Northwest Arkansas Times from Fayetteville, Arkansas on June 5, 1952 · Page 7
Get access to this page with a Free Trial
Click to view larger version
June 5, 1952

Northwest Arkansas Times from Fayetteville, Arkansas · Page 7

Fayetteville, Arkansas
Issue Date:
Thursday, June 5, 1952
Page 7
Start Free Trial

Page 7 article text (OCR)

Largest U.S. Msnufacfuring Companies Have More Shareholders Than Employes, Bank's Listing Of Top 100 Indicates J«tORTHWKT ARKANSAS TIMfS. Fay*t1.vJfU, ArVa«*r Thursday, Jim* S, I9S2 By SAM DAWSOX New York-Wl-The bin fellow in the m a n f u f a c t u r i n g field kcrps growing right alons. Bui his make-up has been changing oven faster than his size. The largest m a n u f a c t u r i n g companies art? likely to have more shareholders nowadays t h a n em- ployes. The days of the big individual shareholdings are numbered. They are likely to pay almost as much in taxes as they do in wages and salaries--and four times as much in taxes as in dividends. And they have anywhere from $7,0(10 to $50,000 in assets for each employe. The TOO Jarfjesl manuf:icturing companies--that excludes railroads communications, banks, insurance companies, rctni! and service companies--arc listed by the National City Bank of New York on the basis of total 1951 assets after , deducting reserves for deprecin- j tion. I They range from Jersey Stand- · ard Oil with almost 55,000,000,000 ' in assets to Crane Company with $172,000,000. They are the top a m o n g 100,000 m a n u f a c t u r i n g ' corporations and 200,000 :mnu- farturing plants owned by individuals and partnerships in the United States. Employ 4,200,000 These 100 employ 4,200.000 persons and have 5,400.000 shareholders. But many of the shareholders may be duplications--one man may own stock in several of the 100 corporations. The average investment per i emoloye is 514,000--ranging from $7,000 in the auto industry to $50,- j OOfl in tobacco companies. -e 300 pay 174 billion in ' wages, salaries and such labor benefits as pensions, insurance' and paid vacations. This avert ages 34,100 a year per employe. The bank also looks into tho balance sheets of these top TOO. : Their total assets ton $60,000,000 dolars--$25,000,000,000 for l a n d , plant and equipment and $35.000,- j 000,000 for cash, securities, inven- ' tories and receivables. : Their sales and other receipts ' last year totaled more t h a n $78,000;000,000. Costs took 03.1 per cent of that, leaving less t h a n 5^ j billion as net income after taxes, ' or 6.9 per cent of sales. Divided Evenly This income was divided up almost evenly between dividends and reinvestments in the business. But federal income and excess ' profits taxes totaled almost 57.000,000,000 dollars, and other feii- cral. state, local and foreign taxes adder! more than 54,000,000,000 j for a total of around $11,000,000,000. The bank philosophizes on what these balance sheets of the big fellows show, as follows: "The figures .show t h a there is ·· no inherent conflict, but inr'cad a close partnership relation be' twecn the interests of employes · · anrl shareholders, w i t h some : people supplying the brnins and ; labor, and others the tools and i capital. Each group is necessary · to the other. i "In addition, the reports for . 1951 show the rapid ascendancy of . a third 'partner' in business-: I government--which although con- I I tributinR neither capital nor labor ' · now takes a lion's share of the : profits." E;fH" ^bK\\ Dump In New Hebrides, Including lld ' M ^.United States Warship, May Be Subject ;; Of Biggest Undersea Project In History .-- | Sydney, AuMrslia-'/P'-Pl.-ms air- The c l u m p lies t h r e e miles off Many single-celled a n i m a l s "Cing ir.ade here for she .salvage 'Sun'." Point in t h e New Hebrides which reproduce by division are °f a b i l h o n - r i o M a r "rubbish d u m p " It has hern t h e r e s.m-r- t h r - c n ' l ' v i r t u a l l y i m m o r t a l because the in t h e .Vew llrhndes. This will be t( World War I I wir.n the - \ n r r i - suhstam-c of the parent I n d i v i d - an undersea project -the biggest cans tosM-d v a l u a b l e efjiiipnu-n - ual is preserved when it divides to over undertaken in the South !a- i n c l u d i n g .leeps and h e a v y c a r ' i - - planned it will be th its kind in the South tendent related, providing a recreational area for all the At present, he said, 20fl to 250 youngsters are enjoying sup vised play at the field c;.ch a crnoon. t a k e i! l i a i - k t f i t i n - T. S. ;,i,,| :,|1. The r.-.:in behind the p i o j - in NV- A r.tme* three ytan tin. a d n l l i r m I h . - i o ,., »,, A ' i i . - i i - «-t ,., S. i;,,,,-!-... in. a d n e - k . r ,.t -'.'.;· v.ill h a v e to spend a for- v,,,!,,,, t h e I , . ' . M M · - , , r s v , i ; ( , ^, K x r . n i n , iv,,,, ; ,, n v !m:e .,,, n , , l p p , n e « 3p ecial M . V I ,"w"';.-,' - ' " · ' · i " f s ---'"'"-- ' ' ··"·"·""'"" *· ".'Job I'^vnp'.'.'-'.^'.^.!'."''.'-!:.^'.-"-!. % Tn Siirml I.llirr.illv ' . ' " w l " ro '- 1 u ' 50 ' 000 pound» . . . · ' · i M l ? n u n p f,, r fijuiprr.ent merely i f t u r n f l tn Svdrn s :it'(-r r.m rr rr \far Cakes ItoerfeE "Itenfta mHCA^mCKT SEILIH6 $U6»8S Rhee Reassures Truman, Cries Exaggeration To Dissolve The Assembly Only As Last Resort Pusan, Korea - UP) - President Syngman Rhee today told Presi-i dent Truman the South Korean political situation had been exas- trerateri anrl t h a t he would dissolve i the National Assembly only as a ' 'lar-l resort, a reliable source said, i Mr. Truman hart written Rhee t h n t he was "shocked" at the t u r n of p o l i t i c a l e v e n t s in this provisional South Korean capital. He i cautioned Rhee not to lake a n y : "irrevocable steps," such as dissolving the Assembly. Britain and Australia also sent j similar messages to the aginjr Ko' roan political leader. Rhee reportedly told Truman the situation here was not as serious as the U, | S. chief executive thought. Truman Rets his reports from the State i Department, which pets them | from the U. S. Embassv in Pusan. · The head of the Embassy, U. S. Ambassador John J. Muccio, reached Tokyo today en route back to PusRn from a shortened vacation in the U. S. He said he believed opposing factions in t h e . I South Korean government "will Set together and straighten t h i s ' thing out." Lions Club Has Picnic Meeting Al Playfield The Fayelteville Lions C l u b had a picnic dinner meeting yesterday .'it H a r m o n Playfield, h i g h up on , the h i l l above the football stadium , and close to the present administration b u i l d i n g , formerly West Side School. Superintendent of Schools Virgil Blossom gave an o u t l i n e of tiie Harmon Playfield : program, including the current changes and plans for the f u t u r e which include nt some later date, a swimming pool. The playfield will be provided to the city for use by every age j group, he reported. At present a | Softball and baseball field is under construction. A wading pool, lights for a picnic area, and many other conveniences are provided for those who may wish to use t h e ; : area for recreational purposes. : The school-owned area, with the : new high school, Bates School, : \ field house, football field etc., com- ' | prises an area of 56 aeres--more ; · t h a n h a l f of it on the north side! : o f Stone Street. Various civic clubs of the city have contributed to the development of the site, with ' the Lions Club the largest con: t r i b u t o r . Blossom said. When the area is completed, as i:iv".llj(.V.- thr- position f u l l y . it if u-p c:in recover most of the j r n r n t lyiri^ o-:t '.here it will f-l! vor'h !he e f f o r t . " , r t y to t h e Mew Hebrides I h r ^ f rnon'.h-: and to start sal- ce operation*, three months later. AlivrrliHf fn lh« Tljrflil--II D«T«. AIR CONDITIONED FOR YOUR SHOPPING COMFORT CONSU STORE No. 1 S. Side Square Phone 94 S U P E R 16A MARKETS PRICES ALSO GOOD AT PUBLIC'S IGA MARKET, SPRINGDALE STORE No. 2 300 W. Dixon Phone 240 SPECIAL NOTICE: OUR 300 WEST DICKSON STORE WILL BE OPEN EVERY NIGHT UNTIL 9 -cr SERVE THIS ITEM OFTEN Large 14-oz. Grennen (Any Flavor) CAKE and / 2 Gal. Frozen Delight ICE CREAM . . . ·^/l" ·· */b" ** At'' *· */b » *Hi' * ^ « *Ht BOTH FOR 00 OLEO COFFEE PINEAPPLE Blue Bonnet Chase Sanborn Admiration Bestex Crushed in Syrup Ib. Ib. Flat Can 25 C 790 10 C CRISCO SUGAR PRUNE JUICE Powdered or Brown SUNSWEET . 3 £ 79c Ib. box lOc . . qt.25c Franco American in Rich Sauce · · SPAGHETTI CHEESE FOOD . . . . 2 DOG FOOD IGA Dog House Brand · · · · L Cans T °" Cans 69c ISc llfV Pen Jell or SURE JELL box lOc Van Camp's MACKEREL tail can 15c Royal Guest CATSUP . . . . . tall bottle Sunshine Krispy CRACKERS . 2-lb. box 49c Clabber Girl BAKING POWDER . 2-lb. con 29c Paper Shell PECANS lb 30c Hershey'* COCOA Ib. con 49c Park Lane SANDWISH SPREAD . pt. j ar 19c Del Monte CATSUP . 14-oz. bortle25c Big Ben PORK BEANS, 2 No. 2-2 cans 25c Madison SALAD DRESSING . . full qt. 39c Pure Cane SUGAR 10-lb. bag 89c PAPER NAPKINS TOMATO PUREE SHAMPOO White or Rainbow Elcore 60 Count Package ·V*- ' Toda ^' s Besf Coffee i «·* SNO WHITE I ALUMINUM I VELVEETA I » f , 1 I GFHRFn-J HOMINY FOIL CHEESE Matches BABY FOOD 3 K; 251 I 351 Roll I Mb. Box 79g | S( Box 3 Cans 25? Fitch's Dandruff Remover Regular 59c Size Matches Only 8' C «» T SUNNY MORN PflFFFF 1lb 69 uurrLC sibj. $2.10^ Borden's Biscuits Flour G o l u 79* Jergen's Lotion Green Beans n-^-^^r^-^-*--^^-^'^«~v. Can Ib. Bag Bar No. 1 Can 59 Sunkist L E M O N S do, New Crop CABBAGE U Jumbo Size CHl 39* . 6 * PINEAPPLE« 30 A' '"A Regular KOTEX Reg. 38c Value ·Box Grove Brand TOMATOES Poke Salad GREENS 12c! lb. U. S. Good BEEF ROAST Cudahy or Morrells SAUSAGE BEEF RIBS SPARERIBS ib55' Fresh Dressed F R Y I R S 75 39* 49'

Get full access with a Free Trial

Start Free Trial

What members have found on this page