New-York tribune., 1907-06-21
SOME BIG FIGURES.
''Moody's Manual Shows S36248, ,660, 900
Capital in Corporations.

The 1901 edition of 'Afoody's Manual" just issued
shows for steam railroads public utilities indus
trials and mines less than 3s24s Gs go of capt
talization represented. Of which % per cent,
more than S33 500 10000, Is embraced within the
borders Of the United States. This total capitalize
tion remarkable particularly IN view Of the
tistics recently furnished by the Census Bureau at
Washington which gave approximate estimate
Of something like 5000 10000 the property rep
resented by corporation securities in this country
While the census figures thus given were based on
the market rather than the par value of securities
yet the totals disclosed in this edition of Moody
Manual go far to confirm the theory that the
census figures were rather below than above the
actual facts. In the steam railroad division the
Manual" reports on total Of 256.30 miles OF rail-
road Of which 2220l3 In the United States. This
latter figure is about 1000 miles in excess OF the
estimate Of the Interstate Commerce Commission a
ed for this division in the United States is Sl3 3Ors
$500 which is fully up TO the amounts previously
reported by the Interstate Commission and other
authorities.
The figures which are. however, of most striking
interest to the public the astounding totals
showing the amount of capital invested in the
various public utility corporations OF the United
this particular field. In the electric traction field
the totals reach less than 81, ,422 $4,000 which IS
nearly one-third the par value of steam railroad
capitalization. The government estimate of capt.
talization in this field only few months ago was
about S3,SO00o0,00. In the and electric light
field THE Manual reports total Of 81 900, $40 900,
which is also considerably higher than any figures
heretofore officially furnished. The report of over
1929 10000 as stil invested in water supply COM
panes shows that there is still in active operation
a large supply industry I'm this country which
is not yet in the hands Of municipalities The fg-
ures on the telephone field bring the fact that
the Bell system still predominates in very pro-
nounced way among investors Nearly $1,000 600 900
in capitalization is reported in the telephone in
vestment statistics and of this se1l 900 is repro
sented by stocks and bonds in the hands OF the
public which have been issued by the Bell parent
company and it's thirty-eight operating subsidia-
ries Telegraph and cable companies are repre-
sented by 1896 9o4 900 of capitalization.
The industrial division Of The Manual" which
covers what are commonly known as the industrial
trusts renorts total capitalization Of over $0.-
600 of which more than $9,M0GoONO Is In the
United States. This capitalization represents IN
dustria undertakings and enterprises of every con-
celvable nature which operated under the
corporate form and which have stocks or bonds
outstanding in the hands OF the public. More than
800 distinct corporations are included
The mining division of The ManuaF' represents
the first Intelligent attempt to furnish the banker
and investor with reliable and uniform data re-
carding American Canadian and Mexican mining
undertakings Of the various kinds. Eight hundred
and eighty different companies, including over
g. 100000 of capitalization, are represented.