Document pmvzebwXNw71ByMqowxyKQbBD

tU; * ;* V. ; ti , .\ * # \ ;; *3 : ;. ' '<;nts (7^^^ 444 MOODY'S MANUAL OF 1NFKSTMI Income Account, years tnM Doc. It: 1941 1940 Net gales................ *4,205.520 *3.000.828 Cost of sales......... 2.7S1 537 2,490.505 Depletion _______ 2.093 72.526 :-$SgDepreciation ___ 167.131 138.145 Selling, etc., exp.. 185.323 154.391 Taxes...................... 42.363 41.327 Operating profit. 1.057.012 163.844 Other Income, net ------------ 3.495 Total income___ 1,057.012 167.339 Interest, net........ 26.861 72.477 lOVUillFi)Profit assets sold. 188 [083,303 Fed. income tax.. 318.282 11.750 State excise tax .. 36.693 ________ Net profit ............ 675363 166.415 Deficit. Jan. 1___ 793,141 1.010.463 Adjustments, net. ________ cr50.907 Deficit. Dec. 31 ... 117.779 793.141 Earned per share. *10.64 *2.62 No. Of shares ... 63370 63.500 ___ __CDlncludes $78,500 profit on sale of S.S. Lum berman. Note: No provision considered necessary for Earnings: Year 1939........... 1938................. 1937........... 1936........... 1935........... 1934........... 1933........... R>e4v3e0,nI2u8J1e ppInCcHoromsseHE*o5n5M,N0C8eo9mti*B2i..al2OCCDm2oere.Cospcstor.ssen3cs1S.so:cal&idleeaxsotpe.o..d.s..o...I.l.n......come Account, 1941 $7,707,111 6.049.065 159.010 >tv. **,53!?& 4* Operating profit . 1,499.036 Other income____ Total income____ 45.319 1,544.355 Misc. charges___ 28363 Income taxes ... 400.200 Balance Shoe Assets: Cash U. S. sec. cost____ Inventories Notes receivable. Accts. Sc lnt. Tec- 100.000 394,001 3.848 32,035 Excess prof, tax . Minority interest Net income 113.123 Preferred divs. . 456361 Common divs.___ 4.302 Surplus for year . 42311 Earn, surp., l-l . Tax adj.. pr. yrs.. 360.800 Cr 2.853 757,845 76.694 369.247 311.904 850.646 Total current. dlPhosphate Ids-- SPlant equip. ... Other equipment. *1.136.580 1.211,329 315335 32.500 *1.013.424 Eam. surp., 12-31 1351,054 Earn., com. Sc cl. 305.524 B share _______ No. com. & B shs 1.162350 0*2.31 295317 U. S. notes, etc----- 25.425 EAfter allowing for preferred dive Deferred charges. 13.284 13,001 Sales and Earnings: Net excess profits taxes. Earnings: Year 1939 Net Sales *2313.509 Net Profit d *185.765 Earn, on Com. d $2.93 Total ............... Liabilities: Accts. pay., etc... Fed. tax reserve.. *2.734.333 $11,322 95.809 *2,383,003 *16,127 10,550 Year 1939........... 1938 1937........... 1936........... Net Sales *5.082.627 3,793.373 4.335544 3.647.401 Income *624539 270.063 402.482 341557 Jr 1938........... 1937........... 1936........... 1935.......... 1,638.588 Not stated Not stated Not stated d 403.186 556.096 719.156 316.095 Balance Sheet, as of Dec. 31: Assets: 1941 Cash *244.805 Receivables, net 312.148 Inventories_____ 157.441 Total current. Timber land, etc. net Plant, etc., net .. R.R. prop., net ... Other prop., net . Deferred charges. *714394 3,873395 1.228393 1.272.624 75.117 58,128 Total ............... *7.221.852 d 6.35 d 8.76 d 11.33 d 5.51 1940 *122.270 165.083 122,123 *409.477 3.882,199 1321.684 1327.995 90.457 41,455 $6,973,265 Total current. Res. for contlng.. Cap. stock ($50)_ Capital surplus... Earned surplus... *107.131 30.000 1.250,000 1350.000 97323 $26,678 30.000 1350.000 1350.000 26.325 Total ............... *2,734.353 Net curr. assets *1,029,449 IDAfter depletion. EAfter depreciation. *2,583.003 *986.746 Accounts certified by C. D. Giles Sc Co. Capital Stock: 1. Coronet Phosphate Co. stock; par, $50: Authorized and outstanding, $1350,000 (re duced from $2,500,000. Feb. 1. 1937): par *50 (reduced from $100 Feb. 1, 1937, share for share). 1935........... 1934.......... 3.918.713 3393302 345.671 236.189 liS UJUOminon anu vunss wiiuMuu. E Common and class A common. . M, lfeL: Consolidated Balance Shoot, as of Doe. t Aas_s__e.t.s.: Cash U. S. secur., etc.. 1941 $177,400 752.541 . - *11*$ y'.m* Receivables. net.. 747,792 ..c,4MjB Ins., cash value . 0Raw mat., etc.. 111.972 1.668.167 m* -.1.401*1 0Fin. goods, etc.. 626.627 - aWtf Total current Bldgs., equip., etc. Deprec. Sc obsol. Net bldgs., etc. Formulae, etc. .. Prepayments ____ *4.084.499 3.238.350 1.721.138 1,517,212 1 30.839 - *2.744.7) tMJ L58LH 1JHU5 : ~`-*Mt Liabilities: Notes pay., etc... Accts. pay., etc. . Acer, taxes, etc. . Fed. inc. tax res.. Total currentDef. prop, taxes. SCapital stock .. Deficit Total .............. *250.000 75.129 169.743 320.000 *814.872 174.759 6.350.000 117.779 *7.221.852 Dividends paid: On $100 par shares; 1910, tl-,000.00'' *6; 1911 to 1913. *10; 1914. $4; 1915 to 1919, none; Total ________ 57.718 1920. *10; 1921. $9; 1922, $4.50; 1923 to 1928. none; Liabilities: 143.737 1929. $4: 1930. *6: 1931. *3; 1932. none: 1933, *5; Accts. payable__ 11,750 1934, $5: 1935, $6; 1936, $4.50; Jan., 1937, *1. EBank loans____ *1313.203 203.203 6,350,000 793,141 Dividends paid on *50 par shares: 1937 and 1938, *5; 1939, $3.75; 1940, none; 1941, $5; Mar. 31, 1942, *1. Transfer Agent: Bankers Trust Co., New York. Serial notes pay. Tax reserve _____ Accruals____' Total current Serial notes pay. . *6.973,265 Registrar: Stock registered at company's Price decline res. *5.632.551 *386.771 415.320 150.000 761.000 148,713 . *4,047* Net curr. assets-- i *100,478 . d $803,726 office. 063,500 no par shares. Accounts certified. Price. Waterhouse & Co. DEWEY & ALMY CHEMICAL CO. Cont. redemp. res. Minority interest. Deferred income. 035 pfd. stock -- Capital Stock: Coos Bay Lumber Co. com mon; no par: Authorized. 63.500 shares (reduced from 63.757 in March, 1938); outstanding, 63.500 shares; no par. Has sole voting power. No dividends paid. Transfer Agent: Bank of California N. A., San Francisco, Cal. CORONET PHOSPHATE CO. History: Incorporated under Massachusetts laws June 12, 1919. In 1933, company sold Us entire 45tt% in terest in Dartax, A. G., Frankfurt A- M., Ger many. Walpole Factories, Inc. (formerly Multibestos Co.. Walpole. Mass., acquired in May, 1930) was liquidated in Dec., 1935, after sale of its land and buildings. Prior to this, in 1934. practically all of its assets, other than land and buildings, were sold to Dewey Sc Almy Chemical Co. (Mass.). ^Common stock. Capital surplus .. Earned surplus .. Total ........... Net curr. assets ILower of cost or market. 0To foreign subsidiaries, parent company. 020317 no par shares. SCommon and class B common shares: 1941. 295.317; 1940 , 217,397. History: Incorporated April 28, 1908, under In 1936, Multibestos Co. (Texas) was liqui Accounts certified by Lybrand, Ross BiM-f the laws of New York. dated. Montgomery. Business: phosphate. Company mines and sells pebble Subsidiaries: Controls Dewey Sc Almy Co., Mass, (formerly Multibestos Co., a sales com Capital Stock: L Dewey & Almy CMRf Co. common; no pan . <64 Property: Properties and plants located at Coronet and Pembroke. Fla. Officers: J. R. Sheffield. Pres.: A. B. Graflus. Vice-Pres. and Treas.; Geo. H. Burt. Sec.; S. K. Wood, Asst. Sec. Directors: R. A. Cowles. W. N. Cromwell. E. P. Earle. E. H. Green. B. A. Tompkins, A. B. Graflus, J. R. Sheffield. New York; E. C. Stuart. Bartow, Fla. pany organized in 1934): Dewey & Almy Chemical Co. of Canada, Ltd.; Illinois Dewey and Almy Chemical Co., Dewey & Almy (Ar gentina) Sociedad Anonima Industrial y Comercial, Dalex, Ltd. and Dewey 'Sc Almy Pro prietary, Ltd. (Australia). Canadian subsidiary controls Dewey & Almy, Ltd. (Eng.). Business: Manufactures sealing composi tions for tin cans, machines for applying AUTHORIZED--350.000 shares (increased** 37.600 shares to 40.156 shares in Apr- ."a; 50.000 shares In 1930. to 65.000 shartjtajR 1931. and to 350.000 in Sept., 1937); outsW" 288,117 shares: no par. , In Sept., 1937 the formerly outstandine"jJ A common shares were exchanged (ju a, of this issue on the basis of 3 coitunm> . one class A share. ! Annual Meeting: First Monday in Feb. No. of Employees: Dec. 31. 1941. 133. No. of Stockholders: Dec. 31. 1941, 99. Office: 19 Rector St.. New York. Income Account, years ended Dec. 31: 1941 1940 Gross revenue__ $907,633 $396,381 Oper. exp., etc___ 565.060 315.804 Deprec. & depiet.. 64.756 56,540 Operating income 277.S16 24.037 Other income___ 3,203 1.243 Total income____ 281.020 25.279 Fed. income tax.. 0S9.564 3.495 Conting. reserve.. 10,000 Net income 191.456 11.784 Dividends_ 125.000 Surplus for year. Earn. surp., 1-1__ 66.456 26.325 11,784 34.541 and drying sealing compositions, soldering fluxes, labeling adhesives, shoe soles and heels, soda lime, dispersing agents, printing blankets, meteorological balloons, and other rubber specialties, sold under the trade names Dewalco. Gold Seal and Darex. Property: Plants located at Cambridge. Mass., Oakland. Calif, and Chicago. 111. Sub sidiaries' plants located at La Salle. Quebec. Buenos Aires, Argentina, London, Eng., and Melbourne. Australia. Officers: Eradley Dewey, Pres.; Charles Almy, Vice-Pres.; H. S. Ferguson, Treas.; H. L. Gilbert. Jr.. Sec. and Clerk, Cambridge, Mass. Directors: Bradley Dewey. Charles Almy, S. H. Lawton. Cambridge. Mass.; Merrill Gris wold, A. L. Putnam. W. T. Snow. Boston. Mass.; H. S Ferguson. C. H. Egan. Belmont. Mass.: P. L. Reed, Westwood, Mass.: A. Besse, New York; F G. Allen. O. K. Anderson. Rich VOTING RIGHTS--Has no voting D1VIDENDS PAID-- Class A common: 1925... 1928-- 1931-34 1937... *1.00 1926... 6.00 1929... nil 1935-- 2.00 *3.00 mi.00 0.25 119923m70-- 1938-$t? Common: 19"-- *0.13 1941... 1.50 1938... 80.30 1942- 0.25 1939*4. TAlso paid 900?( stock dividend, ETo March 15. PRICE RANGE-- High___________ Low___________ 1941 1940 27(4 32!) 18 20!) r IS . 2. Dewey & Almy Chemical C1 ***** common; no par: --J 4 AUTHORIZED--7.2:9 shares; outstanS8* Adjustments Earn, surp., 12-31. Earned per share. No. of shares_____ cr 4.442 97.223 $7.66 25.000_ 20.000 26325 $0.47 _2_5_,000 mond Mayo-Smith. J. A. Lunn. T. T. Miller. Annual Meeting: Second Monday In March. No. of Stockholders. Dec. 31. 1941. 1.077. 2C0 shares; no par. . _alagu... Ir. Sept., 1937 the formerly outstanm"** mon shares were exchanged tor >- Issue on the basis of 3 class B 0No provision considered necessary for ex cess profits taxes. No. of Employees, Dec. 31, 1941. 673. Office: North Cambridge, Mass. or.e common share. VOTING RIGHTS--Has sole voting "