Newark evening star and Newark advertiser. [volume] (Newark, N.J.) 1909-1916, 1911-02-24
s7l5.926,2 6S IS
NOW INVESTED IN
MANUFACTURING
Jersey Statistics Bureaus Shows
Growth of 1913 Per Cent.
in Year.
Especial to the Newark start

TRENTON, Feb. 24.-The thirty-third
tics of Labor and Industry, of which
w. c.. Garrison is chief, has just come
from the hands of the public printer
and is now being distributed to the up
wards of $500 persons, libraries, col
leges, schools and other institutions
included In it's extensive mailing list.
The report is divided in three parts,
the first of which contains the Stats
tics of Manufactures" of New Jersey,
in ten general tables, with many pages
of explanatory text. An examination
of this part of the report shows that
1928 per e of the total number of
establishments considered are Con-
trolled either by private firms, partner
ships or individual owners, and 67.2 per
cent are under corporate form of man
agement. Note is made of the fact
that the corporate organization of in
dustry has shown for several years
back an nnual gain on private man.
agement of about 1.5 per cent. The
tendency toward corporate manage
ment Is accounted for by the fact that
under 1t liability of stockholders is
limited to the par value of stock held.
1t also promotes efficiency and economy
of administration, by bringing ample
capital and the highest degree of tech
meal skill to the prosecution OF indus
trial enterprise. Another important
merit of the system is that under its
operation, the risks n advantages of
business, its losses and It's profits, are
distributed so widely that the partic.-
pators are not, generally speaking,
either impoverished by occasional re-
verses or very greatly enriched by sue
cess.
Corporation Stockholders.
The r-easonableness Of This onserva-
ton will be recognized ~h;i. the fact
is considered that for eyery prIvat Ny
managed industrial plant in the Srate
there is an average OF only IL owners,
while the average number of stockholl-
ers per establishment under corporate
management Is 67.4. The aggregate
number OF partners and owners of
privately managed concerns is 1913,
while the number of stockholders in
cosporately managed plants reaches
the striking totals of 1903, 1924. This eX-
hibit of comparative popularity should
command the interested attention Of
those who DO not look with favor on
Capitalization of power, whether the
same be in government, commerce,
finance or industry. OF the stockhold-
ers in corporations 62, 059, or 59.7 per
cent. of the total number are men;
Sc, 1857, or 34.7 per cent. are women, and
5,S0S, or Sc per cent. are trustees for
estates and trust funds, mostly the
property of minor orphans.
s715,926, 26s Invested.
The total amount Of capital invested
in manufacturing industry is shown
to be $715, 1926, 268; the increase, as COM
pared with the previous year. is 1913
per cent.
The industry that leads. all others in
capital invested is oil refining, which
reports a total capitalization for the
seventeen establishments in this State
Of 500, 1861, 900. or an average Of more
than So, 500, 900 for each of them. With
reference to capital invested, the indus
tries ranking next in Importance are
machinery" SAG, 800, 600; ''woolen and
worsted goods" $35, 500, 900; brewery
products" $4,000, 900, and "silk goods"
$34, ga 900. The average capitalization
per plant for all included in the re-
port is 1912, 500.
Materials Cost s502,o72,0O0.
The cost value of all material used
in the processes of manufacture during
the year was $500, 972, 900, an increase
over 1908 of SOL, 1852, 900, or a fractiop
over % per cent. This great proper
tomato advance in expenditures for
raw material-more than double what
it ordinarily is from year to year-is
due very largely to the reaction of the
markets toward high prices which
came in with the revival of industry
following the depression of 1907-0S. The
industries reporting the largest bills
for material are: "Oil refining" $780,
37S, 600; silk goods" $2S, 900, 900; "woolen
and worsted goods" 1923, 0S9. 900; wire
aud wire-cioth, $40, 272, 900, and rubber
goods" 3d. $50, 900. The average amount
expended by each establishment in
Guided in all industries was $2l9,54
The total selling value of goods made
by all the idustries considered is shown
by the report to have been 1924, 21S, 1856,
which is s154, 1866, 900, or SO per cent,
greater than the reported amount for
the panic-affected ear 1908. Approx