The news & observer. [volume] (Raleigh, N.C.) 1894-current, 1899-07-13
THE STATISTICS
OF CORPORATIONS
Nearly Nine Hundred in
North Carolina.
REPORTS TO THE AUDITOR
OVER FIVE HUNDRED BUSINESS
CORPORATIONS.
WITH QUARTER OF A MILLION SHARES
REPORTS TO THE AUDITOR
WITH QUARTER OF A MILLION SHARES
The Total Value Of The Shares Reported Reaches
Over SIS, 600, 900 Many Of the Re-
ports Sent in Give no Value
Per Share.

Section II of the Machinery Act OF
1899. is construed as requiring private
business corporations in the State 10
renort to the State Auditor a list Oh
f1,eir stockholders. which official III turn
is required to report to the sheriils g.
the various counties the names OF rcr-
sons residing in each county, who hold
stock in any corporation.
AS ii preliminary step toward comply
ing with this law. the Auditor songnt
the co-operatom Of the sherifs Of the
various counties in the matter Of pro-
curing hist of the business corporations
located i'm each county.
The total number of corporations re-
ported to the Auditor by the sherilfs
was SSS. Some of these, however. Were
Chambers of Commerce.. Beneyoient AS
sociations, Boards of Trade, ETC.. that
were evidently not intended to be Sub
jected to the provisions of section IA.
After securing the reports of the sicr-
ifs as to the number of corporations
in their respective counties, the Auditor
mailed to each corporation circular let
ter. together with Blank forms for max
ing reports These forms contained a
column for giving the Number Of shares
held by each stakeholder. and also Il
column for stating the value per share.
Or the SSS corporations. TO which no
tifications and blank forms were sent.
1915 reported. 1t appears that many OF
the CORPORATIONS did not report the
names of foreign stockholders.
An approximately correct estimate,
though one not actually verified, shows
the following: -
The returns of the 49, corporations
reporting. show the total number of
shares to he 2OJ,S99. About ~ OF the
49, corporations reporting gave the
names of stockholders only. without Civ
ing the number Of shares he'll by each
stakeholder. or the value. thereof.
Some corporations reported the num-
her of shares held. but gave no value
per share.
The number of shares valued at $l1a.
and over. appears to I've 9S.G56.
The number valued at less tnan Slt0
per share. appears to he Sl.2IS.
The number of shares reported with
out value is 26.012.
The number of shares reported as he
ing owned by non-residents or the State
is 57.21S
The number of shares reported as he
ing owned by residents of the STATE is
57.21S.
The value of shares. rs reported. range
from So to x3.:3}3}33.3333. No calculation
has been made with Il view OF arriving
at the average value FER Snare of stick
rs reported by the varions corrn-.t-
tiopS. Int If may no estimated that The
average value per share. is $500. 1t
will then appear. on a basis Of thls
estimate. that the total value Of shares
reported. viz: 2OJ. $780, is $15, 3i2.425.
Students and manipulators, Of statisti-
cal averages might he interested iii an
effort, at arriving at the number and
value of the shares of the 1913 private
business corporations which made no
reports to the Auditor. under the pro-
visions Of section IA of the Machinery
Act, and which. of course, are not taken
into consideration in the above running
estimate