Evening journal., 1917-02-13
ATLAS COMPANY EARNED FIFTY-ONE
PER CENT. ON COMMON STOCK IN 1916

That the Atlas Powder Company dur
inc the year ending December 81, 1916,
had net earnings at the rate Of 81 per
cent on its common stock is shown IN
the annual report lust issued. The gem
eral balance sheet shows the following.
Assets Plant properties, equipment.
good will patents. etc, Sl02lO 6Os.2s
working assets, cash, 81 ,dsT. 7f5.sli bills
and accounts receivable, s. ,245, 65s.3O;
finished product. s072s76.00; materials
and supplies. S2,952 6C2; outside real es-
tate and investment securities, $780,
503.30; total working assets, S5,lIs,-
53d3l deferred debit item lnetl, S3S,-
I. 13406; total, SIS. f27 s70.54.
Liabilities. Bills and Accounts pay
able. including accrued interest and ac-
crued per cent. dividend on preferred
capital stock. 81 00a, 409.S7; reserves,
81 ,4s3. S2l.3S; preferred capital stock,
,S1l9S. Ono; common shareholders capi-
tai, Common capital stock, $50 .002,-
400; undistributed profits, S2,sSi,24s29i
total, Sis. 427.s795i.
Includes s2l ,725 not fully paid or
issued
includes $3.50 not fully paid or is,
sued.
The income sheet shows the fol
lowing for the year ended December
81. 1916:
Gross sales, $50 $50. 916.25; cost OF
Goods sold. delivery and other OK
penses, SISSY 903 IL net operating
profit. 50 S35.012.54; other income
(neO, 1O477730: net income for the
year. $2.e39, 1884; undistributed prof
its beginning OF year t7,S4i.Os;
amount available for dividends or
other appropriation. S4,3SN153.s2.
Dividends, including interest on tenn
0orary receipts: Preferred. S3SS.-
1885, common. St16A,17967. Total.
50 $50 eS5 e8 Undistributed profits,
December 81. 1916 81 SS4 24S.29. Net
income for the year (less dividends on
preferred capital stock and interest
on preferred temporary receipts)
equivalent to annual rate on common
capital stock, 81 per cent.
The report of W. J Webster, presi-
dent says in part;
Gross business for the year 1915 is
by far the largest in the history OF
the company. While some of the in
crease is due to the manufacture and
sale Of chemical products, not ordinar-
lily a large factor in our normal bust
ness. there was q substantial increase
IN regular commercial business.
ut has been necessary TO install
extensive additional plant equipment
to care for extraordinary business in
chemical products. We continued In
1916, in line with policy adopted the
previous year, amortizing such addi'
tional plant investment over contracts
in hands. thereby charging earnings
and setting up in reserve equivalent
Of plant expenditures made for this
purpose. fst
In accordance with the usual Gus
com. there have been set as de from
earnings certain reserves to provide
against loss from bad debts. accidents
~ plants, depreciation Of plants values
ETC.
1T was found advisable during the
year to acquire by purchase black
powder plant in order 20 care for our
business in Western Pennsylvania.
ave now have six dynamite plants
and seven black powder plants, al
we'll equipped and with ample ca.
pacity. located as follows:
~Dynam te plants in New Jersey
i Pennsylvania, Michigan. Missouri, Cal.
: ifornia and British Columbia
BLACK powder plants in Pennsyl-
! vania, Kansas. Illinois. Tennessee
! Oklahoma, California and British Co
lumbia.
"With the purchase Of the black
powder plant in Western Pennsyl-
vania, above referred to, there was
also acquired a plant for the manu-
facture Of blasting supplies new
departure for the Atlas Powder Com
pany. This is now in process Of de-
velopment.
due to extraordinary conditions
which prevailed throughout the year,