Document qk3eYKaRK13RQ5GR38zx8Kajn

MOODY*# MANUAL OY 4 9HUTIM DATA 1*0 attjg uu "'feSS jfijS iitw BNow stock; ton<*ff tm old _ XS k.D*<- Ot%MAQ ___ y;aU_ to.owr._-._------- iMgtito3towgto'._-- v^tophkaStto *. anil Oil U7 Ml **S *S ur rprfiinr*ai.toekj ----------- a *tk-1----- ---------/:*. inwattry. ate. tele* + rtcelrttMt -- net %_ 143JS ldtoM "i3 i"m7Lm3 injB `Sts ltd 1*080 7J* Protorrad dividend tuna* >na4r*b **"----------- Nnbi.. 100.00 I Mid______ 4>pl. A amort.. Ctarnl, sdm: A otter xsu Nat Income flna aalda .......... Outer incomeTotal------......-------- ---------------; i*nMc(oVmHOe AufdydttuVcNtiWon._ . Nettncome batons Podoeal tuM.. PedaralincocDWtaxae----.--------Nat lncoma .. ts 2017 7.0* 18 OJt 0l10 18 ts __ a 480 ; capital rroex ..*aa^k, 1`T535to^bSotoSM*.ofto Atrmo&KB-ioPS5*h*rfSara!dan(raut- stoat dlvidnd. l&* gPaid Apr. 1.1*4* to teldM* of rseccd 1UI IXJ3 *T4T. 7.M 1*0.74 10J1- JS TaL DM) laruedfor each noparihera). Dividend Bacard i* *> (No par. atera* H-p--r--o--d--o--c--*--n l*20-M nU 1927___ 1.00 (No par charaa--praaeB it28__ o.75 ua-a ue XJi [81935. 1.75 (NTpar aharaa-aftar 1009 stock dhrtdmd) i9*s._ i.oo am 4.0* TBr-- >A 1921 IJO !._ 1.75[Q.^J01*40-- *J 1940... 1J0 Tool***-** S11944. 0JS QlFhi* 190% (took Atvtdnd Dm. XI, 1M < .quartotty about. Apr. 1. par) to aamliqwai *a3 ofBcoti for aaah and JulyhOct, ^ ,,---------"--- to stock ed waned 440 atera* (no par) upon axarclaa of common abovtIO daps prior ttersto. alack partita** warrant* lor cash. . VOTCNQ1 DaeT 1934: 122,737 atera* (no par) JM 100% stock dMdand. (. CJ TUANS New Yo i National Bank, is&sr*"* I InjOe*,!** ` "ana- fr. *4jmi *j)t5fc 2*55 PITTSBURGH PLATE OLASS COMPANY 1*42. i?*8`"lft**-** 1. Common-----------------------------------------------HWT0y to UOS dlmelvad Bad Wlap LtaaMd OQ and acqulraA Mi llninit cZraad 4ter p* 90-44% 147%-llH Bouftm ADciU ccopkttd oonitnwttoo .of.* Ikndd eklflPMpltttjt ttlll JgtnMeSongagrgaStordattaodrtaotTw?asinlmnily*sAiaaar *g4o, r1._98*1. 'TJtCralghtan.P*- lata In &&V2ri&Sia*3a iChmomtai mmSa?ra^eCr wtuimthiotoaol PCaolTBbOg^SM'tMoetomCoo-. Ant onlt ot a n__e_w___p_o__U_a__PjaA gSocaaa and to to ftov_ m* at ftteToestton tena amratton ratod toPannaylranl* to Nov- 1M. Tor da- tte second unit. at,a Mcartenato cd.*oda laeCyr g^Oatj taUs o< stock lasted to 1920 *as CtoM Stock jg Mat *tf* eompittod MaMndta UP; wpidty ot tbt .onld duoilM pimp it *&*?SJS$%L** r*btr . 1997 plant, eapa^dtp ^waJ*SSSSSUV^* cSrt&7aSiJSSctod . rasto.pum Stjg. Ot.. tnah manaf*utiirTi of Damrnora. ln which mttrlnirah Plat* Oku aequtobdVda* stock totarast to Uto kndjraba^prarytly * kM naloitk-ftl Pltojn and (4) .Cercna-Tjhiwdcal Co. ______,--dtp; stock______________ tetotobamb daOp-at a eaat of to aartr 1*24 baua tha . -------------- la tteaa ss^s ssssjs Bra capacity ofltr rVjrtead.Oi, pelat 8b. ^m etoria* and acontrad tb* : a Nairn Co. 04 Loo Ans UB7 cam- Weak* (sea ' l a founpaar aspondonj pa at the CaentorCk n.0^- 5SSr_._f?_to_t *)-j dltodsctd* recalvad; Tbno cub^arto* tte arrUra capHal ctockS of Bad. 1 to 1202. atodaadamotdlratoTnrclia4a9M seed OU Co. and sraanl am*Dar_^ . Muilas.. At.tba 'tone ot pFato-Ctbas oarnad *4* omf tetew.aera^pPittottlobstuoJrcr2kt of Patton-Pttcalrn Co. Colnsabia Cbamteal Cc_S_so_Si_.rmtwLaut_'h^__eB'_PnnIttCtanTbrittriinir_icB_t_wha__nfP^l olIanf.t*tihnGe.liaaba_y__CJ_O_ot.hyTfn-bjPjfaH.l*- ktU^U&i et OtfbirtDB. O. bt|>n production dorp.), which, constructed a 11A99.009 plant far th. manabetura. or m plaaa, aotac tha oompaar** Plato ftaaa anad<zduuPPoonnfafaplpiaiaUactictotlntertopar. to 1931 *o- S<nIiknirtaXddufMaoeUi.l UcoomUnbtarooclloooaftliPadnDplIattzateCracrpo..lor Cc. of pertir-tvrf-t., m,__a_n__n_fraxc-kriraca.of autotnohllf flnlatea. ahiwt.d Anww Cyinmld Ol dui B ftoeh et M per etwr under m opfios to* ^jai Mt toiw< DnpUto Corp.. a wtu>l)y - owned vaMdiaxy. muuhctinvd efetv !**. tnd MiiUml tie InToly. iHi, Pttttbarih Comln* OUm Cup* Announced developcnent of "PoamcJui*? to 5ul7.1923 completed the rabulldlnr and new type ot opagtw Sian that teata.Hko eorit Upon tonnatioa of the company in ISO the ftnf ffpywffgi|] plate elm iaetofy in the UhlM States wu eonitoucted K Geihton. mcdarniiatlon ot it* Ford aty, Ph Plate clan and can be u**d a* buomt elaiMBt ia eon. pJSlaEntJaj&t Sa coot of tsjoe.oeo and lo W, )5 pab^utocSUSoo: ,f. Ufcboat*. ulT_ipdrr>irr^McanHawpd aPceq. uired.'t.o...d...u. d.t.o....kthosa o_f__Dfatoamtao-inad, MPlMato city. iio. piste Mom phuFt xTxhetfsaeapr ltaonitsis snreb'ianbvoe*ratlftieuantfinitaouulaeleo-rman*d_IwtpbrrUo&tuctte^lfhy^ sassL-tf*ctT` T* Z SSSSfe**- *vtsxsstft.sas.ssU4<br.i<nd wwtoipandad~to toetada the dbtrtbutton of Wta<,0W PU" S^o^cp"?"?9- ^---? \--S-STTl-n *w*"ind*o"w "StTklOKtl* S4IMIDIARIKA Parent funcUona ehtoflp am an oparsttnc cnmpanT, tte nrlnetpal aubahttortaa babe Columtoa DaauopnMnt Co*p:. which bolda to. 1907 tenan operation et a Plata (tow tae- tnr atltoaCHr. Pa. and to 1909 at Crystal CltT. sag. Production of ate at and window ptoac bocan in 1907 at Mount Tenon. O. (cloaad .JulT 11,1*43 for an tadafinlto period due tobuatriaaa coaiutioBs), tbrouab acgiililtion of th* plant naw Intaxtor paint. to 1131. letotlr aria American Cranaatd Co., fomiad Southern Alkali Cerp. (ase ap pended statement) (In which tha company own* a n stock totoreat thrauah Columbia Dcrelopment Corp. and American Cyanaroid aaeorittoa (Inal, those of Southern Alkali Carp.), nan-current receivable*, ato -and.th* Belgian robMlriy, which operator tha plate glam plant In that oeuntry. Aa of Dec. 31.190. owned 100% of tha rotlak control of tte to*. lowing: Allied Paint A Class Co- of Chamber* Window Clara Co. Additional mSa' ash and"Su% Mdt'^Smt'at ^arjm CAaltnocoannabyGryl*MPa*intpAainOtlaCno.Ca teat and window glaa* factor!** wars bulk toBHt at Clarksburg, w. V*. Chrlrtt Tax. In Ocl. 14 In Mar.. 1133. ChafbraTk Balia V ------ 2272 MOODY'S V`|.V-.- '~K&:&L} ~~ <.r*. '.*'. Crystal City Mining Co.(Inaethrs) : Columbia Development Corp. Southern Alkali Carp. (51*1 Southern Mineral* Carp. (KM) Southern Pipeline Corp. (1M%) Southem Mino/als Corp. (37-H%) asm sold in utm ooiailHlti to wtcaobfli.. Ai^aiia . o_,_th__e_r _ jWl ________ ^^Aaetika Mtt*i other Industrial cotuumen w il BtftMrtoiii OcCttat `PMt antUasior general trade-puipeee* In pain*- NewMkrtinaviJla. W-Vannedrthroughiaxab- lng of new House* aodrm hosna-rvhabilltatlnitr -aldlary. - Southern Alkali Carp. at Corpus Ss) raw materials-of this oirislon r Un- Chiisa,Tex: ,, seed oU and other solvent*, ooiors. metallic . puterva^vltt^Mn^d^.esmMnt plratjrt Geneva Paint-fMSlass Co. ivoroid-Mixafi JUint Co. (inactive) H. W.JohnsPaint MI*. Co. Onactlve) .Kingston Paint"* data Co., Joe. paMr^nd^m ^Uer^sodtaamgfpim&uon . Umeatoo* quarrtea:at>TnltoSim|{0): anA-gas Nevliu Patau, Inc. Patton Paint Carp. (Inactive) Pittsburgh Plate Glass Co. of MV-hlgan Pittsburgh Plata Clan Co. (Tenn.) Poughkeepsie Paint Sc Glaaa Co, Ine, (for merly Thomas V. Laekaya Paint k Glaaa CoO Queen City Paint & Gian Co. The Ralnay Store*. Ine. pSrSoSeSrwnraaa^r-wT*a_n_n_d____S___S|g_|_t_a___T___^__S__S^S____i_r_^_ ^ tQJE^ sdditloc, 155 wanebotisea andstores'areofver- lure of aoap, chemleala.- rayon, lye, texture. mnrt m netroiaum rculU' im nibber Me. claiming' Other producuro! the chemical diVision include (1) liquid chlorine, used iargrly la the production at chamlrnl*. .textiles ana, pulp, and in water purification (X) modified sted, for the dlstrlbutlon qf. gtam^ palnt.:etc* Research'ikboratorlem^are located-arfopgws; Glaaa at Orelghtdnimalnta atMilwmukee.Newark and Detroit. chamlcals st BarberUau. ': Pittsburgh CcwtUrtrCorpn a 50* owoodoornpany. has aglas* block producing plant at The Regal Mirror Co. sodas (3) special slkalla (4) calcium ehlonda Scwtekley Hardware Sc Point Co. _ Hennig's purifier and soda brloustta*. .used Sodeta Anonym* dee Glace* da CoureaUea ifosr gdeasuslpmhuarizninsg*pTl^fia-nsdkesasst irtonSe(5g)os^atglt *~**i-*..i**~m. *%tt**^* *u**4^&TM** (Belgium) _ SunaefPaint Corp. (Inactive) The Thresher Varnish CO. f^'ra^^.W3SffiSU2 dltimL bf m. plate glamiplrat attcourramllmm-i Un&Mown?alnt fe Gleaa Co. e Wesco Point Sc Glass Co, Ine. A* of' Dec. 31. 19*3. owned leas than 10% salt and Zlinestooe, Baiauveiy minor dtvlsieaa of tho bosineas. compnso the manufacture eg' Portland ce- Belgium. The comp nropertyon-it* hoc SiMianiiiiT of the voung control of the following sub mant, dry colon, iassoaetdea. fnngtcirtra and; sidiaries:. Gurley-Comstock Corp. (S3.I25%) seed grain dislniectanla. Product* are die-, tributed through 155 warehouses and store*' N. S. Whsrrett, Chairman . R. L. Clause. Vice-Chairman Southern Condensate Corn. (11%) _ _. located throughout the country. . K. J. .While Paint Sc Glass Co.. Ine. (57.S4) Although company is primarily a producer- Ianre agdmdiiutioynu,., hjmaud vvtoittsisnipg cxvosnsttarwo*l ovaf Jw-rs**t>ppbs oSOSf cuaivvsimliaBMn g^owoudgs,|' tahsee pgsraotd^fuloc* tMieo>nas owf dtsisrse^ctet J. Ball. Inc. (Inactive), by reason of holding and indirect war materials has. since the eel- H. B. w'ggina President;: R. B. Tucker, Vice-President JL T AaplUBdtC\Vlce-P>edBrat J. H.^Hetoy, Vice-President all Its preferred stock. This preferred assumed break of the war. become a substantial pm F. W. /udson. Vlee-Prssidmt voting control upon dividend default. . Owns 50* of-Voting control of Pittsburgh Coming, Corp: (see History). UMNCM A PRODUCT* Principal Industries served are the automo it/-, of lb bueinsm ptHnoiPAL puurra a propsrtim Far details on property anqnlsllimi. con struction. etc. see Bistory. Plate glass manufacturing plants are lo XL D. Griitln, Vice-President . J. A. Wilson, lbs, Glass Mfg. W. V. Staunons^ Treasurer H. B. Brown, Secretary S. 11 Campbell, Comptroller Leland Hazard. General Counsel __ bile. which consumes the company's safety cated at Creighton aad Ford (Sty. Fa.; Crys g**lass a*n"d fminiisiwhieost, awniwd tMhiex b**u**i*l*d**i*n**g**, wWhMiWchM t(SaIl CWitTy.| MJRVo.,I aaudu C%.<o murcIWslisMe., BIPeTlMg|iIuIMmn (cVloMseWd uses paints, varnishes, brushes, window glass, early m 1540, after (Tmiihii invasion of Bat- plate glass and mirrors. gum). Plats slsas from tbs Creighton end Ranks as one of the two l-ead-ing producers Crystal City plants 1Is* uscead in tbef-a--b---r--i-c--s--r-'-- of plate glass (capacity IOO.WO.OM w, ft of tho company's safaty glass. WtodoWjgUsa yearly), which is uaad principally by die auto- factories arc located si Hssxyetta. OUtoi mobile.Industry In the form of safety glass Mount Vernon. O, aod Carkshurgt~W. Va. which comprises two ahesto of ptote glass pressed together with a puurtic Interlayer. rPolrastTe igtolassBiasnkaalsoaeusoend#foorf sttooeretefraodntatsfi mprior-ducerr of S?ecTo"*rtndo*r glam. ioldundCT ,-Patata are msumfsetured at MUwaukae, Win; DeOsIk Mich.. Newark, N.J, Portland. AOnreg.e;leDs,aCytaoToV. sOnU, sHhoau*satonnd. laTceqxuaenrs aanred pLroosduStosi Milwaukee. Payton^DcIroit. Newark, the trade nemo Pennvernon. Chief raw m*. Houstoe and Acurelea Linseed oil mtUs terials of this division are soda ash, sand, are opmetod at Red Wlig, Minn, and Wewwrlt, limestona and vinyl plastic. _ ^LJ. Point and othra brushes era.produced at Banks as one of the leading producers of Baltimore, Md.. and K*enetHt H. A store front paint, varnish, lacquer and brushes, which uetal factory 1* located at Kokomo, Ind. H. S. Wberrett. Pittsburgh, Chairman Oercnce M. Brown, Philadelphia- JE. T. Afplundh. Pittsburgh. H. L. Clause, Pittsburgh KchabrdC; rtffln, Pittsburgh WHK.tofiUsrTo.y.PNitceawlrrYuoPrknilsdelplils RQJaHy.mBo.nHdlgPghltUcmc Firnlt.t'sPbliil~adslpida BSGicthBl . Tucker, Pittsburgh, ember of executive. (Ammlttsa. Bensral Csaaesli Leland Hazard. Anneal Mssttnsr First Wednesday tn_Aprll. Met erMsMdteOenu Dee 31,15t3.vTj9D.- " BamMyeettclML average.' ,.l Ofece: Grant Bldg, Ptttsburgh. INCOME ACCOU'ITS iitcoistn swnwnis COMPAHATTVK CONSOLIDATED tNCOKX ACCOUNT. TKABS SNDBD DXC. 31 [Taken from reports to Secuttnca and Hkchange Coirunjsslim) tENet salsa_________________SDCost of good* sold.___------ Other manufacturing costs.. 1543 1119.383.530 S7.858J81 1IJJ03.718 1543 310633*345 anus 12.753DM 1541 5I2S.004.911 <3346346 17.150313 55734S.1J1 46332.753 34337,406 M3.U03n 4538*345 5327.425 Gross profit from regular products Grom profit from auxiliary oper--------- 37.121.(31 5743 35.155336 47366.545 34350340 27355341 Total profit--------------------------------------QQSelilng, general Sc admin, expenses 37.635.525 16352J73 35.155.535 17371355 473603a 15.756.705 34350.440 16347445 27303341 1*407345 1535 5543560054' 144012*TSSSSjm 17330.734 17.030.764- MS3I535V 45423355 5.742.445 39335.405 -3S.430.4M U3S7373 Operating profit ---------------------------Interest and dividend* received......... Royalties received---------------------------Proceed*, sale at license rights.............. IXOther income-------------------------------------- 21303.342 1.137,450 46377 173X3420 140*311 30317 23,77343* 1353334 53342 *303317 1X333351 13573Z3 115333. *104353 12,767.005 X224W 145,701 4.003351 77*333 32*.400, 'SiS 20151.73* 8542*4 770351 Gross Income------............ S)Income deductions----------------------------- ----- ____ i I, i. Federal Income taxes --......................-- State income taxes------------------------------Federal excess profits tax------------------- Post-war refund excess profit tax.. Surtax on undistributed profits------------ 23304.013 245335 23454Jtt 7.100*009 364*600 3.000.000 cr 300.000 153M304 JJ.748J3X 7,000000 MKgOOt IPJflt trMM 30.475.SS7 JV7J74 30*172470 xTBOMO IxUMOO 7^30400 35333.140 XX7.72* 10.031.411 am*M lito4S9 TOMS 143U47* 13X1330 UJ.704k uunl 0.114*93.341406 mjio m n3mur t7SMiO 4M.OI3 Net income to surplus-------------------- lIEamed surplus beginning of year.. DlOUier surppllus credits_______-- --------- Dividends ________ ______ Otbr turpli charyf , 12M93S& 57*206,899 I.834J92 .*..^e 11W432 936917450 74VU*i 14.380471 51.050 20^61475 1J17.545 13*793J3f 48.420JOT 30400474 040*003 10.700.4iS 47*913*300 36*170 l073t|U. 6.40M0T 44*400400 iM4a 3.770473 iB.ar7.fl9 41.140$tt JBlil xjowagf rntd turplui. end o4 -- $61,851,509 $83487450 $$1*036.053 $491442.309 $47*313*307 * $44,400*38$ STTPPlsEMEMTAKY P. & L. DATA (COeprecitdon. daptotfon A emort- $5.079401 85444*877 94400,610 84400443 $4,427.43* I4.19ZJ17 O$3$$0t BJMainitntoes end repdw. Taxes, other then income. --**>* 5409.885 2.441.942 4JH442 2404440 4.621*272 9,158.458 3J00430 2.431.787 3499401 UU4U 9*408.080 2>i3.874 usm 2,4)2.000 Rests__________ 1.284*972 227.4X0 418425 ITOsMO 469*634 194,091 520490 164459 473449 USsS34 4f7.onr 109*738 40& 144401 Provision for bed debt* (net)--___ Losses from retirement of proptft7 Parent company's net sales--_________ Parent company's nei lacon*.eMM* Equity in einUnit of sobs, ermsoi ..>*> Dividends from cubs. eonaoUdated, -- ^Equity in camingf of sub*, not coos. Dividends from sum. not coaaobdatad 948^62 Not stated 9109*260.825 12.916418 1463341 769430 1.140.483 323*550 2X8437 Not stated $90488441 1X441404 750410 711401 0384X4 2&7.190 275.4M Not stated 0110.020.063 14.437.0tt 1416451 2*244421 675.7M 28743$ 268405 Net stated $83,637*379 23.063409 2*888.187 1.042.752 C35.933 158*090 204,110 499*97$ $76JU4495 10.034ja 1A47.463 744*438 502.814 87*323 m*ssf sstSatt 6,030^47 MNtt 00$24 990.10$ 1084$$ 313JS9 $$4.70$4]8 17,511.00 248*.971 2,191.904 0804S1 881*70 ITGross Je diacuunta, return* and policy of taking up tneome from subsidiaric- Qptn 2938 and 1939 represent* net adjust allowances snd includes follnwine sales to only when received as dividends, and elimi ments of securities and investments* . unconsolidated subsidiaries: 1937. 82424S6:19*8, nated previously recorded equity ta undis 9QIn 1941. consisted of adjustment to elimin $108,431: 1939. $61,704: 1940. 32$,059; 1941. $23474; tributed surplus of such subsidiaries. Com ate equity la undistributed surplus of sub* 1942.: 0201*071; 1943. $19,150. pany's share of undistributed net profits of sidiar>es not consolidated. Also see note . DInclude* related portione of Items shown non-conaoiidated subsidiaries for 1943 was In 1939 comprised: Net adjustment of value tinder. "Supplementary P 4 L Data** below $750,120 (1942. $342,303; 1941* $388,303)* which of marketable securities and miscellaneous statement amount was not included in income account investments, 3233473: Wisconsin dividend prtv- 0DIncludes equity In ifirefcts net earo- Also see note X. Uegt tan paid tor stockholder*.. Ul.T&O; total. ings of non-consolideted subsidiaries: 1937, fflln 1940 included $300400 and te 1W. Sl* -SW.35]; 1938. 9395,1(13; 2930. $502.0)4: 1940. 0437.. OOO.onft provl5lon for pensions amt rohef. In 1937, ootnpriood: 0H3. A3 of /#m J. 1941, company adopted subsidiary's property. -M.&SK& MOODY'S MANUAL OF INVESTMENTS 2ara cfmerkstable cuHtla amMiUwalls, vestments,: g*39; mlseouanaoua c`3BS3i^1 __ ___ __ ttuttcia M fallow*: 1237, SBJS; T**y na 55; 113*. *3X417. (BUM and prior nan RlaM to aim* account, la other Ineama oCliiMBa 4a4ac Don* See BOM IS. eleven month, to Nov. 30. as company* fliaeal BlMO.-Aftar excluding 11*21.633 surplus at foraiga wMUIln previously consolidated. 052;1W, J1.4W47J; IS&BlASJlf: lMXil0X- eaaaral Mtiw (a) Fexeign-subsidlarr (Bel realised duruJjrSSiVreai-anjlt.Is.-tttgCtnn .. 247: 1*42, ,1.50**24; 1*43, XU1*77. Dow Dot gian), pt^vtonsly consolUatact u not conInclude amounts charged to tmrrc for cn> aolldated In 1*40-43, incL ZB Utf the operations pany*a beliaFgtatrenegotiaoa.for toe. year (of this subsidiary were tacludod for only 194X shouldoat affect earning* materially.-; BALANCE SHEET* COHPABATIVB COWSOJUIDATEDBAtANCS 3HKCT, A3 (Taksnfrom reporti to SecmitMaand Errhange Dntn: - Assrrs ra*h _________________ SU. 8. Government i _____ Bother'tharkatahle aseivlti----------. BlNoMs.dr sects. raeait. accrued. eta. SUbtibMIm *1*4*1*2*432 13*32*71 5.704.772 9*114*3 2404*3* iis,a e -- see xilMOlS --*1msItS JJ&# 23.4U.00* -* *0443.04 2411472 1145301 9439.972 21J3S* ~ *413409: *U02S*T7' WW 1*110 7474.7*7 19,741,72* -iUt:--.*S8t 444DJ3T 4*48044 BTSae. dc.advances to: unconanl. suba_ Blnrat latinlfi subs. not consol.. wiMKiianima Ini--inn i|(| T--^:T,-- Noawcumat-hota* 4*aecoUBM Inert). (Property; plant At equip-------------------ISLea: Depree., dept. l iaatt rw-- Ljcsm'. Kxtraord. obaol. res.------------------ 71*29.799 3*37*10 I 4*53.454 1.034*73 125*70,599 54,325,189 1*51*39 4*97*30 124*37*7* 35X707.173 97*09,71I2 3.909*97 uS*70*99 121,174100 94*20*30 1*33*49 137*84*99 57,743*111 848081 LttJDBI 3.44S*n 77*27*19 10O4OS1. 742,380 -- ------- *49.971*07 - 09*4X90 1*75*29 C9t*m : *45,101*0 -'.0k*7S*5 - ijmm _ 3W.T7* . ' --~Ww Nat property_________-------------------Patent*______ ____________ Deferred charset,,--. 60090.444 1.701JTT 64y088s628 1*99*22 99*99*01 L7M.005 41*19*99 l*0f*M 90*03*224.439 1*90*29' 92*54*30 taUtjfnf (3*71*39 1X439 l*93,4tt . Total .....______________________ LIABILITIES Account! parable, trade...________ Kotea payable_______________-- Accrued***** - -m _A Other.payable* and accrual*_______ ratal carrewt tlahititlea______ glCollectad on lnatallment aalaa... Deferred credit* ..._________________ Reserve for contingencies------------Insurance reserve Perulon and relief fntrta.. Beaerva for mglnt. dr repair*, i Minority intareet_______________ Capital stock (par 325)________ (Surplus_______ --____ 5148*08*62 54*72*09 13*15 13*27,797 1*09.492 819027084 79007 4013712.086758 2,462018 i.TsiCm 2.407 55018,075 62O740M 3139JMJ23 w JS $14.323,9M 9MJM 1*7*47 4*11*42 2*44*49 . %$& 141*99*10 93*83*75 . 19*09 17.893*12 1,412*39 522*09.057 2389.492 198.043 4.931*99 2*09*91 ijoo*7i 3*97 94*40*50 24*92*99 $129.90,712 XMlsttf 886,600 7069034 1016^87 511.94X989 *939.709 174.710 4,931*85 1*83*18 2*42*39 1*41.053 3*29 54.701*49 51*91*59 91X4*80*59 ttmjtt 12U11 aj53joa 2A2SJM1 ItJSUB im.us 178086. UlUtf . 1,786484 2,000,006 144|4j0g32 . MAS6A66 4IM7.808 3118.147*39. 32*97.441 149*90 2.731*04 1*55*73 *4*20.77* 91*14*77 122,122 5.003*07 X974*21 1*00,000 X424.472 32*00*5 47*13*07 5118.121*04 8X499*10 193*09 .145*00 loOOQ(0W` M06J2I. 530lS 44.409*89 Total .. Me* current aaaata_________________ PSOPZBTT ACCT.-AlfAl.TBIS Additions at coat__ Retirement* or aalaa. . _ gg^r^U^Bd deplete-------- 8146208068 858MA22 52*75.499 1*31.497 "038 im mnii mm3 tSttS *u 58*51*43 1*73*34 52.705*29 cr 5*23 *m,442.713 845*42*99 $7,949*90 1*90,794 4*40*43 *114*50*98 *43.073*39 **.lU.73t 319.00 X429.0W '*118*07.130'-v 9111(12304' 340450J2T 538,711*75 0*33*24 440*74 X1M.7U' - - I,40JU1 ,ssm er54503 pS&l*amostb*8- HI liTfed to profit St io*M----,--,-.r,, .Cbiried to other accounts ^jtlwnieati. renewals Sc replace*.___ Other changes____--<criJ 55*92*27 54.135 5--33*_9_4_ a era era ***4*41 .92**52 dr 34JL38 94*93*10 51*51,571 1*98.170 ----- ------ ------ Lower ot cost or marJoet. Market nlm, invested in treasury stock: 1317. 5742*75; 2938. Provision for depletion .of salt thnwtoae, Dec. 31. 1943. H3.14Z.338. 3824,004; 1939. 3399*0*; 2SM, 32*0*09; 1942; 3130.- clay snd.coal deposits for 1943 waa aqutvaleat ({.'Lower of cost or market. Market Dec. 32* 2943. 16.023*350. $A/ter reserves <1943, 1948.862), _ 000: 1942-43, nlL to coat of such: resources reeoveraffrdurlng _ 01941: Represents adjustments to estate property accounts at eppraised ntt et Dec. year, that cost being:, computed os rsDq of resources recovered to t ' Asia of OlAt less than cost or market. At Dm, 91* 31, 1934, plus subeaqurnt eddittops at cost; 1943. consisted of: Finished goods. flP.S34.303; credits to depreciation reserve. 551*51*71; net work in process, 82.404.748; raw materials, credit to reserve far extraordinary otwolea- S&425.Z96; supplies (including repair parts)* cence reserve. 51*57*4* 85.512.402; total. 124.866339. Sl9*3: Consists.ol: Securities of robsiftlarirs not consolidated. f5t570.500; due from rabddl* nlei not consolidated, $1.367310: total, 86,937,- 1*40 and prior years: Credited to asset accounts. Ineiudw amounts charged to con* reserve (aota CD to consoiIdatad operations are dlrecledbythoparant through it* organisation (excludes Soutbenrs AJkaB 820. corp. 51% owned). In UM- iasa and lstr ae-.. @1943: Deed in business: Lend _________Buildings. _____ Mach. Si equip.. Construction___ Unused facilities. Other property .. Total Property 86.724.606 36.386,771 78.357.637 715.874 788.583 2.994,095 312368.568 ES3SS BAt net carrying value of investment tn and aMdovtaan(cbels btoealonwd)f.r'om subsidiary *' * coofoNptoavo.;f-lootnhe. flaar-e1)9r3n3:*-nnebt*'idciuarrryenintcaluadaeetds aSs. foreign subsidiary were converted at rmta of i*.su.rM exchange prevailing at Nov. 30,193*. TUrdxed 42*99420 PepredaBea PsMtyi Provision for depre dation of depreriable asaeta was made at Maraiwe^oonvgried generally on the tawia "sSCol various annual rates, which are based, oo the 1.752*81 estimated useful lives of the respective Items. Computed composite annual depreciation waa not eonroud. surplus of this___________ __________________ rates for 1*43, based on provisions for year from consolidated earned surplus, aa od Deo. 534*2*475 and balances tn adjusted property accounts 31.1939, and net carrying value of the (si'ieet 1946 and.. prior years propertyu__f_f_h_e_d_ at depreciated cost. Annual provisions for de predation and depletion were credited to asset accounts (sea changes shown below bal ance sheet). See note <c> below. ODIncludes suOseriptJona under offleen and at beginning of year, plus one-half of oat aUAnd4iwritnBporofovrensuaftl.^.fo4l.l7o6w%:; nktJ-rifldlaufbl,ua$4lB1%iii:; mcchinery ud equipment. $J(%: m4 in op eration: outiding*. 10.96%; macntoriy inf equipment. 4.67%; other real estate lend end meat and- advanem' to and from thla eubcid. tary la now statad-at *1. (c) Prior to 1041,-It waa rvneral policy of company and subsidiaries to credit provuina tar depreciation, provided for oa bad* of coat ofthe property direct to related property employees' stock purchase plan: 1937, S125J.128: 1938. 8974,192; 1939. 9787.475: 1948, IS27.CT5; dwtfilngs for employees (including Usd and dwelling! under contract of sale), and invest. sce<,u5i*L.In M>Pay *nd oubsHumaa eompietod major portion of uulyvn of thetr 1941. $257,125; 1942. $96,886; 1943. $79JOT. meat property: land improvement*. 3*0%: Mcpnoti co as to restate property it oot* (LSlnchld capital lurpluc 1927. wrlttaa oil: buildings and building equipment, 1.55%; ma and to segregate amounts of aocnwd depr^ lass. nil: 1BM3 (paid-in), 3323*00. Amounts chinery and equipment 0*2%. FINANCIAL A OPERATING DATA Earned per share Dividends per share____________________ Price rauige___________________________ Net assets per there Number of shares ______________ _______ Pteee,ta and OfMrWdng KaKSee Current assets+eutT. liabilities---------% cash A securities to curr. assets____ % Inventory to*surr. aasets____________ % net curr. assets to net worth Canltaltaatlon: % common stock at surplus....____ Saiesu. Inventory________________________ Selei ^-receivables _____________________ % tales to net property________________ f sales to total assets__________________ % net income to total assets % oat Income to nat worth-------------------- 1M9 66.66 $440 U-64^ SS324 2s20tv733 X74 5MI 34.62 44.73 100.00 449 12.09 188.01 lli 3.10 llg 190 mtalff 80*4914 ouJl mm A13 4UJ 4941 IM4 168-M >15 `55 10 M4 1841 85 Ntt-U 848.76 2.188.438 3.78 ft2 35.86 100.00 6.03 11.03 18843 90.53 10.88 18.72 1840 8840 89.00 lM`4-65 14157 2,188.040 441 4648 3744 42.76 100.60 4.55 1<M1 159.46 7549 10.64 ttM 1836 rs 117-90 S4T0 2.177*24 5*7 43.77 39*3 4X17 loam 40 ,.64 137*7 97*1 AST 10*1 1988 83.01 IL7S 115^58 846.98 2058.764 7.1# 4201 JJ0 88.64 IQOJto 8.26 8A5 103A 84.47 548 2274 MOOmr*S MANUAL OF INFB8TMENTS UMk I mIsalss-- _____________l fromproducts .. aros* pruflt tram a.oml Total-profit-- Sell,gem* adm. aa % 190.00 J1.8 040 tut 11.73 1744 110.00 JAP 32.01 88 tur 14.74 i*u % 100.00 C2J4 27.18 irli lira 22.41 10020 3321 3321 1UO 12.72 3323 S 13.10 1*27 HT 100.00' S3 *740 HAT Othevrincoino --.-- Gross'incon* ______jdeduetiatu. Hot. toeoao;hafonr1 Provixton for laxas on: Not income. ti 1U3 Ml 11.72 U1 1141 TH 1731 441 lMt its IS p 024 US? 11JC 11.71 1.03 10.75 4.7# MM 18.. 1440 ICC 17.431 L8 1337 . M3 . 1114 4JT siS: OAFITM; STOCK ISM___IAS 1337-- 1.73 TRANSFER . AGENTS--Peoplaa - Pittsburgh Trust Cos Pittsburgh; City Bank Fanner* jLjmMjjjr* He* flUooeOh.oieetoperON 19(0-41 300 1MZ-- MS Trustee, New York.- AUTHORIZED--2,600.000 shares; bnu*L 140- mOBIRAie-dtoai nat Co. PltMaaOc ?23shares: outstanding, D*e. Sl.l*. 240725 tortuck Apr- WIT. Guaranty Trgat Co.. NewYock. --. v him; perj( (changed from 08 per Oct. 0. gjpiua 30% in acock Dee., 1300- ISSPTn--IJponira Inrnrporstlon tn 1330. 307,. *KW;fmirtHrorrhr---..*< nawan*f*tut XPlusSO% to itoek Jul. 138. 34*. ahum of now aioo pnr atocJt.were laaaed *eeh IlCOpar (hare). gnpiux 13% tonock Doc. 1,1223. u follow*: 147400: aharee toboldara DtvMoad onrd (to () . uDTo July a. >104 par cotmnoa'<ra share far share:bests;; 14* aharea tp-holdcr*:.Of. Ola :WJp .preferred (1100 par ohorou IttMC NU 1339__ 5.00 mi207-IT 31920'. ' i8 191*__ 10.00 101-- 400 ffl1922-28 18.00 19*7,-- US 110248 343 1919.w* 1822wM iI-S 18B..* M0 *S&* PREEMPTIVE BIGHTS--Aavnroyldad by the statutM of the Commonwealth of Fanny*? vanin. on the heals of twoxharasfor seen Mare bald; 47.7ar sbara* to -stockholder* - af;celumbla Chemical Co. on-,the basisof 3/10 :of Aihar* ; forcscbshafebeW; 10474 sksrestominartty . etoefcboldam (44%1 of Patton-Pttenlm'Ca. an (S2S per itens) LISTED--Pitteburah Stock Exchange; alao a aharo fo* ahara-baste." 31928. 030 1921__ 1.75 19Z9._ 3.0 102__ 0.75 1990__ 2.08 1933__ 0.70 traded to u-1 ****"* section of Near York Ctirb PRICE BANGS- 1943 141 1441 Exchange. Stock------------------- 90-04% MHrMli Ys-W THE RICHMAN BROTHERS COMPANY OAPITAL mtUOTUmi CAPITAL STOCK L Common EarnadperSh. Dhapeto 4jm2* 138 198 (340 0.0 198 000 1*8. (340 Frioe 347W3% HISTORY Incorporated to Ohio. Doe. 13, Ifit to oecruto* company at. --.** name formed in 1304. Buis- ivuiMMunatm was, originally catabllabed in >373. irblgee (7) DetrrooliUt J) j Graind Bl e.pide Hsmtpsiwpfc JafikMB KAltnam Wteoonaln () Bond du lac Dividends Surplus, for year. Earn. surpU 1-1-- Earn., surpl., 12-31 14*7,417 1453404 8448 SJSS Functions as an operating company but ee of Dec. 31, 1943 owned 100% of too voting GaimnxStnLa (4> __________Earned per (bar* No. of share*__ ^ control at toe foliowin#: ,, Chicago (4) ^Appri^nstaiy 054.000 above aalea dM30 Name and piece of Inconorattsn BuildInca fcXtnw. Inc. Onto. BUSI MISS 44 PRODUCTS Mraufaetnres end sails men'e datttaf, ndj aa suits. topcoat., overcoats and trousers at retell, through O elite own storm located to 1933, suite,, traeoete. rad evorceate wmw add Decatur Oak Park TortWayna' Richmond South Bonn NANAOSJMENT ESSShlfe. OmahaTNo^ Wheeling. W. Va. Note: No excesstva profits found for year 1943: company betleves tt had no sxressjve profit on renegotiabla bmlnras foc year-130 8ALANOE SHEETS (Takaa from rlportav to etofthnidarr. foe sma,------------ ------(ram reparte to me1 jgemMdoM on a cash anti one price bail*. the price being reduced Horn 03.50: to 100 to025B. at which T. C. Lawman, President Cash :____________ 0734.70 ` 0199433 level it remained" unchanged to Nov.. 1131 G. H. Bicbll QJMkt aecuntles. (.41748. - T4T- -- when it wee reduced to 89.00 rad to June, 1933 to 11(40, from wblcb tt war tocreaMd to kY'Kota, Vice-President Aecte. receivable. tErtelah. gmimta-- 1334731414441 1440471 31340 in Sept. 198 end o 0(40 to March. 0 L. Brown. XRew mater, etc. 343140: 34*0417 1S37, from which it waa reduced to 07(0 to A. nenerm, VI Dec., 1337. , .. . At 8 of ltaetoree, company her edited men's furnishing departmente selling apparel made by other*. In Jen.. 1943. increased price* to 334.30 for Standard Line rad to 0340 for P^NO^AlTpUHITS PROPBRTIBS The ' muufactnrln# plant It located at Cleveland, O, on leased premiaea and baa ap> proximatalr4.DOO sq. ft of,floor epaeo where departmente are operated for cutttos. eewfn#. preeatns and aponetne cloth to, the,menu; raeture of men'* clothing. Operate* *0 retail stores to SS eltie* (toa'came numberarat the end 0>r 1931 and comparing with 17 at toe end of 1930: 0.ln 1(39 and 14 la 183). ell oi which A. C. Bor ?. Jungles. Vice-Pieetoent C. S. Paldar. Vlce-Praelrtatit 0 A. Bondau, Vlcn-Pne ' A. 8 Breen. Treasurer T. 0 Jones. Cleveland 1 T. rreibsrger. Cleve. Balghto O. 0 0 Kobn, Cleveland E. C, Lewman. Cleveland, o. O. 0 Btehman. Shaker BeJghts, O. John Sharwta, Willoughby, o. -feual gteaMem rim Tueeday in but if a legsaj batlmiy than on oext T Dec. 8.1343,440 Total-Ctirrent1 Land.' bldgx, etc-- Denrecteoim- _____ Net property .. Store prop, net-- Other assata___Post-war tax raid. Deferred chargee. Total_________ Liabilities: Accte. pay, etc--.. Accrued taxes___ Olneome tax res. w&*ao* 772.2S7 . 1288,228 2407.929 83.482 408.442 140*882 0743348 $992,113 224.082 844.720 0JAi *?S3B ism 78JOB sis 07433430 m,nr are under tong term )*** except a part of the Pittaburgh atore. The tow Urgeet ateee* _ Dee. (1.138. 2430. . UN Bast 8th St, risvaland Total current. fflCotn. stock____ 'l%l& . ^33 are located at Cleveland. Oilcago. Detroit xernsd surplus .. 13.47948 1340.(8 and Pittaburgh. Die 8 retail unite am located INCflBl AOOOUNTS Total_____ -fouo-e: AtoonM*T) -Altoona - (t) (Taken from reports to stockholders; for priorjeam (taken from reports to the SBC, CDHeacq. stock___ Net stk. te surp. 1I.C07.S41 775.08 15.3*1473 070(8 37548 114*7410 CuitM Cincinnati Ctevaland (a) Columbus Dayton Lima Lorain Mansfield Portsmouth Steubenville Springfield Toledo Youngstown Zanesville Erie Harrisburg Johnstown Newcastle Phlledelohla Pittaburgh Waahinnoa wiUces-Barr* New York (4) Buffalo Elmira Jamextown Ml Net sales --____ Operating profit-- Depree. It amort. Net oper. profit.. Other Income____ Total Income____ Pad. Income tax.. Excess prof. tax.. Post-war tax ered. Pr. yr. tax ONot stated 04048 1843* 3473.711 284T3 4.000.79* 40414 790.000 1400400 cr 190400 12.78 Total________ Net current assets ff|Atwit Market value: 138; fSJ T:S___ TIMM. 280JIT 11B4.T8I 1S8.288 4*341.028 24474 747.008 2450J08 er 2X5.008 cr 2.225 I no par shares. I shares at cost. ydcdneth^U. & tax notes: 108, 0- process and 'finished garment* are _______at materlal and labor costs only, with eilowanceo for slow-movinx gartaente, (BAt lower of cost or replacemoit Accounts certtfled by bust h------- INCOME ACCOUNTS COMPARATIVE CONSOLIDATED INCOME ACCOUNT. YEARS ENDED DSC. 0 (T*k*n from reports AM with Seeurttlss avid SxchsnRS Comm*--Ion) ({Tor 1HH2) from report to tsttooccfkchhooldldeersn,, see share) Bales* less Aacmmts, returns A aBow. most of sales__________________---- IDSaUlnt general & artmtn i 1M2 S22.SS2.108 IS 310.233 4J4S.78S 1241 S22.452.848 I3.7S3.3SL SJ20.788 217J25.470 18JI8J4S 4.588,722 1222 $18,425,588 9JOJ22 4.443.412 2222 HOB.0II 2.702222 122? $15242.02 4,482.772 $18J27.I33 12JT6JB Operating proot interest earned (403.18 1048 54.81 3.007.48 0411 0.*>C 2J10.102 112.925 S4J25 3413.08 1X748 18407 I*128j724 18)jm 88.087 1473473 18.83 840 148.40 201.10 848 Total_____________________ AOsadlaaeous other dathiettoaa.. 4359388 24374 3.773.071 748 UM2S 72*500 (494405 504(7 ijsam 50*734 l*23& **83 448.9N 3.7840 3435,(4 3484a 147(85 1488* 148,08