537 no par)___ Surplus ______________ __________ 1,787,292 144,632 61,000 613,419 1,628,438 having a combined floor area of over 50 acres. aGENt--Gg,uaranty Trust Co., Total .... .................................. $6,427,359 Net current assets $2,224,133