Full text of Statistics of Income : 1937, Part 2
The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
U. S. TREASURY DEPARTMENT
BUREAU OF INTERNAL REVENUE
STATISTICS OF INCOME
FOR 1937
PART 2
COMPILED FROM CORPORATION INCOME AND
EXCESS-PROFITS TAX RETURNS AND
PERSONAL HOLDING COMPANY
RETURNS
PREPARED UNDER DIRECTION OF THE
COMMISSIONER OF INTERNAL REVENUE
BY THE
STATISTICAL SECTION, INCOME TAX UNIT
LXITF.D STATES
PRIM LING OFFICE.
F e r t i l e b y t l w S u p n i n t u H L t n t o fD o c u m e n t ! . W n M i n j t n n , D . C ,
-
-
.
-
,
.
-
.
. (CAFJCHjF
Price 2 5 c e m
CONTENTS
Pat*
Official t r & n s m i t i A L
— -
,,.
,.
1—46-
COBPORATFOK INCOME AND EXCESS-PROFITS TAX RETURNS
Returns tabulated,
_
_
1
Definitions of gross income, deductions, net income, and t&x
2
Tax Liability ami Cftlluotioub
,
^
._
2-3
Comparability v-'ith previous reports
3-4
r
Industrial clrtBaifixation
,__
__
__
4
Geographic distribution.. __..
4iber of returns, net income or deficit, and tax—.
„_.
5
Hy major mrlustria.1 groups
^,
,
„
5-S
By net iucotiJe and deficit cJasscs
~
8-9
Surtax on undistributed profits
„ 10-15
r
Dividends received] interest roeuivod fin Government obligations and divi<U*iLdy jmid, hv net income and deficit classes,
15-18
Dividends paid/1922-37
18-19
Compiled, receipts and compiled reductions
19-20
Corporations submitting and not submitting baianrr shocts
21
ts and liabilities
'
22-26
Corporations submitting balance sheets returns ivith net income and
with no net incomo
_
^vi
22
Number of corpo^^ttoe t«^i£iffe-fli^a.^d"number of balance sheets, by
net income (M(i^flyn0it"dftsae3__
Vvii^
-23
Grose cHpitfOj^g^ets, reserves for depreciafionXand ricplutiou (esciept
on land! j/ftW^i»rt capital assets, by major inrYustrial groups
24-25
aud liabilities, coirajil£«Ls*cei»ts lthy"Nnnpiley
deductions, by total 2G 27
l
setKKcla*scs([-- -f-f- -T-]T>+^^^ -- --l -----"-' //cla*scs([T-]T>+^//J-ieturns
ivUh Jicflrflifttmie
and with
no net itico.me_
d
h
ConsoJidatcd returnsflflft
of railroads
~
26-27
27-29
^^V...
...
Compiled ri^i]jjfc..campiled
dcductiojie, het income or deficit, normal
tax, aurtas:v'QUM4ff3i^ritfu.tedr-ptofite, excess-profita tax, total tax,
and dividtndK'paidJ'i*. _.' i--^_ :"."„.•
_
2&
Assets and liabilities"11
.
29
Fiscal year returns
,.
29-30
By month in which fiscal year ended30
By net income and deficit clmsofi
30
Part-year returns. . . . .
,.
..
.
30-31
Frequency distribution of corporation returns by certain b»sic classifications
. -,
^
31
HrSTOBICAL SUMMARIES, CORPORATION INCOME AND EXCESS-PROFITS
TAX RETURNS
Number of returns, gnum income, net income or deficit, and taxes, by
returns with net income and with no no.t income, 1909-37
32-33
Number of returns, and net income or deficit, by net income and deficit
classes, 1934-37
34
Number <»f rotum!?, compiled receipts and compiled deductions, 1926-37-- 35-36
Corporations submitting balance- sheets: Number of returns, assets and
liabilities 19211-37, and compiled receipts and compiled deductions
19S1-37
37-38
PERSONAL HOLDING COMPANY RETURNS
General explanations
,
,
,_
39-43
Returns filed under the provisions of the Revenue Act of 1936, ais amended
by the Revenue Act af 1937, by types of returns: Number of returns,
not income or deficit, additions, deductions, adjusted net income or
deficit, credits, undistributed Adjusted net income or deficit, and surtax._
42
m
IV
CONTENTS
Fan
Returns filed under provisions of t.he Revenue Act of 193f>, hv typus oE
returns: Number of returns, net income ortfeft<Mt,deductions, adjusted
net income ur diilicit, credits, undistributed adjusted net income or
deficit, surtax
...,
Number of returns by adjusted net income classes
,
,
43
44
HISTORICAL DATA IN SOURCE BOOK
Statement of contents of Source Book
Method of securing data
-— ,
*.
.-
44-45
46
BASIC TABLES—CORPORATION INCOME AND ]3XCI3UU-FROm'3 TAX
RETURNS
United States in a g g r a d e (1 7, 9-12):
1. By States and Territories and by returns with net income and with
no net income: Number of returns, gross income, deductions,
uet ipcoiiie oc deficit, and taxes
- 4S--4S
2. By major industrial groups and subgroups and by returns with ret
income and with, no net income: Number of returns, gross income, net income or deficit, and taxes....-.^
50-57
3. Compiled receipts and compiled deductions, by major industrial
groups:
All returns
fi8-6l
Ileturns with net income
-- -- 62-65
Hot urns with no net i n c o m e - - , , - , - ,
(16-69
4. Corporations submitting balance sheets, by major industrial groups
and by returns with net income and with no net income: Assets
and liabilities and compiled receipts and compiled deduction.1*
70-79
5. Corporations submitting balance sheets, by totak assets classes:
Assets and liabilities? and compiled receipts and coir piled deductions;
AH returns with balance sheets
80—81
lleturns with net income
82-83
Returns with no net income
_- S4-SG
6. Corporations submitting balflu.ee sheets, by total assets {II&FRCR and
by major industrial groups (by returns with net income and
With no net income): Selected items of assets, liabilities, and
receipts
---,
$7-139
7. Historical summary, 1028-37, by major industrial groups and by
returns with net income and with no net income: Number of
returns, gross income, net income or deficit and taxes.
140-145
Frequencv distributions of-—
Returns with balance sheete showing assets of $250,000 and
over—
9, By total receipts classes, cross-classified by total assets
classes, by returns with net income and with no net
income and by major industrial groups
159^169
10. By net income or deficit classes, cross-classified by total
receipts classes and by major industrial groups
. 170-187
11. Returns witli balance sheets, by net income or deficit classes,
cross-classified hy total assets classes and by major industrial groups
,-188^205
12. Returns by net income or deficit classes, ^ross-^assified by
dividends received classes and by certain major industrial
sronps
'.
206-220
States and Territories separately (8):
S. Historical summary, 182S-37, by returns with net income and
with no net income: Number of returns, groea income, net
income or deficit and taxes
_,
.
146-156
BEVRNUR ACTS OP 1913-37 AN1> CERTAIN TAX PROVISIONS OF THE NATIONAL
INDUSTRIAL RECOVERY ACT (I*M): ALSO THE SPECIAL EXCISE TAX UNDER
THE ACT OF AUGUST S, 1909—SYNOPSIS OP COMPORATTOX INCOME AND
PROFITS TAX BATES ANT> CREDITS AFFECTING THE COMPARABILITY OF
DATA IN "STATISTICS OP INCOME"
221-227
INCOME TAX POEMS
Facsimiles of Forms 1120, 1120L, and 1120H for 1937.__
Index
229 24&
251
STATISTICS OF INCOME FOR 1937
PART 2
CORPORATION INCOME AND EXCESS-PROFITS TAX RETURNS AND
PERSONAL HOLDING COMPANY RETURNS
OFFICE OF COMMISSIONER CTF TKTEKNAL, REVENUE,
Washington, D. €., May 27, 1940.
SIK: In accordance 'with the provision ill the Revenue Act of 1916
fl.iic] subsequent acts requiring the publication aminally of statistics
with respect to the operation of the income, war-profits, and cxetjssprof its tnx laws, I have the honor to transmit herewith a report entitled
"Statistics of Income; for 1037, Part 2," prepared from corporation
income arid excess-profits tax returns and personal holding company
returns for 1937 filed during 1938, with a historical prostitution of
the income and of the tax liability reported by corporations from
1901) to <\at.fi, (Statistics compiled from individual income tax
returns, fiduciary income tax returns, and gift tax returns for 1937,
and OBtiito tax returns filed during 1S3S, are published in Statistics of
Income for 1937, Part 1.)
CORPORATION INCOME AND EXCESS-PROFITS TAX RETURNS
BET f-ENS TABULATED
In genera], the corporation income and excess-profits tax returns
covered by this report are for the calendar year 1937, However, a
considerable number of returns nre. filed for a fiscal year other than a
calendar year. Suck returns for a fiscal year ended in the period
July 1G37 through June 193S are tabulated with the calendar year
returns. TIHTU ore also included part year returns for wliich the
greater part of the accounting period falls in 1937.
Tbp. returns for 1937 are filed undflr the provisionB of the Revenue
Act of 193G, as arnended by the Revenue Act of 1937 (except the excessproiite ttix reported on returns in accordance with the provisions of
the Revenue Act of WSfy, as amended by the Revenue Act of 1936)The major changes made by these acts are sot forth in the section of
this report entitled "Eevcnue Acts 1913-37 and certain tas: provisions
of the National Industrial Recovery Act (1933), also the special excise
tax irndpr the act of August 5, 1909," pa^es 221-227.
The general tables for oorporations include aggregates for all
returns covered by this report, as well as separate tabulations for
returns with net income and with no net income. The statistics are
compiled from returns as filed and prior to revisions that may be
made as a result of audit by the Bureau of Internal R
2
STATISTICS OF INCOME
DEFINITIONS OF GROSS INCOME, II EDUCTIONS, NET INCOME AND TAX
"Gross income" and (Reductions'* correspond to "total income"
and "total deductions" (itema 14 and 27, respectively, schedule A>
p. 2 of return), plus in each instance "cost of goods sold" and "cost
of operations3' (items 2 and 5, respectively, schedule A, p. 2 of return).
All negative income amounts reported under sources of income are
transferred to deductions, increasing both "gross income" and "deductions3 ' by the same amount. References in this and succeeding
paragraphs are to item numbers on Form 1120, facsimile of which
appears on pages 232-241.
The amount of "net income" is the "not income for excess-profits tax
computation" (item 28, schedule A, p, 2 of return) and represents tho
amount of gross income as defined above in excess of deductions; and
"deficit" represents the excess of deductions over ^ross income.
These items; of net income and deficit for 1937 nre tabulated in the
same manner as those for the returns for 1930 which were, published
in the Statistics of Income JYir 1930, Parjt 2. Unlike years prior to
1936; net income includes dividends received on stock of domestic
corporations (subject to taxation under Title I of the effective revenue
act), and interest received on certain Government obligations, which
is subject to excess-profits tax and excludes contributions or gifts
(limited to 5 percent of net income before deduction of contributions
or gifts).
The amount tabulated as "normal tax:* consists of the graduated,
normal tnx and thefta.tnormal tax for corporations exempt from the
graduated rates. The surtax- on undistributed profits ia the amount
reported on returns of corporations which arc subject to the surtax
and for which the credits for dividends paid and for contracts restricting dividend payments are riot in excess of adjusted net income,
The income tax liability shown in this report represents an amount
prior to the allowance of credit claimed for income tax paid to a
foreign conn try or United States possession.
The "excess-profits tax" tabulated in this report is the. tax liability
shown as item 8, page 1 of the return. This amount is the same as
that taken, as a deduction in the computation of net income for income
tax purposes, -which is reported as item 29, schedule A, page 2 of the
return, unless the return is rendered ori a cash basis. If (he cash basis
of accounting h used, the deduction (item 20, schedule A, p. 2 of the
return) if? tho amount of excess-profits tux actually pair] within tbe,
taxable year covered by the return. For 1937, this deduction item is
$43,05^,777, which is $276,658, or 0.6 percent, loss than the amount
of the tax liability tabulated berein. In the Statistics of Income for
1936, Purt 2: the tabrtl&texi amount of wteess-profHs tax was the deduction, item used m the computation of net income.
TAX LIABILITY AND COLLECTIONS
The amount of tax liability as reported on the returns is not precisely comparable with the amount of corporate income tnx collections
during tlie Cfl.len.dnr yertr in which the returns are filed. Several
factors are responsible for the difference in the tax collected and thA
tax liability reported on the returns, amr>nfr which are tbe following:
1. The Amount of tax originally reported may have been revised as
the result of itudit of tlie returns" Tho revisions may rraiilt in additional assessments, thereby increasing the tax liability, or in c-ortifi
STATISTICS OF INCOME
3
catcs of overassessment, representing abatements and credits, which
reduce the tax liability originally reported. An amended return has
th<? same effect as an audit revision.
2. Income and profits tuxes puid to foreign countries or possessions
of the United States may be taken as a deduction, from gross income
or applied with certain limitations as a credit against the income tax
payable to the United States. When used as a credit, the amount
cannot exceed tho proportion of the; total tax against which the credit
is taken that the taxpayer's net income from sources without the
United States bears to the taxpayer's entire net income. The amount
of such taxes taken as a credit by corporations against the income tax
liability to the United States has not been deducted from the income
tax liability shown in the tabulations in this report. For the amount
of this credit for the years 1925 through 1935, soe the Statistics of
Income for 1935, Part 2, page 8.
3. Income tax paid at source on tax-free covenant bonds, because
of being assessed against the debtor corporation, is included in the
corporation income tax collections, notwithstanding the fact that it is
paid on behalf of individual holders of bonds.
4. For fiscal year returns on which tbes tax is paid in four equal
installments^ the total tax liability may not be collected, during the
calendar year in which the returns are filed. Fiscal year returns are
required to be filed on or before the 15th day of the third month after
the end of the fiscal year, and payment, as in the case of calendar year
returns, is required at the time the return is filed, or in four quarterly
Installments. The first of the quarterly installments is due when the
return is filed. Thus, during the calendar year 1938, collect ions were
nmde of part or nil of the taxes reported on returns for a fiscal year
ended in period January 31, 1937, through September 30, 1938 (the
last quarterly installment payment being due on or before January
15, 1938, and the filing of returns and the full payment or first install*
mont payment being dwa on ur before December 15, l$3ft>; ^whesreaa
there arc excluded from the statistics in this report, as previously
indicated, the returns for a fiscal year ended prior to July 1937 and
subsequent to June 1938.
5. Tabulations in this report exclude data reported on nonresident
foreign corporation income tax returns, Form 1120XB, whereas collections tn the current year include taxes on these returns. Form
112UNB is required unless n. tax of 10 percent lias been withheld at the
source, on dividends and a tax of 15 percent has born withhold at the
source on all other items of taxable income (interest, rents, royalties,
etc.) received during the year from sources within the United States,
fi. DMays in pnyment canard by financial embarrassment, liquidation of business, and other reasons result in collections of taxes after
the close of tho year in which such taxes are due. Such collections
ft re classified as "back taxes." For similar reasons, certain amounts
are uncollectible.
7. Collections in the current year include interest and penalty items
received in connection with delinquent payments.
COMPARABILITY WITH PREVIOUS KEPORT3
In various sections of this report reference is made to conditions
affecting the comparability of specific items from year to year, such
as changes in the provisions ot the revenue acts under which, the
returns for given years are filed. In particular it must be notsd that
4
STATISTICS OF INCOME
certain data and classifications of the returns for 1934 through 1937
are not strictly comparable with those for prior yeara (see Statistics
of Income for 1934, Part 2, pp. 19-29), and, furthermore, that certain
data and classifications of the returns for 1930 and 1937 are not
strictly comparable with those for 1934 and 1935. For the 1936 and
19S7 returns, gross income, deductions, compiled receipts, compiled
deductions, compiled net profit, net income, deficit, and tax liability,
as well as the classification of the returns with not income and with
no net income, are materially affected by the provisions of the Revenue
Act of 1936- The major changes contained in the provisions of this
act, affecting the tabulated data for corporations, are summarized in
the section of this report entitled "Revenue Acts of 1913-37 and certain tax provisions of the National Industrial Recovery Act 0933); also
the special excise tax under the act of August o. 10Ui),:' pages 221-227.
Indv-aiHal dassificaiinT).—Corporations arp classified industrially
according to their predominant business. The industrial groups,
therefore, do not contain solely corporations ong-iged exclusively in
the industries in which they are classified, because of the diversified
activities of many corporations. The industrial classification for 1034
through 1937 is not strictly comparable with tliat for prior years, by
reason of the discontinuance, under the Revenue Act of 1934, of the
privilege of filing consolidated returns, except by railroads. Returns
formerly filed on a consolidated basis were classified according to the
predominant business of the consolidated group, whereas the industrial
classification for returns witli year ended December 31, 1934. or thereafter, is based on the predominant business of each separately incorporated concern (except in the case of an affiliated railroad group
which exercises the privilege of filing a consolidated return).
Geographic distribution.- The dais, although tabulated by States
in which tht! returns arc filed, do not represent what may 5e called
the geographic distribution of income. There is no way of ascertiiining from income tax: returns the amount of income originating in the
respective States or the amount of tax paid on that basis, since
income reported by a corporation in one State may have bwn derived
from sources in other States. Returns are filed in the collection district in wiiich the principal pla.ee of business or principal office of 1he
corporation is located, except that consolidated returns of affiliated
groups of railroad companies are filed, in. the collection district of the
parent company.
The industrial elaasification and the geographic distribution are not
strictly comparable from year to year by reason of changes in the
financial structure of corporations and in the provisions of the revenue
acts affecting the filing of returns. Certain definite results are that
separate returns for each concern of affiliated groups of companies
which formerly filod on a consolidated basis may or rnay not be filed!
in the same collection districts as heretofore, depending on whether
or not the principal place of business or principal office of the affiliated
companies is in the same collection district as that of the parent
company. Moreover, such subsidiary or affiliated companies may
lose their identity and therefore discontinue filing income tax returns
on their own account through being- merged in the financial structure
of the parent company as branches or departments instead of continuing as separate entities, or the reverse may result through the
transfer of the ownership of subsidiary concerns or branches, or
setting them up as separate corporations.
STATISTICS OF INCOME
5
K t M B E R OF KETURNS, NET INCOME OB DEFICIT. AND TAX
The number of corporation income and excess-profits tax returns
for 1937, filed during the calendar year 193S, is 529,097, of which
192,028 show net, income amounting to $9,6347836,710; while 285,810
show a deficit of §2,230,845,542, and 51,250 have no income data.
The normal ta^ is $1,056,039,166, the surtax: on undistributed profits
$175,897,696, the excess-profits tax $43,335,435, and tho total tax
%\ ,276,172,297.
The amount tabulated as normal tax consists of a graduated normal
tax of $1,022,827,362 and a flat normal tax of $34,111,304 for corporations exempt from the graduated rates. The surtax IR reported
on returns of corporations other than those which are exempt from the
surtax. A special tabulation of the surtax liability and a statement
of the rates of the surtax appear in the section of this report entitled
''Surtax on undistributed profits/' pages 10-15.
A comparison of the data for 1937 with the data for 1930 shows that
the number of returns with net income decreased 11,133, or 5.5
percent, and the. net income Increased $156,595,241, or 1.7 percent.
The normal tax increased £32,146,228, or 3.1 percent, surtax on undistributed profits increased §30,925,412,
or 21,3 percent, excess-profits
tax increased $21,722,884, oi1 100.5 percent, and total tax increased.
$34,794,524, or 7.1 percent. The number of returns with no net income increased 10,114, or 3.7 percent, and the deficit increased
$128,821,&27, or 6.0 percent.
Separate tabulations for fiscal year returns and for part year returns,
shown on pages 29-31, nmke it possible to segregate certain data, for
the calendar year accounting period,
MAJOR INDUSTRIAL GROUPS
In the tabltt on pages 0-8 returns of corporations are classified
by major industrial groups and by returns with net income, returns
with no net income, and returns of inactive corporations. Totals for
the following items axe shown for each classification to which the items
arc applicable: Xumber of returnSj gross income, deduction^ rtet income
or deficit, normal tax, surtax on undistribu ted profits, and excessprofits tax. Basic table I, pages 48-49, shows similar data for the
returns distributed
by States and Territories.
In analyzing1 the data compiled from returns classified under the
major industrial group ''Finance" and under the industrial subgroup
"Life insurance—Mutual or stock companies," allowance should be
made for the two spocial deductions from gross income portnitted life
insurance companies under subsection (a), section 203, Revenue Act
of 1936, relating to resen^e funds required by law and reserve for
dividends. For returns with net 1income this deduction is $40,320,014;
for returns with no net income, S 7S2J974JS18. In basic tables 3 and 4,
pages SS-G9 and pages 7(K79, respectively, the special deductions
for life insurance companies are included in "other deductions."
There are excluded from tho major industrial group "Finance' 1
returns of nonresident foreign corporations with income derived from
sources witMn the United States on which the tax has not been fully
satisfied at the source. Form 1120NB is required of suet corporations,
unless a tax of 10 percent has been withheld at the source on dividends
and a tax of 15 percent has been withheld at the source on all other
items of taxable income (interest, rents, royalties, etc.). In years
6
STATISTICS OF INCOME
prior to 1936 all nonresident foreign corporations filed Form 1120 and
data from these returns were tabulated in the major group i'Finance,"
In basic table 3 there are shown dividends received on stock of
domestic corporations (line 7 on table), interest received on certain
Government obligations subject to the excess-profits tax (line 10), and
contributions or gifts (line 20), by major industrial groups and by
returns with net income and with no net income. The information
shown in basic table 3 permits comparisons of the above items tabulated from the 1937 returns with similar items from returns prior to
1936, and indicates the effect of the inclusion in net income for excess^
profits tax computation of dividends received on stock of domestic
corporations ana interest received on certain Government obligations.
These data should be used in connection with the following table.
Corporations, 1937, by major industrial groups and bjf returns with net income and
with no net income: Number of returns, gross income, deductions, net income or
deficit, normal tax, surtax on undistributed profits, end excess-profits tax; alsonumber oj returns of inactive corporation? '
[Money Hgnrea In thousands of dollars]
Returns with net inotune *
Industrial groups
Agriculture and related industries
Mining and quarrying
Manufacturing:
Food and kindred products.
Liquors and beverages (alcoholic
and nonalcoholic)
__
dt
oba w p
Textile-mill products. CJothlne and apparel.._
,Leather aad its manufacture^ ,_
Rubber products. _
Forsst products
Faner, pulp, and products
PriEtlug, publishing, and. a]Jk*d
industries..,
ChcmicalE nn<1 allied products
1'etroJeum and other mineral oil
d
._.
Sluire, clay, and gla^s products
Metal and its products
.......
Motor vehicles, complete or parts
Manufacturing not eJsewliere classified _
Total manufacturing.
Construction
_.
Transportation and other public
utilities...
Trade
Service—Professional, amusements,
hotels, etc.
Finance— Banting insur&nor, mU
estate, holding companies,, stock
and bond brolcers, etc
Mature or business not given...-.._...
Granci total.
F o r footnotes, w * ]5. B,
Total
number
Percent
of group
total
0,730
2,327
T,
806
4,164
30,076
m
6,1117
Net in-
37-fifi
JHI.QK I 474.
2,570,755 ' 3hl!5!
5,3O)
40.85
7, are, 741
l r fi33
48. 37
1.0E3
320
1,383
JH>" IA
34,(53
43. 87
49. ?7
46.09
60. 43
1, 520, 312
1, 3V4, 77»
a, ON, -tea
l, laa, 76£
9t>a, i+9
1, 012; 043
1, 457, P31
1,646,87S
5,11?
3.1CT
40.40
43. 25
3S4
1,084
40,20
40.41
S3. Hi
18,024
33V)
T, 697
6.(1-14
Gross
income 5
41 r 974
4,fi39, 2)1
1,3]7,IKM
i4n 042, 163
«, Md
34.
43.40
33.29 |
0. t»LH), 643
, 1 ,
2, S-i*5, 136
1,100, SIS
f2C
32,345
34 r 6Ol
47,434
110,044
1,734,710
3,4M, 583
SSI
2,
67,320
427.021
4,337, 3M
1 15n. MO
is, mxi, H I S
isa fins
9h BIS
61,
300, SIS
161, 534
,3£I,3AO
415, SM
, 208
l h 088,1150
1,503,021
1, ON, 70S
37,360
148.019
62, 43£
39, fi8 j 9.C3+, SOO : 7,531,1711
42.18 ! as, 057, 451
33,W3,SSIt
R5, 272
lit, l&l
29.40
^655,377 .
2,3fl9,
133.993
VI, 021
43. SRI
IVii
32.53
fih 000, 402
3,flne,SQ6 2,1J3, 7»5
3.D07
66]
192. 02S
30.
236,723
9,«S4.S37
STATISTICS OF INCOME
Corporations, 19$?t by major industrial groups and by returns with net income and
with no net incotae: Number */ returns, pross ine&me, deduction^, -net income or
deficit,, norJtud tax,, &urLax on, undisiribuX^i pro^i*, ofad &a<xi%~JpT<fft,t& ins,; te
number of returns of vnactive corporations '—Continued
[Money figures In thousands of dollars]
[ad.ustrial groups.
Agriculture ana related industries.
Mining and quarrying---..
Manufacturing:
Food and kindred prnduets
Liquors and beverages (akoholta and nonalcoholic)
,
..
Tobacco products
Teitilr-miJl products
-_,
_
Clothing anfLai>L>a!fl
l t h
and its m a n u l a e l a r e s . , . . _ _ _ . _
orest prcuJuc
T
Paper, pulp, and [wnrtuirts . . - . . , .
.._-.
Pnatinj;. publJsljln?, anri allied industries
Chemicals and allied p r i K l u c l s . . . . . .
FKlttj]<jnm and other mineral oil products
Stun?, clay,and Eiftss prailucrla.-- .
Metal arrt its products
_.,
t
Motor vi^iLelcs, complete OT parts
Mftnuraetolling nijt- elsewhere class! Ded , ,
Construction
er. puhlic ntilittes
Serviee—J^rnfessioual, t u n u s c m c n t s . hotol3 h e t c
nnanou—Banfeing, Jusurance, te^i estate, I I J
diuopanifs, stocJ: a n d bom] lirokcrs, etc
N a t u r e of business n o t g i v e n . . , , , . - . ,
™! total
5\. 02
.Returns wilt no net income'
Returns of loBijtlTe
corporations
Industrial groups
income s
friwuHure anil related Industries,
ining and ciuarrying.
Manufacturing;
food and kindr^rl produffits
L i n n d ! beveriieus (alcoholic andnon.-
li)
j
Textile-mill
Leather rttiJ Itti mnfiufhctures
Hubher product*-------FQrpat products
Pap^r, iiulp. and pirndiiPts
Prfntln?. publisliiii?. and nHi
Ciii^mieals find n] Heel products . _
Petroleumuiidother nifntralciil pnoduets ..I
StoEf, pJav, and plftSs prod lie ts
_.|
MftBJ and IlspriHlucts _ . .
|
Motor Tohiclp*, complete or parts...
:
Manutiictnrlng Dot dsevrture classified
2SI, 123
1,000,672
3S4r 707
J, 12V, 040
total
730
292.434
SU, 710?
1,517,436
94.911
472; d M
ft. 01
24.73
S3.5S3
12S.36S
3S K02,3Ss
1C.421
2.040
£28,0J3
3S2.140
253! 230
660,010
236,330
1,871, W3
359'h 4S0
11,412^744
For footnotes, see p. &»
Kaulber
ticms s
25,640
12.030
36, 77C
10,062
21. K 7
17, 416
70,727
)3,047
30,430
424,
.12
29
255
77
471
400
101
217
sin
G2
712
6.67
7.85
4.59
2.52
1.67
2.13
4 51
a, 79
3.31
3.72
fl.57
12,53
6.21
4.03
7.14
s
STATISTICS OF TXCOMK
Corporation, 19S7, by major industrial (jrouyttt and by returns with net income and
with, no net income: Number of rerfttr/ss, gross income, deductions, net income or
deficit, normal tax, surtax on undistributed
profits, and excess-profits tax; also
number of returns of inactive corporations J —Continued
[Money figures In thousand.^ of daltar
Ilftturns w[lh nn rot Inmrae *—
Continued
Industrial groups
Constructlou
-
Gross
.
.,
773, S&3
Transportation and other public utilities
Tcadc .
. . . . , . „ , - - . jo! 37tt| 209
Serviw—Profrssuiual, amusements, hfltftls, etc. % 211,927
Finance—Banking, insumnixijiTiil^si.au;, hold2, 962.3DS
ing eoEJD&nies, stock jind br.md brokers, etc
Nature ofbo^imesanot EJiien
.
GrandtotaL„
...
32,077,081
Deductions *
SLO, Ml
4,825,007
10,010.007
Returns of inaftivo
(Meliorations
Percent
total
DsfldL»
as sqo
ctf crtnip
230,7*9
210,064
1 4GO
2, OSS
4, »35
•i.tlM
4, 153
i0, J39
3,250,346
St, 2flO
' ' S| 540
I)1. 82
3,33
9. 6D
i Fnr ti'f^taul diFcu?aion. sps i.ip. 1-8.
' '"Net iiicouie" or "deceit" is the net income foT evewis-protit* tas coinputntLou (Item 2&r schociulo A,
p, 2, Form m o ) which is «iun.] 1,0 tho -rt tfTi:i»inE bet.wL'en "total iuuome" ami "total decluttions11' [items
14 anci 27, niRii^titively, schedule A, p. 2, I'orm liSO) &nd ilso bet weep "^ross inoomO" siirt "doflnctions-1-'
in. this table. The classiflcnt^oTi of the rt-ciirns intu ifame "with am incuiiM)" tknrf "with im mst Incouifi"
is. ti&;4ud on met iiicmn* for oaoess-ii-ropLs tas eoiuputatioii. For comparison ot the amoonts of net income for
1937 and 19315 wit-h tb<w for ytars prior zn !93&,1 sco p. 2. The dlffiTenrcbeiwren 1037 and man in tlio hssfis
oJ the classification of thu return? into thoso"v?i1.h ni:t intiomi!" iuid "'with
DO QCL income" instated on p. 8,
» "Gross i n l i n e " and "deductions" ecrresivmd to "total Lnct>m^'h und "tnrn.1fli'rluutninti"(it
4 d
27, rttupeclivcls", whrdule At p. % Fnnti H2p>. a(tcr trausfririiiK a«Fntiv« items of mcome rapo
Bourees 0/ iiicuniQ lo tt>lal deJuetions, plus, iii^ach iostanM, "cost of EOixis fjoid" sind "voux of oiiLTR
(items 2&nd b, respectively, schedule A, p. 2, Form H20).
* Indades specif)] iiuaexpense dvduutious of Jifo iusurance c^inpaniea (see p. 6J.
NF.T
MOME
DEFICIT CLASS KB
The classification of thr returns by net incomn wnd riofidt
Is based on "net income for excess-pi'ofits tax computation."
2Sj sckothtlo A, p. 2 of return), irnlike yeitrs prior to 1936, net
income includes dividends received, OIL stock of domestic corporations (subject to taxntion under Title I of the effective rvvomit! act)
and interest received on cfirtitin Govurnrnont obligations, wiiifh is
•siibject to ejeross-profits tux, and excludes contributions or ififts
(limited to 5 percent of net income before deduction of contributions
or gifts). The effect of tho inclusion in not income of dividends received on stock of domestic corporations and interest rocoivod on
certain Government obligations is indicated by tho data shown in
the text table on pages 16—17,
In the Statistics of Income for I93fi, l'art 2, the rlassification of
the returns by net income and deficit classes was bused on the net
income for income tax computation. The net income for excessprofits tax com.putn.tion in this repoTt is greater than the net income
for income tox computation used for classification purposes in the
Statistics of Income for 19H6, PaH 2, by the amount of the excessprofits tax (item 29, schedule, A. p. 2 of return).
In. the following table the returns are classified by net income find
deficit classes. Totals for the following items are shown for each
classification to which the items are applicable: Numher of returns,
net income or deficit, normal tax, surtax on undistributed profits,
and excess-profits tax. The number of returns of inactive corporations is also given at the end of the table.
9
STATISTICS OT li'COME
A more detailed description and presentation nf the returns subject
to surtax on undistributed profits, classified by sizo of net hicome,
is given, in the following section of this report entitled "Surtax on.
undistributed profits" and m the test table on pages 11-15.
Corporations, J ^ 7 , by net income and deficit classes: Numher of returns, net income
or deficit^ normal tax, zvrtax on undistributed profits, excess-profits tnv, and percentages; also number of ret?trns of inactive corporations
iNfettncvme and deficit clasees and money figures In
lift turns w i t b net income'
Net
tribLUcd profits
Aiiiouoi-
Nuiuber
71 III
23, 070
14,340
0.707
7 4D7
20, SSS
Under 1
1 under 2
Sunder 3
3 under 4
4 tuiilvr ,=:
n * « 10
ITUIIT US
..
10. OOlJ
a. !*
h
SO.
.W Undsr 101}..
under anfl
muter :.nn
*, 180
fl. 377
4. *7S
I Q3R
1. 13V
24*
5,000 and over.
Total...,..,
37.03 .
12. 02 t
7.47 I
5.05
3,fcli
lt>.7fJ
5-31
"A. 21
: 1S2. O2S
5. 14
M.32
S.6+
i.m
, 13
Percent
Amount
Per con t
Amount
Percent
li2i4
1,0*1
.59
0.16
M, OIJIJ
S&.762
:«. 104
33, 570
2.934
.36
l^!07tt
'J4, fi-19
3 5 0 , 2KI
% US, W2
ft,JS^A19
100.00 I i).«?H, 837
a, osr
31, H42 |
S.64
J,6t'.
7. SB
7. OB
22" 17
39.73
100-00
3, C7ft
1.33
1.13.
1.01 I
.91 i
3. Si i
95.203
1\A, 122
3H'J, 077
7,74
U.O1
53, 1J
37. 5(1
.039
100.00
with not
Sticcnne'—Contd.
.76
4,tU
3.407
2.877
1,94
l.M
1.44
S.47
9.S7
11.49
V.73
9.77
20.10
17. 102
1 7.1SS
35,350
173. E98
I
100.00
with no net income 1
ncom* or deficit classes
Amount 1 Ptiroont I Number
TTiuIpr 1
1 uitdrr 2
3
4 dm lor 5
6 UTukr [0
'.20 iinrtcf 2$..
4fi tinder no
SO UtLriiir IDfl
500 under 1.000 1.0CKI Under &.O00.
5,000 and ovvr. , -
2715
2m
l,4t.L
U.30
.M
,f»S
!rn
3 1^7
1,17fl
'mo
3. usy
% 4Hi2
2'OP
7'01
t.aw
izw
12. S4
0. *I5
S). 7<ift
fl. ,50
32. S3
]7. 2S
4. H S
4,117
7 jag
162, 530
3H, ftW
Vi.lll
19,210
7 p fi7Ji
3, 9Q2
2,47S
ft 084
1,644
470
242
1K7
33
M.Sfi
7^10
4.24
0.72
l!37
.87
1.7fi
.97
-64
-Ifl
, OS
.07
.01
14
« , 504
41.SB7
3?, 223
134,614
1*3.35B
2.17
l.SVt
1. ftS
5.90
K7, S3S
W, 241
17(3,442
ISO. 1S1
23G.353
irto, 713
109, 93<J
2 42
7.74
S. 94
HI. as
7.05
3TS. Gfi.4
16! 54
171S
3U1.D76 ,
100,00 2.290,
10O. Off
» " N u t tnrome" or "iltitciL" is tl"> n^t f II CO rue tor^swK-pmfilS tax eomput»tll>n fJtCm 2fl, flflll«3tlle A , p .
£, Pocjii 112O> w h i c h isrfiunj t o (he difference bet wren "totfl.3 Inotwno" Ein*1 "Trttal deduution?" (icjeiiis J^ and.
27, rcsprcUvely, schedule A, p . 2, Form H2fti, T h e dRsslficatiuii of t h e returns hy v.nx. l a c o m e MMI deficit
classes in Tmsofi o n ntit ftiewne lot «\[*jis-urfl!lts t a \ eoTripiitft-tlon. For comparison of t h e ammtnt? at n e t
incoime lor 1937 und. lft3(S wit?] tlnwi" for years prinr t o 1938, s w p . 2. Ttie diffrrence between 1937 a n d 1936
in t h e bases ur t h e classincAtion of tlie returns b v tiftt income and deficit classes Is stated an p . g .
10
STATISTICS OF
SUHTAX ON UNmSTRIRHTKn PKOFITS
Under the provisions of section 14(d) of thfl Revenue Act of 1936,
effective for the calendar year 1937, all corporations are subject to the
surtax on undistributed profits, except the, following: Banks and trust
companies, a substantial part of the business of which h the receiving
of deposits and making loans and discounts; insurance companies;
corporations with income from sources within possessions of the United
States which are entitled to the be;unfits of section 251 of the Revenue
Act of 1936; corporations organized under the China Trade* Act of
1922; foreign corporations; domestic corporations which are in
bankruptcy or art; insolvent and in receivership in a court of the United
States or of any State, Territory, or the District of Columbia; and
joint-stock land banks organized under tho Fedora I Farm Loan Act,
as amended.
The surtax is equal to the sum of; 7 percent of the portion of the
undistributed net income which is not over 10 percent of the adjusted
net income; 12 percent of the portion of the undistributed net income
which is over 10 percent and not over 20 percent of the adjusted net
income; 17 percent of the portion of the undistributed net income
which is over 20 percent and not over 40 percent of the adjusted net
income; 22 percent of the portion of the undistributed net income
which is over 40 percent and not over 60 percent of the adjusted net
income; 27 percent of the portion of tho undistributed net income
which is over 60 percent of tho adjusted net income. A specific credit
is allowed corporations with adjusted net in come of less tha.n $50,000
whereby the undistributed not income subject to the surtax rate of 7
percent is increased to an amount not in excess of $5,000.
The adjusted net income (item 20, p. 1 of return) equals the net
income for excess-pro fits tax computation (item 28, schedule A, p. 2
of return) less the excess-pro fits tax, interest received on certain
Government obligations subject to the excess-profits tax, normal
tax, and certain credits allowed to holding company affiliates
and to national mortgage associations. The undistributed net income
(item 29, p. 1 of return) equals the adjusted net income loss the dividends paid credit and the credit for contracts restricting the payments
of dividends.
In the following table the returns with net income are classified by
net income classes, by returns subject to the surtax on undistributed
profits, and by returns of corporations not subject to the surtax. The
returns of corporations subject to the surtax are further classified by
the highest surtax rate reported on each return and by those with no
surtax. Totals for the following items are shown for each classification to which the items are applicable: Number of returns,net income,
dividends paid credit, undistributed net income, normal tax, surtax
on undistributed profits, and excess-profits tax.
Of the 192,028 returns with net income, 181,194 are for corporations subject to the surtax on undistributed profits. Of the returns
of corporations subject to the surtax on undistributed profits, 134,845
show a surtax liability of $175,897,fi9fi and 46,349 show no surtax
liability because the dividends paid credit and the credit for contracts
restricting dividend payments are in excess of the. adj usted not income.
Of the. returns with surtax liability, 113,228 show 7 percent as the
highest surtax rate, 5,219 show 12 percent as the highest surtax rate,
6,995 show 17 percent as the highest surtax rate, 4,766 show 22 per
11
LXCOMB
KTATIriTIOK
cent as the highest surtax rate, 4,637 show 27 percent as tho highest
surtax TS to.
Uor-pornlions, jf)37, with net income, by n$t income classes, by returns subject to
surtax on undiflnhitted profits {by highest surtax rates) and by returns not subject
fo surtax on undistributed profits; Number of returns, net income, dividends paid
credit, undistributed net income, normal tax, surtax on undistributed profits, and
excess-profits tax
[Net income clauses and JTHHttj- figures in thoueitnda a
Jleturns of corpttratitins sublet tn-surtat on sin
fi
Ret urn n with su
Number
Net income classes"
«f returns
Total
;o[ returns NetJucoine
125, 644
20, S18
10, 000
*, lirtfh'r lf> .
10 under 13.
Ifi u n d e r L'U.
'J/innd>r 50
flounder ion
KJO under 250
2R4) unclOr SOB
fi. W7
A, SOU
L, W3H
500 under 1.000...
l,f)0rt under 5,000.
3.U0Q mul over
1,046
Tutal..
1
Tli video (is
paid credit1
.
23,312
K7.US4
5,ft7fl
ai. as?
fl, fi23
3,637
2*2R
1, 11H
4G3
20, FnOO
27,22^3
M5.1*73
24ri, 003
226:702
267, 7'JC
72S, 7S4
0 7 ^ 335
31*7,0^1
472,041
1,
iftz, os
S. M7, 753
Undistributed
i
S2F 727
4ft, SOS
a i, 2«8
S3, 383
$46
'.044
e.ies
23,05
M.
ma
&e, 32S
51.182
SI), 871
14(1,199
2ft 1,002
65S.S37
114, 402
410, 31C
U 363, 045 i
>Htirtux (in
Returns wltJi 511 rtax— Con ti n tied
Xet income c l ^ s i
Total— C ont LDllocI
flUrtfiv nn
HtlfliStribnt*d
Unflcr S . . . .
^ uD-der 10
l5un.(!fr2O
20 und*r ifi.
^
,.
S. 822
4, nsfi
A, 407
500 under 1,CUO
iffton uoiior is.OfiO
5,000 and evw
Total...
Far footnot-fls, sae p. 15.
Number
o/ returns X c t
1,O14
1,004
759
flsl
SflO
1,96?
Pfl, 777
7,33(1
IT!
ids
17,155
3!|82
240
148
147
4A, (522
8.314
S.71I5
tJ
SOuadtfr m o . . . .
tax
Higlicat aurtiis rate, 7 percent
12,O7fl
175,898
1,501
in ramie1 Dividends 3
jiflld credit
Ifl, OPS
5O!87O
SB, 5.T+
27, 23"
21.01S
{*7.«M
5S.224
Asjttyi
a^ 772
2fi, S4fl
16,351
4ft, E>24
4&, 015
m distributed
net
82,727
!8 r 14L
0, 73S
» 604
2,1M
3, MO
2,330
aa
514.700
44S. 141
32W
4,'3Oi
33, S i 2
iS, 144
113,228
1.409,147
1. L43, 013
199.08B
101 9ftO
71 427
H&.075
12
STATISTICS OF INCOME
Corporations, 19S7, with nel income, by net income classes, by returns subject to
surtax on undistributed profits (by highest s?iria$ rales) and by returns not subject
to surtax an undistributed profits: Number of returns, net income, dividends paid
credit, undistributed net income, normal tax, surtax on undistributed pro/its, and
fis ios—Continued.
(Net income classes and money lUures In Ummncte of doll»js]
Returns of corporate cm 9 au^ject to surtax cm iindistrHju.t(?d
profits ^—Continued
Betums with surta\—Continued
Net income classes <
Highest surtax rate, 7 percent— Continued
Surtax on
undispronis
tan
Under &
GuadoriO,.
Wander 15
16 under 20
311 l i n r i O T - 2 5
..
-
-
. . .
25 tinder 50.
- .
BO under 1(10
100 reader 350
250 tinder BOO
BOO under 1,000
1,000 under &.C00
B,000 and over-
--
-- . . .
. .
A 5U
B ^4G
2.793
2,1314
6, fi2J
10, S43
10,234
3fl,W5
__. _-*_„ -
60, 100
,„
1&4, SKi
Total
RfltutnF
1 2KB
4Q1
2G1
291
lflfi
27B
.VI1
926
11,990
EWC33prtifits
tBK
Tlialietil surtax r&te, 12 peresnt
NUTH her
Net
1,014
544
SfiO
2G8
1 fiSS
M5
6. 3-W
227
553
son
6,822
29.287
442
16S
fiS 040
5S, 71R
104,039
428
dends
paid
credit*
10.(Mfi '
fiS7
2, 732
4,171
4, ITS
20,421
383
487
496
409
403
li,l>5L
42
J64, 317
49 763
45 231
77 Iftl
lf>4 130
$75! 4SS
5,219
1,325,675
873,037
14S
115
of corporations subject to aartftx OQ DTidi^tribuC^d
profits *— Continued
Returns with BUTt**— Continued
Net Income classes
l
Eigliest surtax rato^ 13 pirdtmt— Contd.
Normal
tax
net
Under 5
5 under 10.
0 fk81
2^895
l.'illlUiM'WI
40 und-ar 2s
2 5 u n r i f l r SO
Rfl n n d a r i o n
„„..__
. . . . . . .
]OOUJn3w250
tOO under 1,000
]TGO0 under 6,000
SJQDO and over
T<rtsl
^ .
„„
_
„ „ ..-
For footnotes, see p. is.
13 : B52
1S7J
157
Surtax
trllauted
profltB
1,060
tax
792
754
3,314
IBS
120
72
79
463
Z79
a gpg
772
£50
41S
7 S59
13^. 31S
153, 355
096
1,180
2,470
Highest surtax TH16,
17 |.*rc:!iit
Number
of returns
Net
14,337
435
040
728
eas
isa
l|i?7
40
8.331
43 8fi8
67, 72JS
113, »S4
107, Md
132, 310
337,96G
SW, U3Q
1,692,650
13
STATISTICS OF INCOME
Corporations, 1937, with net income, by net income classes, by returns subjed to
surtax on undistributed profits {by highest surtax ratts) and by returns not subject
to surtax on undistributed projUs: Number of returns, net income, dividends paid
credit, undistributed net income, normal ta&t surtax on undistributed profits, and
excess-profits tax—Continued
I Net Income classes nnd money •gnre* in thousands of dollars]
of corporations subject
to surtax O7i undistributed
profits a - ^ C t i 6 d
Ttoturra with sarta*—Contin
Net income
Dividends
paid
credit'
Under i
6 under 10
10 under 15.
15 umteran
23
5ufl
384
2, .130
3,307
4,796
24,738
41,141
.
Sf) u n d e r JM
]00 under 250
250 u n d e r 500
50Q u n d e r 1,000. .
1,000 under 6,flOD.
S I , l&E
itms
5,000 ana w o t . . .
Highest
surtax
rare, 22
Highest surtax rate, l? percent—Contd.
Undistributed
n-st.
income'
S. 73S
3,900
3«
29. 161
27,820
3 2
iaa.333
1,(144, BOB
Normal
731
S70
fiurtfls
on iiDilistrihuted
profits
proflts
1,064
2a4
SB
lOi!
101
Am
&43O j
15,003 I
14,<Wt> I
1,541
2,124
-1DZ
613
1,063
WO
3. s^s
43; 117
3.820
$.877
22,500
20S, 115
4ft, OSS
Bftl
2 h 3l5
2,077
Number
of returns
1,ZS3
ft"3
270
209
704
902
54-5
237
100
12
4,760
Returns of corporations Eiabjoc^tD surtM
profits '—(JoBtinueti
Returns witb surtax—Continued.
wme cesses i
Highest surtax rate, 22 percent— Continued
Net
Under 5
11,031
1C.
708B
4,S0»
4,751
iflnadw SO£0 u n d e r 25
2&«nd«r 50
flO under 100
1O|) u n d e r 250
2,50 under S B . . .
S0O miJtir 1.IHI0
1,000 u n d e r 5,WC,
COOO d
Total
paid
credit»
3S, W&
43, 7(15
8 W
1,257
ld S91
11, 3
13fl
73,60S
8D,963
..
For fooutHes, see p. 15.
.___: "02,109
Undistributed
net
income"
Xormnl
tas
9,703
6,312
1,0*6
2,652
&53
.
KLOOfl
36^007
30,579
75, U97
11,354
301, 016
3, an
Surtax
tributed
profits
1, OSS
750
374
343
1.943
2
profkts
ttiS
117
111
63
53
327
541
752
23,589
22.2(50
SO,042 j
h
10, 201
43ha73
1,471
14
STATISTICS OF INCOME
Corporations, 1&S7, ttrith net income, by net income classes, by returns subject to
surtax on undistributed profits {by "highest surtax rates) and by returns not subject
to surtax on undistributed profits: Number of returns, net i-ncoine, dividends paid
credit, uTulistributed net income, normal taa} surtax on undistributed profits, and
excEiS-profits tax—Continued
[Net ipcome classes and money Efiuw in ttouMnds of dollars]
Returns of corporations sutijept tri surtax an undistributed profits a—
Ketnrns with sartflx—
iNer income classes'
Highest surtax rate, 27 percent
Number
of i t
liiras
Etfvi-
denda
Net
UndLstrihuted
net
Income *
i
on undistributed
profile I
6 under 10
IS under 20
2fl under 2fl
W under 100
10(1 under 250
£50 under SOO
600 under 1,000
1,000 unde w
5,000 and uver
, 0
356
SI3
S,77
46, 3*2
7fl,O03
13, 310
10,98^
12,077
30,691
Total-
33,655
64.0*7
4(1,5*7
MMr2
1,212
0S
141
],501
124
fl.006
10,408
7,653
7,36*
1O41(
3,001
ll|0O7
2,311
SO, 74?
[if turns ai carpnrntlonR sul>]r-at tn surt«j
utcd, profits *—Continued
classes
Normal
tax
5 under 10
15 under 20
2ti under 25
2& under 00
100 Hixd(w25b--
3. ITS
3*t7
40.1
3.815
3. WS
EW2
2S7
9/J2
...
."
-..
i 0 0 unloT 1,000
1.M0under5,000 . . . . . .
Tot&l...
footnotes, as* j>. 15,
profits
tax
27,' 460
Si.USS
l]jfJO
i, ni£L
131! 318
l! 77S
i . 300
D.SS7
15
STATISTICS OF INCOME
Corporations, 19$7, toith net income, by "t'i mccnw classes, by returns subject to
surtax o»i undistributed profits (£>?/ highest svrtns rates) and by returns not fuiby'eci
to surtax an itndivtrHfttled "pr^jils: N\imhtr wf 7-tfittrns, net incornz, dividends paid
credit, undintr-ihuied net income-, normal tax, surtax on undistributed profits, and
excess-profits tax—Continued
[Net income classes *nd money fluurea ID tfcniBsnds of dollars}
JEetutH*t>( CHjrpnriit irins m f. siihjuct In siirtfL* on
is umber of
TStums
Under =3
T under in
10 under la
20 under 2h .
2ft undet iO
W> under 10t!
1S.W
4ti4
301
.
500 uiidiT l.Oon
Ttjtal
1
10 ^7
1,022
1, 1W
23
62
WPI
'JO 019
....
pn.flts
illCOHie 5
110
GS
is, i*4
R
.flfl. 1S3
1 7'SO
3. 221
10, SM
11 Vfri)
4,367
34. 112
33
34
42
42
25
ft£>
sou
Sc^forjLnoto 1. p. fl-
*Ttettiras Bol i!i«mpt byw Law Tryui tbe surtax on tj in I h in omen iimms.
* Hftnrn? exemiit I'y l a froin the surtax on UHdistribui^l iiroflls untitrr llic provisions of wctign UCd)
at 1the Ittvcnii* AA't-Lit Lfcy.i,
Returns willi no nntlistrihtited net income on wliiuh thvdivi<lGU^paiil cn«3 it nnd,'or the credit for COCtractp restrictiup ilividcod l^&yn'ciiis n<|Ufil nr c"icmi tlie adjustrri not income.
* Dividends
pa1<1 rrerllt (it«m 2?, p. i, 1'grjn 1)30) piusorrdlt Tor eontrnetp ftstricTinp dividrnd pfijinents
(itoni
L1*!. p. I. Ffinn 11201.
4
The iinfllstributrti iipt inwuie equals t*H' adjusu^d nut Inporr*1 !OFS the dividend? pp.i<3 crwiit and Ihp
erctbt Tt>r cutitnift. n^tri^tinp rhr pftyinenT ofdividrnds, 'J'he adjusted jsi't in-tvM^r p^tJiilF. the net income
?ijr e^cess-j)]-[>nt!i tai Juss I he folbwinH; Est'L'ss-prnflts! Tax (iTfcm 2tl, •p- i. Form 1120), inttrrat Tnwi^-ud tm
i-:;rr?iin Crnvirnrvc;!!1 riMlsmifnn.1' Mit^jorr Trt Ihr c?Koc??-i>ryj(itS tfiS, nln-n!:a1 l.ai, und rcft.ftin credits a|]fjlt«d
' MfiTmnl tns at flat, ratefmf i^AUd Ti percent r*|mri(st on relurus nf Boriwratious esemirt by laiv fruus the
surtax on undistributed prnflts,
I^IVFDENDS n E C E I V K U , I N T E R E S T R K C E I V E D O N
fiOVHRNMBMT
ATS'D D I V I D E N D S PAiI>, B Y N E T LVCOME AJS'D 11EFICIT
ODLfOATIONS,
The following table shows, by not income and deficit classes, total
number of returns; number of returns with, dividends received from
domestic and foreign corporations, and amount of dividends received;
interest received on Government obligrntions, amount subject to excess-profits tax and amount wholly tax-exempt; number of returns
with dividends paid; and the amounts of dividends paid in cash and
assets other than corporation's own stock, and in corporation's own
stock. This table shows for the first time the amount of dividends
received from foreign corporations fot* returns with net income and
with no net income classified by size of net income or deficit.
The data shown in this table indicate the effect, on tho classification
of the returns by net income and deficit classes, of the mc-hisioii in net
income for excess-profits tax computation of dividends received on
stock of domestic corporations (subject to taxation under Title I of
the Revenue Act of 1936) and interest received on certain Government
obligations. These data should be used in connection with the text
table on page 9.
16
STATISTICS OF ISCOMK
Corporations, 1037, by net income and deficit classes: Total number of returns,
number of returns with, tlivitleiuls received frnm domestic and foreign corporations^
amount of dividends received, interest received on Government, obligations, n-umber
of returns with dividends
paid, and amount of dividends -paid in cash and assets
other than corporation1 s own stock, and in, corporation's own stock
(Not fitc
and deficit classes Mid money figures In thOUwifldn of tUi
Returns wILta net inCO till? '
InEtTr^st r^tsifved.
OIL ijOWTUIUQllt
•Dividends rcwiived fnuii—
KcL iLicotue classes '
Foreign eorpora1
HCJ tia
HomeStic (iofparfLtk>nsa
number
returns
N'umher
of
AmoLiut
3, 193
S7
4*
1U3
2, 121
JV
35
31
121
1(J4
S2
^(i
Number
or
returns
Under 1 _ . . .
23,0711
14, 340
0,707
7,407
30, 5.TS
10,000
t>, Iftl
3 ucisJfr 4
4 under 5
_,.
.„_
5 Under 10
10 under 15.,,
r ,
15 tinder 1M
-.
20 under 2S
25 under 50 .
fiO under 100
100 under 250
250under a n
...,
500iiLidE>r 1,000
L000 under 6, 000 ,
Jt, 000 and over
..„
Total
3.801
2,143
11, M l
r
Sunder 3
L336
1, 117
A, oils
2,337
3,635
3, 175
A, 315
i.
iao
9. .879
6, 377
J 938
1, 139
1,046
248
__
W2, 028
Amount
returns
pm
12, 925
13, 103
41 H73
66 178
136; 210
134, 830
2,40?
1, 140
74B
7S1
213
1, 348. 193
SO, 344
2,1514,003
2SS
314
ISO
Subject
to excess-
6, 30&
JO
2,004
4, 374
19-. 060
14, 7lfi
J 1,304
125.^171}
Ba, 7.'i3
^044
3,860
11, 013
KW2
22.4S2
21,230
24, 512
43, 647
32.728
202, 853
l i f t 333
205,580
214
J 239
2,308
6,677
B, 523
21.5
2,020
2,036
2,135
ft, 009
23, 7S8
23,367
44, 384
47, 560
49, &GS
:
Heturii* w i t L at.t iticuuir — Cuutiiiued
IMnrost
on Govticms--'
Contd.
Wholly
Under L
1 under 2
2 linger 3
4, HI
B, 38tj
5, 4'J9
10, Si7
B, 1*)
C, 803
4,97?
lo' 4(ji>
13 4W
7,864
4 under £
a unripr 10 . . .
JO w i d e r 15
. . . .
IB under 30
.
4 4N4
12, 775
2 j u n d w SO.
__.
BO u n d o r 100
100 under L!SU
2£0 uudyr AM
SOOutld^r J.000
1,000 niidor B, 000
5,000 and over „
Tutil.
.
^
2J.032
2G. 330
2 \ 0+7
,...
.
.
N i] TTibrr of returns witli—
Only
cash and
assets
other
tlian
corporation's
own
LIU. 025
;-! 510
S, 409
5,630
4, 3S>2
1,751
B77
237
^47S
Amoutit
Both c»^h
Only
other ihna
tiou's
own
Stock *•
tiou's-owu
stock And
76
43
tlon'sown
stock »
Cash and
other thtui
Ofirpnration'sown
stock '*
L7, 009
IK, 433
Cfirporaawn
stuok "
7S*
7C5
47
21 ^330
LUCOBT
31
101
37
122
17
29
13
iys.
4
113
54
1
21
6
1, G22L297
3,068^107
a4, J 17
SS,25rt
474
1, J S 7
7,^774
170.01S
S!l
13T>
1, 1U3
3i, 436
si,
ono
7S.317
2.S59
i, rii
67, 734
250!, 531
11. C J ?
321,339
ft
84.1
5.50.515 i
WtWi
4Tflv 7Stfi •
19,035
' Sec footnote 1, p. .
* Datn. rft^ortfri in fs(?h^rttilti M , p. 4, Tfirm 1120.
' Dl vifinmis r™m dom&slEc eoruoratlcus subject to taxa( LCJD under Title l of the lieywme Act of lS3fi (col.
2, schedule r , p . 3. Form na>> wnich i-s thr n i m i i n t usrd fnr the «>mT>ut(itioi of iliviflcnflsn^eivtd cr«f)i(.
^ Incluflert in "Othor rticciptsj" fur losrt. Kssporipd iii ool. 3, schedule 1 \ p. 3, F-orm 11LD0, and not nsc(I tor
the computation of dividend a received credit,
1
Consists ot jnlurQsi OD United fltat.ee savings bonds nnd Treasury bcnitis owned in principal amount of
over $5,000, reported as i t e m s , schedule A, p . a, F o i m 1120. For 1G96, this amount also included Interest on
17
STATISTICS OF I
Corporations, 1&37, by net income and deficit classes: Total number of returns,
number of returns with dividends received from domestic and foreign corporations,
amount of dividends received, tfU&rest received on GnvernmenA ohliQaLioTia.^ number
of returns Kritk dividends paid, and amov,fit of dividends -paid in cash and assets
other tkan corporation^ cnvn alack, and in corporation's ouin Hock—Continued
[Net income i n d deficit clWBWS and money figure* In thousands, of dollar*]
Returns wlfcli no net inco me i
Interest retieivied DP Qovernmcni: obligntians
Total
Uumhijr
TkiU'.'it classes '
IXuncstic cormra-
Foreign coiporatiooa'
ofupturns
Numbcr
Under 1.. „
1 under 2
2 tinder 3
3 under -\
4 under 5
5 Ltnder irt
lOnnder i.i
20 under 2H!
38,063
20.309
13 111
.
!
35 Qlldcr SO.
50 uudor 100
100 under 250
250 undra- SOn
500 under l,M0__. _,
i,ooo under 5,CHJ0.,._,
J5,O0Q&iktflver
Total
Wholly
tax
Aifloont
Amoiiot
!
exempt
B
6.ES.1
J 731
1, 107
735
2,SOfi
1, Iff!
1,617
S.33B
^.327
35
13
21
4fj
Iti
17
8.329
1^,210
7, fi7.1
sso
2[47B
334
2, 7ft9
571
JVU
242
170
JOS
S3
33
Btt| 711-7
13
S
4
E85,8iy
14.532
iC7, o a
3S7
15
12.001
12,042
S7
I.1)
1 '215
3.404
^t. 311
57
l i , as*
352
125
fi34
1, 101
1 !iy4
yoo
2. MS
3, 2SS
1,304
2, 4N
6, 253
2,991
3,326
i t iiaii
713
4,317
4, MS
i, »ae
1-ft 017
£2,90ft
J7,SS3
19.670
SI, 194
101, OW
3,623
4 ^31
3,978
S, Ml
IS,3S6
443
55, US1
100,537
321,537
SS.92S
252,659
1,038
J3.394
24.OOQ
lietiims witU no met income i—CoutlDtnid
dividends paid
Kumbei of retams with—
Only cash
und nsseta Only coralhr-r th»n Fmrat
eor]x>ra- own s ion's
toet'
t ion'a own
t7
a, 674
1,290
7IR
Tinder 1
5 under If.
J 5 under 'M
2fl under 2.5
LOO UJKliir
2m.
fl-WTinderStw
500 nnc
,
r
5,000.
5,000 a n d o v p r . . .
1,037
530
101
4U2
2S9
177
se
31
7
assets other
Ainr.unt
Cnsh nnd
assets otLor
than ndrpft-
own stock »
rai !on 'sown
t «
C'>rpr>n»-
[i'vn'g own
lfl,030
2,003
US
3,575
21
13. 53&
P, fi42
£11
298
263
453
335
9*4
4. we
14, 7S0
22. £«R
H.S30
ia&
l.flOfl
303
4S0
SOD
10,000
Torn!..
*blife&tioits of instrumentnTit[•fs of the United States other than those issued undor the Federal Farai Ixjaii
Art, or sued Act !is BinBaded,
' C<insists of int^rrsrt on ohLi^atifins of States, Territories, or political subdivisions th^ronf, or the r>istr]et
otColunibia, ot United Rtate»imsseds[on£; ohligattnnsof the XTnited States issued on or bc-fr>Tc. £pnt,.iJ 1917,
Treasury notes, 'J'reasury bills, Treasury uertificatrs oMndcbti'dness; tJnit^d Slates sai'tnpg bonds and
Treasury bonds own?4 [n pr!uci[jHl amounts at $a.oa> or leas and obligations of in.st.ruTijpn tall ties of theTnitcd Statfls, Fbr L4W, Interest on utliaatLtms; or lnsttatcfintalUEeaof ttua Uniwd 8tfl*ea QVBPX tt»»Jn. thfies
issued under tho Federal Farm Jrfifln Act,etstichactasaiaBiiUe<lr*BSsubjeettocK6ess-prchflt:stas
CapcnotBftJ.
' Corwspqtids with "Cash di\-\<tends. no StOnk dWirtend-5(' Tor 19S0.
* Corres!»ncl5 with ''Stock divicJ«iidsh no cash dividends" ior 1936• Corresponds with "Cash and slock dividends" for 1936.
"> Curresiinrds with "Amount oi cash dividends"for10S6.
11
CorresiKMids with "Amount of stock dividends" Tor 1936.
18
STATISTICS OF INCOME
DIVIDENDS PAID
Dividends paid on capital stock of domestic corporations as reported
on the corporation income tax returns for 1937 arc: Cash and assets
other than corporation's own stock, $7,514,017,192; and corporation's
own stock, $188,670,062. Dividends paid in cash and assets other
than corporation's own stock increased over 1936 hy $134,fiH4t385, or
1.8 percent, and dividends paid in corporation's own stock decreased
$156,302,250, or 45.3 percent.
Amounts specifically designated as corporation's own stock dividends ill items 3, 5, 6, 7, 8, and 9(b) in schedule M, page 4 of return,,
are tabulated as such. All other dividends (except liquidating) are
tabulated as cash and assets other than corporation's own 3toclw
The amount of dividends paid in cash and assets other than the
corporation's own stock represents taxable distributions and the
amount of dividends paid in the corporation's own stock representsboth taxable and noiitaxablo distributions.
In the text table on pages 16—17, the number of returns with dividends paid and the amounts of dividends paid in cash and assets other
than corporation's own stock, and in corporation's own stock are
shown by net income and deficit classes. In basic table 3, pages
58-60, the dividend payments are shown by major industrial groups
for returns in aggregate, and for those with net income and with no net
income. In basic table 5, passes 80-86, the amounts reported on re turns
with balance sheets, grouped by size of total assets, are likewise shown
in aggregate and for those with net income and with no net income.
Dividends paid in cash and assets other than the corporation's own
stock, and in the corporation's own stock for returns in aggregate and
for those with net income and with no net income, for the yearn 1922
through 1937, are as follows:
I9£B—87: Dividends paid ' in cash and assets other than corporatiort'$•
own stock, and in corpoTiLiiortr's oion stock
Heturus with net income *
Ket UIJJS with Jrig net
income
Tush and
Cash and
assets oilier Corporation's assets other Corporatioo's assets oilier
Corporathnn eorpnthtm enrpo- Own stdck ^ than tflrpft- titin's o w n
own stack * ratloir's own
ration's own i stack •
stock*
t
stock *
1933.
1933
1935
193S.
1929.
1930,
1931.
1932.
1S34
1»35.
3,49ft, 715
4, INft, US
5, IBS, 4
56, e423,
i i 2I "fi
7, OSa, 723
2
8,164.241
M, Soft, 379
s, wo, ex
7 3V933;5
7, !! 1-1,017
3. SIS, 0.50
AG1 f 28(5
510. 52(5
flH, 431
757,650
J 702, M l
MO ias
I, 2S8t 643
411, 180
163,530
111 Oyfl
2H,;63
135, S5V
3,11^2, S70
3, *20, (520
39y4gyi
3.
4,
K, Tfi5, 4Tfl
,1HG, ttlfi
tST, 167
502,
;ie
S42,17
saa, a
e, sza, 0M
3S71SSO
?3
3, S22, SW
4,0&l( 002
7, H&.ttO
9 3 Sfi
250.
SO. 450
173,419
113,10a
33
170, Olo
104,1tft
372[ 17X
i Chi?, 701
513, FUJI) !
1.361. 1 6 1
2,279,
1, fifiJS,ilS :
741. 570 I
1,036, rei
41.942
4MW
4O[27S
]e3[ti81
85, M4
53,122
21,583
tiis
112
17, 7
? 3o : r ;
flidos tliidtttufe pstd by lift insurant* companies for all yeans prloc u> 1&2S.
* flhanses m the revenue acts nfTectins the comparability of statistical data from Income tax returns of
corporations are EU iniuArinttl oa Pp. 221-227. Tito olstsKlfictiiina uf ruturn?. lut'i t.liuse "with net iuooiae"
Mid "with PO pet income" is- hawd <>n the n*t tacom? for incama tan (Mjmputation fo* 1922-3C and on net
inocmt for MoeGB-ivroflts tns computation for 1931,
3 Corresponds with eoJumn hesdiaB "Cash divideuds" used for pripr years.
•• CoiTfspimfls with column headiug "Stack divldemlH" uaial ftirprLur yenrs.
-s Revised. For 1&27, see Slatistigi of Income [or 1B28. p. S2&. For 1928, see statistics orin-conie lor 15)35,
Part £ , p , t , footnote 2. f o r 1929', see Statistics of Income for 1934, Fart 2, p. 9, footnote 3. For 1930 and 1034,
see Statistics i>l Inwmij foe 1DS&, Fort 3, p ,ft,fooLnoty 2.
me.
L-H-l. 372
STATISTICS Or ISCOJIE
19
The dividend payments for the. years 1934 through 1937, shown
in the table on page
with
for prior
p g 18, are not strictly
y comparable,
p
th those
t
por
years For sUUvment of thft effect on drvidoand payments
p a y m n t s o5 the
th disdi
years.
continuance of the privilege of filing consolidated returns under the
Kevcnue Act of 1934, see Statistics of Income for 1934, Part 2, page 10.
RECEIPTS AND COMPILED DEnUOTKI.\S
In the table on pttge 21, there appears a summary of compiled
receipts and compiled deductions for the 477,838 returns of active
corporations, classified by those submitting and those not submitting
balance shoots'- Compiled receipts and compiled deductions, composite for all active corporations by major industrial groups and by
returns with not income and with no net income, are presented in
basic table 3, pages 58-69. For returns with balance sheets, the
items of assets and liabilities as well as those- of compiled receipts and
compiled deductions are shown by major industrial groups and by
those with net income and with no not income in basic table 4, and by
assets classes in basic table ~t. the latter table showing the aggregate
for all returns with, bulannw shoots. Tho tables show also compiled
net profit (or compiled net loss), net income or deficit, normal tux,
surtax on undistributed profits, excess-profits fax, total tax, and compiled net profit after deducting total taw
Compiled receipts comprise (1) taxable income consisting of gross
sales (less returns and allowances), gross receipts from operations
(where inventories are not an income.-determining factor), taxable
interest received, rents received, not gain from sale of capital assets
(reHI PState, stocks, bonds, etc), dividends received on stock of
domestic- corporations subject to taxation under Title I of the Kevemie
Act of 19lii't and on stork of foreign corporations, and other items
grouped »s "Other receipts," and (2) tux-exempt and taxable interest
received on Government obligations.
The amount of "Dividends received from foreign corporations" is
tabulated separately fOr the first time. Formerly those dividends
were tabulated with "Other receipts."
, for 1937, inkrat, veetivtn\ on instniTnentalitirs of tfic United
States ia not subject to tlio excess-pro Pits tax and ift tabulated in the
item "Interest received on Government obligations wholly taxexempt." For 1930, interest received on instrumentalities of the
United States other than those issued under the Federal Farm Loan
A^t. or such net as amended, wn-s subject to the excess-profits tax
and such interest was tabulated in the item "Interest received on
Government obligations subject to excess-profits tax."
Compiled receipts cxclucic. non taxable- in come other than interest
reeoh'fid on Government obligations, which is wholly tux-exempt.
Compiled receipts differ from gross income, us the two terms are
used in this report, only by the amount of wholly ta.x-cxompt interest
received on certain Government obligations included in the former
item.
Certain items of compiled receipts, namely, dividends received on
stock of domestic corpora Lions and wholly and partially tax-exempt
interest received on Govemuu'iit obligations &ve showrv for returns
with net income and with uo net income classified by net income and
deficit classes in f.lie text table on pages 15-17.
20
STATISTICS OF INCOME
Compiled deductions comprise cost of goods sold, cost of operations,
compensation of officers, rent paid on business property, bad debts,
interest paid, taxes paid (excepting income tax, excess-profits tax,
and other disallowed taxes), contributions or gifts (limited to 5 percent of net income before deduction of contributions or gifts), depreciation, depletion, net loss from the sale of capital assets (real estate,
stocks, bonds, etc.), and items not classified, including amounts of
negative income (i.e., transfers of losses reported under income items)
grouped as "Other deductions." Compiled deductiors do not differ
Froin deductions; as the two terms are used in this report.
Compiled not profit is the excess of compiled receipts over compiled
deductions, and is larger than net income, as the term is used in this
report, by the amount of wholly tax-exempt interest received on
certain Government obligations. Compiled net loss is the excess of
compiled deductions over compiled receipts and is smaller than deficit,
AS the term is used in this report, by the amount of wholly tax-exempt
interest received on certain Government obligations.
The amounts tabulated as "Cost of goods sold" and "Cost of
operations'' (items 2 and 5, respectively, schedule A, p. 2 of the return)
include salaries and wages, taxes, and depreciation only to tho extent
that these deductions are reported as part of such costs. Amounts
of these items which may be allocablo to "Cost of goods sold" or to
"Cost of operations" but which, are reported elsewhere on the returns
are tubulated under "Other deductions," in the case of salaries and
wages, and under "Taxes paid" or "Depreciation" in tho case of the
other two items. If any deduction items other than these three are
reported in "Cost of goods sold" or "Cost of operations," adjustment
is made, and the items are transferred to their appropriate classifications.
The deduction item "Compensation of officers" excludes the
amounts paid to the officers of life insurance companies which, file1
Form X1201J. There is no provision on Form 1120L for reporting
this it«m? and from the uniiual statement submitted with tho return
it is not possible to obtain the compensation of officers separately.
The net loss from sales of capital assets is limited by ln,w to an
amount not in excess of $2,000, after deduction of tho giun from such
sales. The definition of capital assets, the limitation on net capital
loss, and the corporations which are exempt from, this limitation,
effective for returns with years ended December 31, 1934, and thereafter, axe indicated in. the section of this report entitled "Kevenue
Acts of 1913-37 and certain tax provisions of the National Industrial
Recovery Act (1933); also the special excise tax under act of August
5, 1909", pagos 224-225, footnote 5{d).
21
OV INCOME
Corporations, 1937, returns in aggregate and wilh and teithovt balance sheets: Number of returns, corn-piled receipts and compiled dednclion&t compiled net profit, net
r"iwv)«i#, normal Lax, surtax on vndsntribaied profits, excess-profits fax, total tax,
and dividends paid
{Money fieuns In ihqqsmidg of dollars]
I
!
balance
sheets
returns
idfi,
receipts from operations E
Interest....
p
*
,
J06,OR,\ W0
£3.91 a, [JiiU
2, flOI.OOl
270, »
D it" idling s frull):
domestic corporations'.__
_._
Foretell tiorjjorutions *
OMWr receipts s
.
......
ij,
Dmscmpt and taxable income;
Inter Pit an OOVITMUUIII s Mi^uf Innsi:
Shj
fi
*
2. ?&% 2550
200.142
1,110,804
47B.302
Total umnpitert receipts
!
142, 443. S79
CQil.CltvSKHiB.5flM'
..
Cast of operations l ".
CciinpiiDsatioti "f ufllwrs •'
Kent paid on business property
B a d debts
Ititmwt paid
„.
Tajws puid, other than Incomes and e*<*ss-profi.ts t a i t s
CotttrirmtioDS or gifts >*
T J l t i
ep
N"et
(inductions I5
npllOil nirt profit
income "
lh^IVt, 7UI
756. 391
3, (Mi. 148
3, fid*. Sfii
aS. 727
.
&0,
.•1,042
5.22S
4705
13S, Wfi, 7.12
11,^1,879
2, 710, 415
] r 513. 747
TJSS, 1 7 , i
134, 513, 066
131,13fl, 103
17.
45,335
not profitless total
fcas
,
paid in:
r^asli ami nsscts ottier than
corpora
(iun's
own stoolt
:
aw, an
164, 543
22, 351, 083
S02l
43,537
B3, 623
34, 731
03
£-,ttUo,372
3, 571, lS-'i
SJ.91S
3, 3i5fi, ifiD
SOD. Ifi"
14-1,313
21, S04, 372
7, fiSClL 2 M
__
KiiTtni on undiFtrihuted profits.
Excess-proGls Liii.
TOtill tHX_
Corj»rai,i(>i]'s own Stotk *..
84, IG7,"6f
J2, 251,343
2,601.451
204, ]0fl
2. 297,112
51.044
23, Si 6
77.276
94,379
Si 10
23,730
2(1,237
7E7h311
7, 776,
T 3M
X 032.63T
173, 90L
40, 704
34,383
3.698
3,632
.
lees returns iimi nilowances where inventories are an inooTne-dc&wmlDtnB /actor. Fur "cost
s&e "dedauLionSh"
]tK (rpm operatlooa whers Lnventociw ans not an inconm^ctermlulag fuctor. For "cost of
•operatipns"
sea "deductions."
3
See footnote 3, j>. ie.
* itee [ootnutt; 4, jt, 16.
' Unlilto iftje, excludes "dividends from loroign corportttions,"
*T S w (wnnfltt &, iv(i. ift If.
See footnntefl, p. 17,
*fc.\tiHJifch;nonMivnbk tinaime other thun interest on Ui-eicnuit o!jli?!atious reoorteti in sshrtdulB B, p, 2.
Form U20. lookul^ii for a lijnitf.3 QurfL^r «f returns the cast rtrsMuriti?^ ppTiehaseti lor (.•usiuiner.
*L Ijicliid^s taxts whieli are mported iii "cost aJ soo'Is s<iJd."*lh f o r inttliod of ubuliuion, soo p. 20.
" Include twxs whloti aro ruiMjrttTfi in "cost- of operations.
I^OT motnod of tabulations, see p, 30.
1]
Rsclufioa Munpcnsatioti ofofflyeni or life-insurant (Mininiriuis winch filn Form 11201,.
u
Excludes
tax[is
rtjpoTtpd
under
"oost
oC
^oods
solfJ"
and
"cost
of operations."
L1
Limited to 5 iwstxnt oi net laconic Bcfujn: Hlciluction of oontributtons or gifta.
H
PorliJTiltution on jimount oi pnpitai loss that may be allowed, see section of this rejHjr t «n tit Jed "Rev euue
Acts of Jtu3-»7," etc., ]>p. 224.-22A, uoto SWi!•*
Includes special TinrujTpcTi&e deduction it«m» allowed tiJVIiiBQtaDc* tjnrnpanips.
L
* Incltidea for a Jliuiciid mimbrr or returns the cuafc of sncurLttns purchased for customers and special naneEponsc dediiction itoms ailon-td life-insurance companies but excludes oompeiL^fitioit «f uQlcur3 of lffcLnaurance companies which flk Furm 1J20L.
J
* Net incomij for exwss-proflts tax computation (item 28, p. 2, Form 1120) which Is ur|ua] to the difference
t r t "total iiiCfjii)*'" and "total deductions'' (itfecus 14 «nd 27, rtispe^tivbly, schedule A , p. 2, i^
Far comparison of tlie sunounts of Del Income for 1037 and 1936 with tbose tor years prior to
p. 1.
" Corresponds wilb "cash dividends paid" for 1BS6.
i* Cgrrospouds with "stock dlTlctends paid" for 1938.
22
STATISTICS OF IXCOAIE
ASSETS AND LIABILITIES
In the first and second following tables are shown respectively: (1)
A summary statement of the principal assets iind liabilities us of
December 31, 1937, or the close of the fiscal year nearest thpreto,
reported on balance sheets for 416,902 out of 477,838 returns of active
corporations iuid (2) the number of returns and the number of balance
sheets tabulated, by net income and deficit classes. The excess in
the number of returns OVCT the number of balance sheets tabulated
represents returns of corporations which did not submit balance
sheets or for which balance sheet data were fragmentary. In basic
table 4, pages 70-79, the principal assets and liabilities are shown by
major industrial groups. This table also includes it-ems of compiled
receipts and compiled deductions for active corporations wlii^h submitted balance sheets. For descriptive statement of compiled
receipts and compiled deductions, see pages 19-20.
Corporations submitting balance sheets, IBS?, in aggregate and by returns with net
income and vnth no net income; Nymb$r of returns, assets and liabilities as of
Dec. 31, 1037, or cfose of fiscal year nearest thereto
ures In Iboustuids ofdollar*]
Number o( returns with balance sheets a
Assets:
Cash'
• a n d iifjramnts re-ejcsivabin (luss reserve? fur b a d d t M s ) .
InvaStLnKints, novtirrimrnt Ol>Eigfll;on5 V . _ . . .
Investments. Dllier Itmn GuvernutPiLL ubtiealions s
Capita] assets— r,an<1, 'buildings,equipment (U'ss deprecia
tion and (lop Lut ion) .
Otiler assets
:
Atttiuiits payable 7
Bontls, ncthw. Tnortgiuct's ijiiynh
M a t u r i t y I'.'ss Lba'u 1 year r
M n t u r i t y ] ye-fiT or nioiv 4
O t l i t r HabiJities"
C a p i t a ] stocfe. prsfp-rricd . . .
C a p i t a l shick. cnniinon
.
S u r p l u s a m i nTidivjtted i>rgfics
LCHB definit "
T o t a l iLnbiliti™*
1
17)1,935
24, 34«.
40, 32V.
17, ;47.fK?4
3(J, aii7H (374
M,*JS7, KM)
12.1'XI. 725
P
jj3.OS5.3fil
317,987
10rOiiJ,3afi
[I. .%•», 770
11,280.793
31, USi, 30&
1UO. '620,
10, V94,
33.
.
4,612,317
<1H. ;t. r i7,
10S. '(&, 535
10,372.70"
13, S2fl, 317
9,162, 65S
5, 364 002
ft.no. PS£
4. 2fii. 734
23. 2*U, 2S7
44. 104, li.r>3
4.ffl3*.P3S
20. 770, SOB
11. Ofil. fi32
in. 103, W3
afl.0S6.O5f)
4!i>lU.7!i9
13, 3fi8,Sl"
12.fiifB.fHi2
lOii, 763, 2S
• 303, 3J57. 17S
11
Tim olfissIfleftltoH. <JF ruturns into t'loso "with not inenme" n n i "with no nut [nconi^ Is base-tl OD aet
ncome for pseres-profits tax computation (item 2fj, ?cliudu)o A, p, 2, Form 1L2J). The dltlereiios brtwicrn
03? and iSSii in The bases nt dnssiflnnlion M Ktatf^t
at
on |i.
| S.
.
and returns
wLtli ftai?iii<!iiw.rv balanc? sh<wt data,
t
xclurtcs roturos tor innol.ivi
in bank.
f Indldfips cash In til] anrt depn
Htimfi-uf States anrt pJ>rrit<?rics,
• CorrusjuMifLi witli "[nvobtuic
p
,
"
for
iflSf*.
or puUtical subdii-isious thurcol.
ti States, and ohligatioTiaof the
-1! of iu»trnnt«Dta!ii.io!> nTthe
Unito.fi
fttatos nr tts pn^sflspimiw.
fi
^
i
i i t i - t i r a i p t " fi>r 1^36.
( J fd
witlj "
*T >"or rnpfhori tit tahulfltinp '•< otal nascts" anri "tntnl llnbilltiivi", s w nTp1nnH.rHin. j>. M.
Fur 1BSH, "flupniimsi pnvable" aiKl HOIL'-F pavahii? wit3] nr^hiiil Tnat-uriiy of li'ss ihau l year constitute
"notes an.'l awoiiTi!.^ uayaM•-,"' fin i ^.ITI'IS an-:! rnon^Eisrs -.vEth orLfjir.il] muriiriry of 1--^ tJisin J y«ftf aro
iticltlitn'i in "bomii'd flnfit artf) innrtijuijps."
* For ian>. included ia "bonded debt and mortSHip^s."
* T'ljlilt^ iflSfi, r^Krliidf^ "siirpliiK rn'Hfiv^s,"
• ' ConKists of "surplus i-ftst'ivus," "paLii-iiior capital surplus, 1 ancl iLearnprt surplus a D(lr?n*1ivi(lfld. profits"
<iten)S 10, IS,ftii<110, schedule N",
p, .1, •Form ] lity- Fnr mifi. The; amount of "HUr^lUS reflem*" was included
to11"oihtT llfthMit.ies." (Also six1 Kepniiri paTTKTTfijih. [>L 2S.1
Consists oFn«?ativeamoiviTltsrt>r "paid-in or capital Slirplns" ami "pnrnrri surplus and Ud<31 vIfkeJ profits"
<irt'trts IS nncl 10, yi'licituk- N", p. £•, Form 1130). (Also scv SLH'onei iiarsigraplv p . 33.)
23
STATISTICS OF INCOME
, W37t by net income and deficit classes: Number of returns, and number
0/ balance sheets; also nztmb&r ttf relumx of inactive corporations
Rutums with net i
Net income »nd deficit Classes '
SO. 03
Bi.U
1 UIKIHT 2,
3I_I_I_<T4.
Sunder JO . . .
lfi iihikr i._
V5und?T70.
rW undrr lflft
KJO U n d e r 230
2r>fl Iini1f>r MX).
- .'Ml UNtkr 1,000
1.UUC) under 5,000
5..000 tind liver
.
_
4. ]J#I
B, S7B
_ _ _ _ _
9H.IS I
S0.J2
97.27
96.66
19,323
9.727
S. flfl*
4, (luJS-
W. 05
tj, ISO
liaii
|
Total
.
.
. ...i
X U U I L K T [}f returns of inaiClivecojfiKirallfjiis '
i, •*?
1,04ft
24S
342
J6.64
9a. 61
]87
33
!
ITS, {*_.! I
19, 21ft
7, GTS
31302
2,479
.V0S4
_!, 75W
1,64'!
470
V3. 18
7, !t7fl
17, aoft
? 4X>&
a, 540
2,305
4.ft48
2,485
], 38i
•i_!fi
215
171
237, QG7
K5.90
88.13
SS.5S
HI, 27
00.72
_n. ii
fll 4_
1Xj!07
_Cj ;>l
00. M
841.84
fli.44
W-07
S3. 20
For 1937, the three items "Accounts pnvnMe," "BOTKIS, notoft, and
mortgages payable, with origins] muturitvof less than one year/' find
"Bonds, notes, and mort^a^es pnyable, ^itli origrinnl maturity of one
year or morcJJ 11 re tabulat«d separately. For 193B, notftfi payable,
witli original maturity of lefts than one year, and accounts payable
were tabulated togetiiei as "Nntes
ami ar-counts payable"; and all
bonds mid mortgages jjayubk1, rp<r!irdleps of lengtb of time of original
matuTily, and notes payable, with original maturity of one year or
111 ore, were tubulated together as "Bonded debt, and mortgages."
The. amounts of "Surplus and undivided profits" and "Deficit" are
not comparable with those for prior years. "Surplus tmd undivided
profits" consists of the following amounts wliicli are reported separately on t.hr return: "Surplus reserves," "Paid-in or capital surplus,"
and "Earned surplus und undivided profits." If one or more of those
amounts are negative they are tabulated ai? "Deficit" and the rcmaiiiinp; positive items ore tabulated as "Surplus and undivided profits."
In prior years the net nmount of "Surplus and undivided profits" or
"Deficit" wns tabulated from each return and "Surplus reserves"
w«.s included in "Otlier liabilities."
The three, following adjustments in the ftmounts of "Totnl assets"
and "Total linbilitiRs" are made for iteins of .issets find liabilities which
are not reported correctlv on the balance sheet of the return: (1) A
deficit reported in an ussut account is transferred tn its appropriate
place in the liability section and "Total sissets" imd "Total liabilities"
are innruased by tbe arnmmt of the deficit; (2) ii deficit in surplus
shown in tlie asset section is transferred to the liability section mid
"Total assets" and "Totwl liabilities" are dec-reused by the amount of
the deficit- and (3) reserves for depreciation, depletion, and bad debts
shown in the liability section are used to reduce the corresponding asset
accounts and "Totnl assets" and "Total liabilities" are reduced by the
amount of such reserves.
24
STATISTICS OF ISOOME
"Balance sheet items not otherwise classified are tabulated under
"Other assets" and "Other liabilities," among which are the following:
Other assets.—Copyrights; formulas; goodwill j patents; trademarks; machinery and equipment leased to others; sinking funds;
other funds; deferred charges; oj^ganization expenses; prepaid andw
suspense items; interest, discount, coupons, and dividends receivable T
gua.ra.ntv deposits, and deposits on contracts, meters, and leaseholds;
cash vafue of life insurance. Other assets of life insurance companies
include market value of real estate and bonds in excess of book value;
interest, rents, and premiums due; and agents' balances.
Other liabilities.—Deferred and suspense items; funds lield in trust;
borrowed securities; outstanding: coupons and certificates; overdrafts;
and all reserves except reserves for bad debts, depreciation, depletion
and surplus. For prior years, "Other liabilities" included "Surplus
reserves," Other liabilities of life insurance companies include the
net value of outstanding policies and annuities, and borrowed money.
Other liabilities of banks include deposits (timo, saving, demand, etc.)
and bank notfts in circulation, and other liabilities of building and
loan associations include certificates.
C-(*rporations submitting balance sheets, 1937, by mayor industrial groups,
ffpg
and by returns with net income and with no net income: Gross capital assets, reserves for depredation «*irf depletion, and «^t capital
£
f dollare]
Industrial croups
'liectit on
land} ,
A sericulture and related industries
Mining &nd QilftTTJ'ing...
Mannfacturirijt:
Foofl and litnrlrMl PTfif!unts
IiiQUors Hud beverage* (alcoholic and
T o W r n products..
Textile mill products
^
p
pp l
Leather and Us manufacturesRubber products-.
Ftl
Paper, pulp, and products
Frtntlnp, imKHs'hinE. nncl nlJlcd industries
Chemicalssnd ;illi«i jiroduct-s
Pfittoleum and other m In^ral oil JYTMIIH^S
Stone, clay, and class prcniaeis ..
Metal autt its products
Mrtr.r Tohlnlna. Cfimrilete OT iwrte
p -not elsew hero cJataiJ^ ed
'TraDspDrtBdjon and other p u b l i c utilities...
Sftrvic*—PHvfwsional, amufieni^Tits, hotels. ?tc
FlnancHi-PBrikit]?, iTiSurancc, real estate, l l d f
and b o n d tlrokcj-5i e t c . K
mtiiTipgs pot given
Grand, iota]
For loHttnoree, see p .
1.S0S
9. 710
333
3.962
3.724
1 itfl
'277
2,333
1.4M
l,5Hfl
12B
Hfl
745
1,040
1,U47
8H4
SS9 !
17V
3,004
22?
1. fift?
I.VtiB
1, 242
7, 330
1,734
10.92"
140
217
M7
Vni
sr.ft
1.071)
'' 725
4.842
5. 74S
Voos
(3.0*S
25
STATISTICS OF ISCOMR
Corporations submitting balance sheets, 1937, by major induxtriul groups, in aggregate
and by returns with net inuo-me and with nt> net income; Gross capital aes€ls} reserves for depreciation and depletion, and net capital assets—Continued
(Millions of dollar si
Retunif
wlthiict. incomo '
Kcturns with, no nsf
NTrt
for dtijjj'pClatlon
rind -LIC-
Itosorvca
Industrial er<itij)ti
cifitinn
and de-
capital
nfii'l ml
assets a
od land.)
Agriculture and relatei.1 isnlniirnis
M i m i l g mill <iUflrryi.r]£
.
.
77S
5,8C7
fiS7
Kit)
ifli
404
hl
3.843
121
1,MS
Manufacturing:
JFoud and tiudrcj pruduuts
730
Liquors nni beverages (ak*hnlii? and
Te^Lilu mill tirnduijtH
Clnthiii^ amJ ^i>|iarvl
Varost products
I'aper, pulp, ami produces .
......
Printing, publishing, aud allied inChcniicals aciri alliefl prudnnLs. _ ...
Petroluum and oth*r miTLeral Oi]
pnxJuets
. .
Stone, cla>\ and g'lass pi^ducts..,, _„
Meta.1 anil its iiitxlucts
Motor vehicles, eoiniilfte or parts
Munufacturing not eliscwberc classilied,...
TotaJ luanufoeLuriiif
is
Hrand total
.
fi
isi
44
112
168
143
Hi
170
415
11)3
540
247
m
53
en
SB
14«
BO
Sfi
•2. 0 5 4
3.958
179
13,2(11
00
fi7ft
79
Sfil
3, £17
430
1, lf»l
1H3S)5
1,772
"730
14, wfi
17, SSI
fi,'134
1.S22
30.34 fi
301
21, 7liG
1.556
2,1S8
2.712
^^13
1, 251
3,560
'
2
£173
1
2»}, 807
1
7
471
28
SI
35
73
514
fonslrtiett
TninHjH>ri,atiH>n anfl cither public utilitbes.
^atUrftOf hLIginCsSTtot gtTCD
77
J..1I9
51,747
Eervioc!—Profossioual, amusements, hoteLs, etc
.. .
- -.. Finnnc*—Banking, icguranw t real estate,
lirtlrtlnir companies, sto^k fuid !»DC(
brokers, etc..
PCS
fivUlO
15
2
4ST2Si
9,623
43
10
i SOB footnote 1, i). 32.
= ConsistE of (1) d«preeiftblc ftud dcploiabk artsftta (lniflillnps, mnchincry and equipment, furniture and
JiJitTirtw, dHLvPTj-eqiilpnipnt, ottier depreciable SSBCIS apd natural r^jsourcra) and 12) land.
* Nel. capital a-sacis sro alsc tgibulatecj in text table on p . 22, and basic tables4, 6, and ft.
The following changes in classification affect the comparability of
asset and liability data over & period of years: Prior to 1929, "Investments other than tasr-fixempt" were included in "Other assets'* for all
cprporationa; beginning with 1929 they were segregated for corporations other than life insurance; for 1930 and subsequent years, they
are segregated for all corporations. Over a period of years shifts
appear under liabilities; in the amounts reported as "Common stock"
and "Preferred stock, ' because of variation in reporting these data.
For balance sheets in which common and preferred stock are not
reported separately, the combined amount is tabulated as "Common
stock." For balance sheets with no par stock and not showing capital
stock valuGf the net worth is tabulated under "Surplus and undivided
profits."
The preceding table presents, by major industrial grroupsf in aggregate and by returns with net income and with no net income, the gross
26
STATISTICS OF INCOME
capital assets, reserves for depreciation (except on land) and depletion,
and net capital assets. Gross capital assets include (1) depreciable
and depletable aasets (buildings, machinery ajid equipment, furniture
and fixtures, delivery equipment, other depreciable assets, and natural
resources) and (2) [and. Attention is directed to the fact that the
amounts of money in this table are in millions of dollars.
ASSETS AXL) LIABILITIES, COMPILED HECETPTS ANT) COMPILED DEDUCTIONS,
BY TOTAL ASSETS CLASSES
For corporations submitting balance sheets, classified by to tat assets
classes, the following table shows for all returns and for returns with
net income and with no net income, the number of returns, total assets
as of December 31, 1937, or the close of the fiscal year nearest thereto,
total compiled receipts, compiled net profit or net loss, and net income
or deficit. In basic table 5 are shown the principal iteim of assets
and liabilities and the principal items of compiled receipts and compiled deductions, by total assets classes. In basic table Q, selected
items of assets and liabilities, receipts and dividends paid arc presented
for corporations submitting balance sheets, cross-classified by total
assets classes and by major industrial groups.
These data are compiled from 416,902 returns filed by corporations
that submitted balance sheets. The difference between this number
and 477,838 active corporations represents returns of corporations
that did not submit balance sheets, or for which balance sheet data
were fragmentary. In connection with the classification of corporation
data by size of total assets, it must be borne in mind that, on the balance sheet, schedule N, of the corporation income tax return (facsimile
on p. 236), reserves for depreciation and depletion of capital assets are
deducted from the gross amount of capital assets and reserves for bad
debts are deducted from the gross amount of accounts receivable.
Moreover, certain, adjustments are made in the amount of total assets
and total liabilities for items which are not reported correctly on the
balance sheet under assets and liabilities (see p. 23}. For a descriptive
statement of assets and liabilities, see pages 22-25, and of compiled
receipts and compiled deductions, see pages 19-20.
Corporations submitting balance sheets, 1937\ by total assets ctasaes, in aggregate and
by return* with Tiet income and with 7to net income: Number of returns, total
asselSf total compiled receipts, compiled net profit or net loss, and net income r>r
deficit
[Totalassets dames and money flearee in thousands of dollars.)
Total compiled re! net profit
cciptss
, or net lass
Total assets classes '
Under SO
50 uuder i o n . . .
100 under 250
250 under 500
BOO under i.WJfl
1,000 unrter 5,000
5.000 under I0.WW...
10,000 under GC.0O0-.
60,000 under 100,000
100,000 and ov<at
Total
For footnotes, aoe p. £?.
228.721'
27,eire
17,587
6
4,283,410
H
12, 325,439
37,27H, 384
18,189,712
r
2,281 ,-, 4 9 . M l , & a i
35fi
S4T fi47.274
3M
41G,SO2
5*. 794, 2 9 3
9,-tt-HJ, 15ft
21tttt62
li>, 52?, 205
9,2S2, sea
29, 2fia, 78V
J31, 3*ifp
37, GS4
178, E1O
242,134
317, 333
1, 1(17, frtO
$vi 3O0
1 639 J?SH
751,370
3,060, 467
7, 771A, B4B
or deficit
" 13-1, 6^ 5
to, 462
170, 337
23.4, gsf
303H B^t
1, OS-Sj 641
519 D05
1,564, U97
721, 403
7, 30&, 115
27
STATISTICS OF I SCO MB
Corporations submitting hfilance sheets, 1937, by total ousels clauses, in aggregate and
by returns vtitk net income and with no net iticorne: Number of returns, total
assets, total compiled receipts, cam-piled -net projit or net loss, n-nd net income or
deficit-~Cv n tinued
[Total aaseL<t classes And money figures In t h0U4filt*l£ o
Of returns *
Total assets classes L
Total oreete—
Total liabilities i
Total compiled re-
CoTnpil*sd
net profit
or net loss*
Returns with ae-t income
4, Bfifl, 245
ft) u n d e r 100
MB under 2 5 0 . .
260 u n d e r HK)
BOO u n d e r L,O0O
1,000 under 5.000
a,«oo UJHUT LO.OOO
)fl,O0O under JO.lKX)--,
50.O0C1 under 100,000
1130,000 and uvsr
'$ ty}2
SI OHL
1&!<573
IO,7HL
„
1 T 763
. .
2. (61.252
£ SGfl KM
7 r 53fl,970
24, 2J2,002
1 C '^" OHU
3?. 544,061
•S 714 592
7,434, OS*
or defloit s
a
140,144
H7. 601
li*,97?
3$1 ^4S
468. SOI
1.43B, 500
376,989
460 397
1,404! 5 2 /
AG1.43S
fl^ B7Sh 73C
I 851 2v&
8,0§C,870
23.0t#, 167
J, 270, 054
3,1S3.1JM
9,001.341
0,30l.r>2l
1
]7s,ft3r.
Total
]OF,02S h 613
R e t u r n s w i i l i n o tiet itic on*.
Under 50-sounder 1D0 . . . ...
100undor2SO
.
BOO under 1,OOC
I/JQO under -5,500
£,000under)(yjoo
10,000 under 6 0 , 0 0 0 . . . . .
$Q,OQO under 100,000
100,000 »Tid ovier
„,__
1,33, 411
31, U 6
0,flO3
, ,
''flST
E 201 138
4. 745, 4fl9
13,086,3112
«2T7 4R1
H>y 750
a, Ssd, lisa
3. 593. 563
'2, B«0. 335
2, 244, Ftfl
4. SIS. lit!
1,373^0?
* 277 fi4fi
* U)D 90$
*iro,saa
139, 114
IM.219
328,560
* L42, 001
211,42(1
»243, 116
00
*36O. &66
fti Ift7, ,'598
Tote]
337.H7
h.t*l»
6
1,630,192
1
2 065 ^07
L For metliotj oJ labulaiinp "total aasets" rtnrl "total liabilities" s«e explanation, p. 23.
' Excludes returns for inactive con:«>rai.i«Q5 ancl retunibi with. ftagm*ntriry bdlanr-s sheet flpta.
* See footnote S, p. 21.
* Compiled net profit or loss is the difference het wae-n total [iompitr'l receipts and total compiled deducttoa.
lion ills of net Income for 1W37 and 1970 Tvltlj ihose for STSUIIS prior to 183fi, Hfle (J. 2. TKo (iidereDce betwiean
1*37 and 1.1*30 in tlio bnsos of tlie clubaJntHitinn of the returns into thos« "with aei incuuie H find 'with no not
Income!" i-5 stated OD p. 8.
* Cumpiled net. loss or deficit.
CONSOLIDATED
K E T U B N B OF RAlLnOAT>S
Undor the Revenue Acts of 1934 and 1936, steam and cloctric rail^
road corporations are permitted to file consolidated, returns for income
tax purposes and under the Revwimtt Act of 1936 the term "railroad"
includes a street, suburban, or interurban electric railway. Consolidated returns are subject to the same graduated nonnal tax and
surtax on undistributed profits applicable to corporations not filing
consolidated returns.
According to section 141 (d) of the Revenue Act of 1936, an affiliated
group, which has the privilege of filing a consolidated return, means
one or more chains of corporations connected through stock ownership
with a common parent corporation if—(1) tit least
95 percent of the
stock of each of the corporations (except tht1 common parent corporation) is owned directly by one or moro of tiie other corporations;
and (2) the common parent corporation owns directly at loast 95 percent
of the stock of at least one of the other corporations; and (3) i>neh of
the corporations is either (A) a corporation whose principal business
28
STATISTICS
OF
is that of a common carrier by railioad or (B) a corporation the assets
of which consist principally of stock in such corporations and which
does not itself operate a business other than that of a common carrier
hy railroad. The term "common carrier by railroad"' includes steam
and electric railroads, street, suburban, and inter urban electric railways, but excludes express, refrigerator, and sleeping car companies,
Thus ? the consolidated returns do not include hotels, coal minos, and
other extraneous corporations which are owned by railroads, since
utidoT the law, separate returns must be filed for each of these
corporations.
Consolidated returns of railroad corporations, lBS7t in aggregate and by returns with
net iricome and with no net income: Number of returns, compiled receipts, compiled
deductions, c&tnpifed net profit or net loss, net income or Hejucit, normal taxy
on vndistribvted profits, excess-promts tax, total tax, and dividends paid
\TAttnvy figures In thousands of dolltira]
Returns
wfl.f) r i d
-with no net
K umber oi" returns
cepts,
Gross
Gross receipts from oijeraUouss
Interest..Rents
Net capital pain
D i i d d from:
5U7, 49B
20, ]f)5
J, 7b2
g
p
Other receipts1
eipts, tox-rxempt (infi taiebie income:
Interest on Government. uhliKations:
fluhject to excess-profits tas 1
Wholly tnx-osompt ^
37.388
24,28.3
i, m
1.272
61
1.S4
1, 32ii OIO
Cost of operations I I
,. ,.
Cuintjenauilon of officers l !
..—
R e n t paid <jn tusiocSB proporty
,..,,...
B ^ debts
Interest paid
T&xf5 psnd, oth^r than income and escesis-prgfits taxes ' * . - .
CoutributJonB yr g i f t s "
604
471, 27U
15
4 l t 730
y vavitaJ lws&l(v r
Other deductions '•T o t a l w m p i l t c l d e d u c t i o n s J'_
3, 7BBh
ne, no
Normal tax...
Surtax on undistributed i>rofits_
E f l t
t
!
See fowLn-oic 1, ii, 16.
* Se<* ffintnotf S, p- 21.
SHI ffKJLnnlj' JJ, pp. ]6-17.
*• See footjiole «. p. 17.
* fliV JrintnoW S. p. Si.
i« St^ footnote 9. p. 21.
1
2
II), ]0H
1,009
16
,679, 528
3,448
14, 147
443
343, S33
]H0,*49
12
31,631
76
1,252
274,6,18
l. 2«fl, aoa
67,320
1&3, 877
"184,036
5,469
70
,.,»
6,142
pilfd net protit less total t&i
^.^_^^._.
D i v i d e n d s [juifl in 1
Casb and asstts -otlicr than corporaticii'B own atoi.:k
Cor[ioratioti's o w n atotik «
Se* Kunnote S, p. 27.
See fotjf.nolJC!. 1. p. Si.
See footnote 2. p. 21.
8f4,035
fiES
2; 477
SI
m
Cornpile<3 n e t profit or n e t loss.
N e t iDcome o r d e f i c i t 1
1
1
1
14,269
am
61,67fi
512
12. 4W
Tot&! compiled nec«Ipfcs °-
Total *KX
£4, fttiO
11
6,1+2
121,909
76^776
i" 153, S77
72,1300
Scr Font n o t e 10, p . S i .
" Sw; funlinhk! 13, p. 2L.
11
fie& lofttTirtt* ia, p. 2 i .
IH
Sim ToulLirjli! 1ft, p. 21,
1* Hfe lootDote u , |j. a i .
1*
Sue fiHitmitr IS, p. 21.
t; See luttlnyls IB, p, 21.
" See fnotnoK! IH, T'- Hl» Sre rootnote 19. ]J. 21.
" C"!r»mpilcf1 net loss or deficit.
4,17*
STATISTICS GV I
29
The number of consolidated returns for 1937 is 93, of which 30 show
net income amounting to $07,320,005, while 63 show a deficit of
$184,030,303. In the. preceding table there appears, for the 93
consolidated returns by returns with net income and with no net
income, a summary of compiled receipts and compiled deductions,
compiled net profit or net 1<">SS, net income or defirit, normal tax,
surtax on undistributed profits, total tax, compiled net profit Less total
fcax; and dividends paid. All ol the 93 consolidated returns iiled balance
sheets and items of assets and liabilities are siiown in the following
table. For descriptive statements of compiled receipts, compiled
deductions, assets and liabilities, &ee pages 19-2G.
Data for tlio 93 consolidated returns of railroads are included in, all
the tables in this report (except that for part year returns). There ure
91 calendar year returns and 2 fiscal year returns.
Consolidated Tvlumx o>f railroad corporations submitting balance sheets,r 1937, in
aggregate and by returnx with net income and with no ne.l income.' A umber of
returns, assets and liabilities as of December Hts 198?\ or dose of fiscal year -nearest
thereto
ures ID (.hoaeande of dollars]
Number oi returns wjtd balance s l o e t s ' . _ . .
Assets:
Cash*
,
Notes and sorounts receivable Qvss reserve (or bad debts)..
Inventories
__
Investments, Government nblteattons ",_,
Investments, other than fJovernment ohlip»t!ons J
5, et|ui^ip^iit (lc^s Joprft*
Other i
Total assets <
Accoilnla p&y
•Ucimls, notes. luurt^accs payable:T
Maturlty less tBan one year _
Maturity one year «r moro *..
Other liabilities^.
Capital stock, punfitrrcd
Capital stock, CoiJiruoa
Burjilns imd undivided proms i»._
Less J«8cit » . . ,
H, 154, S34
For Tnotnotcs, see p.
FISCAL YEAK
Fiscal year roturns are filed by corporations whose fiscal year is
other than the calendar year. Those returns are included in all the
tables in this report (except the one for part year returns). The
tabulations include all fiscal yfc&r returns with year ended in the period
July 1937 through June 1938 which were received by the Statistical
Section prior to the final tabulation of the Statistics of Income data.
In the two following tables, data are shown separately for the fiscal
year returns with net income and with no net income. In the first
following; table, the number of returns, not income or deficit and taxes
are classified by the month in which the fiscal year ended, and in the
second following1 table, these items are classified by the size of the
net income or deficit,
210893—40
3
30
STATISTICS OF INCOME
Fiscal year returns L of corporations, 19S7, by month in which facal year ended and
by returns with net income and with no net income: Number of returns, net incotne
or deficit, normal tax, surtax on undialrikvitd profit*, and excess-profits tax
[Money figures in thousands of dollars]
Returns with uo
ret iocomc'
Returns with net income *
Fiscal year ended
Total
number
or
returns i
6r£*2
«,068
0,S13
fl,4S5
5,941
8,604
5, &1S
7,161
7.007
6,974
14,288
Jnly 1037
August 1937
September 1937
October 19!17
November Ifl37
January 1938
February 1938
March 1S38_
April lflas.MBylB38_
___
Jut>eiu3tt
B0,70S
Total
!
Number
Net
income }
2;5J7
2,700
2,8?!
2,Sf>2
2,WS
4.S6&
3, 14fl
a, ves
3,512
2,312
5. *61
33,860
60,201
125, BtW
102,113
£13. &4fl
ID*, aov
210,612
68.7HO
ELMS
4S,fi3fl
13fi. S77
1, 211, 4S6
Surtax
Normal ouundistrthnted
tax
profits
7,027
14,723
12,201
1,667
2,807
a fiio
2,432
5,0fiO
12, 161
27, £55
1,624
1, OSS
1. l.ifi
JS. an
H4,172
Excessprofits
tax
Number Deficit"
3,045
3, 3S£
3,942
442
709
721
1, SJ4
711
363
370
443
2SS
2,903
£003
681
30,170
6, 273 '
14,^23
14,788
27,100
27,&13
9.300
4,70S
4, 49*
4.3K2
A.V27
35,127
23,463
14,S3O
2S,O14
31.073
27,911
7&O65
16, 948
^22,109
1 Esdudop natnrns for inactive corporations.
Bee footnote 5, P. 27.
Fiscal year returns 1 of corpora/inns, 19.17, by net income and deficit classes: Number
of returns, net income or deficit, normal tax, surtax on undistributed profit*, and
excess-profits tax
[Net Income and deficit, dassefi and money fl^uree ID thousands -of dollars]
Returns u-itfi no
Hctums •aritti net IiMmrne *
Net income and deficit
Number
n . (tflii
4,450
2,617
1,746
1,313
3 90S
1,011
1, 147
Under 1
2 under 3
3 under 4• i ^ i i .-!<.(• m
10 imdiT i«S
1-5 unH^r Ml
20 under 26..
25 UDdctf 50
50 under inn .
r.
.
100 uiiriLflf 250
2fiQ u n d e r J5CK)
600 u n d e r 1,000
LOW) u n d e r 5hOOU
CJKMJ finri over
.. .
--
1 ^l^ii
1 35-Fi
........
-
KKLI
Net in-
4, 37€
fi, Q44
C+BO
5 943
27,^8
2!, 57U
1& 327
fi7 87 L
i
SB, 59fi
13fi. I'/to
1'iA 3°7
. ..
J3'J
-
132, M07
27?, 7oH
27ft, .1R7
Normal
Surtnx
trihiited
ptoRts
tin
Namber
323
SI
258
EG
28,076
6, $44
3,607
2,354
1.C07
3.761
1,675
SU4
520
1 t)fi2
684
'ISA
70
39
17
1
462
534
317
Eal
2, fiflfi
2, 3B4
*7a
1,1370
7, MS
]0, MH
17, 1,11
15, S4S
17, .1(37
31, i 7 5
l.Sffit
2.3OJ
•\ 37W
!i, 541
32, 483
14^ 1T2
7'Zi
3- •?!!->
44
41
252
2ly
lf>&
54)7
fS41
Si7
7B3
8S1
4. 'J*Sfi
67D
Deficit a
TM6
ft 548
S 8357, Sift
7, lttl
36.S.TS
20. a i d
14,133
11.575
ftfi lifi
3fl,730
4flh 644
2fi. SRt
33.72V
27, Kfiil
5,443
•
Total...,—
1
1
33, e.sn
1, 211. 4Sfl
30, 17!>
G, 27S
SE2,109-
Sou footnote t, above,
S
t
PART YEAR RETURNS
The returns filed by corpora.tiona shoTving income for less tbtiii 12
months represent reorganizations, newly organized businesses, liquidating corporations, and changes from calendar year to fiscal year basis,
or vice vt*rsa. These returns are included in all text tables (except
those for consolidated returns and for fiscal year returns) and in all
basic tubles in this report, Tlie part year returns tubulated herein
STATISTICS OF INCOME
31
represent those in which the greater part of the income period was
in 1937.
Pwt vtar returns 0/
Ti>tal number of Tcturns x
Returns with net income :
Number
Net income '
Normal tax
Surtax on undistributed profit1?
Excess-profits tax
_
Total tax
BetvtTiw "with no not income *;
Number
Deficit 1
30, 290
._,
,
__
_
S, 408
$216, 767, ?47
£25, 373, 299
$5, 5G5, 506
$2, 598, 547
$33, 537, 452
21, 8S2
$110, 707,814
1 See footnote 5, p. 11.
FREQUENCY DISTRIBUTION OF COHrOIlATlOX KJEXUKXS BY CERTAIN BASIO
CLASSIFICATIONS
Frequency distributions of tlic corporation income and excess-profits
tax returns by certain basic classifications are presented in basic
tables 9-12.
The returns in basic tables 9 and 10 are those of corporations subtnitting balance sheets with, total assets of S250f000 HIM! over, Basic
table 9 shows the number of returns by total receipts classes, crossclassified by total assets classes, by returns with net income and with
no net income and by major industrial groups. Basic table 10 allows
thfc lumabti of returns by net income and deficit classes, cross-classified
by total receipts classes, and by major industrial groups.
In connection with the classification of corporations by size of total
assets, it must be borne in mind thftt^ on the balance sheet, schedule N,
of the corporation income tax return (facsimile on p. 23G), reserves for
depreciation and depletion of capital assets are deducted from the
gross amount of capital assets and reserves for bad debts arc deducted
from UiQ gross amount of accounts receivable. Moreover, certain
adjustments ar^ made in the amount of total assets and total liabilities
for items which are not reported correctly on the balance sheet of the
return under assets and liabilities (see p. 23).
The total receipts on which the total receipts classes are based arc
limited to either gross sales, loss returns and allowances (item 1,
schedule A, p. 2 of return), or gross receipts from operations (item 4,
schedule A, p. 2 of return), or the sum. of both when reported on the
same return. "Gross sales" is reported when inventories are an
mcomc-detomiining factor and "Gross receipts from operations" is
reported when inventories are not an income-determining factor,
Tiftsic labfo II shows the number of returns with balance sheets, by
net income or deficit classes, cross-classified by total assets classes and
by imjoT industrial groups.
Basic table 12 shows the number of returns by net income or deficit
classes, cross-clfiRsiiied by dividends received classes, and by certain
major industrial groups. The major industrial groups in basic
table 12 are limited to those for which the aggregate amount of
dividends Tftcewftd from domestic corporations is over $50,000,000.
The dividend classes arc* based on the amount of dividends received
from domestic corporations subject to taxation under Title I of the
effective revenue acts (col. 2, schedule F, p. 3 of return).
32
STATISTICS OF INCOME
HISTORICAL SUMMARIES
A rfesum£ of the corporation returns showing number of returns,
gross income, net income, deficit, tax, and the items of compiled
receipts, compiled deductions, assets mid liabilities is shown in the
following tables. Attention is called to the fact that the amounts
of money in the tables on pages 35-38 are in millions of dollars.
Corporation returns for the years 1928 through 1937 by States
and Territories; for returns with net income and with no net income,
showing number of returns, gross income, net income or deficit, and
tax, are presented in basic table 8, pages 140-156. Similar data are
shown by major industrial groups for the years 192S through 1937
in basic table 7, pages 140-145.
Certain data and classifications of the returns for 1934 through
1937 are not strictly comparable with those for prior years (see
Statistics of Income for 1934, Part 2, pp. 19-29), and furthermore,
certain data and classifications of the returns for 1936 and 1937 are
not strictly comparable with those for 1934 and 1935. For the 1938
and 1937 returns, gross income, deductions, compiled receipts, compiled deductions, compiled net profit, net income, deficit, and tax
liability, as well as the classification of the returns with net income
and with no net income, are materially affected by the provisions of
the Revenue Act of 1936. The major changes contained in the provisions of this act, affecting the tabulated data for corporations, are
summarized in the section of this report entitled "Revenue Acts of
1913—37 and certain tax provisions of the National Industrial Recovery Act (1933); also the special excise tax under the act of August 5,
1909," pages 221-227,
Corporations, 1909—37, by returns with net income and with no net incomeof return.^ gross income, net lincome or deficit, income tax, war-profits tax and
excess-profits tax, atui total tax
[Money figures in thousands of dollars]
Year
1B0B*.
1910*.
1011*.
1913«.
1&14 i .
1913 i .
191fl_.
JJ&171919.
1030.
1021_
1922,
1026.
1027.
IMS.
1929.
1930.
1031.
3934.
3935.
1937.
i'or footnotes SMP,S3.
Total
number
of returns*
332,490
270,202
2*15,336
3111,000
2
Returns yrith not [naome *
Number
£3,496
54,040
55,120
61, 1LU
190,911
30ft, 9*4
232,079
317,670
320, IWi
34.5,695
356,397
332,863
898,033
417,421
430,072
4GS, 320
475,031
61fc.h736
S1&4U4
504*090
2S
533, 63 L
53C, 779
628,0«
Gross
209.K34
22
17L, 230
212,535
233,330
236,389
2,12, 334
2E3, 134
2fl0, S40
2(53, TK3
200,430
'221, 430
174.308
,
14b, 101
16+, 231
303, 101
L&£, OSS
32; 53^, 007
7ttr 540,006
10, 708,659
88,231,006
63,824,225
90.0SL, L23
Ba33L&9Q
07,457,17fl
Income
Nat
tax *
3, 500,000
a, T(jl,000
3,503,000
4, 151,000
4,714,000
3,940,000
5,310,000
S.Tfi5,909
10, 730,300
8, 361,511
9,111,413
7,002,656
4, 33f?,04B
09e38H
2
52,051,035
D . .
y, 673.4OS
8G8la»4
10,617,7*1;
11.613,38*
fi4UHei]3
S, 68a 308
46,752,386
62,93(1,954
77, 441, £00
104.7C3, 755
4,275,197
I,, 164,723
D4JS24t
113, <J92,&S3
118,022,117
llfl,324, 340
' 127,309, 525
lSfl.C33.793
10Sg&ate
S3,512
2&Sfi3
w.ooe
•13,128
ayi4S
17L.8O5
503,6W
66
775.310
937,100
SSI, 550
1,170,3a!
1,239,797
1,130,674
1.1S4.142
1,193,436
7 J 1,704
399,904
' 2 & 6
, 5,
70,5
1.16ft, VfiA
33
STATISTICS OF INCOME
Corporations, 1909-3?', by relvjivi vrith net income and with no net income: Nutti
of retttrnit, gross income, net income or deficit, income tax, war-profits tax and
excess-profits tax, and tetal lax '—Continued
[Mon*7 figured JTI thousand* of dollars]
Returns -with net
Income s —Continued
War-profits
and excessprofits
tax i
1909» -
aa| 512
1010 * _
191L»
35'ooe
1913*f
1914 .
lfll," *
J(tl7
„ .
1910
1920
1(121..
lft£j
Ifi24
.. .
1, IKS, 74S
43,128
39, i4£
6&,994
171,805
X 143, 446
3, Ifi8, 764
2,175,342
„.„..
.-
3:15" 132
783[770
B37h HIR
S81,£$U
1,170,331
..
192J
1928
1632
163S
193$ •,-,.
1936 . .
1B37
Tola) tax
l! 1B4| L43
1.103,439
711,704
308,994
- - -..
.
-
. . .
csre
21,013
43,335
423|u68
m,V2i
1* 27fi| 172
Returns -with, no nat in.com s J
Number
Gross
Deficit >
209,992
216, 1132
2S3,2S3
244,220
125,210
176,833
11% 347
lltij 504
H£, 3S2
185,159
17C, 348
16E, 594
181,032
177,738
24l|ei«
337|0Sfl
324, 703
312,682
2,786,554
5,153,234
6, 757, C22
11.B57, 743
24, 36], fc&
31,198, ISO
20,153^,635
21,106,184
2S; 074^ 102
' 2 $ , 4:11,989
30,987,717
65, 464J2O4
49,375,775
3&, R30, 0&5
37,910,299
2v'5]4)]7R
620 40&
689,772
S, 878! 21fr
2.193, 7763, 833'02ft
1 Bfl3rft2&
2. IBS, 710
2,471,739
2,301,12i
2.91+. lffi
fl'&vo'sis
7* 799ifl87
£|S33,33S
3 WS 7T4
2, !53iOBt
a, £30,348
g in the reveniie acts aiTectinf the oomparatailitj of statistical data from !n BO me tax petunia of
corporations are suinmam&l on vi>. 2L-1-227; textual discussion appears on pp. 3-4 and 33.
* Includes returns or inactive corporations.
» The classification of returns inti> these "vith aBt ineoniB" and " wltb no net ineomB" is tins*! on returns
willi t us liability or wllh nn tax Iltftilit-y for 1fl09-12; an the net Tncome ^ r excise or income tax. computation
et iinoonift
o o f t ((beforedflduttion
e e f l u t t i o n of
s) f»r
inea
for Jfl i^-l'J,, on 1 he current jj-ear net
of prior
prior ye*
ye*r loos)
f»r 1^20az,
1^20-az,on
on the
the net
net ineoma
foe
for
t a i compulation
for
fo iiuwne
i
rrax computation
t t i totor ]S33^3ft.
]S333ft andd on the
th nett Income
I
f excess-profits
fit
l i
f JS37.
JS37
Prior to 1327, rst-uma for Inactive corpomUoDS with nn income data ere included in returns with no net
income. "Net income" or "deficit" represents the amount for excise or income tax computation and, to &
limited extent, additions madens tTie result of ftn audHfor !.909-115, the amount Tor LncDine tax computation
tor 1-918 19, the current year net income or deficit (bcfcire dediieLiouofptior year loss) for 1S20-32, the amount
for income t&s <uni]Uitatlon for 1933-35, arid the aniount far excesg-proflts t&.\ computation for 133'1 and JD37.
i For 19Q0-I5, th« flrcounts are receipts which include Interest and penalties resulting from additional
asseiSjnentE. For 100^-12,
tue amounts nrc the apeclil eidse [3^ on oorpciatioos. 1'or 1913, oongiets or
Income tax $32,4&fi,8fl3 a n c l exois* ta^, $-10,071,077. Forlft30 consists Dilncmne tux reported on returns with
fiscal year ended July through November 1S3C (and returns with part year which began in 1935), graduated
normal tux, surtax on undtatritmted. profits, and Hut normal tax for corporations not subject to the graduated
rates, reported, OQ rcturcs filod foe tha calendar year 1936 and for ftseal or part years ended in the period
January thrnuEh June ]0:t7. Fnr l!)97r comuts of itrsdusted normal tax, surtax nn unJLstrlbutrd i>rflflts,
and flftt normal tax (or corporations not suhjeot to the graduated rat*s,
* The e.vesss profits tax for 1033 became etrertive June 30, 1933, under the tax provisions of the National
Infinstmi itecovery Act. For 1634 and 1035, Lacludea a small ftmounf ol «sfitsa-pt«At& ^RT; whwh Krxpean
on retiirtiH with no net income for income tfw purposes because ttie credit /or Interest received OE certain
obligations of the United States and its instrumentalities, which is allowed jigaihst net income tn tne <X>mpatatiou of tbe income tax, Is not allowed against net Income in the campatatioij of the excess-profits tax,
(See art, i(d>, Treasury Decision «SS, "lieiruJations rtletinp; to excess-profits tax imposed toy see. 702 of
the Revenue Act of 1DJ4.")
» For lDOfl-15 data are for fhe nseal yesr ended June 30 of th* fullowing year SE shown in the annual reittrts
of CommIss-irj-ner o( Internal Revenue: 1015 contains, flatii (ram npproicLrnfiiely ^,000 returns related to 1014*
tSeu Aunuul Report, CoinmL^LoDer or Internal Revenue,)
' H^vised, l^or revised fimtres for 1023, see t-tatistiffi of Income for 1935, Tart 2, p . 31, footnote 7. For
revised figures for 1938, s&e Statistics of Income for l'J30, p. 238; for revised figures lor 1G30, see Statistics of
Income for 1931, pp. 39 and 33; and for revised figures for 1932, see Statistics of Income for I9aa p. 37.
34
STATISTICS OF INCOME
Corporations, 19S£-87, by net income and deficit classes; Number of returns, and ««|
•Cne&me or defeit '
[Net Income and deficit classes and mane)' figures in. thousands of doilon]
1034
1930
Number
of
returns
Number
Net, Income classes >
Net Income *
Number
returns
1907
Net In*
coins*
Number
of
returns
Net in-
Returns with net Income *
1-2
2^a
3-4
4-S
fi-10
10-15
15P-20...
20-25
25-BO
60-100
HW-250
350-M0
-
63, 212
17.B36
10.246
^752
4.9B6
IX 191
ft 558
3,W>7
2.097
6,435
4,030
13, W6
1,092
599
22ft, 7G5
26ft. 720
457,010
379,410
434,604
9T
1,1S7, 764
1,000-5,000-.-6,000 and o v s r
25.080
26.224
23. 4W
22,208
<tt87
30,315
T9
IS,071
11.BB5
7,820
S,71S
10.014
7.S1S
*&3
;
7,M7
4,840
3.41S
1,33$
26,820
39.617
27,097
MM2
114,074
05. 73S
80,779
73,201
266. 200
339, 824
S32, G3ft
464, S0L
697
113
1,169.034
M l 3,077
145, 101 i 4, 275,
I
5, I K 723
Ntunb*rJ
of
j Deficit 1
returns
of
returns
26,107
35,943
71,111
37»
53,164
3fi,654
153,9fi7
136,344
U0.144
100,175
U,7O7
7,401
fr, 35(3
,ao
738,80.5
2,107
83G,8D4
1,107
% 145,833
1,058
330 3,367,367
203,151
1936
1034
Deficit c l a s s e s '
74,72*
34,52ft
14. 767
10,320
7,Sfi4
21, 43S
10, «*
ft, 302
4,447
S4.068
35,762
34.101
33,670
148168
124, fl7Q
10,000
6il51
4,
G.
ft.
I 2 1
4.
1.
1,13ft
795.066
1 6
2,135.8W2
0,478,241
1930
1997
Number
Deflelt >
returns
Number
Deficit'
Deficit *
Returns with DO- act income *
2-3
3-4
4-3...
5-10
10-15....
15-20
20-25
25-5O___
50-100
IOO-2S0
250^500
isoo-i,a»—
101, 07fi
44,376
25,061
11.132
O
fi, 164
4,010
S.91R
4,042
-
1,000-5,000...
S,000 and orer
_
_...
Total.-.
Number of returns of
Inactive
corporations
61,967
64,010
61. 54S
54,438
4».T94
190,333
137,11S
4^108
14,579
in, 003
23,632
«,e36
1,002
342
306
S», 7S0
311,044
314,033
48», 864
347, 981
382,474
333,724
7, SfiQ
3,653
3,496
812
• 439
334,703
4.18L, 02T
31J,8S^
56,519
RI.R41
82,247
B7.742
60.578
45,217
1&3.531
117,1558
80,321
7B, 081
268,803
274,521
373, €03
299,64fl
711, S73
WO, 801
3,468,17*
l.W.TOl
36,667
10,142
11.S34
7,867
IS, 064
7,073
3,781
2,302
6,021
3j 015
1, flli
inn
2S2
180
49,023
52,766
47,338
40,301
M.147
120,500
276,693
2,152; 324
se.ise
65,485
as, 3&a
174,769
130,523
243, W9
173,554
I»,977
385.170
278,866
30,306
12,1H
S,32ft
7,WJS
3,902
Si 479
2.7S&
),A44
470
£42
187
55.4B1
4», EW
43,887
37hS33
134.614
g3r3*8
€17.396
5.1,341.
176,442
!•». 1S1
23ft. W6
100,713
l6BFttt0
S72,«5
89l= 076
51,922
i Changes In the revenue aels affecttop tbfl comparability or statistical data Jiom income tea returns of
corporations are summarized on pp. 221 227' textual discussion appears on pp. Z-4 and 32. Fieures tor
returns u l l h net income f:>t 1418 aad 19120 t o 1924, meliis^Te. and for retuiDS. witb uet iocome and no net
locomefor J9W t& 193D, Ipdueive, appear in Statlfittcs of Intxunc for 193(1, pp. 4&-51. FigLures far returns w l t t
net iDcom* and with no net income for 1931, 1932, &n<3 1933 appear in Statistics ol Inoonw lot 1934, Fart 2,
pp. M and 37.
>
* T o e classification of returns into those "with net income" and "with n o net tnnonw" is bas«d on t b e
net Income Tor Income tax computation for LB?,4:-36 and on net iDOanie for excess-profits tax computation for
1637. J I Ket income" or "deficit" represents the amount fat inKime tax computation for 1G&4 Eiad 1995 and
the amount for oscsss-proflts tax computation, for IW3H and 1637.
STATISTICS OF INCOME
Corporations 1926-B7: Number of returns, compiled receipts and compiled deduction*,
compiled net profit or net loss and net income or deficit '
[Money figured In million
IQ2B
Number of returns ' _ „ . .
Receipts, taxable Jtaoome;
Gross sal as >..
.,
100,206
CJtoss receipts from operations • (1932-37} _.
Gr*S3 profit from operations s (19H1-51)-,-.. 9,332
Interest
*
Bh712
Bents
(>
Net c&plt&l «ain (sale of stocks, bonds, and
othor assets) *
Dividends frorar
Domestic corporations' <1O3O and 1GS7).
Foreign eorporMlote,
e p t and taxable
( 6 3 5 ) from domestic corporations'
Interest, on Government obligations:
Subject tn escess-profltstax' (1934-37).
W
h
l
1927
1B3Q
1&2S
425, 675
443,611 i US, 031
10G.S64
112,43S
113,101
3, &S9
10,334
447S
23,568
,1, 0M
23^1
1031
«3,O38 i W9.704
T, &41
75,404
25,207 21,015
4,707 | 4,122
2,251
3,480
299
pi)
22,468
* 33,619
fS!)
2,667
^2,450
1,658
1,017
2,503
2,571
155,308
161,1SS
6, 686
8,193
3,337
(»>
f3
1,436
1,969
tt»
Totalcompilod receipts |fl .
1!
Cost o/goods sold
.
,
rostoforkerfttions" (1933-37)
nsiUfon of pffl w r s ! l
jpflid On business property
Bed debts
__
,
Int*resl paid,
,
,
T&nee paid, other than iacomft and excessprofits taxes i*
...
L
Contributions o r plfts ' ' (1S36 and 1637)
T >p l t i
D e p l e t i o n T
Net capita] loss (SB.\G of sumlca, ftonda, find
otJier assets) •*.
^
Other deductions 1 '
3,93$
4,375
4.581
1,878
2,014
2,203
3,222
3,270
571
3.S46
3,597
3,»71
l9
19133
Number oT returns
« 40,473
6,230
S, 510
7,505
J
»2
40,927
Total compiled deductions
Compiled net profit or net lass
142, 63B
e. 510
1933
, S&7
980
1,183
4,493
2,231
443
936
« 39,088
1,702
33,4S4
149, 239 w 13], 940
1I.B70
S,T40
8,669
4J51.9S4 446,842
fieceipts, triable income:
Gross salos *. ^
57,777
Qross recei pts From c pp rations ^ (lfti3-37) _^,. "10,584 -18,982
Gross proiltfrom derations "(1926-31)
Interest
.,
2,766
8.491
Ronls
1,650
1,92G
262
142
]Nft caplt&l nfrin (sale of stocks, bonds, and
other asssets) *
.
D i ei li < a s tTO
Uomast le wrp<)r&tloii& T (1935 and 1637)..
Foreign corporaiioas
^_^
,.
(SI)
Other receipts
_^..._.
1,387
1.1SS
i p t . tFJK-cicmpt and taxablA income:
dividends from dvinustic coruoratlona'
1, 280
(1026-35)
,
1,020
Interest on Government obligations:
Subject to excess-profits
test
*
(lB34-37)_.
Wbglly tax-exempt9
_.
693
554
Total compiled receipts
SI. 63S ] 84,234
e p. 3&
58,774
3,487
"777
1DS4
1035
1937
460,804
477,113
477,838
13, M2
S5f332
10,700
1, 585
Hi
1,643
470
l^2
1,138
(B)
»6B9
)
714
100,586
22.SS6
106,383
24,863
1,54V
305
2, 682
200
280
445
2SS
476
132,723
112,443
36
STATISTICS OF INCOME
Corporations 1906-87: Number of relurnt, compiled receipts and compiled
deductions,
compiled net profit or net loss and net income or deficit1—Continued
[Money figures )• millions of dollars]
1936
JB33
Deductions:
Costcf poods sold ii
_.
OostOfoperatioJis •* (1932-37)
Compensation of occurs i a ..~
..
Ront paid on business property
-.
Dad debts
Interest paid
Taxes paid, other than income and excessproOU
tores
.
....
Contributions or gifts " C1G36 a-ad 1*37)
Depreciation
Depletion.
,.
„
Net Capital Ices (sale of Stocks, bonds, and
other assets'! »
.._
Other deductions «.
Total compiled deductions,
Compiled met profit or net loss »
Net Luctune or deficit«_
<l T 430
(25)
2. 133
1,313
4,0«
43,036
0,420
1,995
1,122
1,249
Mil
57, 4E8
8,670
2; 173
L4S&
3,422
5 34J5
i,5«
3,261
2,037
3,400
346
1.TO6
I.fiftB
85,1W
3,829
n 5,644
312
3,302
349
17,906
95,520
94
10.S5U
3.713
001
3, OBI
±
12,231
P, SOS
1,565
3,003
2,868
30
3.2KU
3,ee
2a 991
22, 353
?,7T1
7,328
7.S3O
T, 354.
33
3,342
fi24
lftfl.227
t CtkKLges \ a tbe sevcavw acts aSwtine t h * ODrnpsrnWiity &t stattFtitfel data IFOFD iDcome tax returns of
corpoTHtions
are summarized en pp, 221-227; textaai discussion appears on pp. A-i and i'2.
I
Esclufies returns lor inactive corporatiansr Except for 19%.
) For 1939-3], gross sales, less returns STUI aHowaaces. from trading and manufacturing. For 1032-37,
gross sales 1 leas returns and aJltm-anues, wbere inventortes are an Jncomedttermlninff factor. Tot "cost of
goods
sold' see' 'deductions.''
4
Qro&S TEffiEpta fTom operations ivhere inTentoTlcfi are not an lm»me-d«tenniniqg factor. ImludnJs for &
limited numbero/rotarnE the cost of sccurltEes purchased for ctistcmprs. For "oott of operaMonfl" stft "dednctloos."
* Otoss pTcrtlt Trwn operations other tlian trafling and m&ntir&cturiii?.
* For 1932 And 1933, consists af net gain on sale of stocks and bonds held 2 years or leas pJos o«t gain or mmu*
net Joss on sale of capital assets.
' Kxcludon dividends from corporations organised under the China Trade Act, l&pa, and corporations
entitled to the benefits of E « . ?5I of the Revenue Act of ]93f> or corresponding prcrvirions of prior revenue
acts, which ane [nfllttdod in "nttier iw^ints."
• For ]93fi, consists of interest on United SlaUs Sbvtop? bonds fiad Treasury bonds owned in principal
amount of over £6,000 and On obligations />f frjstrumentalities of the Unltfd fitHtes ottiitr than those issued,
under tine Federal F&rm Loan Act, or sucb act aa amended. Tat 1227, caasists. of interest &n Uattwi gtinws
SftTiojre Twnds and T f ^ u r y bonds owned in principal amount of over $£.000.
• For 15)34 and 1935, includes Jntsrest suWeet toflxcpss-profttatax. For 193<6, consistsol Jntemtt DD obligations of States. Tcrritortes, or political snbrtlvistons thereof or the District of Columbia, or TTnited States
possessions: obligations issued nuder the Federal Farm Loan Act, or such art HA amended; ctalications of
the United States issued
fin or before Sept. i, 1917; Treasury not^B, Treasury bills. Treasury certificates o '
indebtedness; and TTnit*ii states savings bands aad. Treasury bonds owned in principal amount of $5,000 and
tinder. For 1837, ID addition to the Interest on all oWisatit'iis PpecLfled for 163*. Includes interest on
ota)ip;acfons orinstnjmentaJLtlea of the doited States other than those issued under tbe F&deral Farm Loan
Actt or such act as amended*
» Excludes nontassble iflCfline other than
interest on lan-esranpt G^vemmrnt obligations aad dividends,
"i
Includes taxes wiiicli are reported In 'Jcost of goods sold."
II
Includes taxrs wJiich are rerxirterl in "cost of operations" and tor a limited number of returns the cost
OflSaecurities purchased for custotneis.
Excludes oompBtLSation or officers of life-Iacisutanoe companies -whicli file Form 1IS0L.
» Esclndefl tftves reported, under •"cost of goods sold" or "Mat ti( operations."
» Limited to 5 pertfiml; of net income "before deductloa of contributions or gitts.
i* Ffir lS32aiid 1933, consists of net low on sale ofespftftl a»sct? in exresq of net pain tiom ttie sale tffstnckS
ami bunds beM 2 y ^ATROTICTB . 5OTliffiiit»Vvwii t/a vmtsxaA of net Wpitul laes tnal mfty Toe allowcfl for 1934-37
see11section of this report witltled "Kevenue Afitsof 1613-37," etc-, pp. 224 225, oote 5 (d).
Includes Special ooE-Mtp(yn«fi (Jpductlou Items allowed Jire-insur»net! eompanfes.
»* "Total oompiled receipts" lws "total1 wmpUeri fiethielinns."
11
For 193B-32, qurrCHt yvsx net intMimj or deficit, i, «•, bef&re deduct ion of prior ytsr loss ^•"compiled net
profit or net loss" less the sum of "divideads from domestic oor|5oratloTisJJ atnj "interest on Government
Obligations.") For 1W33-3S, nar. income or dfifloit for income tasr
computation fcomri'^d net profit or net
loss" less the num of "dividends from domestic eorpomtifinsJJ8Ed"]ntftincatftnOoTeriittientoblieitii»as"],
For 1936 &nd WQf, net inwimc oi deficit TortfKoess-profltsWT oonjputatton ("ooinpllfirl net profit or net loss"
kss
"^utortst on OcrPHmrftent ot.'fip&tions -wholly tnv-csempt"V
M
Revised. For revised £^iir*w for 1928, » G StAtisticft of Income for 19S0, p. 23S, an^ Sfatjstlpfi of Income
for 1&35, Part 2, note 1*. p. 24; for revised figures /or 1030. m Statistics or Trirome for 1931, pp. 32and 33;
for revised npores for 1032, SPC Statistics of Tncamc for 1933, p. 37: and for revised figures lor 1B34, aw; Bta*
tlsties oriiiwm^ for 1935, Part H, note 14, p- 34.
v Included in "nther receipt*,"
•i lnclude«3 In "Interest on Government Obligations wholly ta£-exempt."
" Included in "other deductions."
M Compiled not lotas or deficit.
37
STATISTICS OF
Corporations submitting balance sheets, 19$6—87: Number of returns, assets and
liabilities m of the end of ihe calendar year or close of Jiscal year nearest iheretot
compiled receipts and deductions, compiled net profit w net loss, and net income
or deficit *
[Moner figute* in millions
1637
1028
1<JS9
1930
1031
379,156
394, MS
3BS.S15
403.173
381, OSS
10,851
£1.052
22,371
21,012
15,880
2j|0G5
B,781
<32, 301
20,7*1
10,116
59,675
IS, 771
10,223
48,687
IS,140
1926
$ftmtar <rt returns -witb Vjalant* she*!* *
Assets:
16,802
Notes and accounts receivable (less reserve for b»d debts, o s w p t 1926]
--
23,562
20, &0
In vest me nts. Go vormnoat o blight ions . - .
Investmen(3, other tban Govern me at
Capital assets—Lami. buildings, equipment (toss deprsuJalton and depletion)...
Othor assets
...,
.
Total assets * ._„_
-.
Liabilities:
(
J7 55,344
TO
87,52J
1M,W4J5
84,001
109,931
116,446
"42,0*7
«262,179
237,342
S07.21S
33S,77S
Notes imrl accounts payable (193&-sW) —
Bonded debt ana roartpages * (1926-36)..-AeuQunia payable (JS37)
Ikinds, nfjtea, and xuurts^Kcs payab^
(1037):
MfitntitvleSs tbac l year
4MS
2-1.126
™ 37, 740
27,437
Other liabilities J
.....
Cupit*l stock, [ire fcrred
....-Capital stock,common
Surplus and undivided profit »„ _ _ . . . . .
88
67^ 076 3< 99, 274
17,146
17, BOO
67,617
3B, 15+
45* 415
4,657
4,893
93,950
Total HaWllties*—
lUooipts, taxablo income:
Gross sales '"
« 262,179
397*642
33, £00
* 1 M.3O3
16,534
6,FS8S
33& f ?7S
26,870
23,251
"95, B«8 «S1,7«2
IS, 117 'IS, 217
TO, 744
67,037
51,07s
7,624
tC?34
as 89,31 +
19, 73&
807,21*
aafii 407
60,333
46, &4J
77^356
52,069
4,913
334,002
334,002
-
290,48?
73,783
* 21,205
Interest
llect
.
N^trspitJilEain(iale or stocks, bonds, and
2,110
284
Dividends frorri:
IJomestiC corpfrations " (1S30 and
1337)
Foreign corporatJons (13SI-37) . .
m
1,393
Dividends from domestic uorfOrttions "
Interest on Government obliEattons:
1,905
Subject to exrajs-piofits tax it [19343?J
.
„--_
WJinlly tnx aiempt "
Totalcompllodreceipts!*..,„.
Cost [>f ticeds sold
[T
105,238
„ ~ --
Cotnpensation nf olficer* " . - . . . - . . _ . . »TteDt paid on business property
BaddfiMs
.
^
Interest rjaid
,
Taxesuftid. other tlian income atidetoess'
pr°^ts tfises w
,. ...
Contributions or gifts « (li«6 and 1B37J. DcpTE^lfltiOQ . . . . , _ . , . ,
.
57,374
(•)
2,574
(Hj
j
i
1
2,172
!
Net capital loss (sale of stocks, bonds, and
other assets)"
.
. ..
Other dedactions ! > . .
,
Compiled net profit or Cet loss "
Svet tncsuneor deflcit "
Fat- footnote, see pp,
32,351
__ „
Total compiled deductions
i
.
..
3,933
261
104,7211
38
STATISTICS OF I
Corporations submitting balance sheets, 19S6-ST: Nivmber of returns, assets and
liabilities as of the end of the calendar year or dose of fiscal year nearest thereto,
compiled receipts
and deductions, compiled net projU or net loss, and net income
or deficit1—Contmucd
agdEM i n millions o f doll*r»]
1934
1062
Number of returns witt balance sheets •
Cash >
N o t e s a n d accounts receivable (less reserve
for had debts, esocpt 1&26)
Inventories
,_
Investments, &ovprnmeritobHimitons-„
Investments, other tnan Government obligations
_
Capital assets—Land, buildings, equipment
Gcsa depreciation and depletions
Other assets
392,021
3SST564
1M17
1&.W1
12,272
11,017
13,671
40.329
J£,3]J
19,034
75,fl30
TO, 474
109,553
16s 129
tie
-NcteEaXid accounts payable * {1S26-36)
Bonded debt and mortgages • (1936-86)
Accounts payable (1981 j . .
Bonds, notes and mortgages payable (19J7):
Maturity less than l year. _ _
Maturity 1 year or iriore-,,Other liabilities i
Cap ttalstocfc, preferred
._.,
Capita] stock, aimmon
Surplus and undivided profit«
Less deficit »
„„
Total liabilities*.
!
20,652
47, 222
»78,730
19,07$
76,413
4S,flQ4
76,384
3
44,Tfl2
9,096
260,083
Receipts, taxable income:
Qtoss sales i»
"« 52, SSfi
Gross receipts from operations itv
^ IS, 640
Interest
—-_
3.41S
Rent
• -1.3J3
Net capital B&ln
(jsale of stocks, bonds, and
1
J3F,
other assets) "
_,
Dividends (torn:
Domestic corporations w ClS3fi and 193TJ..
Foreign corporations (1891-^37)
it
Oth£j j^ceipts
Receipts, tax-exempt and taxable income:
Dividends from domestic corporations 1 )
(MBlSB)
f
Gav<>iiimd.nt flblip^ttoDE:
Subject loescess-profits
tas II (1UB4-37).
"Whll
t1*
Total oompHed receipts " .
jctloiiar
Ooat of goods sold **E
Cost oloperations " [1633-37).
C t p ie aJ t of f l
<•
.„
Bent psld on business property.
"BsA debts
.._
Interest paid..
-..
T
paid, other tban Income a
predts
t t « s»
Contributions or flfls " (lsaa aadlO3rj
Etepreciation
._
Depietton
..„,
Net capital loss (gale of stookat bonda, and
other assets)"
_.,,
Otlier deductions M
Total compQed deductions.
45, SS3
<)
2,064
(»)
3, 30«
416.903
se, 102
14JK
90,573
lOS.VSt
14,00(7
301,307
280,063
1S97
I
410,626 j 415,306
16,564
24,313
80, 208
100,4B0
13.501
303,150
4,3OT
IS, 515
^308
65,06*
100,320
10,7M
ll.SBZ
tos, ifio 803,357
27,021
48>C04
25,580
47,023
84,099
IS(WS
£4,070
48,9S*
13,317
97, 109
18,391
78,072
18,04}
11,237
V7.33&
03.C24
12,604
303,180
303,3B7
30ft, CSfl
23,013
301,307
h
82.733
48,838
12,133
303,160
10.37S
S26
17. S9^
2, 713
1,556
72,823
17, 013
% 840
1,485
S3, ST9
L«,005
Z, 504
96, ISO
21,245
2, ±78
253
333
452
1,410
271
553
2,601
2,513
i ies
1,084
273
440
250
471
13^ 907
[H)
1,307
1.09ft
2,667
l45fl
2,917
126,269
32,148
4S9S1
8, 088
IMS.
1,378
1,313
S,375
66.2I&
3,443
2.103
1,43S
1,151
3,339
3,160
74, 3M
10.0S3
2,60*
"1.461
86ft
2,331
3,807
29
3, US
40S
AS, 062
0,861
2,367
1,439
2,012
3,423
343
S, 290
3 a1)
3,273
336
16,737
258
17,112
IS, 477
"S, 037
258
5,500
13B3
33.211
Compiled net profit or net losa *.
N6ti
dfiit »
179
125
19,842
21926
32
S00
144
131,130
2.7S7
»«39
21S3
82,307
L1,S42
3,710
1.SH
T.filS
r.irs
7,777
7,30*
hanges In thd rei>«uu« acts affecting t h e cmtipM-aWlfty nt statistical d a t s froni income-tax retqrns of
oorptirotioQs
are mimmarized o a p p . 221-227; textual disuussion appears on r>P- 3-4 nnd 32. 'Cfimplied
r»c*ipts, l r "Corapilftd dajuctfona," "Compiled n e t profit or nfit 1083/' a n d "Nvt iocume or deficit" are not
available (or corporations s u b m i t t i n g balance sheets fot 1^0-SO,
*E d d
rt
/ i t f
tto
i to Jp3$
data,
(Footnotes continued vn -p.
STATISTICS OF INCOME
39
PERSONAL HOLDING COMPANY RETURNS
Personal holding company returns, Form 1120H, included in this
report are for th& calendar year 1937, for a fiscal year ended in the
period July 1937 through June 1933 and for a part year of which the
greater part of the accounting period falls in 1937. Returns for the
calendar year 1937, for a fiscal year ended subsequent to December 31,
1937, and part year returns for which the accounting period begun in
1937 are filed umtev the provisions of Title IA D! th& Revenue Act of
1936 as amended by the Revenue Act of 1937, Returns for a fiscal
year ended prior to December 31, 1937, and part year returns for
which the accounting period began in 1936 are filed under the provisions of Title IA of the Revenue Act of 1936.
The Kevenue Act of 1936> as amended by the Revenue Act of 1937,
imposes a surtax of 65 percent on the amount of "Undistributed
adjusted net income" not in excess of $2,000 and 75 percent on the
amount in excess of $2,000, in lieu of the graduated rates ranging
from S percent on the "Undistributed adjusted net income" not in
excess of $2,000 to 4S percent on the amount in excess of $1,00(^000
imposed by the KG venue Act of 1936.
A persoiuil holding company ia denned by the Revenue Act of 1936,
&s amended by the Revenue Act of 1937, as any corporation if—(A)
At least SO percent of its ^rosg income for the taxable year is personal
holding income (see following paragraph); and (B) At any time during
(Footnotei continued from p. 38)
»Includes cosh Id till and deposits In bant.
* For 1U26-37 Uie two following adjustments tn tftfe amounts of "Total asset*" and "Total liabilities" were
matluftiTItems oi assets sad liabilities whi&b were Dot correctly reported an the balance sliest; (1) A deficit
in surplus stiown in the asset swtlon was transferred to the liability section and "Tot&l assets'' and "Total
liabilities" win-y {Increased ty the amount of ttie deflciUanti (2) reserves far depreciation and depletion shown
in tho liability section w^rtr ustd to rcdut* the cflcrespondijjE assetacxwiaU uud "Totalftssftte"&TWJ "Tatfil
liabilities" WITS rednttfd fiy the amount of such reserves. For 1027-37 reserves for had d«bts sbowa in tlw
liability section n e w used to ruiuw t.lio Lwrrespondfng assets accounts an<3 "Total assets" and "Total
liEtbUHjes" ivere rorluocd by the amount of such reserves. For 1030-37 a deficit; rr>pr>rted in an asset sccount
was traoiafrrred ton its appropriate ulscoiD the HsLtlitr section and "Total assets" and "Total liabilities"
were increased bj lhL>ainountof the. fleficit.
* For iy2&-afi± consists of "Account* paysihlc" flnd "Notes payftttle (iess than 1 year),"
• For lQ29-3flr includes "Nutra payable ([ vear or more)/'
» For teas-iifi, ineludts "Surplus reserves.
' For mr^ includes "Surplus amentf' ^hieiiJM W 2 3
of tabu]jir,irie 1B3T dutti soft second paragraph, p. 23.
• For mf tiwd of Tabulating IBS7 data MI* second paragraph, p. 23.
10
Foe 1931, proas sales, less retorna and alLwriiaces (rorn tr=idin^ and manirfaotarin^. For 103J-37, p^ss
Bdlat, IPSS returns and EtJlcnvanras, wbore Inventor Ie-i art an in corn(?determiaiaij factor. Tot "Cost at goods
Bpld"see "Detliictlons."
ii 8<X toot note 4r p. 38,
if Bee footnote IS, p. 38.
" See (oDtDote R, p. :i6.
n S M footnote 13, p. 3ft.
a S « footnoie 7, p. 80.
* See footnote 11, p. 3fl.
w Sv«fwtaotft R, t>. S6.
« Sco tootnota IS, p. 36,
» gee Footnote uF p. 30.
« S«s footnote 1£5, p. aO.
w Sec footBOtC L0, p. 39,
» See footnnf.fi 17, p. 3fi.
1* Se« footnote IL, p. 3rJ,
w See footnote 18, p. 3fl.
»* For l!J3] and 1932, current yt<ar net inmmc of deficit, i «., before deduction or prior yesr loss ("Complied
net profiler nut loss" loss the sijm of "Dividends from domestic corporations"1'and "Tnte*eston GovernmeBt
&Mf?fi(ion5'j L For !S3S-3St net incmtui Ot doflelt rop IneciTne^tai wnipatatioa ("Coinplled net profit or net
loss less tbu Sinn of "Dividends Itnm iiomestic vorpcratiou9"and "Interest on OoTusTninent ohli^ations").
For 30-W and 1US7, net income or tlcfi-cit (orMCPPEi-proflts-taTt comjiatatioa
("Compiled net proflt or net loss"
fess." lnt*i*s>t on Guvrtnxttcnl oToligjitio'Qa wholly tait-eiemyt'1).
•*
Inelurkd
in
"Othet
assets."
17
"iDvcstiuents, otliL'r than Government obligations," of life-insuraneo com panics are Included in "Othflr
« Revised. For revisedflsrur«sforleaf;, geo Statistic?; of Income for 1636, p. 388: for revised figures for 19B7.
toe Statistics &f Income for 1931, p. 32; for revised figures for [323, see Statistics of Income for 1930, p. 26; for
revised %uw* for JU30,1031, and Ifl32> sec Strtlstira of Incami for 1933, p. 37; antj for revised figures for 1934,
SC*
Statistics at Income for liias, Part 2, p. afl. footnote id.
w
"Qros? receipts from 'j^rations" ond "Cost of opctfltions" are not avatiable, the amount ahown (a tha
jrtcs profit ITTW. DjjEratwTiB.
« See footnote 21, p. 36.
H Set footnote 23, p. 3fl.
« 3cu footnote 22, E. 3fl.
n See Jootnote 34, p. 3ft.
40
STATISTICS OF INCOME
the last haif of the taxable year more than 60 percent in value of its
outstanding stock is owned, directly or indirectly, by or for not more
than five individuals. The terra "personal holding company" does not
include a, corporation exempt from income taxation under section 101;
a bank or trust company, a substantial part yf the business of which
is the receiving of deposits and making loans and discounts \ a life
insurance company; a surety company; or a foreign personal holding
company, as defined in Supplement P, with a taxable year ended
after August 26, 1937. According to the provisions of Supplement I*,
the undistributed Supplement P net income of a foreign personal
holding company is included in gross income on the income tax returns
of the citizens or residents of the United Sin tea, domestic corporations, domestic partnerships, and estates or trusts who are shareholders in such a foreign personal holding company. An information
return, Form 058, is required to be filed by each individual who is an
officer or director of such a corporation. Data from returns, Form
958, are not included in the following tables. However, a foreign corporation which is a personal holding company but is not within the
definition of a foreign personal holding company is subject to the surtax imposed by Title IA and must file a return, Form ] 120H, data
from which are included in the following tables. For definition of,
and law applicable to a foreign personal holding company see Supplement P of the Revenue Act of 1936, as amended by the Revenue
Act of 1937,
Under the provisions of the Revenue Act of 1936, as amended by
the Revenue Act of 1937, personal holding company income consists
of the following items (with certain exceptions): (a) Dividends,
interest, royalties (other than mineral, oil, or gas royalties), and
annuities; (b) Gains from stock and security transactions; (r) Gains
from commodity transactions; (d) Income from estates and trusts;
<f) Income from personal service contracts; (f) Amounts received as
compensation for a shareholder's use of corporation property; (g)
Rents, uttiess constituting bG percent or more of the gross income,
excluding amounts constituting personal holding company income
under (ft above; and (h) Mineral, oil, or gas royultiea. For further
explanation of, and exceptions pertaining to certain of the above items,
see instruction (A) for Form 1120H, page 248,
The term "adjusted net income" as defined by the Revenue Act of
1936, as amended by thft Revenue Act of 1937, "means not income, as
computed under the provisions of Titlo I, with the following adjustments: (A) Additional deductions—(1} Federal income, war-profits,
and excess-profits taxes paid or accrued during the taxable yenr to
the extent not allowed m computing Title I net income, but not
including1 surtax on corporations improperly accumulating surplus
or surtax on personal holding companies; (2) in lieu of contributions
or gifts deducted in computing Title I net income, contributions or
gifts made within the taxable year in an amount not- in excess of 15
percent of Title I net income, computed without a deduction for contributions or gifts and without the deduction of the amount disallowed
under following adjustment (B); and (3) amounts paid hi liquidation
of liability of corporations baaed on liability of decedent to make
contributions or gifts; find (B) deductions not allowed —The aggregate of deductions (allowed in the computation of Title I net income)
relating to expenses and depreciation which are allowable to the
operation and maintenance of property owned or operated by the
STATISTICS OF INCOME
41
corporation is allowed only in nu amount equal to tlie rent or other
compensation received for the use or right to USG the property. For
statement of these adjustments, see instruction (I) for Form 1120II,
page 24ft.
The term "undistributed adjusted net income'' as defined, by the
Revenue Act of 1936, us amended by the lie venue Act of 1937, means
the adjusted net income minus (a) the amount of dividends paid
credit provided in section 27, computed without the benefit of the
dividend carryover, and (b) amounts used or irrevocably set aside
to pay or to retire indebtedness of any kind incurred prior to January
1, 1034, if fnifh fnnounts are reasonable with reference to the size
and terms of such indebtedness.
A personal holding company is defined by the Revenue Act of 1936
as miy corporation (including resident and nonresident foreign corporations as well as domestic corporations), if—(A) at least 80 percent of
its gross income for tlie taxable year is derived from royalties, dividends, interest, tmnuitiesj and (except in the ense of regular dealers in
stocks or securities) gains from the sale of stocks or securities, and (B)
at any time during the lust half of the taxable year more than 50 percent in value of its outstanding: stock was owned, directly or indirectly,
by or for not jnore than five individuals. Tlie term personal holding
company does not include a corporation exempt from income taxation
tinder section 101; n. bank or trust company, a substantial part of the
business of which is the receiving of deposits and making loans and
discounts; a life insurance company; or a surety company.
The term "adjusted net income" as defined by the Rover no Act of
193(1 moans net income, as cornpnted under the provisions of Title I,
minus the sum of (a) .Federal income, war-profits, and excess-profits
taxes and foreign taxes paid or accrued during the taxable year to the
extent not allowed in. computing Title I net income, but not hi eluding
surtax on personal holding companies; (6) contributions or sifts not
allowed as u deduction in romputing Title I net income tax, including,
in the case of a corporation organized prior to January 1, 1936, to take
over the assets nnd liabilities of the estate of a decedent, amounts paid
in liquidation of any liability <ti the corporation based on the liability
of the decedent to make any such contribution or gift, to the extent
such liability of the decedent existed prior to January 1, 1934 ; and (c)
losses from sales or exchanges of capital assets which, are not allowed
as a dednotion in computing Title 1 not income.
The term "undistributed adjusted net income," us defined by ther
Revenue Act of 1936, means the "adjusted net income" minus the sum
of (a) 20 percent of the excess of the adjusted net income over the
amount of dividends received from personal holding companies; (6)
amounts used or set aside to retire indebtedness incurred prior to
January 1, 1934, if such amounts are reasonable with reference to the
size and terms of such indebtedness; (c) the amount of the dividends
paid credit allowed by section 27, computed without the benefit of the
dividend carry-over.
The following tables arc based on tlie returns as filed and prior to
revision that may be made as ft result of audit by the Bureau of
Internal Revenue, The first tahle contains data for the returns filed
under the provisions of the Revenue Act of 1936, as amended by the
Revenue Act of 1937, and the second table contains data for the returns
filed under the provisions of the Revenue Act of 1936, The third
table shows the number of returns with adjusted net income, classi
42
STATISTICS OP INCOME
fied by size of adjusted net income and by the revenue acts under
which the returns were filed.
holding company return* filed tinder the provisions of lh# Refjenua Act of
1986, a* amended by the Revenue. Act of 1937, classified by those with Title I ntt
income and with no Title I net rincome, by returns wilh ouijuMed net incfyr/tti and
with no adjusted net income' A»w*&er of returns, Title I net income or deficit,
additionSf deductions, adjusted net income or deficit, credits, undistributed adjusted
net income or deficit, and surtax
[M«rorfigure*In thouMndi of dollars]
n'ith DO
BeiurnF wilii Title
I I«I Ketarns
Trfift Ivettainciimo L
All returns
With wijuetBd
net income
WJtb
adjtistwl
net
With Income
With
With •With n o With
aad
•o
adTitle I Title I trltK no MJI- jUKtGd. wilh no
dlstrlbnet
net
undisnet
utftrt
income' income1 utwd
Hfl- Adjusted tiicnmo tributed
adjusted
justed
net
netLUCOIXLfl
income
income
3,758
Number of
return3_
_.
TItiel net inooniBi. , .
Additions:
Contributions <>r flfts deducted In
£34
computing Tide 1 net Jnonnw* >
Excess of expanses and (lepr«clation
over Income from pmjierty (allowable to computing Title I mrt income or deflrit)
..
S4C
Total
„
Deductions:
Contributions or gifts (not in eto&gs
of 15 percent of above tt>t:tl).. . . . , . 1,385
Federal loeome. waT-profits (ind «(.ceas-pronts ta^es paid w accrued
during the taxable year ' . . . . .
Income and pr<jflts taxes of a foreku
country or United States possession
fQot deducted in comptitiup TLtle X
net inwine)
Amount imld In liquidation <>f a liatllity Of tht (jorftoratlon baa^d on
liability of a decedent to inaJrt> cott2
u-lbutbns or gifts _._^
,._ _
15, U S
Totftl
Adjusted net income
.^ see. las
Credits:
S23, &HJ
Dividends paid.... . ^
,
Amount used or Irrevncslily aat aalJe
to pay or retire indebtedness of any
kind Incurred prior to Jan. 1, 1034.. 27,43Q
3fil,113
Total___
_
w
"Undistributed adjasted net Income
T2iM7
Surtax on undistributed adjusted net
income:
05 percent ol amount not In eswsa of
*2,000
2S1
75 percent of amount in excess of
1.511
$2,000
1,702
Total surtax
7&
21
3*1
a7»
* 1 . 5S0
34B,l«t
»17, 83T
SIS
394
* 17. 421
4(53
13. 4M
M
2J0
2.712
14,430
* 17,907
34, SOB
232,478
203,tt>4
6,163
<S,923
13. Off?
1.220
31, S,^
* 3(X 904
2,447
23
22S
5
17, CIS
4
&53
w
a
1 7 , 759
(')
asi
KI8
4SA
i 1,650
1
172
31
37.01ft
4
9
with
UoadJustod
ntt
irtcome
5
3
4fi0
S
s 619
88
1
17.S&5
•ISO
197
5,667
430
M7
404
fWJfi
iaF6S3
>2tt,aoi *S6i3S7
5 31A
SO, SOI
318H 825
s 30, 678
2fil
1. nil
1.792 1 . . . .
L C!ofrt>spond3 wltV) nut [rmime Tor excess-proflts tax computation less ftxoess-prrtflts tnx (Items 2£ aud £0,
eepBCtively,
schedule A, 1937, Twin n s » ) .
1
In oomputtugg Title I net income,
thu deduction
for contribntlous of gifts is limited to f> iJercont of corme, thu
e
i ' nett income
i
ri pririr to
t dedtictlon
d d l
tibti
tft
ratioTia
of contributions
or ittfts.
The esooss-proflls tax imposed by sv<s. 108 of the Be-venu-e Act of 1035, as amcnflocl, is not included bare,
:but
dfl tafeen -na a deducttnn in cnmptjtln^ TltJc I net income or deficit,
4
Includes Sib returns with no data.
'Delicti.
1
Less th&n ?500.
1
Amoant reported on Taturns with undistributed adjusted net income.
43
STATISTICS OF INCOME
The total number of personal holding company returns, Form
1120H, included in this report is 5,640. Returns filed under the
provisions of the Revenue Act of 1936, as amended by the Revenue
Act of 1937, number 5,336, of which 3,756 show Title I net income
of $283,204,642 and 1,580 show no Title I net income. Of the 3,756
returns with Title I net income, 693 show a surtax liability of $1,792,090; and 3,063 show no surtax liability. Of these returns with nosurtax liability, 2,984 show an adjusted net income but no undistributed adjusted net income, and 79 show no adjusted net income.
Of the 1,580 returns with, no Title I net income, 21 show an adjusted
net income but no undistributed adjusted net income, and 1,559
show no adjusted net income. Returns filed under the provisions
of the Revenue Act of 1936 number 304, of which 233 show Title I
net income of $23,070,170 and 71 show no Title I net income. Of the
233 returns with Title 1 net income, 71 show a surtax liability of
$191,237 and 162 show no surtax liability. Of these returns with
no surtax liability, 155 show an adjusted net income but no undistributed adjusted net income* and 7 show no adjusted net income.
In the tables throughout this report compiled from corporation
income and excess-profits tax returns for 1937, the returns, Form 1120,
filed by personal holding companies, are included in the various industrial classifications according to the predominant business activity
of the corporation as reported on that form.
holding company returns filed under the provisions of the Revenue Act of
1936 classified by thote with Title I »ef income and with, no Title I net income, by
returns wUk adjusted net income and with no adjusted net income: Number of
return*, Title I net income or deficit, deductions, adjusted net income or deficit^
credits, undistributed adjusted net income or deficit, and
[Money figures tn Ihouauids of dollvsj
Returns with Title I net Income >
With adjusted not income
Total
With undis- With no undistributed
tributed
adjusted net adjusted net
income
income
Witli no
adjusted
net
income
Returns
trlth no
Title I
net
income i
1S5
71
•71
Number of TCtums
... ,
7
10, 454
* 713
Hi
23, U7U
Title I nat income i
^
0,552
Deductions (not deducted in computation of Titlu I n«j£ iuwnLo):
Federal income, war-pro fits and
excess-profits fcaaes paid or accrued during th« taxable year >._,
«
604
1,068
27
Contribution* or gifts - . . . . . .
1
Lo=ffits from sale ai capital assets
410
143
702
7
•2m
Foreign inooiao taxes paid or
2
accrued during the taxable year..
&
9
470
729
2G7
749
Total
Adjuster! net in come.
< 202
• 1,443
IS, 70S
6,0S2
2l h 5S5
Credit*:
30 pcrwtit of Mjtistod net income
in excess of dividends receives
3 h 037
from personal hold fnj: companies
1,180
3,827
4Q&
Amount fur debt retirements
284
7fiS
97
1.5,906
41
Dlvid ends p a i d . . . . . . . . . . . . . .
3,541
J9, 4SS
S3
L&.042 ;
41
Total
3.014
ISO
24.097
1
Undistributed adjusted net income
i, IMS
a oca
• 3, 3S& |
'243
* 1,623
Surtax191
m
Corresponds with net in com & for income tax computation (itero 39, p . 2 u( 1034 Form 1130).
« Theflxooss-profitFWt imposed by apt!. LQtiafthe Revenue ActofL935F aaamended.ts not Included 1-ierc. b u t
i a taken as a deduction in counpuliuc: Title I net income or deficit.
' Ldd
19 returns with no datjj.
« Less than |S)9,
Amount reported on returns with undistributed adjusted net income.
1
STATISTICS OF
Personal holding company returns with adjusted net income, by adjusted net income
classes: Number of returns
Number of returns fllcd tinrtar
the tirovisions of the- Tteveniw
At I of 1930, as mi leaded by th*
Revenue Aftt fif m:i7
Adjusted Dot income classes
( d
dll)
N'umber uf returns, fll
thr provisions nf the-. TiftvenueAct al 1996
With undistributed
adjusted
net i
and surtax
liability
10 under 25
2S tindtiroO
60 under 100
lOflllticJer 500 __
fiM under 1,000..
1,500 mielor 5,000
rtvrr...
Totftl
155
HISTORICAL DATA IN SOURCE BOOK
Tbe Source Book is a, comprehensive compilation of data tabulated
from individual income tax returns for 1927-36, inclusive), and from
corporation income tax returns for 1926-36, inclusive. These data
are supplementary to the published volumes of the Statistics of Income. It is planned to also transcribe in the Source Book the information for the 1937 returns.
The information in the Source Book for corporation income tax
returns (composite for returns with and without balance sheets, not
including returns of inactive corporations) for lQ26-3fi, inclusive, is:
The number of returns, items of receipts and deductions, total compiled receipts, total compiled deductions, compiled net profit or loss,
net income or deficit, net loss for prior year for 1926-32, income tax
for 1926-35, normal tax for 1936, surtax on undistributed profits for
1936, exceas-profita tax for 1933-36, total tax for 1933-36, compiled net
profit leas income tax for 1926-32, compiled net profit less total tax for
1933-36, cash dividends paid and stock dividends paid, shown separately for the returns with net income and with no net income (1) classified by minor industrial groups and (2) cross-classified by States
and Territories and by minor industrial groups. The number of returns, net income or deficit, income tax for 1926 35, normal tax for
1936, surtax on undistributed profits for 1936 and excess-profits tftx for
1933-36 are shown separately for returns with net income and with no
nctincome (1) classified by major mdustruiI groups and (2) crass-classified by not income or deficit classes and by major imlust-rml groups.
The information in the Source Book for corporation income tax
returns with balance sheets (not including returns of inactive corporations) is: For 1926 30, inclusive, the number of returns witb
balance sheets, items of assets and liabilities., total assets and total
liabilities, (1) shown separately for returns with net income and with
no net income and (2) cross-classified by returns with net income and
with no net income and by innjor industrial groups. For 11)31-36,
inclusive, there are two sets of tabulations showing the number of
STATISTICS OF 3XC0MU
45
returns with balance sheets, items of assets and liabilities, total assets
and total liabilities. In the first sot of tabulations, these items are
shown separately lor returns with net income and with no net income
(1) classified by minor industrial groups and (2) cross-classified by
States and Territories and by minor industrial groups. In the
second set of tabulations, these items aro shown, separately for returns
with net income and with no net income (1) classified by total assets
classes and (2) eros3-classifi.ed by major industrial groups imd by
total assets classes. For 1931 30, inclusive, the number of returns
with balance sheets, items of receipts and deductions, total compiled
receipts, total compiled deductions, compiled net profit or loss3 net
income or deficit, net Joss for prior year for 1931-32, income tax for
1931-35, normal tax for 1936, surtax on undistributed profits for
1036, excess-profits tax for 1933-36, total tax for 1933 -36, compiled
net profit less income tax ior 1931-32, compiled net profit less total
tax for 1933-36, cash dividends paid and stock dividends paid arc
shown separately for returns with not income and with no net income
(1) classified by total assets classes and (2) cross-classified by major
industrial groups and by total assets classes.
The provisions of section 141 of the Kevenue Act of 1934 limit
the privilege of filing consolidated lot urns to common, carriers by
railroad. Because of the effect of these provisions on the comparability of the information for 1934 returns with that for returns
for prior years, data are shown in the Source Book for selected groups
of returns for 1932, 1933, and 1934. The items and classifications
listed in the following paragraph arc shown for (1) returns for 1932
and 19S3 of corporations filing consolidated returns, (2) returns for
1933 of corporations not filing consolidated returns, (3) returns for
1934 of corporations for which consolidated returns were filed for
1933 and (4) returns for 1934 of corporations for which consolidated
returns were not filetl for 1933.
For all c-cvTtecilklaled vet irrns, \\iv number of returns, items of receipts
and deductions, totft1 compiled receipts, total compiled deductions,
compiled net jjrofit or loss, net income or deficit, net loss for prior
year for 1932, income tax, excess-profits tax for 1933 and 1934, compiled net profit less income Uix for 1032, compiled net profit less total
tax for 1933 and 1934, cash dividends pnid nnd stock dividends
pnid (1) are shown separately for returns with net income und with
no net income and (2) are cross-classified by minor industrial groups
and by returns with not income mid with no net income. For consolidated returns with balance sheets, the number of returns with
balance shoots, items of assets and liabilities, total assets and total liahiliti^s (1) are shown separately for returns with net income find with
no not income and (2) are cross-clasFified by minor industrial groups
and by returns with net income and with no net i a come. The returns
for 1934 of corporations for whiuli consolidated returns were filed for
1933 are classified (1) on tho predominant industrial activity shown on
the 1934 returns and (2) on the predominant industrial activity shown
on the 1933 consolidated returns.
Tho Source Book is available for research purposes to qualified
students representing accredited organizations and to administrative
officials of State and other Governmental unite, A copy of the Source
Book is maintained in the Statistical Section, Income Tax Unit,
a] 0893—40
4
STATISTICS O*1 INCOME
46
Bureau of Internal Revenue. Written permission to copy data from
the Source Book must be secured from the Commissioner of Internal
Revenue.
BASIC TABLES
Tables are continued in the following pages exhibiting in greater
detail information from corporation income and excess-profits tax
returns,
SYNOPSIS OF CORPORATION INCOME AND PROFITS TAX RATES
There is also included a synopsis of corporation income and profits
tax rytes and credits affecting the comparability of the data in Statistics of Income, in the section of this report entitled ''Revenue Acts
of 1913-1937 and certain tax provisions of tlie National Industrial
Recovery Act (1933); also the special excise tax under the act of
August 5, 1909/' on pages 221-227.
Respectfully,
GUY T. HELVE RING,
Commissioner of Internal Revenue.
Hon.
H. MORGENTHATJ, Jr.,
Secretary of the Treasury,
BASIC TABLES
CORPORATION INCOME
AND EXCESS-PROFITS TAX RETURNS
STATISTICS OF INCOME
TABLE
1.—Corporations,
iBS7t by States and
Territories and by returns with net
income or dejicil, normal tax, surtax on undistributed profits, excess-profits
[ M o n e y Bgurea Ln
[TOT text defining c e r t a i n I t e m s ant]
Returns with net income i
Total
number
States and TYTHUJTIPS
..
,
1 Afahama
?
fl A r i z o n a
.
-r.
4 Arkansas
^
Ciilifornia
Colorado
7
Connecticut-.- . . . . . - , ff
D District of Columbia.
10 Florida
Geonda.,.
„,. „
11
1? Hawaii
Trlahn.
n14 Illinois
15 Indian*
If, Iowa
. .
L.
IT
1R K fft tn cit v
11>
nf)
Maryland
21
?*
?4
"*
VI
31
1?
n
ifi
37
^
10
•If
12
*3
14
4r>
4fl
47
•1fl
41
•sn
51
.
-
^N timber
3,372
246
L 4B7
a.Sil
25, 120
8,071
0, SQK
3.177
J.^42
6fi3
1, 17S
S, 705
1 ROJi
0| 750
..
_
2.626
2. 160
...
4. « 1
4,961
fi, 382
3,787
fi. 212
404
19,823
5.163
3,2,55
2.05T
Mississippi
Missouri
IRmtsna . . .
2.43B
lfl. 1J57
.
4,.•ill
2
..
l'S
J2T, S?5
New York
..
N o r t h Caroling
N o r t h T>atotft.
Ohio
....
-..
Orpfjon
.,-Ppnnsylvanlft ,
KhOflr Island .
South Carolina
South Dakota.
Tennessee . . .
Vermont
V i r g i n i a ......
WasliinKto-n-.,
. . . , , -
........
6,030
2.438
s" 3W
27. OS?
3, 415R
3,413
8,34ft
•5.JV3
Ifi,074
1.1R2
^^.^
Wisconsin.. _ . ^ J . . . .
Total
--
11 A^2
4. sns
15. EOT
1,190
52», 037
Deductions *
6 2?6'43i
673 BAA
1, R541 232
1 89^ 358
45^,304
Wfl, KM
6SS, :jfiO
2TI, &f9
12S, 328
' 77?; 572
907,03,4
8SB. S73
•t. 114
1.125
1 62fl
275
K, 420 B84
1 S3) 448
2ia.fifi]
1 .r.(l. 954
43?, 4M
56 $00
151, 48G
531,088
42, 105
40 r 2Sfi
fil, IStt
6, 5SS
l*t,677
12, 202
780,047
121,146
1 f»33
95,079
IS, 363
^ 759
50,820
67, B80
24,493
3,400
110,135
10. (12*, 673
1,533,714
537,187
8TO, 314
7,74O,75li
1, 71*. 763
2 001 07S
]42 SfK)
4O5,OtLS
3,14fl
1,337, OSC
1,232,120
7, 32i 307
7,3H)! 563
1,11R. 4S>3
4 1 1 489
B, 337. flM
477, 1 Sft
7.251
3,242,701
74, 4?+
482
3.23S
115. T*»
Q14.624
107. 547
mm
fi3& 830
2,03O, 890
192, OSS
2JKl! 559
68ft, 228
105. fl87
12,447
317,7*4
S, 74S
13,407
3M.245
4,075
105 *snsi
2.442
ioe,esefn95
W,3M,2W
7,812
2,*32
13,073
91.3S1
1 510
28,203
1,005
3fili
'Tor
31,033
439
382,293
13,766
25S
US, 706
42,474
2,6*3
49.228
2415,041 :
17,867
I.Wt
10S.187
53,05ft
1311,714
45, DBS
506
4,607
4.0IS
7, MO
7J3H ]40
: i 7R0
2.234
10, IS*
1,164
a, BOS
142
019
A16 2H6
1.702,747
1,133, 170
111,009
405. 555
$27.174
2,477, .1S4
C9, 4S4
' 435! 038
9, OSS fi9S
Sl», fl30
Normal
tax
l'w7
7, 7G5
17^042
7.0H1
462
Net
Income 1
433, £M
9, 5.V)
127,343
232,646
2S7, ftRfl
1,011,9(37
i, nis
2.319
lfl.434
Michigan
X"cw Jersey
returns
B,flM,897
2!G76
76,701
4, 782
3 437
'301
6,344
3D, fiW
3,004
(MO
13,100
7, 2SS
B.+25
17,033
MS
1,056,639
] " N e t I n c o m e " w "rtftflcit" Is t h p n.Pt i n c o m e for eicesa-proflta l a i RompvitFiMoti ( i t e m 23, s c h e i u J p A , p . 2 ,
F o r m 1120>. w h i c h i s t q n a l t o t h e flifFereiiBP "hntwPfin " t o t a l i n c o m e " a u i " t o t a l dftfliictfona" fltcnis 34 emd
27. regpflftiT^lyn scTio'lnlp A . p . 2, F o r m 11201 a n d also b e t w w n "prosfi iimnrne'* a n d J 't3f!(iuetlons" i n t h i s
tfiMo. Thf-ClBSsifl^ationrtl t h p r s t n r n s tutft those " w i t l i u p t i n c o m e " stQd " * [ t h nfnn?tin<v>m( l -"ls baspfi n n
D s t i n n o m e for e*Cr!is-|>Toflt& ta?( «iT»putftticni. F o r ccimrtfkriiwm of t h e n n i m i n t s of n e t I n c o m e for 19*7 an*!
10S(! w i t h those for y ^ a r s pTiOT tfl 1936* sne n . 2. Thc> diffeTynee b e t w e e n 1B37 ftnrt lflSf: t n t h e hfvws of t h e
classification of the returns Into those "with n e t fn«>me" nncl "wtLfi no net income" is siated on p . 8.
49
STATISTICS OF INCOME
income and with no net income: Number of returns, gross income, deductions, net
tax, and total tax; also ntimfer of returns of inactive corporation*
limns*!) dfi o
we p p . 1-4J
(
Returns with net ineornja -Continued
Surtax on
aadistrifc*ute<1
profits
&5S
23
120
211
7,85*
707
2.H03
E, 300
H8G
3,079
542
fis
21,796
3,251
sso
fi&O
1, 151
1, 3 8 5
333
3,016
4,933
13^668
2,556
177
4,13a
20fl
JOS
&o
Eicosaproflts tax
Total tax
NTumbtr
1,753
1&6
1,120
1, 764
291
21
Si
IS7
3.G5S
202
735
974
101
347
335
1-10
181
3.G36
fiftS
324
188
401
45fl
70
*55
1, 2S0
1,984
607
144
1,270
43
1D6
2, mo
71,038
7,SRfi
33, ?:.•>
fi, 414
5,251
8,'iH4
5,000
1, 7SU
121,414
IB, 2fiR
C987
4, 164
a, 810
3,536
ir,,544
3S,6lfi
107, 232
1&, 1TB
3,830
33, fiOfi
1,254
4. 02S
7H&
li)10
37, fl.W
578
3&3.O42
15,908
337
S8.052
]3. ffi'>9
3.4&0
fl7.3&0
e. 3ay
4,966
a&7
7,828
37, lift
2.3TB
1,294
15, fiS«
S,Mfl
B,27S
la
151
6 r sns
94
41,ft92
97
ft23
43
59
13,424
L,2ifl
614
1 1 094
1,105
1,161
47
1, 103
4,472
255
293
3,160
TOT
1,362
1,736
70
\,m&
445
20
3,444
46S
300
3,»M
442
339
9
SSI
2,Mfi
120
fll
998
4*15
48S
1,411
30
175, B98
43, 33S
Returns with no net Income •
23, no
454
1,276, 17S
380
1, 141
12,2SJO
a, noi
S.4fiO
1,174
1,403
5,187
2,722
250
71)1
18,1507
ft, 746
A, 359
3,224
2,282
3,098
2,040
3.675
13. 191
7.717
4,fl60
1,112
7,flfi8
1, 423
3,31ft
415
7&fl
18; 18«
420
79,794
2,573
1,334
13, 132
2, S24
2,779
U , 050
2,003
1, fi1.4
1.34S
2,380
7, 170
lrS2fj
€42
S, 184
5. 3S0
?. 034
7,iW2
iCO
28S, 310
OTOSS
income s
133,143
4,fiL0
JJeduc-
140,700
4,831
4e. (rto
1,295.450
231,673
W4. 7t>1
134, 477
247, 761
233,185
230,2(50
2fl,303
33,79.1)
4, DM, 226
fiftFi, R33
asa,3fl7
32S.72S
133,395
22f>. 2.Sfl
202,944
632,737
1,552,242
875, £43
7M.943
70, 226
1,195,831
69, B63
163,445
95,537
57,362
1,423,500
IS, f.37
9,3fi3,#80
214, 645
42,908
1,040,580
3)8,342
392.574
2, 203, lfiA
273, 252
110,^1
43, 17S
23J,3SS
602,006
77,428
fi3, 372
235,851
312,410
108^317
fi4fi, 449
2t,0C0
S2,977,9fll
79,095
1,394,003
253, 772
150,0%
264,656
23^571
24S,0ftB
SI, 253
35, 744
4, 230, 745
535, 926
405. 20S
33». 100
204, 531
233,949
2 IB, 806
£00, tt&
I.fl80,000
3M, 4S1
S04,044
75,560
1, 290. 615
74,5fl2
176 r 260
97, 545
."SO. 877
1,5S2.S5S
19.9K1
1^012.507
224.329
46,lflS
1,740.090
343, lf>4
237,133
2, S72. 1ST
385, 817
13(>,fl93
5O,7n5
246. 744
646,042
84,035
Deficit'
7,557
321
2,7B1
3>471
93,553
£2.]00
56,3(11
15,611
6,892
lm.wr
JA9.21R
22,318
12.7S8
1.&E0
B.B49
207, 519
30,332
21,401
10,463
11,196
13,GflS
13i8&2
3ft, 79B
127, 758
75.Q3G
99, ]00
5,343
B4.791
4,?95
11,815
2,007
2.W4
127,458
1,314
643, G2G
0,765
2,25fl
93,513
24,922
14.559
1B&.9J2
12.3tJS
6.S72
^527
12.486
54,035
6,607
S. 317
2% 214
2fi. 147
13. ,^0
43,7Efi
1,257
55,258,827
2,280,846
258,065
33fi,fiJi7
NTumbrT of
returns of
Inactive
corporations
7m
254
232
3,135
1,040
550
39R
225
1,360
252
26
675
a, 851
1,704
1.29a
334
595
435
71a
1,303
1,847
I,5fi3
103
1.505
330
5ftS
290
4«
3,20*
141
8,690
297
475
1.561
533
760
2, 271
ass
21ft
347
331
1,553
457
sa
419
2,107
2W
2.Q4R
124
1
a3
4
7
&
10
11
13
la
14
15
16
17
IS
10
20
21
22
23
34
25
36
27
as
29
30
31
33
33
34
35
3ft
37
38
39
40
41
42
43
44
40
46
47
48
49
SO
51
51, 250
' "Gross income" and "deductions 11 correspond to "total income" &ud "total deductions" (items 14 end
27, respectively, schedule A, p. 2, Form 1120), after transferring negative Ite>ms of income reported under
sources of income to total deduct ions, plus, in each instance, "cost of seeds sold" and "cost of operations"
(items 2 and 5, respectively, schedule A, p . 2, Form 1120).
TABLE 2.—Corporations, 1987, by major industrial groups and subgroups and by returns with net income and xoitk no net income: Number of
returns, gross income, nd income or deficit, normal tax, surtax on undistributed projilBi and excess-profits tax; aho number of returns of
inactive corporations
[Money flfvrcs In thousands of dollars]
[For text defining certain items and describing returns included, s*» pp. 1-8J
Eetwrni w i t t mat ineoma J
Industrial groupa
]
i
Agriculture and r*liili*i1 Industries:
Panning—Cctttui, Brain, etock, horticulture, and aH other farming; Jassnrs.
Reliite*] induil-ries—forestry, fishing,
ireh&rvCstinp, md nthnrreluted industries; holders uud lussoii.
number (A
Numreturns
MCa
2,251
Mining and quarry ing;
Metal mining-Iroti, copper, lead, sine,
gold. Silver,, [iiilcksilvflr.
Net
iaevnie 1
Normu]
4Ti,Sfi3
soa
60,072
6,794
2,638
B31,ft54
B7.320
8,589
319
687,157
311,218
24r&i8
33
31,7*1
506,523
1,2W
ZE,2Sfl
llf.&M
153
2,601
13f687
4,203
1,366
Total ajriculture and nJated fnduatrics.
flross
inuouie'
COBI;
4
7
S
Anthrrate......
,.
BLtumiQflU3, Mgnlw, and i«nt
...
Oil and gas....
...
Other mlnerBte' Aflbivit«>, clay, granite,
precious and ^niprcCfous Atones, salt,
etc.
Mininjr and quarrying, n. 6- e , leajors
Hfttl boUeni.
HI
1.SS3
1,715
8,8*8
I'otaJ tnimiig and quarrying
Manufacturing:
Food and kindred uruducts:
Uafcery and contectlDnsty (irnducts..
9
Cannad products—Fish, jriiit, T * ^ 10
tabits, poultry vtv.
Mill produrts—1!TWI, flour, feed, etc
11
PacklDK-hoiiBB ore ducts—Fresh
12
m e m , ham, lard, t>ae*n; meat can*
nine, byprodudSf e t c
1,»14
723
I,fi57
Z3T,K9l
Raturns Vi'iili DO net income •
Surtflx
uaani-Ustrihuted
piuQts
Excess-
m
m
profits
101
Number
201, SOI
24,211
782
tt,323
0,372
S.S87
1,588
1,4S2
77fl
1,204.555
712,38*
l,lMfi
l.LlH)
4?a
640,240
2; 466,479
1
i
we
359
4C67
SSI, 153
33,583
Sfl2
3,434
3, 51*
07S
112. 395
12,228
Si
3
IV
S13
1,^33
Z
94
681
1UI
1J3
1,276
2,3fig
ifrUil
421, B19
222,134
&7r579
20,590
23,006
3S.481
5,171
3a
94
81
4
G
A
7
3,158
24 MM
23,333
4,153
427
2,57fl, 7S*
Deficit i
5,285
91,530
£,0S3
Gross
Jncoiue •
Number
of cetums
of tune(ive COT[.KirotioDs
8
si, wg
5r37S
4,402
3,4M
l h 0HUJ2
128,3flS
4,457
42. IDS
10, M7
5,705
1,200
7H5
22»
113
2,137
l,0S2
378,308
2SO, Ifi8
13,170
7,S24
21S
130
0
10
IS, 171
at, 066
221
2,76?
43
76
563,022
1,930,657
IB, 704
11, « B
55
42
11
13
77, om
5
Sugar— Beet, cane, maple, and prod.
nets.
Other food products—Artificial i » ,
butter substitutes, cereals, coffw,
eplcw, dfliry products, etc., food
products, n, e. c.
Total food and kindred products.
Liquors nnd beverages:
Hast drinks—Cider, miners or spring
•watw, stc.
LIqunis—WiTie$f t**Tr malt mtraet,
malt yeast, alcohol, etc.
Total liquors and bavaragw
4,4S4
139
74
C3.9S0
S, £67
2,<HS
1, S71,108
80,288
11,190
1,11*
210
5,343
46S.3W
12,814
271 14
12, 0-T6
5,300
7,27fl,V41
ESC, 098
36,363
3,660
753
C,940
3,602,288
OS, 6(4
736
I,fll3
1,105
300,547
68,103
730
1,836
68
247,1W
H,£S6
W 1«
&&
681,964
179
1,608
4S7
84,667
13,277
4,036
400
ifl^Tfle
22,492
5,C44
B56
1,478
202,424
16,431
78
313
36y70S
2,040
m
1,228>765
l f fl33
1,529,313
140
1, BM, 779
683
m
816, (JTO
B2,«8
7ri2a
571
311
320,083
^ 147
1,133
7*4
16^
330, OSS
34, NA
4,410
Ld64
*, 376
Tobacco ptoducts
17,731
products:
Cotton goods— Dress goods, plnjn
cloth, ote,; napping and dyeing.
Woolen and wor&ujd goods—"Wool
ynm, dress goods; wool piilJ ing, etc.
Silk siid rayou goods—Silk fotoite;
spinning etc
Carpets, llooi coverings, tnpas tries,
etv.
Textiles n. e. t , cord, felt, fur> hospital and uurEfrail supplies, Hnen,
other textiles, etc.
Knit swjds—Sweavers, ho&iery, <rtc_.
1,344
5H
425,307
16,084
2.043
407
61
Total textiles and their products.
J,ft&7
3,013
3,O14,4&
1C6,326
21T&50
4,236
Clothing and apparel—Custom
,
faetory mado, coata,rniderweflTjmillinery, etc.
8,044
2,790
1,439,752
32,345
•4,054
mem
jie, IM
34.412
10,159
963,140
34,601
ather and its mauuradtuss
Boots, shnos, slfpijcrs, etc
Other leather products—Gloves, saddlery, harooss, trunks, fllbi
and tanning leatfter, etc.
Total leather and [ts
For footnote f dee p. W.
160
1,113
533
17 17
aOBi202
12,195
22
IS
273,911
e,32S
23
19
£52
117
B30
196h WS
lfl.!)37
30 20
4fi,7A0
2,179
4- 31
2,aflr
HO, 617
21,467
23
249 623
10,2B7
867
4,490
1,517, 436
69,3^4
194
£21
129
5,120
3#,fl37
13,036
134
3,270
1,27?
300
305
M
Ml
168,711
710
6,111
7,458
as
4,54^
614
100
1,311
3ca,57e
13,W4
fl2
149,143
7,124
1,015
189
21
fl76,6W
47,1B9
6,226
£22
m
1,02a
lfi
837
62
4S5
13
41
1,800
1,542
1,273
10
20 23
25
23
TABLE 2.—Corporations, 19S7, by major ijidustrial groups and aubgroupa and hy returns witli net income and -wilk no net income: Number of
returns, $ross intbme, net income or deficit, normal toxt surtax o» undistributed profits, and excess-profits tax; aho number of returns of
inactive corporations—Continued
[Money B*ure« In UwHBtfld
Returns with net income J
Returns with n o n e t income >
Total
industrial groups
27
28
20
ntunbfjr of
returns
M an ufaeturing—C<m tlnued.
Eubbet products.
Tires and tubes, etc
Other rubber Roods—Boots, shots,
hoRc, and artificial rubber.
Bunt, celluloid, and ivory products..
Total rubber products.
W>
91
Forest products:
Saw milt and planing, mill products-.
Other wood frmdiicts— carriages,
wagons, furniture, baskets, e t c
12
13
Paper, pulp, and products
Printing, publishing, tuid allleO Industries.
Total forest products
i
[5
16
17
......
60
'ib
245
746,00?
229,564
M.1S4
17,444
Normal
tax
2,254
44)
3bars
550
320
1,013,043
4T.45+
^152
2,923
3.8BI
1.30S
1,740
079,533
778,409
5J,«74
40,695
4,B4fi
i>.7»0
3,102
1,457,081
93,565
2,327
12,387
1,3S3
5,117
J,Wfi,S7»
l,9O8,ffil
140,044
133,821
203,384
420
Total cnwnicaJs tmd mino jjrod-
7.1S3
m
57S
j
Net
Income i
116
781
UCtJ.
Gross
income *•
MJ
Chemicals and allied products:
Chemicals proper, adds, compounds, etc.
Pafnts, pivineatB, varnishes; carbon
felafkn Inmp tiltwtr, putty, ro-sin,
tutpentiQid
AlliM ehOttiLcal SDbsWinoea—'DPdgs.
oils, soaps, utiij flther Chemical
substances n. e. c
Fertilize
Number
3,107
Surtax
an undistributed
profits
Excesaproflts
tux
20
&1
77
an
N"uml»r
at
Gross
Income 8
41.733
49,405
197
Deficit I
347
2,055
Numboi
of returns
ul inactive ecifporatfuns
1
25
27
2fi
3
29
W.911
3,712
29
30
31
&, 767
7S
13-1
659
1,120
414
472
1.42S
1.045
259,740
212,425
14,0B5
11,554
122
11,S14
E;f)S5
!ise
3.37S
472, 165
25, M0
2«5
1S,61£
23,(r2Q
4,115
4,852
703
€72
ser
241, 191
7,07*
a»,e»i
12, Ilflfl
30,7V0
77
471
82
33
24,186
2,639
515, £89
513, HI
2,208,261
204,753
2ft 129
163^ IBS
9.441
1,127
3,SS%702
4.57,119
357
57,743
3,338
44
34
895
134
4«7
51,276
2,474
f£
S3
2,9^2
G43
2,090
200, K l
11,780
37J
3(i
239
73
102
37
uoos
1,013
25.014
1,470
37
337,354
U,0G2
400
Pttrotoam and otha mineral oi I products.
3tone, d a y , and glass products
Metal and its products:
Iron ofi(i stool—Products of bln$t
furnaces, lolling mills, foundries,
etc.
Locomotives and railroad (quipment
Factory inRchinery—Food proriuCttoci machinery; leather, metal,
paper, printing, textile, sad woodwflitiflff machinery,
Anienltorsl machinery and equi lament.
Electrical machinery and eqiiipTneatMisasUafleous mttchinery—B uUdiii g,
const ruction, %tifi, mining machinery and equipment.
Household machinery and equipment, ttpOlUce cquiOraont, eta.--,
M et&l bni'J hi n g material and su pplie?Hardwaro, tools, e t c . .
.......
PTCCIOUS metal products and p w
esses, jewelry, etcOthoi metals^ proiiicts. and prntesses: ™mt>inations of fotindry and
mafihfnc shop.
Total metal and its products. r.
Motor vehicles, complete or parts__,._,..
ManufecturiDE not elfl<w]iere classified:
Radios, complete orpprts
Musloal, pmloss^oiiiil, BD*1 BDlontlfiC
instruments, optical goods; canoes;
electric launches, CXOAirplanes, airships, sc«plane$, e t c . . , .
Total iriftTi«ffictiiriiw not elsel
For footnotes, soe p . 67.
iH$4
324
1,684
4 F fl38,2lt
],317,fl84
300,815
181,524
30,2151
21,610
3,943
2,990
79S
&7
331
2,343
fi4S,(vtl
218,SJ&
21, ?5J
ir,4ie
101
317
IrSffl
1,140
3,962,902
24*076
32,638
6,477
2,sie
621
246,237
15,284
fi9
109
450,012
701,890
4^,305
6,253
10,103
UW
2,303
458
7«1
OS
723
S9,4C7
l,ffii>
5,0£5
6
Al
SSti
727,5SS
11] SB5
15,075
5, Ml
1,008
207
2*,772
1,056
47
Si 864
362
33,246
l&l, 764
^307
S,«i«
J,660
HO
2,4&5
4Z8
],3ro
1=410
577
4.^
3,431
1,203
1,7M>
22,410
21,715
fl,4*7
SM,300
56,732
7,672
)j276
125
783
62.2V2
£,227
380,265
.<>51raS4
<#,&1
69, 614
173,206
19,662
8,416
8,171
23>761
2,677
1,770
>(S31
15, #36
3U5
716
2,687
520
1S»
M40
1J02
477
2i v *J3
lfl(V991
10], <3S
44,109
1,725
10,282
6,367
1,860
24
83
I3C
13
4, aw
1,351
3,117
270,66ft
12,0013
144
41.513
12,870
S.77B
1,»1.23S
70, TW
SlO
429
197, W3
]3,047
63
i&n
S2.5B2
222,846
4,QM
13TS7fl
17
862
333, fl3S
mi
2,034
3,105,788
197,402
28,536
20 t 076
10,401
liW2,lfift
l,3Sl,350
|8£,43S
581
4,5M,SQ2
41ft 314
US
2h005
25Sh 10,1
l t 134 31)5
]?. 109
111,291
132,193
l^ase
1,764
574
5,107
2,l6fi
lt SIP, 612
136,666
IS, 245
&6r611
41,074
ol r 46S,20g
4,127, 465
5H0B2
262
G,740
159
48
157,675
157, SSS
i,:i55
mm
m
1,216, « *
1.461,872
2,686
3,541
1,667
14,814
12D
3,187
104
C91
3^073
m
13.581
2,4*8
33
4,190
£&
3,319
S19.029
20,430
712
9^S14
22,37ft
50,005
434,344
4,532
[O,BS8,4M;
LE 2.—Corporations, l9S7f by major -industrial groups and subgroups and by returns with net mcomo and with no net income: Number of
returns, grow income, ml income or deficit, normal (ox, zuriax on undisirioufed profit and exctsf-profils tax; als& number of relwm of
inactive corporations—Continued
[Motiey figured In Itousunde of doll*™)
Returns with DO not iiicOniG1
Ileturoa witb net income <
T»tal
rumberoi
ceturo£
Industrial groups
66
57
68
Net
tnuume 1
Surtax
•jiiuadistribute
profits
Of iliftC-
Number
Oioss
iaoome 1
3,m
827,3»l
2,3SS
807.127
163,543
% SS8
1,35*
212
06
lift
18,333
6,103
1,688,050
S4,4@3
10,34S
JNS67
1,403
10,761
S25
1,C79
£19
342
2,031 401
318,802
205,350
74,986
Sfi,12S
10,558
2,264
J,ie3
1,028
ai2
2,728
62
25,696
^,044
2,120
2S.Q34
a, ssr
leo
23
473
62
Cartege and storage—Food storage;
[«(!kinK and shipping; local transportation and rotated industries
n. e- c.
10^527
a, sis
040,330
34. Wl
4,139
770
Total trAoaportaticii and related
afltivUies.
17,534
6,41B
a, 750,910
40B,065
51, SSI
15,041
Construct U>n:
B u i l d i n g ancf construction shore
ground—Installing machinery, moving, wrecking ruing, etc
Other coufitructioa underground and on
surface—Bridgs building, waterfront
construction, relate*] industries, titShipbuilding and repairing.--.
_
Total construction
,
Transportation and otlior public utilities:
Transportation and related activities!
Steam inllroads
Vi)
Ekctric railways—Pullman oars, reWl
frigerator, stwk, poultry, and fruit
cars; lessors.
91
Wator transportation and Tftl&ted activities—Ocean and fresh watec
lines, canals, diking, drawbridge
operating Ilgntor&ee, saivagingi
pilotitiff, wharflru;; le^ofe.
Ml
Ai'.rlal transportation
Autobus lines, taidc&bs, and fiJgtt63
<H
Numher
of r B t w n s
11,419
216
54,686
Norm oil
tax
^iS2
ail
6,707
1,513
4&1
Number
Gross
income1
Deficit'
7,115
37&,W3
14,507
3,6127
mm
19,33B
306
611
l.&O
GS.634
pruflta
we
tive cor[>oritlui)s
672
&7
47,453
3,045
ii
7TS, fift2
3fi:S80
1,460
«8
^ W , £26
465, S(B
230,283
72,SfiS
Ma GO
2ii m
19,88S
192
61
Sfi,a56
63
1
1.607
11^599
4,206
«,61H
105
l£0
327
6,013
^ 7 5 , S74
£L, 4E&
G99
1,44*
3,<S67
3, SOI, DJ59
353,966
1 , QL2»
425
56
i _..
.
Other public utilities:
Electric light and power companies,
and combined gtoctrlc light and gas
companies.
<3 as <>Mnpanies, artificial and natUTal.
Pipeline companies
Telephone and teltijiraph ^mp&DJcs.
Radio broadcasting oumiJaDies
Wateroompanfos __ ,
Terminal slat bus, to)) bridges and
to)] road!), Irrigation syUums, e t c
Total other public utilifies
Total transportation arid other
public utilities.
Ratal!.
\V~rjtfes
Commission.
_
A I) other trade—Auto wreckers, film «xchaseeSr pneumatic tubes, trading
stamps, garages fpr storage, repair
servi«, etc.
Total trad*
Service:
Domestic service—Laundries, hotels,
restaurants, operating apartments or
office buildings, etc.
29L
3,2JO
518
1.SS3
1,468
778
2,6K!:,C33
Bio
177
591,977
3M.G6S
1,406,990
i,afi&
280
90S
COS
115, iU
77,4(4
174,375
tSS.fifll
62,251
1, &5S
7^834
]»p 170
lffrfi39
33,130
2,661
2,241
lt,«3l
74S
ESS
37fl
165
247
]I4 T 6S1
379,728
ID.OOS
I7.09S
ota
roleisional serviced! urn live, GfluCatloital, engineering, Ispal, e t c
usiaesE service—Detective hnreaus,
trade shows, mime&Rraphinft, publishing directories, ativflrCfsing, e t c
Tor footnotes, see P- 57<
401
195,407
lfl,K#
218
172
368
77
126
VI
386
03
1.7G7
10.698
2,700
59
21
237
81
237
63
64J
120, W0
4M14
UO.SIO
11,177
17,333
74,461
2,30.1
4 f J20
013,944
50,040
410,004
187
651
9,3ft9
1,1(1)
2.7P2
12.&63
3oe
9,726
4,43s
5,2fl3,289
132,027
27,380
10,859
0,034,300
],soa,02i
184,016
LO, 411
3,749
13,616
4,41^002
15,045
1^8«i(H0
13,316,470
fl.240. EH52
3«a,4ft5
923,377
470, SJS
aM,*70
39,837
J4.744
*,nso
9,599
12,875
6,333
1.129
240
2. SOS
14,525
3h&6ft,521
7d,IflO
350
W.787
B4, 768
4,131
3,S7«
1.7&2
23S
ll,07S
2,327,301
166, €94
326,433
49,976
427
irj h ais
403
1(1, tj!"Br S09
23o, ?ea
4,0*5
H177
l,4*t,047
144, T4G
115, &i4
1B6,335
10,727
h'i
10, "H
213
030
ie,7oe
1,066
30, V26
S1.4B1
22,647
4,910
6,045
31050
J 1,343
2.011
1,969
93
US, 019
«U32
IS, 057,4M
I.0S4.765
131M3
29,170
34,550
9,114
1,071,781
84,196
7,202
2,061
4OH
85
U700
13.S04
63,130
207
1,057
M29
Ififi
1,325
6,1SS
1.8&S
n
4,007
]3,69H
123, H13
i72,5Sfl
]I3 r 193
SI
6f
1177
1,303
10,457
5,925
723rfl23
7,121
2,138
17M31
7,120
2,504
AmuEeniointB:
Tb*aters, legitimate. taudovilta, etc
Motlon-plcturo proposers..
Motion-picture theaters
Other amtisfliimnts--Ofreuses, jtolf
linlcs, ra«* tracks, pittance rasorts,
etc.
1,430
2t6ta
a,ees
M7
17^
14fl
133'
1.7(17
3.E07
ftJ,240
1PS€2
4S1
h,vn
3?2.fti0
18,097
021
3,9U
131,708
3,771
161,073
14.556
2,123
l f 2ffi
7
<m
1,150
<t,ORO
77
\33t
6,386
845
TABLE 2.—Corporation*, 1937, by major industrial groups and subgroup* and by returns with net income and with no nd income: Number of
retwm, gross income, nd income or deficit, normal tax, surl&x an undistributed profits, and excess-profits tax; aho number <tf nturns of
inactive corporations—Continued
[Money Bgiirea In t l u o n n d i *f dollar*}
R e t u r n s with no n e t income, i
RetDifis witb not inoom« i
Total
number ed
returns Number
Industrial groups
64
Senriw—Continued,
Other services n. e o,~ Auto camps, cemeteries board of trade, new spacer syndicates, pbcwgraphrns, oonoewlODulres
$i amu&emeats, cioakiyoros, etcTotal servicfl
S5
86
67
88
80
80
Bl
-
Finance:
Bnntirif and relnted industriflS;
National banks
—
State and private banks, savings
banks, loan and trust compilings.
Jomfrfltnefc land banks
-,
*
Loan con pa iiies—Building and Iran
associations; mortgage, note or
pawn bmiers; insurance agents,
promoters, foreign eicbanK*rnvastmeni trusts, stook: ayndlffltes.
stock pools, hokl LOB companies h etc.
Stotlc find bond brokers, inveRtmem
brokers, investineDt bankets.
Real cfltste and realty Tmldini companies— Kealty dtveJopment, holding or latHinp; realty trust, etc.
Tots) hanking and related indust rim.
Number
of rgtiims
Suns*
Gross
income'
Net
incuma i
Normal
tax
on undistributed
profits
pronto
tax
1,846
332
22^7^«
2fl,314
& 194
503.160
506,356
101,3S1
102,696
5,JU7
rre
m
12
719,570
217.5M
i477
1,84^483
1,JHM3
42,143
17,999
"26
m
205,289
IS, 094
1,046
S31
48
18,016
186,815
107,669
10, 4H
%m
TO?
]31, ft97 42, 743
4,430,771
1,937,364
81,570
25, 114
1,610
W.272
19,191
(5,107
32,803
a, 740
6,191
43
•21, m
5
7.6H0
2,334
sum
114.133
Gross
incouw s
Deficit 1
3,27$
15,327
6,0lfl
Number
1.U38
41,017
27B
4,402
930
a2Jl,937
210,004
S.8, 30S
84
6094
4111 S6
59,747
2,210
8*
3,714
165,^2
3,703
1
^ 343
87
1,712
07,62^
139,545
601
1,481
5?2;27fl
64,274
ISO
90
51.9S5
584, ore
20ft fl65
10,094
91
72,<ys
1,1332, 5«!
570,16£
16i736
87
^874
4,392
tive corporations
se
m
aa
Insurance companies:
Life Insurance—Mutual or stock companies.
Other insurance—Accidentt casualty,
fire, marine, title, etc.
Total insurance compan ies~......
Total flnanw
Nature ftfbusbesa not given
Grand total
67a
H3
1,323
665
1,W5
838
1,579,630
133, » 2
43,581
6,000,402
•1S.QS1
529,087
aoM»
2,143,7^
9, C$4,837
85,575
30,231
30
is
1,000
£20,431
25,144
2,735
73.4WJ
URDU
175, s»s
4a,aas
1,05^930
6
•4, I W
285, SIC
to
140,005
HUM
SO
l(ier D89,095
" N t t inoome" or "deflctt" ts the net Income for excesa-pfoflts tta <ft«m 28, sclieaule
A, p. 2, Form L120) which ts equal to the diiFeredce between "total iDcoma" ami "total
dciiiictionE" (items 14 and 27, respectively, Mhediile A p. 2, Form 1120). The classiQcatioti
thus* ''witb
flcation of the returns into
iatg thui*
witb net
ne ILUQHH"
Ettun and with no n&t income" iss based
OD the not Ltiflome far escaas pnjflta tax computation. Far comparison of the amoontji
of net income Cor 1037 and 1996 with those lot years prior to 169Q, see p. 2. The different
between 1037 and 193G In the bases of the classification of the returns into those "with
net In came" ant) "with no net income" i£ stated, on p. &
30
201, WQ
nJ
182,036
z
4 442
1, 517,217
137
—
--
U1.33U
n,m ---
» "Gross income" and "deductions" correspond to "tutal income" and "total deduc
tions" (items 14 and 27, resiwctlvcly, schedule A, p- 2, Fcirm 1120), after t-mnsfcrrlitK
nepativc items <>' income reporisd under sources of income to total dfti net ions, plus, in
each Ins tan*, "cost of gciods snld" end "tort of op«t(itltins" (ilems 2and a, respectively,
schedule A. p . 2 of Form 1120).
S
3
58
STATISTICS OF INCOME
TABLES 3.—Corporations, 1937, in aggregate and by returns with net income and with
and compiled deductions, compiled net profit or net loss, net income or deficit,,
id
[Money ignree ift
[For test defining certain Items act!
PART I. ALL
MonuTBcturfng
Ajrrieul-
turs Rnd
Af Inln^
flTid
tries
1
Number of returns'.
3
Receipts*, tamfcile
income:
rirass sales s
, .
,.
r
nross receipts from operations '
Interest
Rents
_„
4
£
a
7
s
9
............
T<Jnt Cftpitftl (fftlii
- - -
Dividends from:
*77, SSS
8,703
13,567
10R. 3B2, 7B2
827,0159
105,111
4,003
3,03*03?
332,727
13,102
28, ,"902
2! SOI ^ OfIt
'305,324
S5>«J3
68S
Foreign crrporatinns *
Other rfloflipts •
. .
...
Hftf*1ptF, rax-ftTempt and taxable fn-
+7fi!aO2
Total compiled receipts *
2
Totnt
mftnafact urine
Fond and
kindred
products
&I.070
GO, 344. 442 10, 933, 073
04,350
951,029
10, 073
15,449
3,(H3
35,719
524.383
«,30Q
42,071
l l ! 996
Tntrpegi; on Government obligations:
Wholly tax-esempt>. r . .
quarrying
17, W6
17,830
1,519
l.WS
1SB
374
2,737
3,140
V83, 462
3, 583, £97
62.474,438 10. SSO, 194
1,0W, 80(1
lS7,4«a
50.077
11.041
10,702
SS.607
13S.958
4S, 55& 049 8, 021, -tfifl
22', 006
lfl.870
4,999
0
31
4
5
ft
T
ft
9
* t . 167, 7167
Onet ofsoo^s sokl i*
Ortst ftf nppratirtns n
. . . . "]2.2Sl,34?t
Compensation of officers
i» 2, tm, %\A
Rent jial<i on business property....
1,504,791
Bafl-febts
„.
7W.391
Jntorest patrl . . . . . .
. . ...
3,003,141!
Taies f>^id, other than income and
3,fiSi, 5HS
Contributions tr gifts i»
. . . ..
1
f
Kot capital loss "
.^..j
.
12,737
3,343,021
623.886
104,549
14
*j
7
IR, em
24,540
300
33,456
7,28*
2,567
153,4*7
TctnJ comfiilert (Jetliiottons
7S0, 341
Oomnilcfl net profit or not Inas (12 less
24,110
2S).
Wet Income or iiofta<ttls (5« lesa l i > . . . . .
ft
Surtax on
Normal
tasnndistributed profits
7, SKJT991
l, osfli S39 [
374,152
1,407,072
14,440
1,970, OS 5
218, 440
)8, 7S0
fl8,753,457
299,252
3.703,121
51.079
534,632
17A, ftflS t
I. 27(\ 173
7.8S8
Compiler! net profit less total tux (2fi
6, 554, 121
16,2?3
3
Dividends pai<j IQ:
Cash anrl asaetaothertlina corporation's own stock,'*
Corjjnmtion's own swek IT. . . . . .
7,514,017
W.131
1S3.570
1.&32
41,291
19,984
M.D70
123,27*
1.382
34S
1,258
10,05^735
3, 720, Ml
a. sno
2
1
3,251,304
206, K7
33,736
fl
t
882
170.708
276,700
S,9S»
433,093
1,0TO! 891
A, aw
222,294
4.402
W.W4
S3,378
753
ft). H.'tS
B52,271
40.796
2Jt,534
3,069,69*
1£2 V54
2.419
92; 972
361, Ml
i
For footnatca, ace pp.ftfi,69.
STATISTICS OF INCOME
no net income, and by major industrial groups: Number ofreturns•, compiled .. , .
normal Utx, surtax on undistributed profits, excess-profits tax, total tax, and dividends
thousands of dollars]
describing returns included, see pp, 1-0 and 19-20)
RETUENS
Industrial gioups—Continued
Manufacturing—Continued
Liquors
and bev«rases
(alcohcitie
and noEI*
alcoholic)
Testile-
mi]]
products
3.111
353
1, 77S, 477
3,280.331
Clothing
and
appaiel
7, SO*
^sai
2, 134. W •
50,370
1,215
l,fp&)
Leather
and its
manufactures
Rubber
products
2.3M
tt4
1,312,824
1,078,321
Ppcest
products
6,475
2fj!*4I
4.33S
6,S27
Pnper,
pulp, and
produeis
2.250
1
1,837,071
2
S
<Co37
4.140
K
S
759
11,104
i
£
4^ OfI
1,097
P12
3,646
60H
6,409
J.OOC
10,582
8,232
1,213
3,845
12,412
962
331
B74
361
1,775
1.680
242
62
121
SO
497
122
722
331
W
11
1,301, 71S
4.523.JS6&
2. 240, 7fi2
L 331, 847
1.107, 03)6
1.63a 400
1. BS&3U0
IE
053, 267
1,873
7.04*4
1,575
816
5.088
$4,442
3,660. 506
32,145
l r 1OS, 7B1
3,783
as, 137
8,153
3.125
805 374
1. il& 422
L, 33% 649
35!rdB
75.272
25.522
13
14
9,959
3.SSS
3, ,179
16, 737
44^ 495
S2iB4,2
8,625
11,23S
IS. 460
37,713
3OR
12,204
184
21, pei
28
«7
1,532.203
1,013, 273
$,770
32. Iy4
7,0.10
13,960
264.451
11,700
1,962
L1S9
I,F(73
3SS8
1^865
17^380
9.02a
27: 894
74,904
s, 7tre
7
10,104
15.116
7,53*
»!43S
17,964
lfl
11
J.S
IV
573
ao
i7fi2
322
342.103
21
22
23
34
100,60S
1,007
1,130
413.640
411
10,052
86
420
250. 710
143
133,702
164.120
3S5
43. 778
30. 889
852
327. 604
I, 176,873
4,434.930
2.235.890
1.310. 6S8
1,063.213
I. $62,166
1,760,0ft
£5
146,814
124. 872
03,032
13.872
21,1.59
43..B22
63,234
12S,32fi
36
14B,348
124. $00
98. K I
IS, SOP
21.037
43.742
67. 630
12S. (]O4
27
22,4*2
1044
956
17, 731
S36
78
4.542
614
100
5t 152
1,089
131
11. S14
2. 0&5
18. 9L5
4. 116
28
4\236
4.054.
ao. oso
IS, 346
27. 153
0. 104
a. 257
fi.372
14. 4S5
117, 7S4
106.227
71. 479
8. TiM
15.9P2
eg*
108,911
133,036
23.336
3a 127
6,568
3
4,670
952
229
603
4!>S
288,507
200
7,450
1
48
116.049
1.67S, 389
'as
GO,
re
SO
31
53.749
J 04.837
32
43.359
sa. 013
QI.810
33
1,602
1.7S3
5.S54
3d
60
STATISTICS OF INCOME
3,—Coryorationa, 19371 in aggregate and by returns with ne£ income and with
and compiled deductions, compiled Jtet profit or net toss, net income or dejleii,
paid—Continued
[Moneyftanre*|q
PA Tit I. ALL
Industrial groups—Continued
N umber of returns"_Receipts, taxable
IACOIDC:
Gross sales J .
Gross receipts from operations *
Inteet
nteres
Bents
Net-capital gain
XHvtdeiids from;
p
Foreign corporations *
Other receipts *.
— .-.,..,
Receipts, tax-exempt anj taxable income:
Interest on Government obligations:
SntsJect to «xflC3S-pTofits tat •_,_.
Wholly tax-exempt'
Total compiled receipts °,
Deductions:
Cost of goods sold m
Cgstof operatiuiis n._.
Compensation. oJ otficAta. ^ , . .•
^
Rent paid on business property
Bad debts
Interest paid „
,..
T
p&id, other t h i n iiieome and
flt
t«
Contributions.-or gifts '»
I > J i
S , fi77
110, 5UI
3(1,171
15,334
17,8*1
50,620
73*
4,74fi
5,957
4, 223, 401
5, 287. B3S
1, K36, 68S
IS, 34a, 3*0
2,680,026
0,781
3,47 V, vna
10gf 758
]3, 1
30.741
49, SIS
17, ii21i
30,783
154flTO
71510
0*
1.QR7
4,330
aso
Total tax.
Compiled net profit less total ta» C36 loss
an.
Dividends paid in:
Cash und nsseis other than corpora.-
, 439,4Tfi
441
S64
759, 131
TgtRl compiled deductions
CfttnpiJed net profit or net loss 0 2 less 25)
Net income or deficit '* OS loss llj
Normal tn%
...*
Biirtsx on uadisiTibuted profits
Excess-profits tax
Forfootnotes.,see pp. 6S, 60,
1,78S
1,31s
47,3B2
350
peU
Net oanlt&l loss '"_„.
ueductioDS
Corporatloa's own stock
«4, 204
lf
10, S0&, 32fl
(H,932
S70, 589
53,371
SI, 375
135,173
S€ 142
"72
228, S76
HIT, 555
4,632
300,193
764, 2L0
5,007,900
2,3151,176 |
1.310,530
U7. 046
jcusja
30,213
21, fllG
795
27, .544
G4, I M
34,951
340.321
376, 26S
2/7,123
I3h«73
6,113
38,830
61
STATISTICS OF INCOME
no net income, and by major industrial grou-ps: Number of returns, compiled receipts
•normal fax, surtax on •undistributed profile, excess-profits Sax, total taan, and dividends
thoutnda o
nued
Industrial groups—Continued
MaBU (hcturme—COD .
Motor
vehicles,
(S(lBipl&t&
or pafts
Manufacturing Dot
Fioitnoe—
B a n k i n g , [nsuraaco, real
e s w t d , holdi n g cottipanies, stock
a n d bornj
bnjbers, e t c .
Nature of
business
not given
CoDStTUCtiOD
TransportattouaiKl
other pulllie utilities
16,864
24,672
143,034
60,208
117.07&
1,088
12,82fl, 4,',3
1UH, 939
^,S10
3@,S4.L
1,23i, 102
i 543,126
14,676
17fi,647
15,417
u 3, 44E, 140
2, 2a«,S2S
1,001,751
l«ft h 73t
T,87&
17ft
353
207
3J,54S
3.030
47h $11
1,001,794
34.163
147,457
4S4
5
6
7
g
»
elsewhere
classified
S07
Trade
Proreasion»], aJnusements,
hotels, etc.
1
2
3
4
4,632,040
7,174
4,428
5,081
3,345
1, 780,800
22,748
4, 60S
3,303
7ft9
1,003, 37»
1,414,075
4,7*1
8,279
41,580
27,461
29,902
10,200
1,M3
13, 4S2
0 ( IS2
ill
20,051
1,244
1,0515
7*8
318
4, aia
&867
3,284
3,280
710
1,169
440, S6H
3
12
10
11
4,7M,«0
1, 838; 957
13,457,399
45.4W,fl«>
4.S3S, 473
" 9. 393, 578
9, l t »
12
3> 804. 008
1,239,043
15.837
14.372
2, 4^5
7, 776
44, 510
%fm
54.081
12,W7
7, uo&
7,308. 772
csaiaoa
1B3.161
28,951
1, 230, ISO
959,950
S7i,fl36
662^590
1S,\44S
l ^ . 4H1
3"JS,3ia
1, 679, 8&4
a3OJ4O4
£49. »32
29. 751
346; 100
267, «2]
" 872, £23
» 4L1T493
1*1, 7S2
6,364
tfitl
SOB
533
«73
3.*
7, 617
811,082
1,12fi, 644
110,310
12, «M
10,720
12,OBO
3^F4(J8
11)1.
312, A<)4
445
36, 653
61
372
313,727
393
47,926
3S7
1. 3SA
247, i!7q
S,350,[)2S
1,722,403
404. 4fl2
402,707
7fl9
63, 3G&
5H, flfiU
8, 541
3», cri
324, IBS
2,329
63,438
104,307
23, SIS
SSW, 630
439,8«a
G,fi22
l,S4a.O54
I2S.250
" i, 130, 87fi
3F7&3
44, 60^ 693
4,921,(542
*] 7,011,557
12,fl47
25
l, im,«H4
1, 093, 017
S37,S«
IS, B31
15, 561
1,782,021
1,341,153
« 3.479
" 3,4HO
20
27
184 01S
10,411
132.542
2a 176
20,314
6, 194
1.I13S
m , 306
25,144
3,735
M>
5
e
28
29
30
18S13S8
91
31
4, 136
263,793
iFnsi(i.(t7S
3,414,329
1^, 3aSr lii&
Mfi, 5.14
110,238
4&, S3S
47,573
18,345
4, 100
83a
10,349
3,749
23.27(1
14, 617
lflfc, 179
93,2*4 "
33,9lfi
903,505
277,071
86,961
S3.441
1, 3W, 7S8
1,282
1.07S
<826
25,234
&
14
IS
16
17
IS
19
30
21
22
23
24
1, 7B4
3B7, TSfj
£10893^40
IS
3
217
2
7,260
274. : m
1,538
7h30S
0,020,543
1,402
T9
3,3rs
3,^42
907, ma
IS, (W*
338,736
ftfl,V26
S«,757
M.534
meas
7 is, ere
H0LZ
34.140
1SB.7M
s+17, 315
1.642,235
159,834
i^e^sao
2,SB1
" 3,570" 33
2,70(1
1
3a
62
STATISTICS OF LSTCOME
sijj^iu Z.—Corporations, J£37% in aggregate and by returns with net income and urith
and compiled deductions, compiled net profit or net loss, net iitceme or deficit,
paid—Continued
PART II. RETURNS WITH
Industrial croups
Aggregate
Ifl2,02S
Nuirft>erof returns i.
—.,.
Eacelpfs, taxable Income:
Gross sales»_
..
Gross receipts from operations»
Interest
.
Bents
, —Net Capita] gain
Dividends from:
4
Uomestl<! corporations Foreign corporations >
Other receipts *
,
,—,.
Becoipta, tai-txttinpt and U.*ftkte tacomeInterest cm Qovemiuoat otKgations:
Subject to excess-profits tax'__.
Wholly tax-exempt'.,
-.
Total oomplled receipts *
Deductions;
Cast of goods sold •*
v
Cost of operations H
._
Compensation of ofiicers.
Rent ptdd on busioesE property
Bad debtn....,
,
,
Interest paid
aid, other thsD Income and
related
tries
il.Mft
3364
8,0*4
U?
Total compiled deductions
Compiled net profit (12 lees 25)
8.631
1.5,713
si, on
53»
W, 646
2.WS
it. 951, 36 A
69firlftl
09,105
101,24^
S3, Die
502. 77(5
00,730
282,144
B0n 896
8,6-59
10, 357
1,801
3T,S(M
Hi flfll
S09O
13,704
1.319
1,13S
M, 464,912
7,277,879
00,043,434.
"6,994,684
1" 1,018,983
1,046,100
422,995
28ft, SR2
15587
12.3S&
13,851
5,8*3,782
2,650.539
IB, Ofll
36, 77«, M3
270,001
V47, 369
2]fl. 410
133, ISO
287, 725
1,201, 063
13,371
1,135.991
177, 7M
5,078
8. 892, 860
1,110
0g2S3
I,fi64. SIS
2»1
^441,746
413,054
34S+3
*, us
330
4199,364,3150
Mormal
tex
,
Surtax on undistributed profits.
Excess-profits tax.....
yoc footoetes, *ee pp. 6>S, e9.
213,103
632.233
N e t income '» {26 less ll>
Total tax
Compiled net profit l&ss total tax CJfl
lees 311.
Dividends paid ID:
C ash, and assets other than oorporatton's own stook."
Corpotatfoa'G own stock IT
41,974
109,302,739
211
Depletion
Ket e p a U o s a
Otber deductions
Mini red
products
2, 63fl
432, fllfl
62,15fl
E.67Q
7,277
3,909
1
i
and
7,308,774
170,945
1,1923
6^19+
27.044
267
580
STATISTICS OF INCOME
no net income, and by major industrial groups: Number of returnSt compiled receipts
normal tax, surtax on undistributed profits, excesS'-pTOJUts tax, total tax, and dividends
thousands of dollars]
NET INCOME i«
Industrial groups—Confirmed
Manufacturing— Continued
iJqllOtB
eiaeee
(flJcohoJio
and nonalcoholic)
Tobacco
products
mill
products
Clothing
and.
apparel
Leather
and Its
manufactures
Rubber
products
FWBSt
products
4102
1,383
1
Jf 60^388
5,805
6,023
3,003
2,230
3
3
4
40T7
l«
16(lrt3
753
0,730
7
S
ft
119
20
419
227
703
316
10
11
063,226
1,012,06ft
1,453,153
1, M7,1&4
12
780,265
£70
18,743
S, 613
1,980
3,180
13.313
738,535
131
7,059
3,280
*11»
1, 047,305
7,52V
38, C2S
2S5
1*1
10,337
1,144,729
It
1,422
14
33,421
V, ft4& IS
16
11, SM
17
14,665
IS
27,909
1&
5 53
20
£1
A3,424
l.sas 22
23
215 24
l t 633
14«
3.01S
2,790
1.023
320
1,494,069
1(244,<M7
2.6C5
C03
2^572
566
S, fl*4r 7B0
20 r 944
4,277
8,1(W
1,002
1,412,322
1(5,035
9f53
l f 34ft
213
951, 216
2.0*1
MS
SJ7S
230
2,441
4,493
450
242
8,270
1,210
3,710
•10. 371
8,815
1.293
211
7,151
1.S31
7
5,747
13, 752
615
1,038
11, 466
2J9
401
22»
SC4
145
78
1,5S», 713
l,26J3vL33
1,439t318
SW, lOfi
3,013
25,672
4h0L4
4Tfi99
0,302
220,454
1,752
£,093
1.3S7
B9]
4,0l§
S3,273
14,621
£4,195
8 ( 2M
3,952
14, f.40
50.3M
3,331). 3t 10
*, 93*
44,501
13,^30
S, 376
4.. 17Ji
16>4«3
BS1
26,613
lfi
198
7,040
37,070
33!i,9«&
31
100, «63
1,800, £43
1,13fe, 131
193,170
182,700
11,235
2,474
4, 309
837
6,433
17,243
2. 358, rW
Paper,
pulp, and
products
41,20a
1,411, sat
15, 70S
3,114
4,751
H), 429
37.B3D
ft
6
56
1B2,1O1
31, 7M
21,608
424
l«^63e
928, MS
964,000
1, 364, 361
209,250
l,«06rS34
25
H*77
47,430
47,454
03,766
83,568
1*1,350
140,044
87
5,]fi2
#21
12?
4,542
014
100
11,414
2,085
18,616
i, US
70S
XQ
27, 16*
6,104
^,257
«,372
14,495
23,439
31
109,367
14ftr649
S7, 79?
39,430
41,108
79,311
114,921
32
108,763
124,638
22,033
28,956
42,837
«5,63S
91,102
4, £74
344
103
1,516
1,638
^8*4
33
34
274,104
0,213
&7
144
160 556
21
34
2,546,136
1, 406, 918
1M.W3
120,643
iflT, Sfi3
166,358
32QO0
32,845
S2,4ft2
5,844
17,731
833
78
21,660
4,236
907
M,0H0
13,645
134,088
fl,E68
I,fl3»
131
90
64
STATISTICS OF I3TCOME
T A B L E 3,—Corporations, 1937, in aggregate and by returns with net income and with
and compiled deducti&u, compiled net profit or net loss, net income or deficit,
paid—C tmtinued
[Mattery figures in
PART II, RETURN'S WITH
Industrial groups—Continued
^Printing,
publish- Chemicals a m l o t h o r . „, --••--'•.
id
and allied i mineral
clay.ajid Metal and
its products
allied
products I oilprod\
ucta
[ndefltrtea
1
Ntunber of returns >.
...JJ.O, taxable
Incomer
Gross Sales i
,-~'
Gross receipts from operations *
Interest
Rents
Net capital train
—. —
Dividends from:
Domestic (OTporflttons •
ForoiKu corporations *
Gthfel receipts *.-.._
Receipts* tax-exempt and taxable inoome:
Interest on Government obligations:
Subject to eicess-cffoflts
t&s T . . - - ,
Wholly tax-exempt J
Total compiled deductions.
4,227, S7B
220,745
13,230
2S, 0-53
SS3
IBs -437
80,900
8,419
21,472
134. « 2
5,203
22,059
,6
] , 124
2, IS7
1.V01
439
890
3.384,889
4,339, IG9
1,317,881
1,13*, 0*0
41,062
76,191
24,003
9 a
U.358
1, 2%
35,088
21S
477
\f 734, 710
Compiled net profit {12 less 25).
Net income is fSe less ID
184,946
1*3, 621
Surtax on undistributed profits.
K f l t t
4,352
B72
E7,544
Total tax.
Compiled net profit less total tax <2fl less
31).
i d e d uwc a
CttBh and assets other than corporation's own stock."
Corporation's own stock !T
^^
F*w footnotes, s&e pp. 68, 39.
3.733.636
21, J07
10, 491
A3«0
92.761
4^597
8,1*7
1,907
Total wmpilefl receipts*.
DBdaetloms;
Cost of goods s o l d "
__
Cost of operations " . . .
.
CompeosfltiiHi erf nffioers
Kent paid on business property
Bad debts
Interest paid
TBSJBS pntd, other fclNWi
income and
eicess-proflts t&xts.1*
ContributiODS or gifts IS
Bep.
Depletion
Net capital loss ' 4
Oilier deductions
334
5,117
2,451.470
4. 74JS
fift, 231
ll.fiJS
101, «9l
28; 2M
7<&
4,521
5,771
14,047.
Wfl3S
17, 77fl
Stt, 387
1,027
95092
4S6
47,100
TTSO
378
185,600
SS4. 422
3. 435. ES3 ] 4. 337,
159,306 |
1ST, 11^
301. 778
300, SIS
56, 536
a 605
1,013
30,213
3,643
736
34,951
Ift7,402
395,162
2I5K, fiSl
123,937
344, R2fl
£73,720
2,360
P
33. 135
17,432
6,274
6,043
155,.HO
!(«> 171
161,524
1,387,121
1,381, 350
5,4*6
240, S21
12; 870
1. M6. 300
115,560
S5S, 703
38,7W)
STATISTICS OF INCOME
65
no net income, and by major industrial group*; Number af returns, compiled receipts
normal tax, surtax on undistributed profits, excess-profits tax, total fax, and dividends
nd* of dpi la**]
N E T INCOMEi
Jod us trial groups— Continued
Manufacturing—Con.
Motor
vehicles,.
coJnpletc
OT p a l t s
Manufacturing n o t
tNewhefu
classified
TransporConstruc- tation and
other pubtion
lic utilities
Service—
ProfeseiacalT amusements,
hotels etc.
Trade
Finance—
Banking, insurance, real Nature at
estate, bold* business
Eng companies, stock not given
and bond
bioters, etc.
381
2.106
0.103
30,856
42.432
19,191
43,531
173
4, 437, BOO
6.220
3, $10
5,4U5
3,128
1, 475, 724
13,460
4,136
CM, 774
1,002; 7S6
2,545
4,CIKU
2,*44
6, £44, 458
72,023
yS, 121
22,003
31,513,560
837,014
73,850
OS, 326
&,037
2,*JF,fl47
7,051
6,7*2
" 2,3S2, 09B
J, 303, 330
*3l. » 3
126,013
2, £04
BS
Si
ISO
41,371
27, 4fil
28, 752
0. 319
1,722
10, 318
338; 0&7
^,455
441
23,3SG
1,500, 802
83,143
85,272
Ki
107
35,408
2S9. 719
1,574
37,083
1,244
1,091
774
308
776
4,220
7,189
2>ffT6
2;ttW
1,510,020
1,688,827
9,041,339
35, 060, *50
3,733, 203
i,oofl, oao
SM,4dG
3se
13,329
6, US
1,<E»
6,137
41,550
3^790
39, 98C
8,299
5,290
!5. 2S9
32,6U7
7,378
5>37S
6^171
777
57, 757
787
73
288,271
4oa
307
23,705
17
188
252, (137
17!!
4D1
1&3.QS2
4.13M<6
1, 36% 044
417, B05
415, 814
138, 976
130,66$
$hMl
flB6
18,245
4.190
S3S
Bflfl
2
*o. m
183. 1&7
2, 628,0] 1
27,122,080
i . ooa, fiST
&.V23Q
S4,4l>3
10n34S ,
2, S67
1, 402
3
10
11
3, 071
" 347, 466
>' £06,370
94,399
124,406
52S. 5S9
233,101
1,903
1, 3Sfl
3,475
119,309
1
51
^7^340
124.31ft
103,266
302,363
:i, :iio
714, 673
i^ Baa
fi, SIS
1W, 2ST
i,inn
nw,*oa
4,672,314
«
3
O
L* 6,182. 563 |
888,400
133, ISO
134,312
9,353
01,605
104,644
4
2ffi!
173,621
4r 399, 123
07, 013
lOGiOZO
20, E&2
660,030
675, RS7
BUT
368,550
1
&
11
34
70
12
13
14
15
1(5
17
IS
IB
172
801
23,322
607
20
21
2223
24
2,309,851
"3,856,606
3,007
2fl
664
Ij61
as
7,.i3i,ne
33, 992, ESS&
1,610,210
1,503,021
1,0(57,764
1.004, 7(i&
236, a«n
225, 720
2. l « , T9S
184,018
10,-ill
3, 749
13?, s*a
2», 176
95,314
6,194
1,638
111,906
35,144
2,735
so
5
6
28
29
30
91
31
85,736
33,270
14,617
](«, 17fl
351,779
113, 70S
70,623
1,312,031
IBS, S36
3(rt>, 37& i
34h U S
159,7«6
192> 213
3,188*177
27
32
1
51,170
27S.*40
1,382
1,521
4,
ft!7
1,330,037
703,016
1*5,579
1,730^239
26,3 91
23,97*
2; 436
20,943
1,020
33
34
STATISTICS OF INCOME
TABLE 3.—Corporations, 1337, in aggregate &nd by returns tpith net income and with
and compiled deductions, compiled Tiet profit or net losst net income or deficit,
paid—Continued
PAST Hi. RETTJBN'S WITH
Industrial groups
Agriculture and Mining
and
relted
l
India* quarrying
Number of returns '
,
Receipts, t&xattlft Income:
Grass sales»...
~.~
Gross receipts from operations *_..,
Interest...
Bants.....—
--•
Not capita] gflln
TMvldeuas from:
Domestic corporations ( . _._...
Foreign tctperbtions *
,,.
Otter
receipts*
__.
Receipts, las^wmpt and taxable Jo
come:
Interest on Government obligations:
Subject to excess-profits tax ' . . .
Wholly tai-ejcempt>
,...
Total compiled receipts *..-.
Deductions:
Cost of goods sold i*
Cost of operations «
,,.
Compensation of officers, „ , _ . . , . .
Rent jpald on business property. - Bad debts
,-,
_-.
Interest paid
Tares pEVid, other UUD income and
excess-profits taxes i*
_......
Contributions or gifts »
_
Depfreciatitfii
,
„___
Depletion.,,...
Net capital loss i*._
...
Otter dedncttona
_.
Tetal conipDed deductions
„
Compiled net loss (12 less 2S) ,
Deficit '* &> lesin)
Dividends paid in:
Cash and assets other than eorpcurstioii^sown stock w...
_.__
'
'Far footnotes sw pP- 08, Q9.
i?
_.
Total
manufac-
21,828,800
i< SF 621, SS4
1,131,661
801,875
194,141
4?, 952
1,42a
msia
1,364
836,717
110, flits
4,451
1OS£3
S.605
167, 634
6,285
£70, SM
1,31*
0
149
31, 611
3, IM
67,204
578
1,009
1*000,908
10,889,(128
3,77fl,B(J5
M3, 83ft
25(1. R22
S4, 937
Food and
kindred
products
10, S03,
C66
1
is. !, 409
12, 505
27rB&7
7,703
170
IKU
. 640
181S1.333
351,229
] 54, 641
23, 0fi2
ft. 7*8
309
1,33% 990
13,135
036,408
67,773
IS, 34ft
4.407
7,655
30,633
15,035
3,304
0^374
110; 232
J29.70B
: 9
79
12,8155
1,195
23
42,040
236
57,431
W.370
3,342
3^258,927
2Si, 707
2; 01Sh 1S7
33,475
S3, S93
128,13T
128,968
315,243
17f 725
773
10
W,4M
1,606
»5S38T&9
sa39
SOT
E40, 3W
3S,83
11,
1«
B3, 077
B3e<H
67
STATISTICS OF IHCOMB
no net income,
>7n4t and hy major industrial groups: Number of returns compiled receipts
normal tax;, surtax on undistributed profits, excess-profits tax, total tax, and ttivid&nda
tbdTU&ndfl of dollars]
NO N E T I N C O M E '*
Industrial groups—Continued
Manufacturing—Continued
liquors
arm beVeiBgCT
(alcoholic
and Don*
alcoholic)
Tftbaemr
products
Teitil*mill
products
Clothing
apparel
Leather
aa<3 its
manufdcturcs
3,478
313
1400
5,120
1,311
284,103:
4,7flfr
261
766
SGI
315,284
17fl
771,718
361,60S
3,772
a
1,471,fiB4
27,fl37
l,6fij
3, 593
960
66
4
1,767
13
3
133
2,141
611
8,730
93
71
fll
HB2; 490
36,712
l f 617, 680
17*, 1ST
28,881
1S1
1,310,754
17,534
32,581
0,062
S,07i5
13, 2M
43,098
23
50
82,fiGO
1,3&3
ny
134
170
1,190
2
410
1
17
n\
393
162
2$9
2,119
16
7
in
6,002
1,671
2, 331
3,958
2S1
343
227
25.S07
30,710
u.sez
24,526
100
33,530
19
804
I3DrM5
2,470
3,35fl
7,40963
3,839
39
BS8
90,142
IS
46
322,515
2.W1
9 r Ml
2, M0
1,159
2,340
4,4^3
23
3,SS3
es
e»
prodncta
Forest
pTOtlu-CtS
Paper,
pulp, and
products
1
3,373
Cfi,tt7
l^B
S3
119
86
4*2,709
10, 73»
1,218
3,076
»99
233,303
2,070
91*
1,13-2
136
2
3
4
S
113
434
721
20
3,051
240
1
7
S
g
2
54
47
77
19
&
94,865
472,242
241,190
76,739
i9
2,000
flO2
400
3»5
3Ufi;02T
6,758
14,214
3,043
1,609
8*031
187,930
1,56ft
ft, 208
1,794
1,130
8,021
3>22S
4
2,fl31
24
U 033
10,182
39
14,024
4,646
11
8,332
eTisto
42S
ior
10
n12
13
U
16
IS
17
18
1»
so
98,323
497,804
32,953
353,230
21
22
23
24
25
30.% 8W
38,74*
t.Wfi.SOO
328,473
32, SIS
B33.H0
L 6,355
10,421
4,030
2,040
W;374
10,02a
19,036
13,518
13,664
S, 7L2
2S,M2
25,640
12,034
12,039
26
57
1,304
S
1,171
523
2,375
9a
707
fifl
30
03ft
H3
m
68
STATISTICS OF
TABLE 3.—Corporations, 1987, in aggregate and by returns with net income and with
and compiled &edvGtit>n&y compiled nst 'profit or ««i toss, net income or dtjirit,,
p aid— Continued
[Money Afmres in
PART III. HKTtJUNe WITH
—Continued
— Continued
FrtJi,
publishing, and
Hlted
and allied
products
Nuffibet uf -returnsJ
Receipts, taxable income:
drosssales
«...
Gross receipts from operations i
Interest
,Rents
w_
Net capital Katn
d i i dends
d frfrom
D LHnestic corporations '
Foreign corporations 1...
Other receipts *
„__.Receipts, tax-exempt and taxable i e
Subject to ejoscss-proflts tai '
Whll
t»
Total compiled receipts!'
g a
KeDt paid on business property
Bad debts
---,
,
latsreet j>ald
Tajrs paid^ othiat tLuia icoome
eicessproijfcs taics ]*.
Contributions or gifts !>„
p i i
3 > J | Q
Net capital loss n
Othw deductions.
Total compiled deductions.
Compiled net loss n.2ls5s35)_-_,
Deficit " (3fl less HJ
Dividends paid ia:
CA^h -i*Tid assets rtther
tba« corporation's own sttwk I0
_
Corporation's own stock «
mineral
oil products
SSI
435,303
70(9
Stone,
clay, and Metal and
its products
*1HSH
products
2, sea
4 , S7B
3a
27.053
2
412
3,885
13
5, C9B
1,606
2S
210
2,373
LOT
337, 512
soldi*
Cost or oytret]uns
C
C p ets a ti i o n of oQcors
and othfT
MB, flBO
SIS, 002
1,301,421
237,550
4 l
5,409
965
9,761
32
315
506
6,776
1,823
18
3,702
75
1
1
Excludes returns for inactive corporation3.
dross saJes less remrns and allowances wtiere inventories are au irKsotue-determ1n.ins rector. For "csist
of gourts SJU1T' see "dedii£Ufln£."
3
Gross receipts from oiiftracion.3 where inventories are not an inooine-deteHnining taatfit. For "cost of
Operations," see "deductions."
* Dividends from dMtMWtic oorporatiOTis subject to taxatioq under Titlt I of the Rex-enne Act t»f 1B3-6
(aoliiinn 2, schedule 'F, p.», korm J12W) whicb is tho auiouni used fnr the compntatiaii of dividends rocni veci
credit, t^ividends /r<*ni eorTMrfltifirs rJTBanizftd ucdpr the Ctiiaa Trfl.de Aet, 1022, RILII •cnrporatlfln.s entitled
to Uie beneflta of scutfon 2H1 of the T{evenu« Att yf 193S aro included In IH«ther refcipts.J*
* 1-ncluded in "other receipts" Tor 183fi. Roportati In column 3 schedule Fr j>. 3, Form 1J20, and not used
(or the computtitfOQ of divitlendis received credit.
* Unlike laao. excludes "dividends frui" foreign eofporfltinns."
1
Consists of interest tJn United State? savings bonds and Treasury bonrts <twnert in principal amount
Of over JS^KM), reported *a item 8, suhc-iule A, p. 2, Form 1120, For l«3(i, this tuuount also inthioe^ intorent
on obliestioas oflnstirutnontalitfeB of the United States otner thuj) CLosti tHsucd under the Vedtral Farm
Loan Act, or sticli Ace &P Bmerudtid^
* Consists of interest on oblteiuions nf Statas, Territories, or political subdivisions thereof,OTthe District
of Colntntoiaf or T.'nited States possessioiis, ublinatiaas at the United Sr^tes issued on or before Sept. i f
1317, Treasury notes. Treasury l>llls, Trp.ASitTy oertifitates of indfitiUjdnoss, Unit* il Rtaics saving* bonds,
and Treasury lionds owriwl in principal amoants o( -15,000 or less und <ibligations tit instrumentalities of Llio
United Stfl-les. For I9(3ts» inleresl QJI obligations of IrucriLinentalities ol the United States ot.hpr thfin thnse
issued uuOcr tlie Fudt^rHl Farm Loan. Act, or such A.«t as amended, wu« piitijrirt to the exctt.svj.irou'ts tin
eenftte7>
11
Eiclurlea Eontaiable income other than interest on tax-exempt obligations reported in schedule U, p. 2,
Form U20.
69
STATISTICS OF INCOME
•no net income, and by major industrial groups: Number of returns, compiled receipts
•normal tax, surtax on undistributed profit excess-profits tax, total tax, and dividends
NTO N E T I N C O M E " — Continued
Industrial groups—Continued
M&nufcjcturinK—Con.
Motor
vehicles,
complete
or parts
Manufacturing, not
elsewhere
classified
Fintktica—
TransporConstruc- tation and
tion
other puiillo utilities
T»de
Service—
Professional, amusemerits,
flotela, etO-
Enaking, in*
aarance, res-1 Nature of
&sute, Lold- business
Ing campaxLies, stoc^ not given
and bond
brokers, etc.
426
3,3lfl
10.751
13,313
80,652
+1.017
73,408
lh5i0
1H540
954
305.07H
618
270
£17
,•02
Sfifl
113
348.503
411,287
2,187
4,1B0
1,441(1
i, 281,999
30.9W
an, (ins
9,8M, rl84
3S8, H«9
12,60(6
17,306
3,J4D
2,044. 781
7.IS25
115,5*7
i» 1. DOi. 443
l,0.WJ4SO
580, IBS
M,S23
4,SHl
77
271
57
US
391
81
2,f>74
H02
4
6,185
34,449
T&546
U 139
1,559
34,1W
91, SGI
1,11,1
] , ISO
1
13
KO
1,473
308
£81
SSI
533
56i92fi
256, 701
10,3T9r 490
2.312 463
LS 3, 211,000
5.4*7
12
& 342, i l S
237,081
2S4,5S0
7«0, IBS
07.274
» 615,307
» 144, 62fl
3,441
RS3
377
i*
15
16
17
18
S
3.937
26,333
1*7,007
319>03T
rr4, toe
4,416,490
171,371
52S
2. .108
1. 1$V
233,8f!3
6.074
14,9-JS
4.203
2,3F8
291,563
33Q,743
40,^14
5, 526
6,341
5,8W
a,00&,$6L
37.&S4
54,132
8,099
570,100
] r B38
3,C4S
1W,^O
40,097
40,lffi
na,a20
53,135
.w, a,^
27
172
1
2
3
5
6
T
a
a
10
u
19,397
]B1,3SO
17V, 140
373,0&1
207, 767
flOt
144,399
1.065
09,92$
'f 1,931,522
s,ise
20
Si
22
33
24.
'13,754,951.
B JlO
19
2,959
12
5,612
£
28
24,323
S, 7S4
40
6,847
36
183
fll,6fll
10, SB*
76
lfl, 5D3
208
7U1
9123*
284,303
2.1S
J93.831
fi, 045
2,676
6OS. 424
4,000
1,364,2^1
162, *V7
STfl
lfiO,2SL
288
5,761
e85> 171
210,950
330, <5fl
810,741
4,62s, 007
1 MIC, 007
2,421.^1
9,640
25
13,013
13,047
20,422
30,430
3fl,704
3^660
iOS. 526
410,004
230, £17
230,763
209,529
210,064
543, 943
802,013
4 T 143
26
27
2,261
9
30,721
43
15.601
1,038
7, 265
SO. fK>l
13.340
1,686
1
28
131
IK
10
11
li
773
7JS324
i.ee
tl52
Includes taxes which ftns reported In "cost of goods sold." For nwtHcul oJ tabulation, see l>- 2dH
Includes lassjs which are reported in "HOKI (if npcrnttona/ 1 For mcthoii <J( tat>uJatio«if see p . SOEitlutkiti UkxcK tabulated under Jleost of fiotxls sold" and "yost of operations."
n14 Limited to 5 percent ol net Incymo boforo dtxluciJon si pan tri hut ions or gifts.
Fnr lUiiitat.l-an on amniint of Dot capital loss thAt tnsy be allowed, sue section of this report eatitled,
"Revenue
A^ts of I9J3~37," otc-, pp. 224-225, uota S(ti).
u
'"Xet inw>ujt'" at "deficit" is the n*t income for eswss-profits t a i camputation (ibem 23T sehudulo A,
p. % Form iia>) n-hk:h i s e q u i l t o tbf JiiTwence bet^uun "total iatrouifi" and "total (leduetions" [Items 14
4nd 77, resyrtlivcly,
schedule A, n. 2; Form J.I 30). The classiflration of the returns into those "with net
lnnome" and Hlu-ith no net; iH-eoni*** is b:^u*d on n»t iucoiu&fyr cxvoss-pro&ts tax oomjput»tl(>n.- For CHiniparisou of the ajuaunts of aet [neomp fur 1937 and 1G36 -jlth thos* for years prior to 1936, see p- 3- T h s difference
between 1937 and Ifl3(i In thfc baie* ol the cJassi£catiL'Q erf the returns Into tnasc " wltli not income" and "with
nownet lawiue" is statvd on p . S.
C!oiTeBn€iri<1a. with "c*i*h dividends paid" for 1030,
17
Torre-ponds with "stock dividends paid" for 1936" lEidLttUta for a limited mimtwr or returns tli* cost a! &i>(;iiniws purchased for ru
" Excludes compensation of officers of life iiksur&neti cojnpunics which file Form
a t u k s s «^«uial aoofti
T H c e wnnpsiries,
inelLidoa for a limited number of returns thu cost of secuiLtiea purctinsed fnr customers and special non
ftipense items allows] lifi'-insuranco ctomjtcinlo^ hijt. excludes compensatioo. of officers of lite-insuriiiw Mia
JlftnIts which file Form J130L-.
**
Less than SM0.
M
(Compiled nrt loss or deficit.
11
HJIMSSS ol tutal tan orfr cumjiiird not profit.
" Gotupilcil net loss plus total tas.
70
STATISTICS OF INCOME
4,—Corpo«Utons mbmitling fatUmee ahevlm, 1987, by mayor
i n d n l
and liabilities as of Dec. 81, 1937, or close of fiscal year nearest thereto,
or deficit, normal tax, surtax on undistributed profits, excess-profits tax, total tea
[For text defining certain items nnd
Indastri&lfiran pa
nltHinf. anrt related
industries
Net Income
237,93?
Number at returns wit* balance abeets i
178,635
Assets:
6.5W.Z47
Caoh*
_.
17, 747, DM
Notes and accounts receivable (1*33 reserve
10.0B1.3W
301307,074
lor bad debts)
14, W7, 898
In-? enterics
___„
12,TOO,735
Investments, OovWUjmaDt oWigatlons *
Investments, other than QJTerrtment obligations'.
,
31,0Sfi, 209
Capital assets—Land, bufld Jnps, *qttfpment
(less depredation and depletion)
,
», 35!, 802
Other assets
—
4 54fc 317
Total assets*
„
197,303.950
Liabilities:
6,365 S B
Aetounls payable '
9, 3&2, 858
Bonds, notes, mortgages payftbler
4, a i l , 724
Maturity less than 1 year f
3», 240. 267
Maturity 1 year -or more ' - . , - r
Other liabilities »..„_.__„,,.
43, 111, 75S
OapStalstfiflk, preferred
1,905, £38
13,868,617
2*. 778, BOS
Capital ttock, common
,
„
5S 6fi2M0
IS, 061, 632
Surplus and undivided profits tB ..
4n, 4S2, 34V
10, Ifla^ 603
X*ss deficit Ji,_
24&09M
Total liabilities *
a, 350 105, 7fl3. BBS
Beceipti, taxable LUCQJUB;
Gross sales »
0.9g9r97J
85,095, SH
J' 8,fflJR.S4S
Gross r*Mipt? froni operatiotis " . .
»15,TOB,H,1
e
Net capital sain
Dividends from:
Domestic corporations "
Otber receipts •»
Kecelpts, tai-eicrnpt and taiabfe Income:
Interest on OoTecnment obllRfttlons:
J
Subject to
Whll t
soeipts '»
Deductlcjnfi:
Costflf(pads sold **
-..,.
Cost of operations »
....^—,
Ciirnpengatlfin of tifHcers
Kent naiijoa tuiainess property
1, 4+i, 97C
728,340
183,645
% 438, 262
l*TS5a
M, S85, 717
» 6^838, 2lfi
, * 1, S77, 7S&
l h 029, lfifi
417^
13; 80S
7T,401
10&, H7
30,406
0S,
70,0W
£742
219,077
87, 8W
560, B96
37,072
1,110.303
aor,7n
84,
3W
70, B30
3ft.*03
W,fl27
327,603
*64aR
33,0150
122, OS3
07,476
17S
t, 110.303
233,478
,703
417, 018
67.957
2,492
7Q4O
1&5, 900
3«, IJ10
1,137
4,970
ljres
163,
57,
2SO,
11,003
3, MO
7 t 775
SI*
214,
147
268
7,o.W6
fl 5, H03, 702
" 8 3 a fi2©
363, t^S
13. 6S3
11,713
13,423
2,211
6,400
DepIetEon
Net capita] loss «
Other deductions
Total compiled deduct Ions..
plleii net profit or net loss (2B l«ss 4s).
fncome or deflcit i (43 less SP)
Normal tax
Surtax on undistributed profits
Eicess-proflta t a s . ,
_.
net profit leas total tas (43 less 48>
paJa far
Cash and assets other than corporal ion's
Uk *'
SL5, 362
1, 2S4.S43
14,387
T tj i S
2,337
511,701
Interest paid...
„„_
Taxvs psJd otber tb&n income and excessprofiw tuxes «.
Contributions or gifts w
^or footnotes, see p. 79.
1,112,780
732, 4S2
259, SJ24
201,477
310,320
No net
iacome
Sflfl
106,431
no,
6, 772
1,ML
l52l
33. 70S, 331
I,32& 162
aQBS4f
1,032,657
172,201
AX7D4
SO, n?53
4,078
SIR
]47,3B6
1*,227
8 h 790
S, 771
3>4flO
ll,27fl
a, em
32
IV13
S, 108
3,030
48, W2
364.3fll
55,630
£70
340
S.35B, E79
** 1.S25.192
7,094, 232
136,318
47,72ft
ess
71
STATISTICS OF INCOME
groups and by returns with net income and toith no net income: ' Number vj TK.
compiled receipts and compiled deductions, compiled net profit or net loss, net i
and dividends paid
tbomenda of dollars]
describing returns Included, see pp. 1-0 and
Industrial groups— Ccn tin tied
M&tmfac taring
Mining antf
Total manufacturing
Nonet
Ko net
44,955
6.009
2flfl,4C7
63,456
2,050,209
274 272
150,186
05, ft*[
30, 193
5,739,240
9,fHtl,9flS
1,084,749
1,306,257
309,362
7,551,493
3,250,223
3SS, 77J
2, 407, 957
17,
, 263
2 2 , 155
46,810,133
is*, no
3,377 T
I, 314. 4SB
h 79% 1159
60,233
206,144
), 111
3fl30
2,33*. 27b
3«0,VOfl
2, OOe, 235
153,727
0,298
id, 6i a
U, 461
,7fta
630
2,3.13.031
1,181,187
30,03*
30,651
93,373
ate
00,033
201,065
024
1,637,1M
S8S9«
787,
8> RJ7, 378
1,781,883
3,4(56,044
1,842,321
4,76*1,079
1&, 598,4).^
152SSW$
46.840,133
902,143
110,110
4,329
10,331
8,234
68^108
ioa, SOB
26,640
149
13,911
ft), 623
373,073
660
230
, 657
18,294
1G.4S9
ao. &44.
&12,OU
»l,90S
17,474
4, SSI
7,290
3BJ37
36, 320, £65
274. 0(37
736,743
207,715
131, 99*
264,434
3D, 712
•S31
S4.0B0
1,18fi, 274
13,445
1,12ft, 2R2
175, 973
5,002
6, 313, 7Ci
£0,220
1,6A4
177,104
1,00K, 128
40B, 954
J07.00S
"113,527
" 1Y3, 647
4,279
4, MS, 880
525,011
*S, 003
21, S73
JSE, 437
641, 390
Bfil, 619
sio
604,903
8fl,2S4
1, US, SU
213,093
it 104, JW3
1,315
63,179
3B6i 178
3S9,6f*
G, .560
130,651
251,763
21,042
107,000
7 ,
!f2,409
93, 670
1,071,739
49,013
10, 237
16B.234
31,531
1,805,407
218,552
291,34:9;
149, TU
577, 71S
1,303,009
1,SM,74*
35,353
8,983,017
4,1 £,302
l,0T1.7W
43,095
1A3SS
17,426
110,698
50,261
34.CS7
279.166
10,343, 660
234, OSS
llf027
2fl, 025
7,343
7f 028,622
1,1(53,759
10,070
2,846
4,171
B42
279,013
4,12a
ESfl
763
26G
1.002
4
1.74S
J. 437,973
468,310
011, 3£>
6S08B8
274,234
70.62S
Hi oag
S.6I11
10.301
1,934
&99
1,093:
10, 715, 3M
1,344
1,100
7.180.333
170
127
3,020,16?
13S, 407
247,8»
SI, 356
40, &W
102,204
IS 77B, 793
29,«Y1
65.0&4
36,700
1(1,3B8
34,211
00,935
1,062
97, OSS
2M
574
783, *7E
3 a 707
218
44,820
J54
671
405,730
201, fl2»
234rri44
3S, 4S6
10,20s
1.44O.0O3
11.111,530 j
« 3S6, 176
« SS7, SQS
9S.G28
B1Q21
42,354
2S8, 733
971,608
II, 000
30,464
13,658
7,254
sssa
401
1,408.282
822,135
2,792
24403
4.9L7
3
STB
26.823
13
300
230,027
286,381
172,224
2,400
6347
1,600
%2O3
43,603
2L
46
167
61h I7S
L, 33S, 3SB
2S4.06E
3S2.0C2
741
40. sac
43.38S
6,053
294,372
"396,175
1,506
6,067
335, S3&
3,955, 323
60S.7M
q
And beverages
(alcoholic and HODaloobolic)
ttettaeome ' Ftj^l
32a, 722
3,021.314
273,325
650,882
1ST, 7fil
161,1*S8
Food and kindred
products
343,741
** 39,132
lft, MS
38
22,044
5.6LO
B2T
3S.SS1
131,41&
* 16, 540
950
72
STATISTICS OV INCOME
TABLE 4.—Corporations
submitting
baiance sheets, 19&7, by major
industrial
assets and liabilities as of Dec. 31, 1&8T, or close of fiscal year nearest thereto,
or deficit, normal tax, surtax en undistributed profits, exce^-projUa tax, total lax
Industrial Errjups—CI>Q tinned
Manufactiirliie—Continued
Tobacco products
T<5itil&-mill products
K umber of retu'^s with balance sheets'
Assets:
S6.769
C
Notes And accounts receivable (less reserve far
160, mi)
bad debts)
4W.323
Inventories,
,,
Investments, (lovorniunnt obllcftttons *
Investments, other than Government ubliaa«S, 356
tions * ,—
,.
Capita] flssfta-rATirt, buildings, equipment :
' (less depreciation and depletion)
Other roaets
Totalaaafeta*
_i l. 039,157 j"
thlLftiea:
Acauuntsp askable ?
47,
Bonds, notes, mortgages payable:
Maturity less than 1 ynar :
07,
Maturity 1 year or more "
Other liabilities *
42, HftU
Oajikul s tnvk, preferred
33U, 092
417,744
Capital sto<sk> cwmnaii
270, tt2S
Surplus and undivided
profits v
249
ILfiss deficitll
,.-.,
Total liabilities*
1.030. loT
, U\at>!e
income:
l 1
Orosttsnlcs
Gross receipts from operations1'
Interest
-.Rents...
Net capital gain
Dividends from:
Domestic corporal ions14
8, 103
Fore: gn corporations J *
1,210
Other receipts"
3,691
eljits. ifLx-esempt anil ttoabte ine
Interest on Government tiblinalio
S 68
Subject to estrtaa-profits tax ''
26+
Wholly tax-exempt ' L .
11
Total rouipilcd r&oetpts
Deductions:
Cost nfgonds soldJO
931 P37
Cost yf operations!1
7'J2
C t penit
o i
f fTl
5 'J3f>
1 335
Uent paid on business proporty
Bart ifobts
.. .
ass
4 7tif>
Interest paid
Tusoi= paid oUmr than iDcome and
3,242;
profits tuxes »
___.
.„
Contributions nr ^lfts'9
7,02fi
30
Total compilerl
Compiled uot pmftt or not Irjus <39 less 42).,.
Wti
deficit L (43 IKS 23)
.
Normaltait
SurtRx on undlstrIbmed profits.
Evcoss-prontscas
..,
Total taK.,...C o m p i l e d u s t pu>fit less twtal t a x C43 IL^SS -i&)
Dividends raid In>
Cnsh and ttistits other thaa coiponitlun's own
stock"
.
For fo
h
=ee p. 79,
lfii)
50,90(1
2,01313 \
, 573
137, 8S1
31(yzT
fi, fiOO
flli 527
5.729
3fl,3ffl , S, 133, HflS
540, 3lS
4ft(VW5
9 f 305 I
1.S72
3,317
137,^34
llfl,432
4,991
1,006
fi4S
5,024
13 Pi. 703
8^,777
SJ.731
271.421
»17.41S
83 5,1S3
111.217
11, «00
5,584
S22fi
I. 189. 3 0 4
104
4, MIS
1T140, 059
26,613
1, 82S
S.100
10,208
3
130
2,145
17,0715
1,350
206
154
i. +54
2S, 44S
141
1,330
S2U
121
1611
1. lfiO
4flO
]
13
2,3^2,690 I 1, . . .
M,S3J I
10,757
."13,430
- --8, S17
K SlKi I
4. Bfly
a! 004
12, 720
14.517 '
24, IS I
'J9
32, 931
f 1ST
,121
271.
y. 4a;
n, sn 1
1, 3U0
99
IS. fil?
172, 30P
SOB. H22S
342,104
1HB5+2
73
3TATI5TIU3 OF INCOME
groups and by returns with net inwnz and with no net income: 1 Number of returns*
compiled receipts and compiled deductions, compiled net profit or net loss, net income
and dividends paid—Continued
thousands of doling
[
Inchtstr ial groups—Continued
Manufacturing—Continued
LiwatUet mui its manuR u b b e r j>ro<3uirt.s
factures
N g n e t iiLN Q net i a N
o
not
iuKrt i n c o m e
Ntt income
Niit Income
Clolhinimnd apparel
995
2, HOJ>
1.217
3-12
274
2,239
Forest products
ne.t incoiae
N^Q
a. 011
y.061
16,679
2
193, 714
31&, 723
21,302
70, 121
113,76$
3,1S»7
3
4
G
I
51, 574
18, )33
46, 673
42,29?
190,7(21
18&470
77,692
93,717
116, 012
210, (522
7,337
85|34.fl
1,348
147.07'i
237,005
4,163
41.854
11,102
35,172
15,779
190,637
8,234
176,35fi
99.750
*7,0fl8
S.71S
210,007
201,910
74.600
897, 607
43, 1G1
5,436
10$, 022
677,640
34.137
570, O4S
44,3*5
10,712
Sii(5i 758
E2, 742
72, 7flS
33,350
33,318
32.029
7N73G
30,352
91,323
3ft SOS
4d,S31
11-0, 015
•J3,S4>4
1K1. 128
S4£P'JW»
220,4:0
31*504
IS, 4dft
55li, 104
571. 818
Zlf), 007
S97, ( » ;
lus.oas
i. 4ygh 727
fiSS, 080
35Ji, sao
3, 6S6
247
M4
150
2!*3G
4,490
92,615
1+1
HI
1, 37S.W64
15.007
3,032
4, IW3
2.7+4
443,203
9,7^7
IS
20
21
'soo
23
710
30
3,529
24
S3
47
27
.Wl.JUH
75,420
33, 420
in, 419
13,342
47, SI 2
17*017
27, 632
67,21.1
i»y, BOO
142,003
K, 344
570, 1MB
113; 970
3S, 1S2
34. 5KJ
250. 75S
I(v5l?15
»tO16
641.1 OR
l r 38S,24e
15,47G
30,089
2^ 036
1,343
211
329
072
2S('ifi2
1,286
1,830
«, eas
S,tJ37
an
55
1,415.009
l.i
7
782, 424
US
7fi
633,030
776, 34fi
258
ne
13, S74
615
4,510
y«7, sis
131
IS
19,^44
is! 447
3,327
4, 132
3,451
1,105
2,312
•7,210
4,343
23
3,793
3,~H
36
7W. KHO i
Si 17, 4^>
» 1 7 . 443
81
39,334
»16.S2^
'576
4, mo
5, i*s&
26,6i2
31,943
,17*. 067
a" 12, 349
» 12. 378
34, m
4, 47fi
6U
06
•
-
"
"
'
"
"
"
•
'
3
28,378
3! 257
3.117
8,575
' 565
77,286
fit, B09
07, 814
36
41a
233
K 4^4.102
181
13, 2S3
23
65
148,253
940.906
4
U . P2fl
S7. 13&
SSHS
5,035
1,095
131
1, iflS
43,015
a. tsce
6.270
9.B7S
--
111! 961
3S, 424
00,732
340,660
166,333
1*7,4 Vi
13,683
a, 033
4,767
7,5*3
31. 07«
'417
101, S72
1. J32. ma
37B
17*
9^180
£9,768
-4B3, 990
01. S J *
« 33*957
91, 333
11, 2lfi - .
....
2^050
SAO
fiS. 784
7
9
110
11
12
IS
14
16
ie
17
18
m a*
14, 136
7^413
1,250
40,363
'* 17, 4^(5
£1,343
113
32. 3U2
GS3,0SO
1,023, 9» j
9! 319
MO
6,129
57
ISO
187,695
1,363,107
31, &*2
1,403.727
86
2
54
S3.G31
119
15
ari2,7i*i
1ft]229
1,514
1, 864
65
30
31
32
34
35
B6
37
33
39
40
41
1Z
43,
44
15
47
«it
«9
74
STATISTICS OF INCOME
TABLE 4,—Corporations submitting balance sheets, 19S7t by major industrial
asseU and liabilities as of Dec, 313 1937, or close of fiscal year nearest tkeretot
or deficit, normal tax, surtax on undistributed profits, excess-proJUs tax, total tax
Industrial groups—Continued
M an ufftctuJriuK—
Paj>er, pulp, and produrts
PTet InODEIlfl
No net inCome
W
l
l
l t t
EXDBSS-profits tax
_.
.
Total tas__
Compiled net profit leas total tax (4a less 4 8 ) . . . . .
Dlvid*nd9 paid in—
Cash and assets other than corporation's own
stoct"
.....
Corporation's own stock a
For footnotes, see p. 70.
6.170
19,036
149, S17
153,677
$4,513
777
43,277
2,693
388*302
G14.31&
170,171
21, ft 4
390, 074
409. P82
278,627
30. 4S9
306, 334
153
6C.SQ2
03, 1G6
,
51,5150
RH 124
12. IMS
1 922, 1£
2.M77
2,003
SI, 917
220, W5
llftfl.647
7ft4, 65B
SO, 821
202, SA7
no.esa
2 , OUO,
22L.-&IS
a (Mi*
90S
1,007
133
l h 728,T91
1
1,324
703
so.eia
4.508
7.SS4
1,666
27,016
WO
16,25)5
,«0
1,124
1,616,
1, 123, 234
1,422
33, Gift
7.53S
ll,ftl"
14.S3O
I7fl, M9
1,212
0, 102
1,724
1, m
7, lift
4,542
52, 485
13fir 'ill
13*. 936
18, 022
3,&»o
67.S36
1*3,760
3(10, fl74
1R.10&
9,517
i, 106, sa*
75, ISO
is, ioi
<t,394
11,100
40,044
1, 215
34, MO
31 ft
.
!
i.
;.
3
31, J577
23ft. 316
is 11,069 I
B 11, 074 ]
se020
IFKI, 4BE
13ft, 276
593,260
429,9ftO
72, fiOS
4, 4R5
58*
13
5,629
4S
514. 67S
306. 581
37,833
32,000
ll,7S0
S.288
9. 3.1B
9,519
11, &5
364,040
237
126,175
ISO, 3 U
170,100
« 34, 075
.148. f523
2fifi
G54
707
22.719 '.
72,191
603,250
30,
JS3, 602
261,677
54.OGC
R7arSfi3
SW.flOl
512.047
No net income
llfi,3TS
317,221
7,349
2S10ri
285,380
1*
Total oompUed reodpta »
*
Deductions:
Ct>3t of good a sold *•!
Cost ofup9rati(Jns* Compensation nf officers
Hentpaid <m business property
Bfld debtg
iDteresr paid
„
„.
Trts«s paid other than Income and
prgflts taxes. "
M
Contributions or^Ifts D i t i
tipetun
Net oaplml loss **
Other deductions
Total compiled deductions.
Compiled net profit or net loss {29les3l2}
Netincrraieor deficit i (43 leas 28)
Normal tax
SurtAxoit undistributed profits..
.
Net income
B30
Number of returns with balance sheets *
Notes and accounts wceiv&fcle (Less
fox bad debts).
Inventories..
_
InvcStraonts, Government obligations *__,,_,.
Investment*, other ttian Government obligations. *
Capital assets—Lftnd, buildings, equipment
(l«ss depreciation and depletion) •
Other assets a
,„„
..
Total assets _
Liabilities:
Accounts payable'
~.~_..
Bonds, notes, mortgages payable:
Maturity less than 1 year 7
..
Maturity t year or mora *,
Other liabimtos"
Capital stock, preferred
OapltsU stuctt, common
,_.
Smwlufl ami undivided profits«.
...
X d & i t »
Total liabilities •_
Receipts, taxable income:
dross sates"-.
Gross receipts from operations »
Interest.
Retits
Mel «3L>ital gain
Uividends from:—
Domestic corporations 1*
F l
cl
n
Otber receipts1*. __
Receipts, tai-*f empt and taxatile income:
Interest on Government obliRjjtiyns:
Subject to axecss-protits tax "
Printing, p i h i n g ,
and allied Industries
—-I
39.690
Ib
75
STATISTICS OF INCOME
groups and by returns with net income and with no net income: l Number of returns,
compiled receipts and compiled deductions, compiled net 'profit or net loss, -net incomit
and dividends paid—Continued
thouctrtdt of dollar*]
Industrial groups—Continued
Manufacturing—Contln ued
Chemicals and allied
products
FrtrolouTn and other
mineral oil products
Net In*
come
Ne.t 1Degme
N o nftt income
Kn net income
Stone, clay, and glass
products
Metal and Its products
net inNet income Nocome
Net lncpme
1,«3»
Hfj net income
2, 045
ID, 1%
B, 054
1
844 066
1, 760 3)2
<so,r&9
2
181,932
3
3, 348,
234,
2; 012,
5, 447,
946
613
4«S
903
313^557
14,422
101, 013
417,414
4
5
S
7
174, 8S7
I, 452, U6U
8
S
2,060
3,240
308
334
9S0.O63
443, 434
15,401
M.4&1
243, 574
£95,458
20,400
44,575
us, eta
136,211
15, 611
42,332
7M,53fi
145, 188
«18, 422
], 340,042
C5, 322
5, 40B
S3. CM
135, 470
314,086
70,1452
l,450,37&
SS, 552
17o
£4, 099
S4fl, Qtifi
249,963
Al,£15
202,802
762,339
49.«38
4.S77
2^4.759
24Q, 774
260,352
4, 111, (B0
71, 671
382,430
118,233
6, 514, 402
37,707
747, S2B
+7,308
1, 573, 0M>
Hi. 2SS
4«U, 47B
S0MI2
14, 2^4. 144
269,045
46,180
407,711
91.195
S7,3W
26, 60S
X, 4Ll,eS0
162, lftl
10
149,24(5
327,042
134,740
EOl, 741
1,301,161
1,373,841
M),4Ofl
t,lll.ffi!ti
28, B12
41,208
18,037
40,211
173.880
10?, 499
72,495
332.430
136. 3&1
509,977
210, SI 5
223,128
S, 163, 20*
1,908, MS
BO, 54&
0,514,4.02
6fl,71&
243, 476
IS, 559
12, Sto
275, 30B
2fl9,J94
167,444
747,526
31,620
95,^62
60, 417
13S, T4fi
672, (I1&
523, 5S3
21,933
521,J7S
1, K)4,331
EW>h263
1,538,953
4. 862,054
4, 236, api
146,616
14, 224, 144
120,164
262,067
76,895
163, 362
660,367
316, 440
30e, 284
1,452,960
11
13
13
14
IC
1G
17
1, 673, 050
30,349
8». 361
35.06S
fit 732
307. B03
104,715
85, 752
409, 476
3,685, 609
a n , 7fl.p5
0,219
fl.667
2,009
322,171
4,217,81(1
220,557
13,2^
23, 039
1,548
595, 538
13,233
302
a, 113
«W
1, 255, 374
13.0S&
2,017
2, 158
2,339
204, £41
3,«97
347
1,044
404
13, 387,654
182,576
32 702
ll3O5,83&
35, 130
2,774
3.20B
1,137
19
20
21
22
&3
80,444
8, 419
21,262
761
38
1.A23
134. iSfi
5.203
22,1*35
1,601!
3,50?
3fit
18,533
24
1,095
2,175
79
ir(7
330,035
232,414
1, 790
12,880
2,814
3, axj
2,307
11,706
29
2, m 545
4, 7 IS
57,423
11,637
9,783
17, ft.13
8,^736
LOIS
94,120
4,023
377
675, 113
3.331.134
464,151
4f!l,97fl
5S,flfi4
3,»1
477
722
sns
7,373
47
1K0
71, 03B
34™, Mn
" 17,2115
« 1 7 , 362
liW
i7,aao
ft, 210
101, (124
2*, K10
7/3.260
4,330
13,678
2,865
6,827
3,356
439
958
4,629.017
2
7
610, OS1
883
643
1. 398, 774
67
31
21K.44S
13.S42.843
2,»SS,7ST
104,170
457, 145
4, 4S4
2,129
7, HA
1 «l(i
10,114
11,150
S
834, 437
150,545
2.77&
R.673
1, S3B
I,ft57
4.795
6,678
35
9,673,116
47, SS2
223, 733
42, S50
39,741
105,400
257,239
4,457
12; 548
35S
HH
40, EB3
229. 710
33 IB, 232
io,7»a
33.333
15, WI
20, B21
142, W4
7«5
14a 094
64
flR7,flfiJ>
4. 33«. 333
3On,7&4
209.836
30,062
a, *84
27,142
27,0ftl
ftl, JM2
630,539
» Z), 45S
JJ 20, 464
792
34, 7fl i
GO*
fill, 343
390, 908
.....
'a 17.2U5
ace, wra
$41, 172
1,W9
272, 94B
11601
73
as
3, 6S2
e.oss
26. 613
4,fl2G
3,637
5,704
25,660
480
4S.560
1,7B2
273
4,620
5,767
1S5
1, 3J7, 900
954, i!33
15.27*
42, 480
9,725
io, ara
17, G13
24,388
14fl
13
24
27
23
30
30
31
32
33
34
35
3«
37
i* 16, 2fi2
34^, 339
4,669
1,607
1,730,023
12h4fln, 455
1,362, 386
I,3$6.fll9
132, S20
40,4OG
13, W9
23J5.fi6fl
1, 125, 622
*' P5, 832
44
46
46
47
4S
49
111,163
893
£45,646
4,]t>7
B0
ma
23
38, ? «
80
Ct
1.13fi,6t>n
l(i0, 174
150, £-28
31,345
2,964 .
858 J
2o, 167
13,^1107
« 16, 343
7,61$
19*, 699
1, S23, 731
« 65, M2
38
30
40
41
43
43
76
STATISTICS OF INCOME
TABLE 4.—Corporations subtnitliv-g balance sheets, 1937, by major industrial
assets xmd liabilities as of Dec. 31, J?S7, or close of fiscal pear newest thereto,
or deficit, normal lax, surtax on undistributed profit^ exee$a--profit$ tax, total tax
Motor vesicles, complete or parts
Manufacturing aot
elsewhere classifier!
N>t In-
Sftfl
t>[ returns with balance sheets *.
! Nil not
3,103
357. 2fl7
Xdtes nnd accounts receivable UMSH reserve
for bad debts!.
J
.1S2, 134
Investments, artvermnenl: obltfntfons *
»7, ITS
Investments,
other
thau
Government
obliyu'
tionF.
Capital
-Land, builcUnKs,
(!
d
i
d U*A
It)?, I HO
Other BB nets
.
TAtol assets*. — ^
,--LtaT^Itties:
A tcouuts payable 7 .
Bonds, notes, mor^aires payable:
Maturity less than 1 yeaT* ...
i3
47.fi71
M aturlty
year or mere '-,--turity 11 ye
11*. 5?^
abilities'
h
Capita] stock,
Surplus and undivided profits "
in, rt.w
L d i i
Tutsi liabilities1
2, S57. lua
p
4,, 427, .WS
Oro<sssales i*
G n t s s r e c e i p t s from o p e r a t i o n s >J-
53
13,-ISO
lfil, 285 j
18,247
91,777
IS, fifif)
1H, d?l
£6,
53.
80.
SW,
777
952
«[
41S
6S, 51Ji
6fi,T74
44fl, 70S
512. ^4»
1ft fi
192,727
1, 1A1.7RI
ia, iifi
4. lift
4eKW
85, MS
3
43,309
28. 287
2*p K(t7
23, SOB
as, 427
14ft 4iS
I. 341.7HH
fp. L47
ft. Him
5,4/14
Tt
Rents.
83, 72S
1.341.702
21(1
n
DftTnostlc flof porations w
fi
i
Older reoeiftR
Receipts, tax-esempt and
Subject t o oxcoss-profitt tax
Wholly tax-wempt"
TotaJ enrnp^efl receipts i
41,371
148
235,720
1, 13*)
774
30s
1.344
1.4300
4, frtfl, 520
3,
op9jtwilL
p n nation of officers ,.
11 ent puid o Q business proper ty. —
Bad debts
Interest paJd
Tases paid [jth^r than Income and
proflts tar?*
Brtrlbti
Net capital loss". ..-Other aeductitms
Total compiled deductions
Compiled net profit of ne» loss (2BlrsB 12)
Net inenmt or deficit' (43 less 281
„..
Normal tax
^
.
suitax nn uudistributed profits-.
311,
169,
13,
S, OK4
1, 141
V
«, 123
41, 424
776
67, fil4
7ST
2&7. 4H3
4 T 129. 433
417,02G
a. 517
368
SI
i, 7aa
10, 074
jt
12
S, B4fl
2
27
24,017
3.007
1S,S67
12,872
9S,SW)
3, *79
30, 302
a. m
5,1^3
5,231
32, 944
328.744
B, 700
14, 4K2
4, IMS
2,001
2 M
39
ft, 701
2(6,
1,(171. 4 L&
fi. Olh
,\ 710
35
101
aa, 77a
s' la, 7B5
»» IS, fWS
R32
, 115
Compiled net profit less tutnltan MS 1GEB4S) .. ...
iDivkkiarts t>aid in:
Cash ftnd assets vth^r than corptjrfttion s ijwn
stock «
at
Corporation's iiwo sUwt
For footnotes, see p 79.
,,
IS, 795
716
1, 510
1A7
77
STATISTICS OF INCOME
groups and by returns nn'th net income and -with no- net income: 1 Number of returnss
compiled receipts and compiled deductions, compited net -profit or net loss, net income
and dividends p a i d C t \ \
iboneandB of daHnrs]
Industrial urniipn—Continued
TraTiK[HiTtafinn nnri
other public utilities
Canstrueliur.
Net Income
Net in-
Nonet
inenmo
LO^WJ
5w, 304
202,278
1, 054, 033
M.'i. 3!!1
537,830
1, DM, 701
4,103,250
122,941
35. Ml
111, 317
47.4f>3
11,777
81,421
527, WfiH
141, 803
6, 352 343
S«O, 145
23,008
2, 309, 010
314, C7O
17S,O17
30, Sift, Ift2
52, 200
1.08&, WS>
53, 0*>
1S&, 212
119, U2»
72. 435
72,498
HI. 0*7
4e, 430
305, 235
3X5,708
*2.2"i7
1,030,409
65,30ft
70,857
103,892
39,512
212,031
117, SO*
124.152
400,491
14, 090, f.Gfl
1, 303, 059
2, 553, 278
1 f>, 387J 344
e, 447, 358
217, 479
A12, 542
4(Kfl62,G29
ft, 101
102. Ely
340, 340
n, ez7
2,473
^,930
2, SIC
illCnltlft
33, 576
4,144 f 577
21.1, 342
1,18^803
19,171
318, SIS
92,443
S.OtJ^Ma
432, T5T
82,4*8
35, I2fl
47^,335
19, 281, 115
2, BSST Sfil
GHR, 1S6
2 h 71J,545
5,56^07^
1,402,334
1. 199, 802
33,ttW,4 «
550, WO
H7r,9,7RJ
274,455
293, 2C4
6, H49, [i:iO
a
4. i m nafl
213,311
3.985,394
725i 7S2
1,095,757
2.796,554
313, 186
3D?, 337
4S2, 577
K
1337, 441
11,70^021
a, K*,031
1,512,713
fi, 067, oan
2; SOD, 303
l.fiififi,^1^
23, 99f>,441
1,130,121
BS8, 7;tO
872,114
1,007,014
4,893.679
3.B47.153
400.637
14,769,734
551,92S
4S0,723
2G9,30f.
307,314
1,089,462
662,35*
761, Ulfi
447,3fiO
3, 933, S?0
507. S70
JB2 h 6l7
1, 409, 42S
920,407
1, 174, 383
n
4,083,03^
1R2. OSfi
1.H14.3S0
185,500
222,171
1.13(i,4U0
<)47,415
164,2^
3.flB5.9«4
32,996,114
810, FXI2
73,178
08.562
8,79+
9, 336,23 &
346,333
12,432
25,047
2,a~2
2,43ft, 763
6,640
6,223
J, fWa, 424
7,228
69.491}
6,394
2+, (}73
44t
22;fl5i
9,094
1,559
22, 778
2i
2f
Be
380
G3t
2, 500.30*
300
S3!
2, 041,tffifi
T,
2f
Sfi", fi21
127.6341
722, 223
SC.533
100,305
19,120
171.024
M, Ifi9
850
4
5,015
2B8, 244
1, 5fi1
3ft 3&4
425
760
1. Ei3.fi. 211
13U
1S3
7 1 9 . H»1S
4, Iftt
7,171
8, M5. 842
611,353
7fiO,482
86,805
7,170
5,5237
5,924
21, fW
279, lTfl
303,014
37,31(1
•SllS
4.BS4
15, S3-!
9,7ie
2%
30,313
152
461
145,00ft
1,555,244
m, 9ti7
80. 208
Q,79&
2,HIK
69
15, 98-9
4, 248,001
ft-S.OfVl
109. S7S
20,042
GS1.&T3
M7,0S^
1.3a)
13. me
87,052
« 33. 641
S,273
704,890
S>, 878
fl&l
9.S4, 474
7.433. U42
1, 471, SflO
]H 464, 729
i?s, 7Bg
10, 114
2rfl09
lBl.fllfi
I, 2S0, 3S4
47,7*5
1.42S
<sto
9
7fi2,RtJ)
yojno
134, 5S7
274,167
fl, 19H
J07
15,031
3';^fi4l
3'33,823
Net In-
221,273
2S3,840
" 4,20i,13e
se.i&c
No net Income
322, 276
l,07fi,B12
372, G7& "S,"42f*,'43fl
68,4%
2,140
3r8J5fi
Cl, 938
1,428
8, 333
me
etc.
17, 175
3*3,687
:
Nrt in-
Nn not
a,s!o
6,700
Ser vi M— Professin nal,
Trade
K2r3Tl
215,604
3,fi78
Sl.ilX,
25,164
23,7!W
331, 70S
372
73,818
2,7Rl
2,981
M ,405, 1S1
Sllfi
1, 129
4,328.712
7, St3 t U7<J
2, 9C6, G35
26. 200
52.752
S.M7
55S,ft53
2fifl. 7tt7
aft, 593,1(16
382, A33
57Sh8y«
4flflhin8
122,642
101,604
2Q«h040
6F44S
190rfl51
1.142
644
71,013
344
3,724
1,270, 745
1,36?
105,179
Ifi3
834
9S1.04G
4.91$, 031
2, 339, B.W
220, 761
22fl,120
^5,7OS
5.9S4
I. HO
142
180.104
6,022
2, 508
629,993
3,211
4,604,143
+, 716, 420 53.55^074
l.onn.o/i/
& 387, 700
9* Sftfi, S3S
9, 704,04S
264. G?6
17fl,fl4fl
55, 7«J
4fi,Sfi»
87, 4O4
as 204. fiS3
V 204. S+e
9, 54fl
fi2, 603
102,210
"387,709
l,O47hO7(3
130T SIO
2)1, RH
G.3J9
ifiS, 703
B34, 354
1, 304, 433
29,877
683,425
13.95£
142,032
23, 737
b
22, 12fi
1.T33
2,433
210883—Id
3<2<M, 5S3
6,540,056
1&7( S3G
1
J
S
4
i
J
E
I;
i;
14
if
i(
l)
is
it
2(
21
2S
2S
»(
3
s;
34
1&3,1&SJ
3C
32.1
151,5S7
33f
3*
3,526
812.7W
2,2».AR3
i;
1S6i 077
«185, (108
4(
41
41
49
44
4£
4f
41
if
Ji
a
1S5, 077
0, 3(JO
78
STATISTICS OF INCOME
TABLE 4.—Corporations submitting balance sheet8, 1937, by major
industrial groups
and by returns with net income and with no net income;1 Number of returns,
assets and liabilities as of Dec. SI, 1937, or close of fiscal year nearest thereto,
compiled receipts and compiled deductions, compiled net projU or net lose, net
income or deficit, normal tax, surtax <m. undistributed profits, exce&s~projil3 tap
total tax and dividends paid*—Continued
[Money Secured In tbouaaDda of
Industrial groups—Contiaufid
tB—Bantine, Icsure, real estate, holding N&tar* of business
camyanicSf stock end
net given
bond brokers, etc.
tiet inN<> net
Net income No come
income
Number of retafas with balance sheets r
Assets:
Cash'
.„._._
Notes and accounts receivable (lets reserve for
bad debts)
Inventories
Investment^ Government obligations '
Investments, other than Government obligations 4
Capital assets—Land, buildings, equipment
rtess depreciationand depletion)....
—
Other assets
39,49E
66.043
101
843
12, 237, SSS
b, 447, 208
MS
3,387
IS, 107. S71
Z4,252
11,025,539
G, 443, 322
23,138
II, H i , 110
1,294
3S3
im(
Goat of operations *i
Co-mppDSatioll of ofQcefi
.
For footnotes, see p .
5,1ST
1, 365, 732
4 7 8 4 , 9fl3
241
150
5, 609, 0H9
J, 33S, dSO
2, 475, iWf
57.OJO,
a, sea
1
1,007. 3A&
1.040.971
^31,100
S3, JOS
2.173
40
83, 3flO
I.2SS
40,627
3JS
1 41S,23C
4,600,
IS, 282,1
15, <M2,072
2»01
U6JH.733
78.349
93,010
-_
1
» 259,998
31605
SIB, 751
3,406
115,9(50
2, 25fl
22gS2
3, 007,
3, 614, 241
2, 2STC, 764
2, Oft, 004
24.44a
2,3B1
133, 773
2S0
171
1,761
1. 651
5,197
3,144
El r 07»
55.4W
101
123
130
54.
175. ISO
173.151
,—
», 552
T.82H
15,783
1, 184, 77U
4M962
Rent paid on busloess property
Bad debts
......
Int««st paid
Taxes tsid otber th&nincome and excess-profits
Contritutloos w Rifts a'
Depreciation
Depletion.
Net capita] loss **
Otb
d d t i
Total compiled deductions
Compiled net profit or net loas (28 less 43).
NPG income or cUiflclt] (43 less 281
Normal tax
Surtfl* on Hfiflfstributed profits
Exceas-prnfi ts tax
Total tax
931
n. 465
% S47, 617
Net capital Rain
DiidJf
p
Foreipn corporations
Other receipts '*
Receipts, tax-exempt and taxable income:
Interest VA Ouvrfumi-ut obtleallons:
Subject to eieeas-ptoflts tas iJ
Whll
t
"
Tutfl] compiled receipts >•—,
Deductions:
Cost -oJ goods sold s°
291
5fS53,
4, 232, ISO
1, $7& flO
T o t a l assets«...
Accounts payable T ._~
Eonda, notes, mortgages payable:
Maturity less tEan 1 year 7
Maturity 1 year or more '
Otter li&biJilles *
Capital stock, preferred
Capital stock, common
Surplus arni UDrifvlded profita iD._
ldflLt!»
Total liabilities'
Receipts, taxable income:
Gross sales n
Gross receipts from operations "
Interest......
.....
r
1,036
36, (05, 321
a 3.063, 873
2,474
3,929
fiS4. 455
134, 500
52.902
167, 650
353. 6S5
I, flflfi
2L£
22
2, 6fi5
462
I6B
292
191,270
602
134,530
809
1, 84a M5
3, 556. 237
" 4 7 1 966
" 729. 550
195
J20
1
322
M
1,378
2L1
20&
20
4
*! 1, 607
« 1, 61G
79
STATISTICS OF
TABLE 4.—Corporations submitting balance &k&t&, 1937, by major industrial groups
and by returns with net income and with no net income:' Number of returns,
assets and liabilities as of Dec. 31, 1937, or close of fiscal year nearest thereto,
compiled receipts and compiled deductions, c&wpil&l net profit or net loss, net
income or dejicii, normal tax, surtax on undistributed profits, esxeas-profils tax,
total tax and dividends paid—Continued
figures in thousands of dollar*]
industrial firontJS—Continued
g,
urns, real estate, holding
companies, stock fto<i
bond brokers, etc.
o net inNet income
come
Compiled net profit loss total tax (43 less 48)
Dividends pnio in:
Cast] and assets other than corporation's own
stock"
„__
Corporation's own stack w
a 473,965
Nature of busfnees
not givan
Mo net
income
» 1 , 007
7D.7S0
351
1,503
lSSTi
12.674
1
"Net Income" or "deficit" Es thenet laeome (or excess-profits tax computation (item 38, schedule A,p, 2 ,
Form Liaoj wfafch la e^ua] to the dlSterence between "total inCOTn6'h &nd "total daduetloua" (items 14 and
37, respectively, schedule A, p. 2. Form USD). The classification of the returns into those "with net income"
and "witt no net Income" Is baaed on net Income Tor excasa-proflt! tax computation. For comparison ot
UM ttrncrauts of net income for 1037 &nd 1036 with those lor years prior to 1936. see p. 2 THe dLfl<Srenw
between 1037 &nd 1(*36 tn tins bases of the classification of the returns Into those "with net income" and "with
no1 net income'" is stated nn p. 8.
Excludes returns for Inactive corporations and returns with fragmentary balance flbeet data.
1
Includes cash in till and deposits in ban It.
* Corresponds with, "ID vestments, tax-axompt." Tor 1930. Consists or oblin&tions Of States and Territories
or polltienl snbdlvistons tbereof, obligations of InstrumentalItiea of th« United States, and cbJfgatioDfl of
the
United States or its possessiooSn
J
Gorrraponda with 'investrncnt other toau tax^ienipt" for t936.
« For method of tabulation "total asaftta" and "total liabilities." sc# fiiplaiiatioii, p. 33T For iftJfl. "accounts payable" and notes payable witti orijiina] oiatuFity ol less t k u one year constitute
*'notes and accounts payable." and bond* and mortgages with original maturity ot less tiian 1 year are
included
in "bonded debt and mortRBBPS-"
I
For r&36, itidQdPd in ""bonded debt and mortgages,"
* Vnltkie 1S3&, excludes "surjilus reserves,"
i* Consists of' 'surplus reserves,'' "paid-in or oftpltalsurplue," and "fiarned surplus tknd undivided profits''
(items 16, )Su and 19, schedute N, p. E, Form 1120), For 1936 the amount ol "surplus reserres" i « includBfl
tn "atbisruabIIIlie3." (Alio aceseconrt parasrapli. p. 23.)
u ConsLsts of negative, amounts for "paid-in or capital surplus" and "earned surplus and undivided
proQts" (items IS aud 19, sobeduJe N, p. 5, Form 1120). CAko see sec-sati paiPgr&pb, p. 23.)
is Gross sales less rcttima and allowancea wherfl Invcintorlea are an lacome-detertitiain^ factor. For "coat
of goods sold" see "dsduetions."
•f QroEB receipts from operations where Inventories are not an laeomB-deLermtnlnE factor. Far "cost of
operations" see "dediictinns."
" Dividend from domEstic oorporatfoxis subject to taxation under XitJe I Of the Ke-piiinje Act of 1936
(column 2, schedule F, p. 3, Form 112(J) which is th-e amojint riged for tbU computation of dlvldondsi received
credit. DivjOendsfrom curporatioBBcrEanlied undtirthe China Trada Act, 1922, ^n4.corporations 9ntit1ed
to tte bfneBTs of sec. EAI OF tbc1 lttvcmie Act of 1BB6 are included in "other recolptB."
" Included in "other rewipts ' Cor 1938. Reported in column 3, schedule V, p.», Form 1120, and not used
forl tho computation oidividends received Credit.
* Unlik« 1936, excludefi "dividendsfrom (or*ipncorporations-"
17
Consists of interest on tTnltwd Statas savings hands and Treasury bonds owned Id principal amount
ofover fSiOoo, reported as lt«n s, schedule A, p. 2, Form 1120. For 1936, this amount also Included Interest
on obligations of instrumentalities of the United States otber than those Issued under the Federal Farm Loan
Att, or sufth Act as amended.
1* Consists of interest on obligations of States, Territories or political subdivisions tbereof, or the District
of Columbia, or United States possessions, obligations ol the United States issued on vt before Sept. 1,1917,
Treasury Dotes, Treasury bills, Treasury certificate! ol indebtedness United States savings 6onda anfl
Treasflrjrbonds Owned, in principal amouiit3or$5,00u or loss and obligations of instrumentalities Of the United
States. For 133ft, interest on obligations of instrumentalities of the United. States other than, those Issuer!
under th« Federal Farm Loan Act. or such Act as amended, was subject Lo exces^prouts tax (see note 17).
ii Excludes ngntf«ftbLe Incorae othor than interest on tax-exempt obU^atloaa reported in schedule B, p.
% Form 1120.
" Includes taxes w>i3Db are reported In "cost of goods sold.11 For method of tabulation, see p. 20.
l f 656, 819
1
II Includes t&ues w h i c h ate repotted i s "cost or operations." For m e t h o d of t a b u l a t i o n , s e e p . 30.
" Excludes taxes reported undor "e&stof m o d s s o l d " a n d "Cost of operation?."
» Limited to 5 percent of a e t income before d e d u c t i o n of contribntiona or i»lfts.
» For UmitatiuQ on a m o u n t of capital loss t h a t m a y be a l l o w e d , s&a s e c t i o n ^ tol3 report e n t i t l e d " R e v e n u e
A c t s Of 1913-37," etc., pn p r 224-225, note 5 CfO.
»* Corresponds w i t h e a s h d i v i d e n d s p a i d " for 1936.
* Corresponds w i t h "stock d i v i d e n d s pftld" for 19S6.
*t Includes far a limited n u m b e r ul returns the cost oC securities purchased lor a m t o m e r s .
» Less t h a n IflOO,
" B i e l u d e s oonipensatfon of officers of life*1osnrance compstnlcs w h l c b file F o r m U3C-L.
"• Includes special u o a e x p e n s e deductlcm i t e m s allowed li!e-3.nsDf&ace comp&nfes.
*J Includes for a Unseed n n m b e r of. returns tbft coat of BficurlUos purehnsea Tor Customers anfl special noil* s p e n s e deduction iteica allowed life-insurarica oompanfes b n t e s e l u a e s c o m p e n s a t i o n of officers at luV
insurnnce companies w h i c h file F o r m 112H-L.
» Compiled net loss or d J i i t
STATISTICS OP INCOME
5.—Corporations submitting baitmce sheets for 1937, in aggregate and bt/
of returns, assets and liabilities OR of Dec. <?/, 7 #37, or close of fiscal peat nearest
net income or deficit, normal tax, surtax on undistributed profits•, excess-profits tax,
[Money figures and total assets
[For ti»*t defining wrt&iD iteuu? utid
PART I, ALL
Total assets classes
Total
416,902
tHst of returns with balance sheets
Cash a
Notes and accounts receivable (less reserve for bad debts)
Inventories
.__
Investments, aoverauuMit •rthHgattoDP •"
Investments, other than Ooveritmeat obligations *..,....
Capital assets—Laud, buildings, equipment [less depreciation and depletion)
Other assets
„
„
10
IS
Total asset J <
Liabilities;
Accounts payahfa«
Bunds, notes, raortjiajres payable:
Maturity less than 1 yi'ar ?a . _ .
Maturity 1 year or m o r e . - . .
Oftlwr l i a b i l i t y *
Capital stoct, preferred
C jl ]
fc
proilts
flurptus find
Loss dtificit
Total liabilities i
e*ab]p income:
Gross receipts from operations
24, 340, 271
40. 339,fl70
IS, 5I4,#>6
23.fl87.Jil0
Deductions:
Cost erf goods sold "
OoRt of fljx-ratiom M
romtienafttioH (vf nfliews J|
_
Rent paid on business properly
._._.
Bad debts
,
Intwcst p a i d . . .
Taxo* n»l(J, r>th«r th^Ti Income and *3fflss-pfofits taxes
C ODtributions or sifts "
_.
Tteitl
]4, 748,460
JO, 372,70S
40,320,317
27fi*12
303. S.17.175
lflfi, a&5r fiWl
23.fllS.0Z3
Total compiled deducttons » .
£50,104
S12.0.W
700.71*
241,1^3
l.fSftO,7W
523. S B
1.0TO, lift
,
£43,910
41ft, *fiS
1 » . *4C
?rfl6fi. 741
fiaa.. 10a
1,783,501
4, 170,
7. Bi)?. SS7
3SS,8
181.051
777, S33
2, 410
3fl7,S07
18,313
IS, MS
10S, 742
10, l$8
2.601,451
204. 100
Pih34l
2.957
4GS
SAO. 201
307
470,
SS&
402
7, 607, "60
13S.
4,040,265
777, «11
62, 308, 572
ir,R41.070
2,710.41A
1, S13. 747
733, IV*
131.130,103
T. 770,
rswfi
172,301
•10,704
Total tftT,
p
net profit less total tax (43 IPSS 48)
Di vlrtanrts paid:
Cash and assets other than
CorpnrriUinn's own s t w t *'
Clorpnrfltlnn's own stock 3a . . . . . . . . .
For Tnotnotes, aw. p, Sfl.
7O4,eoi
H5
tJ(t, E93
p-t capitat loss u
Otber deduct ions**
C o m p i l e d n e t profit or n e t loss <29 )«&s 4 3 ) .
No* 1 win me tir deflnlt » {13 l o s s 38) . . .
N o r m a l taT
Surtn3t o n u n d i s t r i b u t e d profits,
^
E
f
t
313. 527
4 h S82; 410
j . tax-exempt a n d taxable income:
I n t e r e s t on O o v w n m ^ n t ofclications:
Subject toexcpBS-tiroflts fax ! * . . . . _
Wholly tax-exempt L'_
Total complied receipts
00. KiS
HJB.1AJ5
100. 320, Iftfi
10. 704,130
Kents
Net capital pain
d i d n d s from:
Other receipts l
Under 50 j -50 ^
«S3,
S03, SC8
fll,4£2
Bfl.384
13<, 574
1.425
B
4.9OS
11,054,689
iaO,30J
43. 617
10,
1.073
103,277
4,674
S,0I3
J.O72, 504
7,500,915
-131. 33ft
i.
4.178
37,4 ra
I4.WS0
4,303
20,46.1
6.JK1.0S7
7. asn. fen
183. 1^2
M , B.T3
i, ma
an, 406
81
STATISTICS OF INCOME
returns ivitk net income and with no net income, and by total assets dosses: Number
thereto, cam-piled receipts and compiled deductions, compiled net profit or net loss,
total tax, and dividends paid
« I I H H In thousands of lioliiral
describing returns included, scs p 1-4 and 13-26]
WITTT B A L A N C E
SHEETS
Total assets classics ] — Continued
1D0 under
250
250 un<ter
500
-500 under
1,000
l,0Wimd«T 5.0M under 10,000 under 50,000 u n d e r 100,000 a n d
100,000
50,000
10.OW
&.000
over
$8,317
27, UH2
17, mi
17, SU7
2,620
2,281
35,5
394
1
564, 054)
1. £83,060
1,294,461
140, 481
l,037 f £8&
2,387,956
1,256,350
304,821
1,323,230
4, 705,154
3,166,165
6,541,131
3,244,807
2.594.03S
7,530, 783
12,700, SOS
1,4511,3.14
3,713,070
1,314,101
1,409,944
4, 275, 275
6, 133, 071
4,363,373
6,086.280
3,0441,326
S,(13O.SJ33
12.432, 338
15,228,312
1, 394, 24K
3,75-2,063
1,515,84)9
1,520,765
B, Ii5», 567
ft 3*2, 834
10, 418, 7S9
11, 966, S70
4,190, Sfid
13.715,453
SO, 006, 704
40, 580, 672
3
S
4
5
i
4, OSS, 24B
7^,473
2,006,309
1,158,651
323.120
1, 199.467
4,052,240
MS, 111
407. J10
503,832
1,4(19. 903
i.«ea,su
915,909
3, 685; 837
8
9, 283,11S
6,367,330
12,325,439
37,278, 394
IS, 180, 712
4U,«l,»3l
M, 047, 274
33(1, (M54, 092
9
I, IKfl, OM
340,320
2,036,974
097, 6M
3, SSI, 606
10
i, 9H, 0-»
ftil,4-16
I,i,57,8i3
K2^ 39R, Ml
6,307,230
7,0BM,655
5,595,JJ7fl
12,183.181
6,Bfl3>S7S
1,953, 784
3,409,313
S, 924, 645 30,411,133
11,124,251
K2,
713,171
6,106, 666
10,{^,S40
1, 150,138
572,723
1,313.434
iC, 641. 931 34,^47,374 13G, 664,0«3
U
13
IS
8ft?, 227
2,310.001
&54, 218
934,574
1, SS7, 7*13
1.023, 307
4U5, 33S
796. S4&
1,705.841
1,511.627
Ci412r UH1>
S6S, 761
1,B18,72O
2.510,774
794r&21
a. 73ft ssi
3.3S7.JS8
a,
si 0,3 io
2, fine cfls
1,171,973
1.951. 112
5,3,37,806
a. 200. ;wft»
2^447,884
10.006.001
S, 307, SSR
2.374.039
7S1, 473
2, 7C9, 557
4, 603, 244
1, 324, .SHK
4, 542, 4S£
4,151.912
1, 140. W2
*, 233,418
fiTSfi7.&9G 12,325,430
37,27S, 304
18, lSd, 712
10, OS 2,51 B
l.S09,0O7
ISl, 4Q&
i!Lp, 115
20. lffl
ft, 371, 609
1,070,800
77, 325
zur, uiB
25. r!7
8,358,852
l,0B7,61S
I0fi,072
10U,1?4
IS, 337r 463
6, 830, 6W
1, 091,124
I,«M. 337
1,285.048
i,t)3afi7i
1,033. OSS
P
£.431,J0a
333. RSfi
234, 47H
CJ5. 4U7
S4.8&2
33..tt7
7
nIS
lfl
17
18
15.G8fl.ft33
3,307,215
A,»i,969
lf7a8,30fi
161,205
1^101.896
7,4fiO,13O
1,310,722
40, J44
19,923
231,003
3 i 115
95^935
am.
oss
26,213
21
31
23
1,41A,9S9
114.273
1J2.K23
24
25
26
121,408
297.319
27
3)1
29. 256. 767
29
14,022.706
4,181,058
00,314:
224, 734
117,8fl.r.
I. 166,655
1,010,180
5,156
913,2fll
170,1^1
12, 372
$,265,007
30
H
32
,126. ftSO
IS
20
21, 405
l r 744
JOS. 397
31,301
?»l
90.U27
£3,300
1,361
P3TS0S
231,107
fl. 37ft
20S.6S2
1^,312
A. 844
73.Q14
410,063
3,^271
lWXOiST
a, 275
1,873
S,8SS
13,553
55.850
52,297
19,834
7. 146
25,305
IGifi'l
74. 841
12. 303, 155
8. 794.293
0,830,156
21.929. 642
8, 451, 730
16, 522. 206
S.0S4. AM
1,075, 16a
445, .537
155, 831
78.S3I
124,001
lfld, 2S7
3,074
184. 52i
1ft, IS?
6, 532,108
443,768
333,836
14,094, 909
929,092
352, 128
199,630
132,1111
11.034
],aiir$42
in.
431
•568,841
7,001
49ft,flIS
Ii7, HS1
24.fi77
3,4574,550+
5r 163. 657
405, 17B
H0,ftS7
73,376
51, 143
178,535
340,779
3,143
am, 27B
gji, ire?
8.705
i, 440, n&^
ll.lOftiWA
1, 232. » 3 t
146,330
]07. 3CS
SO, 156
43t. 135
MS. 856
5,586
571,496
91, 57*
l, TSS, 673
6,644,013
463,016
286.704
1QS. 593
.59, 434
123.198
IEi3.fl77
2, 259
170.307
I3,4&t
1O,2£3
I, 470, r>E)2
3, ZR2, 450
<J3, 421
37, ,121
27S.S22
33&. 0C3
1,SK7
271,05S
72L849
2^237
1,4)10,321
12,158.94 ft
G,5S2, ISO
Bh 512. 773
20, S21,701
7, 909. 433
17,882, Sfl7
8. MO. 826
2fi, 16fl,S10
41
42
m. am
242, IM
23*, 98S
43.374
H.076
3, 761
317.383
303,82U
55.504
13,87.5
3, 3SS
1. 107,940
1,055, 043
]72, 540
38, 067
0,683
542.300
516, 995
77.832
15. 120
3,344
l,f>jn r «W
1,56*, 997
216,008
2S.3I0
7,298
7M,S7O
724,408
S.I, 603
8,338
1,272
a, OWM67
3,823ria*
304,74^
39,410
3,389
44
4!
46
47
7*47
176, S37
37 ?3fi
10, OK4
4.071
ett,47e
61,049
140. Ki3
337,157
2,314
19,393
37,4fid
9, 282. CS6
5, 194, 4flO
7*a 27i
34
aa
36
37
ft
3i
40
43
51. S31
38,713
72.731
220,299
«6. 296
252,110
ioa, 202
319. 543
4B
12&379
183,121
244, « a
367,651
44^001
1, 337, 721
646, ft£
2,P43,flO9
49
533,963
35fi. i»4
10,1)71
314, W5
12.5J1
973,086
33,077
465,763
3S, 477
1,371, 92S
3l,ttSf)
747, 901
13,030
2,725,4J56
42,457
BO
82
STATISTICS OF INCOME
T-A31E 5.—Corporations submitting balance sheets for 3DS7, in aggregate and hy
of returns, assets and liabilities as of Dec. SI, 1&S7, or close of fiscal year nearest
net income or deficit^ normal tax, surtax on undistributed profits, excess^profits iaxt
and total njiaet*
PART II. RETURNS
Total assets classes •
Total
1
n
3
4
6
e
7
SI)
Number of returns with balance shoe t3*
.
Assets;
Cash"
„ .
N"tjt«5 and accounts receivable (less reserve for bad debts)
Inventories
l
Ijnrestiaeuts, GoTBrnment oWiKBtlonfl
InvcfltJneats, other than G o v e r n m e n t obiiftations«
.
Capital assets—Land, buildings, e q u i p m e n t OtSS depreciation and depletion).
Other assets
,
- Tnt&l BMets.!
..
Maturity 1 Tear or m o r e ' . . . _
Other Uahilitiea B
„
6n
7
Capital stock, preferred..
r!&plt;ft! stock, eoitin^on
_.
Surplus and undivided profits •
T,css deficit"
ft
0
1
fl
4
5
T o t a l ] labilities i
,
...
.......
......
„.
29.092
43 LI 2 IS
344, m
Sis!629
131, «S
2&! 09ft, 050
.
„
.^. .
.
2, Oftl, 2*12
149, 175
107, 474
J»'777
45,4fl2, 349
,
14^011
Idft,749
328, S72
Mi 662, M0
.
Gross receipts from operationsl*...
.
Tnterest . . .
^
... . „ . .
i.^nfl! isi
1,444,875
733,349
183,045
77.1S4
392; 817
l,M0,Mt
2, nftl, '2fi2
ii i n 834
"704! 284
10, V?4
7,371
41,340
2,438,202
Other r e c * i p t 3 " , . . . .
7
a
iTiterrist on Onvornrnent oTilIfratioiis!
SubJect to exwss-proHts tai L * Whnllv t a x - e x e m p t "
9
Oost of ponds anlrt i*
Compensations rtfofllccm
Interest naid
...............
--
n
. _ _ . _ . . . .
-
-.
....
r
Taicts paiii other thftaircome and t s o w a profits t f i i c s M . .
ft
7
T)4>r>rpciation
IJenletlon
1
34.5S5
495
3^004
2U>; 330
172
137
18S
1 H7.02S.013
4, QW, 245
4.7*hei9
623^75
Total compiled r e M i p t s "
!)
1
2
1
4
t
75,810
«, 2B1, tt>2
-,-..,.
ft
2
.
Receipts, taiabiclneonie:
Orosa sales l l
Reals
V e t capital rain
SO under
100
l,ftM F HH
,,..._„. ..
Bonds, notes, mortcr&Fss payable:
Matnrity less tbau t y^sr *
l
Z
3
«
17,747.024
3Q, 267, &74
14,957,396
1fc700, 72S
JS3. 6*0.1&3
61,fi88.fl78
,....
n Liabilities:
Accounts payable' . ,
4
178,935
Under 60
1, P77! 7S6
1,030,158
417, &13
2, SW! flflfl
39.029
S.39S.30S)
394, 720
]B, !S^334
Other deductions, ss
sa
Total oompllod deductions Oomnlle'l n e t1r r o f l t f29 less 421 , . . - . .
tiet Incrtncft t MS lea? TW
07.426,772
....
-
2,939.010
6117,018
320.0FS5
aziaiB
57, im
776
53,518
' 385^ 4»n
233, S58
7f),3B«
57^ 805
1J42
52,SJ7
3,3111
UHfil
4. B14.101
lfl09,S12
1+fi. 144
147,(504
147. 4lfl
t4.flR0
1
r
F < S3*XStB l tK l b ™ l a d PIWflt3 - ' "
Total t a i
)
)
,
40|70*
..
1. MS. SB2
nomT>H«1 t i ^ t n m n t less total t a s {48 less 485
Cash aru1b (wwsts nther tTiiw enrporation's own stock **
Conidcflt-ioii's own stook " _ J . . - .
.J.
For footnotes, see p. Sfl.
7, 0fl4.212
4.' I7fi
2! 033
2,44a
31.46,1
21.368
12BP fi7ft
ise, aao
87, 48*1
89.17B
S3
STATISTICS OF INCOME
returns teith net income and vntk no net income, and by total assets clauses: Number
thereto, compiled receipts and compiled deductions, compiled net profit or net loss,
total tax, and dividends "paid—Continued
t In Lbou&nda or doilua]
WITH N E T INCOME »
Total assets classes i—Continued
100 under
1 M O u n d e r fi.000 under 10,000 under $0,000 umier 100,000 Sa<2
50000
100,000
10,000
6,000
aver
350 under
500
5D0 under
1,000
31.661
18, W6
10. FSI
11, 575
1.763
1,621
2fi5
301
390,709
1,217 OflS
S74.252
77,109
338,787
1.7*0.63*
MS,J»2
586. T22
1,403, 72^
852,196
225,176
689,774
1, G3», lOt
771,823
1,681,330
944,72©
424,381
1.107, 7*0
2,S28,824
2,8HdS3
t, 1«4, 589
1,036.409
1.080.738
977.442
2, 955. e£S
^678^791
8,057.471
4, 602, 412
3,033, 413
3, 400 1&6
3, 514. 491
ll,0TS,7fi4
1, 579, £45
E 241, 344
1,392,086
1, 139,(411
4,899.154
6, 454, 61$
7,512,737
li.642.C02
3, 805,34Q
6,8«4, liftf
30. £57,7SI
26r 2J8. «03
3"
4
5
3,024,512
fi, E6B, 039
250
«*IH
4, IW(1, 420
2, 5 % 004
1,771,718
4,094,159
6, $23,404
I
tt
T
278,117
349,404
453,229
1,325,331
«47, 260
1,940,925
S
7,938,970
34,213,092
12, 247,090
33,544,067
18,354, 139
87, 083, 453
9
flO8,BS4
1,457.831
236,933
m,m
734,634
2, 808, 331
10-
4S 1,043
1, ifiO, 089
% B34, 274
&S1.S40
3,208.540
3,317.010
224,391
$95,815
4, S7U. SIB
7,034, 7 M
2.607.817
SH -86T, 589
8, 571. lflJS
294.265
440, 303
3 , ) 13, S97
S,G6Sr7Sfi
1 48S. 558
4.30S. 033
4.364,122
59.8P3
1, $46,574
13,464,072
20, 003.827
e, ftj.'s.flno
25,513,334
18, 257, 263
13S.449
11
12
IB
14
IS
16
17
12, 247,009
33,544. OftT
18, 354, 139
87 r 083,453
IB
13, 28ft. 119
2, E6fi, 811
212, 249
85.061
30,870
6, 201, Oil
1, 312, 737
123.400
36,647
9,645
10.792, 736
4.SA1.133
574,133
120,187
21,735
63, ISO
3SS.O3fi
33,340
127.303
267, 2fiS
3i, SJT
78, o£2
1,3X1.973
111.644
107.359
24
25
4*
27,888
31,973
1MM
16,257
3V.E33
43,145
1G,3M
19,333
91, MS
86, etiO
ZT
2S
7, 675. 334
17.711.4S6
6.8?8.73fl
16.811,156
S.DflO.870
24oeo,i«J
29-
5, ma, M2
4.B17.44B
S9S, S03
72,312
S4,S53
2ft, 849
fl4t717
4,m&00
12a isi
14,236
3,540
1,072,555
11,403.076
C&4.817
2*6.374
149.519
73,346
191, S43
410. 302
6,521
335,669
4R.G12
7,754
2.709.753
7,053,810
7. KM, 785
381, 248
376.939
468, W l
460.»67
43,374
11, 07fl
3,761
AS, 5414
13,S75
3.355
M l . 426
428. 684
4M, 140
438,430
242,922
1,9S1, U S
1,058.283
273,680
415, 40Z
564,001
960,205
330,609
1,045,279
1,323,105
200,884
432.237
634.377
1.&40, SL5
4B9, 700
2,300,803
1,103, 70fi
27*5.093
6.024, 612
6,869, 639
7,536,970
24,212,092
7T 331, 641
1, 167,fl01
33.397
98.036
13,342
6,430,26$
Tfl'2,334
5C.0$0
59, 72S
15,161
6,556.750
72a S13
73,421
S3. 751
17,330
is. 116, on
18,260
1,626
75,206
27,775
739
07, 50S
47,798
1.142
71,005
212,128
8.83E
163,2*7
1,255
1,129
4,153
4,253
7,142
8,2(14
&7Hft92
7.434.G5S
fl,783,Wl
633,604
333.788
106,085
43,ft55
53,773
118,643
1,713
109,598
7.0B4
2,060
1,17a, 258
5,022.551
SSf;, 045
233,804
77.S93
36,4)05
Aft,35&
120.801
103.7«5
1 1 , .TOO
3,036
1,05ft, 766
3,306.842
347,750
343,020
37.72B
10.034
4,071
313,801
lfifl, 524
70, ROO
S3. 73,1
Ffi, 701
147, 507
5,043
1,121, 607
1, 992, S87
t, 920,050
1, SS5, flO9
S, 823,378
6, 112,372
600.939
1,726,637
240, 741
140,000
43,952
781, 007
10\ 101
63.779
16,996
134,004
5.242
13
20
21
22
Zi
XCH3
150,340
3T.308
2,304
l,110 ± 40(!
473,7 AS
3(1.758
51, 900
10,925
Ifi2,1S4
276,0^0
1,817
212,185
55, SS£
1,444
1,101,827
13.S91.319
3,261,646
74,052
191,397
91 4&S
700, ftSO
770, 191
5.014
800,023
155,909
fi, 747
3.SO0.O47
30
922,842
121.1&7
139, 146
47,982
274. 3S4
452.819
5,382
462,214
67, 643
4.2SB
2,772,010
14 274,985
C, 211,344
14.950.808
7.211,070
20.Sie.514
42
1,436,500
1. 40*. 527
066.892
651,035
1,851, 253
1.808.113
8S5,191
865. BftQ
3; 270,663
3.183.094
4»
44
172,540
38,007
9,683
77.832
15,120
3,344
21&. 00A
28, 810
QG, 003
6,328
1.272
M4.746
3fi.410
3,389
45
46
47
18
31
32
3334
3JS37
as
39
40
41
51.831
58,713
72.734
220,289
08.396
252,116
105. 20*
3«,54&
48
396,9)9
332.535
80S, 867
l,21fi. 211
570, 59&
1.599, 142
779.989
^.•934. 106
49
234,573
6.050
249,013
&, IS*
303, 870
11.730
Md 743
30.940
452, 577
25.327
1,343, 402
30,056
724,321
17,906
2, B73, O7«
32,457
at*
it
84
STATISTICS OF INCOME
T A B L E O.—Corporations submitting balance sheets for 1987, in aggregate and by
of returns^ assets and liabilities us of Dec. 31, jf#?7, or close of fiscal year nearest
net income or deficit, normal tax, surtax on undistributed profits, excess-profits tax,
[Money Atfure* and total assets
PAKT III. RETTrifVS WITH
Total assets classes1
Under 50
Number of returns with balance sheets '
237.967
---- •
Assets:
Cash*...
,
.--,.
Notes anrl accounts receivable (U$sreserve,toebad <V*tH?.>.
inventories.
....
Investments, Government obligations *
Investments, other than Government obligations « . . . .
Capital assets—Land, buildings, equipment (less depreciation and depletion).
Other assets.-.-...-Total assets" Liabilities:
AoGflimtR paynWe * . - .
B o n d s , notes, ittortKsgss payable:
M a t u r i t y 1 « H th(«i 1 year *
Maturity i year or n i n r e '
Othoc liabilities*
Oapital !ttoclcr preferred
p
fiucrit
Less deficit i»
B, SSQ. 247
,6Tf
287. flh3S
11,913
3l!08£^at»
SR,fi31,i92
1,130,8n>
SIS, 2B7
2. , 1 ^ P3I
105.
N e t capital gain
"Dividends frtf m:
D o m e s t i c corporations 13
For^lpn c-nrporEitiona '• . .
Other receipts 1 3
Receipt*, tHK-eiemrt a
tas
Interest o n Ooveruuient •obligations:
741,240
397,062
US. 43S
298,115
l 3 l ! 703
1,78S, 7f52
310, 51C
lO3S4fl
10, 102, 69S
1, W>7,0BS
Jp
Net oajhlt.nl Inns "
Other deductions w
8. SOS. 348
i, 112, 7A9
733,492
M64P
p
74.0OT
1,00.1
7
T M - rout tin t e s f s o e p .
2,170,05*
7,737
63, D20
4,063 j
1,337
4
2112
2U
57, S13
% Sr*L S53
17,430,355
5,W>3,?fL2
832, es»
4S4.MS
31^362
1,
flfitl.090 •
105.431 fl
110.199
fi, 310, 03»
3.440,10(5
1,081, a?«
1W.60?
33.971
38. 9fifl
?7, 382
83, 474
1.3S0
lfi.041
33.703,331
Cmnpilfni net lnsft (29 less 42)
,
I
iwficit » (4S less SB)
D i v i d e n d s |!nld r
.
Cnsh Mid sssivts other t h a n corpwation's o w n stuck *
Corporiiti«n J K o w n ptock M
>
mtsm
a an, iss
4,25^604
1 5S12fi2
TOEOI compiled receipts ™_
Deduct in us:
Cost oJ so.jds sold i».
Cost o/ operations * .
Compensatinn of officers «
Rent on tiiislMKs property
•ftart AeYrts
Interest
Tuxes Tinfd, nther than income and eaeess-proflts t a s e s ".
Ooutri but tons or Rifts « .
..
.
,
l, 133
, 3l, T
23,240.287
44,1M, iUS
, 9i 5
20,779.508
Total liabilities '.
Iteef ipts, taTnbie income:
Gross sales L1 -Oross receipts from operations
I t t
50 under 100
i, fim,fi7i i
192, IfJ.=v
113, 0M
2l!240
tS, 10B
25)2
50,400
l,fiS4
, 960,003
277.481
6
109, 750
7,17J
121
7,232
1HL
STATISTICS OF INCOME
with net income and with rto net income, and by total assets classes: Number
thereto-, compiled receipts and compiled deductions, compiled net profit or net lass,
total tax, and dividends paid—Continued
classed In thaounda of daliai-i]
NO NET
Total assets classes 1—Contimifld
100 under
250
350 udder
EO0
27, Ii6
11,416
173,280
67U982
42U.242
(U, 282
3M,1G1
2,2Ufi.424
3W,4H
97,944
609,393
2,117,146
2»5,716&
700, «a.i
314,825
133,900
715,447
2,376, 32£
2£&5£9
130,372
525,715
4,25&flO6
3,^«,347
i, 796r4fl0
083,383
436,300
44% SOI
50k WO
1,093,643
5^,878
253.412
1,755,713
M i , 954
1,012,008
360,445
1,141,840
542,421
272,471
1,4.42, WO
616,597
822,804
426,523
1, 284, 344
676.061
324,^21
1,601},.MB
814. 3S1
4.25&908
3.99^347
2, 760,97S
651,40S
1, 935, 341
314, W3
21.236
1*3,750
6L13, 0 8 1
123; (179
(V7S*
10,580
3.145
lift
30,391
3.52fl
J56
23,073
1,020
1,107
500 under
1.0UU
3 , 5Sfl, • 5fi3
441, IW8
114, 73S
4ft 745
W, 17(5
70,231
80, « «
ft. 322
657
660
DO
103
1
&fi&, 1S3
447, 2fiS
f75,(jei
S3?., 364
132,452
1, BIO, 417
2,4SO, ISO
1, at*, BOS
314,402
51ft 718
133, 733
3S7.1S4
1,700,413
2^6^010
2,908,053
2, 424, 474.
385, ail
Sy 050,865
19,747,^154
14,327,070
2
3.
298,(09
1, 738,012
1,S^71O
fi39hSfl3
K2Z, 33P
2,520,523
5, 777, 164
241,273
J3,0fifi,3O2
fi54, M6
S, 293, 13E
4ft,5!SO1(j»
»%33i
5fiSpl45
283,02(1
743,635
10-
330,435
194,143
3,193, 634
1,G££,H2Q
4B5,227
i,tuG,&ii
743, M4
512,895
367, 47S
S,933,S8S
29.85S, 241
1, 336, 27fi
4,897,799
4, 455, SO!)
1.014,688
11
9,293,135
4^. 580,639
IS
19
2SJ,fi36
7, 2SS
1, 309, 170
2,608,997
712,589
170, M*9
4,478
335
17,113
26.4GA
as
29, Ml
J80TC59
27
29
i, too, f,m
916,171
•3,78S, 16&
13,066,303
5,939,613
lS.CH7r»64
1,602,102
338,304
27, 661
41,423
9,610
3, 221,392
1,141,092
310,117
43, 491
31,112
0,560
l.TVO.Bli
WO, 404
114, 401
59,999
9,474
lfl,3X&
IIS
536
45,425
21,71?
1,931
22,7o4
92,895
S4,479
21, M5
1, 70S, WO
442,713
]F3;i2, S42
i,oa4,&tia
15,434
3.63-9
37.895
3,003
2r3C0,235
2^254,709
4,238,156
1, 573, Oftf
2,711,048
] , lfiflr S36
5, 107, 59S
1, C2L, 902
i as, 07i
f)2, Bl)
138,71(10
24.41S
W.S40
73,«70
1,307,131!
139, S77
47,302
2,ft(G,S33
<!74, 875
fifV.7W
50.320
W.770
ITS. 538
168,533
S4fi,192
i3B, 2ra
17,675
IB, 517
24,244
K3,818
Brj,4fifl
I, 500.071
310, OM
23,19a
461,411
26*, 619
1, J31, 337
1,697,212
16,20]
33,437
20,430
4f5.\9l7
245,9»e
mi
162,943
]y, &wi
429.387
WiA, 151
in, $22
JkftOL
32^647
3,763,102
2, 4W. 340
2,40/^038
4.MF. 71B
1,697,594
169, MS
170,2S3
139. I l l
1B1, 219
sis, ^ n
124,192
134,040
a 301
7,471
tig4
13, ISO
ISO
348, SS5
10h13S
731
E7, 343
3,023
fiBi 936
ia"i9
as,iE6
41,145
156, T3S
9tt,037
304
109,282
23,tfS4
40,407
a, i»j
o. eso
13,512
17, 59G
113,660
57,633
TO
W,S67
15.W1
ia
lit
14
13
1«
17
21
12
23
2^
Si, 3Sfi
71,409
231
9,118
ai, eye
475, S79
1,747
5.349
27,314
73, Sfil
7
13i,0fi7,B64r
3, 345, US
3. 279,419
881,075
3, 333., 613
2,385,22(i
1, 773, 120
70i,S22
5
U
n,KG,fil3
G6.542
7,fl25
7, IS5
413,32ft
77.9W
3,033
1, 5B3,&J7
374,&1*
l,230b3Sr
3,fll7,74T
4,149,459
532,027
2,729,336
5,161.426
802^001
% 256, SCI
2,064,445
1,019 177
744
1
1,000 under 6,000 UDder 10,000 under 50,00ft under 1CK},«W a a d
1WI.W0
10,000
5,000
over
30
31
32
33
34
3Ji
267,4&$
113,180
14, 23fi
fi, 625
1, 39C. 960
30
37
3S
39
4<l
41
2.022,4(50
1,310,147
& 347. TOfl
42
211.420
243, LIB
133,321
141,450
ISO. 199
43
23,527
1,204
2a,fiftrt
S2. WO
10,000
793
1^1
14S
44
4fi
4tt-
86
STATISTICS OF INCOME
* Far method of tabulating "total aaftets" and "total liabilities," see explanation, p 23.
' Excludes returns for inactive corporations and returns with fragmentary baltmw sheet data.
• Includes cash Is tfll and deposits ID bank.
* Corresponds witb "investments, tsw-exeiapt," for 1986. Consists al obligations nf States and Terri.
tories or political subdivisions therenf, obligations of instrumentalities of rtie UnEted States r and obligations
of the United States or Its possessions..
'1 Corresponds wltb "investment other than tax-exempt" for 1936,
Far 1336 "accounts payable" and notes payable with original maturity of less than one year constitute
"Notes and accounts payable." and bonds and mortgages w jtk original maturity aTless than one yoar ara
Included
l a "bonded debt and mortgages,"
1
For 1996. included In "boadod debt and mortgages."
s
Unlike 1936, excludes "smrplua reserves."
* Consists of "surplus reserves," "paid-in or capital surplus," and "earosd surplus and undi vlded profits"
(itema 16, IS, and i», schedule N, p .fl,Form 11205 • For 1936 theamount Of "surplus iesarvBS" was included
in "other liabilities," (Also gee second paragraph^ P< 23.)
"cost
of goods sold" aee "deductions."
11
Gross receipts from operations where inventories are not an fncome-determinLZK factor. Includes for
a limited number of returns the cost of securities purchased far customers. POT "cost of goods sold" M*
"deductions."
13
JDrndeiids from domestic corporations subject to taxation under 'Title I of the Revenue Act of t93ft
{column 2, schedule F, p . 3. Form naO) wlifct Is tha amount used for the computation of dividends received
credit- Dividends from corporations orgaafrad under tbo China Trade Act. 1923, and corporations entitled
to Oie benefits of section 261 of the Revenue Act of t&36 are Included in "other receipts/'
"»tli«-wceipU" for 1835. R*pocted to column 3, schedule Y, p. 3, Form UM, and act used
e [ E n n n t tJ nr dd li Bi lt ta n x wi eO
O I EIIU
i» Unlike 1S3S;. esoludes "dividends frum forel£H e o r p t
i» Consists of Interest an United. States savings bands and Treasury bonds owned In prtn.nlpal amount of
over $5r000, reported aa Hem 3, schedule Ar p . 2, Form 1(20 Fat iB^f!, this amouat also included lutereot
en obligations of instrumentHlltius of the United States other tban those issued uudec the F«d«nal Farm
Loan Act, or such Act as amended.
» Consists c< interest on obligations of States, Tenrftori*?, or jwliticftl aabdivisioas thereof, or the District
of Columbia, or United States possessions; obligations of the United States issued on or before Sept. l, 1917,
Treasury notes, Treasury bills, Treasury certificates of indabtedness: United States savings bonds and
Treasurr bonde owned ID principal amounts of SJ.000 or leas and obueatlcas of inEtruTnentalttles of tbe
TJnlted States. For 1039, Interest on obligations of instrumentalities of the United States other than those
issued under the Federal Farm Loan Act, or such Act a# amended, was sabject to eiross-proflts tax (see
not*
IS).
19
Excludes nontaxftijle income other than intArest on tax-exempt obligations reported in schedule B,
p 3, Form 1130. Includes for a bmitad number of returns tha cost of securities putrhweHi 1m cuatomers.
i' Tnoludea t&ies which ai* rtportftd in "oust of goods sold-" For method of tabulation, see p. aO""Includes taxes which are reported in "cost of operations." For method of tabulation, gee p* ft. Also
Includes for a limited number of returns tbe oast of securities, purchased for cuscoraers.
" E.idudffi compensation oi offiMrs of life issurimce companies wuicb file irotm 112D-L.
" R-jceludeS taxes reported under "cost of gnoda sold" and "eoat of operations,"
B
Limited to 5 percent of net income before deduction of coutiibutloas or 0fts.
" Fdr llrnltatftin un araount, of capital lass that may be allowed, ses section of this report entitled "Revesua
Acts
of 1913-37,*' etc , pp. 224-225, rote 5[<J).
11
Includes- special nonennense deduction items allowed life insurance companies.
* Includes for a limited number of returns th* cost of securities purchased for customers and special nm>Bxpense deduction items allowed Jifa-insurants companies b u t esoludes compensation of officers of life*
Insurance companies which (lie Form 1L2O-L.
" " N e t income" or "deficit" is tha net income for eioeas-proflts tax computation (item S8. schedule A
p. % Form i]£0j wljlcb 1s equal bo the difference between "total Income" and "total deductions" (items l i
and ±7, respectively, schedule A r j>, 3, Form irM- Tbe classification of tbe returns into those "with net
Income" and "with no net Income" is based on set income for csoees-proflU tux computation. For comparison of the amounts of net Income for i(ft7 and lftHJ with those for years prior to 1S30, see p. Z. The diflerSUM betwHjetl 1937 and 1933 la the bates or the clatoiflcation of tbe returns into those "with m?t income"
and " w i t t no net incomB" is stated en p . &.
18
Corresponds with "casb dividends paid" l
* Corresponds v l t b "stock dividends paid"
m Compiled net loaa or d«n«i:.
'5 Compiled net loss plus total tax.
87
STATISTICS OF INCOME
TABLE 6.—Corporations submitting balance sheets, 1&S7, by total assets cfasses, in
aggregate and by major irulusirial groups [by returns with net income and with no
net income): Selected assett and liabilities a* of Dec. SI, 1937, or clone of fiscal
year nearest thereto, selected receipts, corn-piled net profit &r net loss, net income or
deficit, arid dividends paid in cash and assets other than the corporation's own stock
[Moray Affima and total u g e u clwwe In tboqa»nde of dollars}
(For text defining certain itains and describing returns included, see pp. I d and 19-26]
AOaREGATE—HETUBNS WITH N E T INCOME «
>T umber
Cash;
of returns notes
and
h
account*
balance
l
Total starts
Under BO
.
.
75,810
29,092
31,061
COuftdor JOO
100xLnd*r250
2a0und*r«»..
aoontid*r i,PTO...
1.0ManderJi.(M0.
s h o0ounfer j^OW
10,OW under 50,0ML
60,000 under 100,000
100,000and o v e r . . . . . . .
Total
18rfi76
10.781
Il,fi75
1.763
1,631
281
,
600,054
I, (!0T.Bfi7
1, 940, *51
2, iSS. 152
7, 067, MS
3,100,005
7,0SB,88Z
3, SSI, 190
19,136. S39
Under 50.
50 under 100
.
100 under 250
,
350 under «W
500 under l,0CO
1,000under ajOOO..
CO00d
D00
10,000 under 50,000
50,000..
00,000 unr!er
100,000.
--<-—
100,000 and ov«r,
Total.
Total assets
Under S»._
60 under 100,
100iiQd»250
a(0iiQderJ50O
BOO u a d « If«W
1,000 n r d e r 6 r 0 0 0 . .
B.O00 under 10.000..
10,000 under 60,000.
60,000 under 100,000
100,000 and over
Total
TOT footnotes, s&e p. 139.
344, &M
413, C«J4
S722
2,886,00*
1,0801738
2,085,413
3SS
Acootints
payable'
328,872
310218
003,014
£23,020
541,430
45fi ]2S
1 1,487,831
734,(534
2.806,231
Maturity
Insa tl\.dn
i year *
HO, 175
2CO.S4O
42Si84
Capital
assets ^esa
deprecia-
7J5,9fl
1,750,625
1.935,104
2,329,824
4W
«. 454,818
2 B O 2
17S.O35
51,668,8716
BDQ<3S, notes, uiprtTotal assets classes *
Inventories
Maturity
1 year or
more*
107,471
187, 693,050
Preferred
S&J77
77,1S4
Surplus and
undivided
fl 1
deficit'
Common
653. flTO
SS8, B38
1.BS1.118
1, 945, 2™
2.3OO.W3
0, 623,378
3,300,640
, 0 , AS9
4,308,033
26.613,334
440,303
1, Mft 574
IS, 110.982
26.OS3, W0 13,363,317 . M.M2.W0
330, EOS
490,700
1, £85, SCO
S81, 840
2,607,817
1,489,558
5,^25,800
.
244,122
7*4,703
1,122,221
1.MT.613
8^279,639
^11433
4,303.259
1S.1S1.&1*
p
Total
Compiled
infofne Cash and
compiled aet profit or Net
receipts * net loss ii or deficit'
thancorporatloB'ai f
tk
Gross
sales'
Gross
receipts
from cpwt l "
3,741,583
1, 117, S34
7, 'HI, 641
3 S »
S, MIL 750
15> llfl, 071
3, &8&,Q73
13,288,119
«,»U04l
16, 7*2.730
1, 1*7, 001
702,334
728,813
1,726, 837
781,007
468,601
1,43ft COO
1.312,72?
4,«51,133
HT.604,
3*7, ?S0
7.ftL2S4
15.7OS,
1,644,609
2, 0B1,393
A, 034,612
5 8W«a9
, ,
7,635,070
34, 212,093
12, 247.009
33, 544,067
IS. 3M, 130
S7, 083, 463
Capital stock
175, HM
465> 14I>
564,001
334,977
1,00^687
1, 109,089
i, 370, SIS
3, 113, GOT
13. 463, 072
432,237
1,121, 607
assets—
Total
liabilities =
107,023,913
145,972
14,7,-415
S7. 480
8S5. Ifll
3,270,653
M«sa
378,^8
400,307
1,404,527
651,636
1,806,118
RBI, 850
3,183,904
224, 573
246,013
303,870
046,743
452, S77
1*343,409
724,331
9,601,341
0,391,521
7,094,333
88
STATISTICS OF
TABLE 6.—Corporations submitting balance sheets, 19S7, by total assets classes, in
aggregate and by major industrial groups (by 'returns wil-k net income and with no
net income)i Selected assets and liabilities a& of Dec. 31, 1937', or clnae of fiscd
year nearest thereto, tel&vivd Teceipls, compiled net profit Or net loss, net income or
deficit, and dividends paid in cash and assets other than the aorporaiion's own stock—
Continued
and total wet*cUsacg In ihou&tndH of dollars
AOOREOATE—EETVRNS VtrITE NO NET lN'COME i
Number
of returns
nolfB and
with
balance
sbeets t
Total assets classes *
Tinder 50
^__
5fi trader 100
100 under 2M
260 under 500
_,.
WO under 1,000
1,000 under 5,000.. —
5,000 uad«r IftOOO
10,0*10 under 50,000 -,60.000 under 100,000—
100,000 *ad over.
Total
,
37.1M
11,+lG
604,1*3
474,71S
S44.2S8
Inventories
450, 592
420,242
30C.4AS
e.soo
85T
CrtO
00
103
—.
; 7 ,
B25,
0
374,914
128,733
3SA
Total
f
assets (loss assets—
Total
d[)feci
liabilities *
tion)
1,190.670
% 117.1«
a 376, 329
5,777,164
2.4P0.180
4.149, 460
2
5
4, 253,
3,0G&
4,78*469
327, 070
IB*, 763, 225
237,967
Bonds, notes, raort
hl
Total assets classes »
less tlia-n
1 ycflr*
Under 50
SOunrtw 100
100 under 250
,
3.10 under 5 0 0 . . ,
500 uudor 1X0Q
3,000 under &,MD ._
5,rmound^r 10.000 .
IO,000 UQtler 50,000.
W,W0 under 100,000
100,000 anil O ver
741,
3 , (
303
683,3!i6
426, SOO
80\
5flO,
263, (M0
743, 635
397,062
Undergo..,,
SOuadtrlOO
3S0 under BOO
.
600 under 1,000
1.000 under S,000
5,000 tindw 10,000. _ .
10,000 under 50.000 .
Efl.noO under 100,000.
100,000 and over
Total..
For footnotes, see p. 1.SE5.
Gross
sail's t
4.25S.S04
2.170,055
1,9(35, 341
1,803, 102
£,221,332
1,141, COS
593,^27
1.309,170
455,436
4 S3.3(50
380,44(5
1,1*1,840
629.505
3r
532,037
J9+,
3
3.34.1,
.5,355.902 : 4,261,724
Total assets classes3
Prcltrred
Ornss
from opert l «
583.223
6EJ,40T>
314,533
318, R04
704,522
310.117
640,404
47^59
2r 608,99V
2C2.413
2 2 h 47]
Surplus end
undivided
profits 1«S
Common
dfti^
1,782.71(53
J.OH,8S3
1.7.^,713
J4420
Ml. 97ft
442,743
R03.00I
465^227
1,338,27ft
4,(107,768
23,240.367 | 4.B95.53R
20,77fi,&08
2,133,634
g93306d
Total
5, 903,
28O
. 583
23
2, 2JS4, 7fl3
1^1^156
1,57^002
1, 1S5, 82fi
5, Ifl7, 5P&
i AIR
I* 1.249.452
"SS4.7RO
M,4S
512, ]r>3
1 IS, 722
1,(WS, 287
2S0,fi7O
3,441.220
nrt ivrnfl
i
<?t los
M 277,481
H 109,7M
H lew, 334
•*13A, 114
» 1&1,S1«
i+ 323, am
» 124, SWA
1+21U420
" iso, ina
» 277,
!' 14Z001
13ft 508
134,640
MS. Ufi
141.450
300, 8jyi
2,085.
7.173
7,23?
0,391
7.471
10,13ff
27.343
)3. ISff
23,580
•5Z.39O
89
STATISTICS OF INCOME
TABLE 6.—Corporations submitting balance ah^Hs, 1987, by total Q$$eta cla$9e$, in
aggregate and by major industrial groups {by rnluTnn with net income and with no
net income): Selected assets and liabilities as of Dec. SI, 1987, or cfose of fiscal
pear -nearest therein, selected receipts, compiled net profit or net loss, net income or
deficit, and dividends paid in cask and assets other than the corporation's own. stock—
Continued
[MAIMJfijcnres*nd total assets elaasea in thousands of dollars]
AClKICL'LTTJRE A N D RELATED INTVUSTttlftS—IiFTURNS WITT1 KET INCOME 1
Number
Total assets clasws J
with
sheets
>JO IITH5PT 100
100 under 230
300 under 1 ,000
1.000 under 5,000
., .
,
-. .
5.000 n n d « 10,01)0
10,000 utuler SO.OOO l3
•Hl.fltK) tinder JOOflOO
1O0 000 ant] uvcr l3
1JM
32
1I.16L
lfi,167
49, 280
3.SE53
3, Cfifi
2,2fi8
Ifl, 074
1C, 736
11J7S5
13,254
10,541
33,101
16, OOJ
ifig^oai
79,866
3G, 8R4
17, 600
117 flflfi
aai,a«S
111, 024
109,147
sea, 586
1,110,303
qg
(ji 1
^1,313
B 1
2,327
Bon<1sr cotes, morCAccountspayable»
a
L'uder 50
W iin'Eir irjn . . ..
100 undor 2^0
2oO urwipr ."iflO
3,024
3,243
...
MatTirity
loss tban
I year *
Maturity
1 year cr
inort'
ft! 103
1,000 uniler A,M0.
5,000 undor 10,(300.
10 000 under 50 000 [ s
W.fKiOundPT 100,000
IO0.OOO and over ia
Cla? HP3 Grouped
17, 557
IS, 773
30,008
Kf.OlO
OO.Mil
1IK, 4iif.
SOS. 242
149, 7B6
Preforrod
5, 081
17, &B4 ,
l r lJifi '
1(1, B74
20,2^7
11], J501
47,060
70,620
Grosa
receipts
ftxim tiperatioaa '
Total
enmpfled
rewipts i*
6.551
J>. Sftli
9,1C3
* 235
1.799
3,7*2
3,074
32,577
23,907
Surplus and
Common
11, »31
17, +!sl
94,206
l
Under .'JO
50 under <i»
100 under 2-30
..
. .
Ilffl under S09
500 under 1,000
1,030 under S . 0 M . . . .
5,000 under 10.000
10,000 u n d e r 5 0 . 0 0 0 " . . . . . . „
50.090 under 100,000
100,000 and O U T « . . _.
_ ...;
Classes grouped
Ornas
sales )
13,017
17,074
d 2,683
52^ 457
...
14^2M
M, 784
18,027 :
553, P84
382,106
Fnr fnfitnflt«t, s«e p. 130.
86.31S
Dividends
paid En
Ortnipiled Net income C&sh and
net profit or or dcflclt i asRcts. nthf r
tlian vornet lpss "
porfitkni's
awn stock »
1,728
1,96-2
4,987
4,297
8.515
12, 7ftl
61,017
1,727
4,993
1,271
5,^02
6|eoo
flS7
1,363
4,835
3p037
4,235
ft, 714
___ _
120,773
_ .
431 ISB
4M&1
» 2, l«3
3 r l00
l«.4fiO
£5, 397
8».O47
57,017
4l!lfi2
4,89S
3-% 777
un-flts less
deficitT
2.0(tt
]. 134
fl.77*
4, 31S
-
Total
Total sasr.is (-losses
Capital stock
03*
], fiJil
2,419
2.171
. . ..
300 under 1,000
Total
Total
Capitol
assets {less
assats—
di:tireelaTotol
tioo)
liabilities i
. . . ..
Tors!
T o t a l a s s e t s clnsses
Iiiven-
toclea
J
7S5
417
.122
2H7
Umk'rSO
Cashugtes ami
417,9ie
S 7,^7
UHi,«i2
17, sea
17, B2I>
Ifl, 2.^9
Ail, 7ni
.'55,837
6ft, K10
47,728
90
STATISTICS OF INCOME
TABLE 6,—Corporations submitting balance sheets, 1937, by total asset* classes, wt
aggregate and by major industrial groups (by returns with net income and with no
nel income); Selected assets and liabilitits as of Dec. SI, 1937, or close of fiscal
year nearesf thereto, selected receipts, compiled net profit or n$t toss, net iTMxyjne or
deficit, and dividends paid in cask and atset& other than the corporation's own stock—
\Ccmt5nued
[Monej- tkgaiee and total wweta t l * w « En thoi*nid» or dollars]
AGRICULTURE A N D BELATED INDUSTRIES—HETUKNfl
Number
Cash;
[•f returns notes
and
•witb
accoants
1
shaets
Total assets classes'
Under 50 ~
£0 under JOO
100 under 250. .^
2*0 under 500
1QQ under 1,000
1,000 under 5,000
2,386
848
. „ . -_,_._._
„_„ . ,
,.
,„.,
10,000 under BO.OOO «
BO.OOO ander ioo,ooo
100,000 and over
Classes grouped
_
.
Inventories
6,165
6,110
lalaso
34i 015
10, OBI
336
19E
140
"12
if 2
12[30O
21, «H
5, 3<0
% 006
4,710
76,561
70,0*6
,- .
Total
WITH NO N E T INCOME'
14,028
Capital
assets fiesa
depreciation)
33, *7*
40,050
ai.ais
eo.eis
Aooounts
payable *
Under BO
H,266
100 under 2 5 0 . , , , . ,
260 under 500. ,
SOO under 1,000
1,000 under 5,000
5,000 under 10.000 «
10,000 under S0,M» «
60,000 under lOO.OOO
100,000 and over
Classes grouped
—
Total
i&, 775
^
U,S«3
17,229
37,371
Maturity
Jess than
10,032
ic'sci
Maturity
1 y*ar or
mere'
9,231
10, M«
23,572
20,657
?6,5(I7
Total
6ft O3[
9fl,37fl
607,777
B o n d s , notes, mortjtagas payable
Total assets classes *
Total
87^7W
Surplus and
undlYided
Preferred
2,086
2.362
7,2SQ
7,63&
la, OOJ
Common
*0, 730
74, 37B
66,420
no, 122
deficit r
a SI, 0X4
M I?. ai»
20! 139
„19,1<W
_
152,0*8
Gross
sales •
Total assets dosses *
fl7,17ft
Grow
reoeipts
from QJKTHtions *
3«,fiaa
6,733
183,1?5
4MI0 1
Total
compiled
2fi, 772
130,-374
paJdiQ
Compiled
Income cash and
net profit or Tvet
net loss n ordafldt' than iwrOWQ atoci "
Under GO
1,000 under S.OOO
5,000 ubdtir 10,000 » .
Total
37,951
17, TO
1 {pA
31, 2 U
1SS.O0O
36,010
234. SS8
24,199
COO under 1,000 , _ „
atyjooo uadei 106.000
13,203
7,(*7
B, 27+
1, Ml
3,0(2
2,2J5
S3,63ft
30,751
100 under 2!)0.... . *. .
.
27*440
25,11ft
53,3(50
» 4, S73
» 3 , 417
"5,360
1* 4, S76
H 3^831
H
"3,417
n .5,382
3, B35
•*6, 108
33
71
143
17
..
,.„„.„„.
For footnotes, see p. 130.
11 2, fiO6
w 30 h 106
"I860
2
"30,209
68*
91
STATISTICS OF
TABLE 6.-—Corporations submitting balance steels, 19B7, by total assets classes, in
aggregate and by major indu&trictl groups (by returns with, net income and imth no
net income): Selected assets and liabilities as of Dec. SI, 1&S7, or close of fiscal
year nearest thereto, selected receipts, compiled net profit or net loss, n,tt incowit or
deficit, and dividends paid in cash and assets other than the corporation's own stock—
Continued
gurea and. total aaeels rTimrn in thousands of dollars]
MIMING A N D HUAR HYING—BE TURNS WITH N E T INCOME
Number
of returns notes and
with
accounts
balance receivable'
sheets'
Total assets class?* *
3,364
10,94,3
&5.124
34,347
42r 17!
108,411
71,234
135. SO*
104,52?
127,670
1,825
694
814
trader SO
50 under 100
100 under £50
23Q imacr filrt
600 under 1.000
1,000 itndor H, IH»—_
5,000 under iO,COC__
10,000 undetf 00,000..
50,000 under 100,000
100,000 and over
Total
Bonds, notes, mc>rt>
gages payable
TotaJ assets classes'
Under 50
founder 100
100 under 250
250 under 500
SOOwnciftr 1,000
1,000 under 3,0O0...
6f0G0nrjd*r ]0,fi00..
19,000 under 90.DOO60,000 under 100,000
100,000 and over
4, £22
5.730
11,364
IS, 742
16,00Q
41,133
17, EDO
58, 400
11,035
wisa
Maturity
less than
1 year*
4,635
S,] 62
:i,98S
13,155
211,992
19,400
21,699
25
3,600
Total
1
Wuiidei' 100
lOOuQderSSO
350 under aoo
MO under 1,009.
l.DOOtiHrtcr £,[«»....
5,000 ander. 10,000...
10,000 under 50.000.
50,000 andur 100,000
100,000 and OTer._.
,
For footnotes, see p. 13fl,
Gross
l
H, 252
23,567
GO, « 3
113, 536
131, M2
334,615
1W3
ss
receipts
from operations*
21,135
19, 720.
id,674
12,22?
7,93*
24,071
25ft, 3flT
3S3S63
21.&10
6,000
1,70*
2,00(5,215
165,727
8J..
ei7, nr
458,505
749,250
, 250, 221
5,768,809
Capital stack
Preferred
Surplus and
undivided
profits Less
dflt1
Common
more*
5,307
66,346
35,240
120,412
74, 2S9
13S, 136
468, 164
Tots] assets classes *
Total
Maturity
Capital
assets (less
deprficfaUon)
21,460
31,001
81,104
llt.,037
I4fl, 771
525, 7»2
303,294
274,272
4,438
Accouats
payiibte ^
Inventories
161,111
48,+33
43, 147
66, CSS
101, 415
114, 191
374, 031
214,293
558,366
ISfl, S27
751,654
1*37,881
» 11,529
"10,352
22,027
M6B6
2,488,536
2,033,672
570,078
462,628
574,901
Dividends
paid in
Totnl
i Com piled N^i income oasli end
assets
other
compiled
net
profit
iir
iptl0
net loss n or deficit • than corporation 3]
own stock *
44,401
s, 112
191,317
623,813
mies
2, 3 IS, 0S1
,
5,392
12,333
IS, T25
17,049
£S;9fl2
2
103,8 a«2fl
00,485
93,413
6,302
5,389
12,810
6,342
4,943
11,1s.1!
16, f>0l
17, 5»
T
28,070
103.13&
99.183
sass
407,066
15,211
61,813
33,425
03,402
t»,7S3
77,261
92
STATISTICS OF INCOME
TABLE 6.—Corporations submitting balance sheets^ 1987, by total assets dJasaae, i »
aggregate and by major industrial groups (by returns with net ineoTue and with no
net income): Selected assets and liabilities as of Dec. 31, 1&87, or close of fiscal
year nearest tfiereto, selected receipts, compiled net profit or net lo&s3 net income or
deficit, and dividends paid in cask and assets other than the corporation's own stock—
Continued
[Money flguKfl «nd tobtl juaniM riaaoon In thousands «f doJlttra]
MIXING A N D QUARHYINQ—RETU11N3 WITH NO N E T INCOME
of returns
witt
balance
sheets'
Total a$g$t# classes
3,586
1,013
1. J14
004
404
BO under J00 . t
100 under 250_
250imd«r WO
fiOOnndet 1,000
„.
1,000 under 5,000......
B.O0O under 10,000
10,1X0 under 50.000
80.000 under 100,000
«
100,000 and over a
Classes grouped
4?
HA
Cash;
notts tmd
c t ?
nacolvable'
26, I S I
29,039
68,700
24. 7<!2
08.555
Bunds, ootos, mattgn^cs payable.
Maturity
less ttum
Under 50 ..
laoM '
10, 372
IS, 45*
£3,318
lOOmudfltiSO
.
«.^ 1BJS
23! 3*5
41 'Mi
,
,-
VnderW
Si Under IO0_ _
100 under 2*0
250 tinder £00
5fln under l,00O_-_
1,000 under B,«W.
s,*Ofi under M,000
10.000un(JerflO,rtOO... . .
SO 000-under 100,000 I S
100,000 aud QVfttlS
C losses f r o u p « l ~
6,157
4fl,Wfi
S3«, 014
573, S25
Groatt
Total assets classes a
-
16. S
aftT
2S4. 24S
42J4SO
7(1, IH7
Oross
receipts
fiyjni oper-
30^340
3,742
1,127
Maturity
l year IKT
mor« *
7.181
5, SIT
S4in«n
104 fin
17(1, 7TS
1(«. H46
compiled
receipts L(l
re) »7&
j j j nnA
Preferred
sj sai
Cbumioa
104, H53
I44JC(;3
12L57S
140^07?
26 Sflft
3S.00D
Bfif022
1*1,1M
1,637, I K
» 10, 044
» Ifl, ]f)l
"'12,839
1*0.341 •
" i n , 05+
11
10, ISJ
» 100. 751
^ 34. &47
"BG.781
n .16, MB
"31,Ml
iea!7ia
106,43B
101, &44
438
273
S13
2,02)
"20'043
228,407
11(2,980
1. 20*
100, n81
" 11,985
» 11,083
».,^
302,145
110, Ilfl
6A4 .usr
i« 113, .127
" 113, 347
undivided
^profits Joss
deficit'
pjifd ID
cftsil and
Dft profit or Net Income assets other
thdn cor*
net loss "1 or deficit i
poriitfon'S
own stork. J '
,
For footnotes, see p .
40S, 231
CttDital stock
202^410
es.eio
M.935
73.7J6
»VB,«tB
SI4. 480
281, <Sa
9t7,42fi
4U.TO1
831,532
3, £77,31*
Accounts
Total aaaets classes *
Total
4,809
17, HE
123, I]4
lS5h(K7
SOfi,SlD
Ctti, 102
flfi 981
e.ses
Total
OspttaV
Total
assets (less
Tot*l
f
Ikbilitias •
tioa)
10,805
S r Lri42
Totdl-
ftGtHunier 1,000
1,000 under 6,000..
5,000 under 10,000
1*,G(IC under 50,000.
GO.GM under 100,000 «
1W,WO and over **
Classes grouped . . _
Inven-
4.00C
93
STATISTICS OF INCOME
TABLE 6.—Car-partitione submitting baiance shtHs, 1837, by total assets classes, in
aggregate and by major industrial groups (by returns with net incline and v?iih no
net income); Selected assets and liabilities as of Dec. 31, 1937, or close of fiscal
year nearest thereto, selected rtceift&, compiled np( profit or net loss, net income or
deficit, and dividends paid in cash and assets other than the corporation's own stock—Continued
[Money flicvea and total aasetfl clasoea in thousands of dollars]
TOTAL MANUJACTUKING—RETUKKS WITH NTET I N C O M E 1
with
tvhtara
sheets
Total assets classes >
Under BO _ _ . „
SOunrtrr 100
itK) under 350
2H) under son , . .
300 Under l,(H)fi
i,nac> uinjur sjvttn .
5,000 under 10,000 .
ln.OftouijritTBti.ond
sn.nnnnndpr ifin,ooo
lOO.OOOand over
Total—
1
Cash:
notes fvnei
accounts
13.TOI
12(1, 72S
8. ion
i. M4
S.O26
n. ran
D. 702
* 37
tones
66,465
100, 2C2
314, 60"
403,843
Kfi.076
l a 4*14, KYI
478
10, SIB
037.206
3*
7M.125
, T
871083
C38w U S
2, 072, 063
?, 7S3. 248
A, 739, 446 I 0 fifii.
Bonds, notes mortgages payable
Total assets dosses *
Tot nl assets classes >
Under 50
J50 UTl(Jf!T 100
500 under l,r)0(l
(Vftf
i
fl,nq[)untier 10.00H...
10,000 under i>0.000__
fid,O[H) unrtrr IUO.000.
100,000 and over
Tout.
For footiiotes, see [i.
210893—10-
1(12,823
1(13, 3!U
4ft L. lifil)
M7, 2-17
Capital stock
,
fjn, ssi
l,r]5,734
M1S
r
250
1, 27S
2&S. R02
Gross
sntcs'
n^O, 7tn>
1, 17S, iaa
2, M2, ft7S
2, S4(i, 043
S. 832, 556
Maturity
] year or
more*
27,103
10. US
104; Ml
117.071
133,743
3S3h 995
127h^4R
320. WB
91S75
430.117
asa! 7?i
22i), 2Xi
99S,
173
4,li7. 325
1. 380. 149
1,781, 388
3. 40*. 044
Oross
Preferred
11. SIS
33,878
B7. 70M
1»1. 121
194,92?
fiA7 0*3
3ft!, 7X1
fl2G £19
2S, F>K4
73.346
Tntfll
TCO^LptS
rrorn opc.rtl
*
1,950.475
Common
3. SUM 3 L
17T6BB.O25
Surplus and
dLJdd
profits ]psa
deficit *
179.9B9
23Oh4W
582,785
624,801
770,543
2,337.200
lT0S4, 208
3*286,308
1, 213, 509
, Blfl
97,3B7
24E.A5L
t i n . 102
(5303*
1, 2(15. 505
1, 3 4 4 , ^ 4 2
5,4^4.078
M, 770,031
1 CLOUS,
p
Net
net [>ioflt or gr deficitL
net loss i
3.
,
11 162, 15fl
71.902
•IS, £3S
69,900
IB, 516
2S.303
+7, 250
17, 737
43.734
CC.499
E79rSSfl
1,037.731
1. 235,19&
^. 7i6. 194
3.ftfl2,605
a, ans, F3I
e,9»y.i73
S, 44(1, B.10
S, 727, 2B2
3.3M. SflT
14,970, ?10
40,031,721
€85, 101s:
50, R44, 8flO
3.55O.S80
322, M9
4R7,rO5
l r 31,1,234
l,«9,0U
2,139, i l l
2.503,774
U190- S02
3,401,741
U449,512
^959,504
Accounts
payable -*
Maturity
lees than
1 year*
Under 60
sounder ino
J 00 under 2H>
250 Udder 500
600 under 1,000
1,000 under 5,000. _
S,000 under 10.IKW
I0,ono under 50,000
30,000 under lOOOO
Cupttfll
Total
assets (,]«s assets—
d tp f l
Twlfll
liabilities *
Unn)
2B.810
122.
157,
217.
712.
32(1.
833,
302.
1,341.
Dividends
paicl in
cash and
fwsets other
than corporation's
own stock i»
29,790
43. 30S
132,722
157, 126
216. &4O
70S. 378
319 003
629,415
ROL £60
1,336, 462
1. 014, 783
•I, OftS, tSO I
2,855, 4B6
16. S3S
25.033
75.276
07, 198
130.350
434, 174
2(12^429
ifl. 67B
STATISTICS OF INCOME
6,—Corporations aubmittiTiQ balance sheets,. 1987, by total assets classes, in
aggregate and by major industrial groups (by returns with net income and with no
net income): Selected assets and liabilities <t& of Dec. 31, W37t or close of fiscal
year nearest thereto, selected receipts, compiled net profit or net loss, net inco-mz QT
deficit, and dividends paid in cash and assets other than the corporation's own stock—
Continued
[Money figures andtotalnimr*j» tltww in thousands
TOTAL MANTLl'AOTUHINO—RETim^S WITH NO WET l\COMBi
Number
Cash:
of returns notre atid
accounts
wlxh
Total assets classes •
•1(M>
100 under 250
250 u n d e r SOO
Hfi, 1+0
U8.0ZO
..
Jfif, ft4il
m. 15!)
M7t5W
500 under 1,000
1,000 uniter 3,0OQ ...
5,flO0 under LO.IMO _.
10,000 tiuiierflO,000..
50,000 aniler L0urnoo.
100.000and aver
Inventories
8*1,109
lHO/i
1SS,
324,41(1
130
7
5
Total-
11(1, HEIl
174, 711
235. U27
197, 23J!
assetsTotal
179, 033
M
2h 830
7 t Oal
8S18f,5
4fiB,B14
HO. 217
340, urn
416. »53
407.450
742h 456
SOI, 630
»47, 7?4
1.315, (W5
7
44,955
, nntiw, mort-
gages p b
TotfU sssets classes
Maturity
lens than
Under BO
A) under 100
100 under 250
2S0 under 500
SOI) under 1,WO
1,000 under 5,000. __
5,000 under 10,000 _,
10,000 under 50,(100.
BOh(HW tinder 100,000
100,000 and over
139, 381
J 36, 381
94. IDS
191,480
17,26a
98, 167
Total
T o t a l assets classo?
(Surplus and
undivided
!
4
M.617
109. &W
sil*
7
21, OH
52,6*5
profits lesa
1 year 4or
55, « 1
41, 523
SI, 081
83,403
4
2W, S4S
169,009
242,+31
30S, 850
Gross
sales •
F
7T.S77
8L F fi71
98,201
3m, 444
12l,95tl
13ft. MS
S4.8S8
32, 72fi
413.84*
376,323
753.723
331, 7 »
4M
134,644
28M
9U.380
1,056,
!
Common
more
O roes
receipts
from operations *
Total
Compile
receipts
deficit'
,
1*33,633
2,310
Mi, 477
Mi, 496
372116
5S.31S
a, 122
Ik 17,038
Compiled
not profit or Net
n«c Loss " or deficit
Dividends
paid in
cash am]
assets otttei
than corporatlnn's
o w n *U?ct'»
Under 50
.
60"ndcr ICO...
11X1 under S50. „
3t*0 unftw WO. - mil tinder 1,000
1,000 under 5,00ft
fi,00(] under 10,000
10 ,U00 under50,000..SO.OOO UitdtT IOC,000..
190,000 and w » r
„
Total
For footnotesi see p.
l
n ,
B74.082
1 1 1 S . 783
0, ^ft
1,020,276
429,742
1,283,147
I 10,143,1)80
107, OfiT
38«$
4
17,079
$927
234,08a
],2fi4, 17J
712.280
1, 170, 40fi
9(4,944
77B. ftflfl
, n « , 571
452, 342
3 d £
10, Tl 5,35*
i, esa
fl.SlS
O 3*10
46,
?fc
29,
-26.
ia h
LI
l,07B
"11,019
» 46, 374
'< 78,531
H29880
t
•t 25,670
"12, IBS
"11.714
2, 1J&
3, 37S
1*3*7.288
43.3SS
4,'23*
03
95
STATISTICS OF INCOME
TABLE 6.—-Corporations submitting balance attests, 1987, by total assets denies, in
aggregate and by major industrial groups (by returns with net income and with, no
net income)? Selected assets and liabilities as of Dec. SI, 1987, or clos£ of fiscal
year nearest thereto, selected receipts, compiled net profit or net toss, net income or
deficit, and dividends paid in cash and assets other than the enrparat-ian'z own sUick—
Continued
[Money ftgnres and total assets classes In thousands of dollars]
M A N U F A C T U R I N G : FOOD A N D K l K D E E D P R O D U C T S — R E T U R N S W I T H
NKT INCOME«
Number
Cash;
at relume notes
and
with
accounts
balance receivable *
sheets *
Total assets Masses'
Under BO.
CO under LOO
100 under 250, _
,
-,
SSOtJUflP'f
fiOO..,
500 uwlfii 1.CX10
1,000 under 5,000.
6,000•andcr io,onO... .
10,000 under 50,000
60,000 under tOO,OOO .
I0O.QOQ and ever
, --- „
,._
,
_.
_
.
„
_ ...
1,782
923
1,103
S27
305
327
30
10
7
fc«7
Total
11, l i e
lft, 280
40,473
43,331
Under 50
» under 100
,.„..
100 under 2ftO ....
3Wunder 500
,„,. .
l.OOO under 5,000
t, 000 under 10,000
10, new under 30uo0O
40.000 under 100.000
Total
Total assets classes '
Under BO
,„
tO under t-00. - ,
100 under 26 E»
„„,.,.
260 under 600 .^ . ..
600 under 1,000
-, . , „ 1,000 under &Mn.--.5,00(1 under 30,000
10,000 under 80,000
60,000 und«r I0CUJO0.-.
,
Total
,
For footnotes, see p. 130.
Accountss
payable
6.7BS
8,527
18, 463
1C, 742
17, 51fi
15^203
SJ.E03
22,773
8fl,7fl3
2M f 5T2
OrwSs
sake •
107,0(16
Maturity
tessthau
lyoar *
3, COS
fl, 107
16.609
lfl.3SJ
IS. 135
£2,333
10.145
37,022
Sl',m2
256JA54
75,613
368, CHS
S19,050
8M.MB
Maturity
1 y&Ht or
more'
2, 6SS
4.222
10. WZ
]2.287
15, 742
Ppefen«d
4,026
10.4M
16,968
17, 7£S
7S, 353
100,100
307, M7
21 S ,552
201, S43
577, 718
&J009
1,2741700
305,167
1,02S, 443
642,221
7,028,522
57,995
2,047,862
Totil
assets—
TntaJ
liabjlitl^s •
41,710
66,603176, iafl
2io, l i e
W3V610302, 06ft
P98.617
($St>>Ml
332i012
4, 1Q4, 30%
CapEts] stoct
B7.10&
] 1,09ft
Gross
receipts
from operations *
21,054
32.135
15SJ033
42^373
174, 446
162.100
1J+,O27
13! 460
32,416
61, 3.1 S
82,717
11,426
1.022
5,676
7,628
377
5,621
4,204
433; 510
432.520
6,410
11, 718
32, sea
Capital
assets (less
13B. 731
40,652
159,893
151,446
174, 6S1
BondiJ, notes, niortK&ges payable
Total assets classes '
tories
Common
33,3*7
31,003
7o!asa
69 907
307, « 3
ffi 441
334, OS2
Surplus and
undivided
profits less
deficit'
9) 130
33.SU
4^341
193,783
443.3W
1.3&3.O03
1,210, 303
Dividends,
paid fn
Compiled Net income cssli and
Total
aesets
otier
torn piled net profit 1nc
:
or d^Jl^it ^ titan cor*
net loss
portion's
own stoct is
173,6«S
a>5,083
+46.404
1, 20fl, 357
310, J5O7
1,05], 416
3,100
ll!775
l«'47f)
50.110
2, na^sre
5»] 472
50.090
61,532
7,1SS, 033
2 * (MB
3,099
4,265
11.7SI
16I417
14' ]63
59,237
49, Wl
1,719
3,461
7,043
8.7W
3e!«27
54; 294
42.021
239,830
STATISTICS OF INCOME
TABLE 6.—Carper-aligns submitting balance sheets, 1937, by total asscl* classes, in
aggregate and by major industrial proupe (by returns with nei income and with no
net income); SeZeeterf assets and liabilities as of Dec. 31 „ 1987, &r close of fisml
year nearest thereto, selected receipts, compiled net profit or net has, net income or
deficit, and dividends paid in cash and assets other than the corporation's own stock —
Continued
[Moaej- figures and total useta CIIMK* in thotHftnds of dwllare]
MANUFACTUBI.VO; JTOOD AX1> K I K D l l E D PnODUCTS—JiETUKNS WITH
NO N E T INCOME I
Number
af returns
with
tia lance
sheets'
nswits classes t
Cash;
notes an ii
3,527
943
S52
Tinker 50
Minuter 100....
iQttiimter 210
J5f under 500
.^50(1 undpr 1,000
),n00 under 4.000
S.MOundn- 10.000
10,000 under 50,000 . .
M,000 umler 100,000 •*.
Oftrt
d
"
lnvtn-
10,337
SO4
ttMS
34.554
34,(547
24.160
47. 141
67, 2K2
1JS7
21
lft
76. 32ft
113, 574
40, 64fl
Total
ElSMtS—
•Total
,
Hi, 406
.131.038
134.448
11», 831
312,711
353, 349
1*2
135, S12
Classes grouped.
Total
,
we, m
343,36S,
Bonds, notes,
Total ussol.B classes
CapJtnl
t .less
ujreciii
tion)
!
Accounts
payable B
uy
less titan
lyear f
trader 50
-B0 under MO
250 under 500
501 under 1.000
1,000 under 5,000
0,000 under 10,000
10,000 under 50.000
50,000 unrlnr 1CO,C*U u .
lOP.OOO and over » . „ . .
Cliissss frroupcrl
Total.
IJnrter HO
r o u n d e r 100
100 under 2fifl
_..
250 uiuivr 5<K)
000 rnid^r l.ono
1,000 Under 5,000
6,000 under HUlOO
lfl,000 undor 50,00(1
50,000 under 100.00& " .
100.000 and fiver i*
10.532
IB, 373
7408
1 0 . 7SH
For footnotes, see p , 139.
Preferred
4
104. 614
17, MS
HB, 2 1 0
31,275
162,54ft
274, 234
163, 052
flross
rnm riEier
ations *
200,004
3,79L
S70
26a 135
227,390
294
4,397
377
3,330
3, 472, 2fi5
Total
omipila
receipts l
j Common
Surplus and
ndiTlded.
rofltslusa
deficit •
47, 3(K
37,122
61,223
49, 511
49.517
]< 3, 73S
11.S94
,
9,183
9,088
1C.4S3
M3.fi63
29, "155
24,706
14.
14,122
29
32.570
lfl.338
20,456
Dividends
paid in
Compiled
cash and
Net
Income
net pruflt or
assets other
a<jt loss •"
(.had oortjOTatton's
own stock it
210, S0$
15Z, itfjB
272,7*1
ES7, 2<J4
2'32.158
3fi3, 606
3, £29,058
h
fj, 479
«, 432
H
;.7i&
] . SS.Q
7,Sfi2
C.04S
fir4fiS
3,704"
S. 437
4, 5K3
i* fi!o33
Hft,4M
n 13,<joa
» J5, 421
" 4.04fl
1, H.ri2. (594 ,
1. 23S. 437
Total.
Maturity
1 year or
more *
17,182
Orosa
Total assets classes •
Capital stock
87
262
4-ni
1.219
1405
fl.416
y. 132
11
59, 259
3A.443
97
STATISTICS OF IXC0MF1
TABLE 6.—Corporations submitting balance sheets, 19$77 by total assets damea, in
aggregate and by major industrial groups (by returns with net income and with no
net income): Selected assets and liabilities as of Dec. SI, 1987\ or close of fiscal
year nearest theretot selected receipts, compiled net profit or ntt Joss, net incoTtta or
deficit, and dividends paid in cash and &&&et&vther tktw the corporation's own stock—
Continued
[Moneyflgnreeand lot&l assets dunes In thousands of dollars]
: LIQUORS AXT1 BEVKRAGE* (ALCOHOLIC AND fiTOXALCOHOLICJ—
RETURNS WITH NET INCOME'
Cash;
of returns nate*
and
balance accounts
sheets*
Total assets CSS&HW'
Under 50
,- . - . „ .
Ml under ]IK)
. . _..
100 iind^r 2m
250 mult* SflO
300 under 1,000
. ...
1.000 under 5,000 „_
5,000 under 1IMXW . ia
.. .
.IO.OOO under 50,000
.
- -.
100,000 and o v e r . . .
CJ&sscsvrwiped
.
Tola]
r
.
,..
291
262
150
127
lEti
22
. —
-,..
1,561
5»,C0^
l(W,3.W
193, S27
251. T63
Bfitida, notps, mortMaturity
less thfta
1.S32
„
2GA under «W
500 vmder 1,000 .
1,000 under 5,000
50.000 iaJa
10,000 under
50,000 under 100 000
100,000 and over
Classes grouped.
.
..
B, 080
5,930
10,061
ay, ass
^,005
._..-„.,
,„.„
19,0'il.
-
95,321
Total
Total assets classes •'
Under SO,..
... .*.
B0 under 100
,-..
100 under 2SO
.
2Sfl UiidiT SOU
SO0 under 1,000
,„.,
1,000under5,000..
, ....
£,000 under 10.000.,L3
,
10.000 under Kj 000
^
50,00(] atider 100,001] »
20O.0C0 ami over
Classes grouped Tolwl
For footnotes see p.
tion)
Total
assetsTotal
liabilities *
13,9^9
20.SC7
63 S6fl
7,110
10, S79
19,144
2fi, 239
41,fil7
151, 314
5S, 514
33i;24S
161,250
104, 43A
1,071,730
OrnSS
S7, 338
45,584
79,488
93.367
lie. 438
1.463. 756
1. 345
1,772
4. [1711
4.74)5
lo. (Kii
39.52S
12,533
Mnturity
1 year or
more'
PrefcTTcd
672
2^723
21' 042
16, £29
SflS,604
Capital stock
Accounts
Total assets elasspa *
ITntier SO
50 under 100
2,170
2.6f>2
7,033
s.eoo
10,857
SI. 866
Cftpitfil
assets iltss
"2
-.
., - -- - -- - ..,.._
.
•M3C
10^374
lft 340
57, "M
Inventories
2,387
4*H67
12,351
Surplus and
undi^idod
profits Jess
deficit r
Common
6.929
8,740
11373
1,677
m, MI
S6. 583
35,370
S 740
14,001
29,279
123,868
56,003
386,733
335,422
U,02»
42,304
95,363
Gross
receipts
from operation BB
paid In
cs«sti and
Compiled
tneotne asms
ntner
net profitl or Net
or
deficit
•
tLan eyrreceipts "> net loss '
poratfon's]1
own stock
T&tal
1.735
36,280
1,862
501
745
2, IPS
1.J521
S1J997
lfil'836
403.475
168,112
4,000
6,00*
6.52$
Si 499
13,075
40.434
13,304
1,1SO
421, SOI
60,062
1O.*T9
1,468,282
1,000
5,007
2, £06
13^054
40,301
19, 3 «
7,732
21,487
7,789
5,064
40,972
159,^7 1
1
Ofi,£lft
98
STATISTICS OF INCOME
TABLE (J.—Corporations submitting balance sheets, 1937, by total assets eZaa*£s, in
aggregate and by major industrial groups {by returns with net iiw&me Q7vt with no
nut income): Selected assets and liabilities as of Dtc. SI, 1937., or close oj fiscal
year nearesi thereto, selected receipts, compiled net profit or net toss, net income or
deficit, and dividend* paid-in cash and assets olher than the corporation's <?ton stock—
Continued
[Mwmy lifting and total Marts clnwas in thousand* of doJlars)
M A N U F A C T U R I N G ; U a t f O f i S A N D B E V E R A G E S (ALCOHOLIC A N D KOXALCOHOLIC)—
E E T C R N 3 W I T H !NO N E T I N C O M E i
N'urnhw
Cash;
o/ returns notes
and
with
accounts l
balance receivable
sheets'
Total ftssett tffrt&w'
TJnderSO
SO under 100...,
100 uadw 250
SflO under SOCK,,...
68C
151
206
H7
70
53
13 1
.- , .
500 under l-WQ
1.000 under 5,000
5,00(1 under 10,000 a
10,000 under 5y,000 n
CO.000 under 100,000
100,000 and o^er
Classes grouped
^.^
Total
1,315
Accounts
payable *
Totfil assets ekisws i
Under SO
SO und'.T Iftj
WO under 250
3,113
4. 74S
& 414
fioO under 1,000
1JQ0Q under 5 .000. - 6,000 under 10,000 t J
10,009 under 50.000 a
fib.OOO ander 100,000
100,000 and over
Classes [*KIUEG<1
Total_
.
2, l&l
3,853
5.081
1 34^
1.747
5*342
4,022
6,117
34,699
35, E^S
"Under 50
„
B0 under 100
v
100 u n d e r 250
,
2M u n d e r 500
500 u n d e r ] , M 0 . . ,
1,000 under i , 0 0 0 . . .
«.000 under 10.000 n
10,000 u a d e r 50.000 13
50,000 under 1O0.0OQ
100,000 a n d over
Gross
sales*
14,1H
5i&37
29,342
273.105
Maturity
1 yctr (vr
1,460
4,2fi4
51}. *fl»
4(J, 954
receipts
ItoniopeiratlciDfi*
Ofil
321
1,977
399
5*
204
Capita) stoct
Preferred
7C4
2,175
2.920
3, Qft5
7, fS78
S.6S1
fi. 137
15. 1&3
24,53*1
32,218
S3, flJ4
150
6,421
im,ase
Surplus a n d
undivided
jtrofits less
deBclt 7
H 4,673
IH
1, 5-71
1.67S
11,744
3,147
15. irs
Dividends
paid In
cash and
Compiled
Qftt. profit or Net inonme assets other
than cornet loss !• or deficit •
poration's
own stock 1*
H, 5fiS
33.421
PI, 432
47, 3«3
S9, llfi
HS3S
11 % fl4S
1*3,312
» 4d 1(52
18,042
aj&
10, L79
1* 171
Total_ _ -,._
379,012
4.12&
26ft ?tai
•'15, S43
Common
17, 429
Clause*grouped- ,
for footnotes see p r 139.
92,087
16^234
Total
Total assets classes *
49ll27
n.-rai
Bh093
,
6C 90S
12,373
10,516
32,890
49.0L3
6,^2
14.6&5
,
HB24
lt6W
32h571
Total
assets^
Total
liabilities <
5.43fi
5, 564
B 947
2.39J
1,883
B, SSS
? 4fll
fl. 5H
13. OSS
Capital
JO, 298
Bonds, notes, mcntK&g£5 pay&ble
Maturity
less tban.
1 year f
Invon-
"1,955
43
47
52
t* 2, Sfll
100
134
1+234
i57
" 15. BJS
a 20
99
STATISTICS OF INCOME
TABLE 6.—Corporations submitting balance sheets, 1937, by total assets classes, in
aggregate and by major industrial groups (fry returns with net income and with no
net income): Selected assets and liabilities as of Dec. SI, 1037, or close of fiscal
}/ear nearest thereto, selected receipts, compiled net profit or net loss, net incovne or
deficit, and dividend* paid in cash and assets other than the corporation*9 own stock—
Continued
[M<m«y flaurea and total assets d m e e In LhoimaTida of doliara]
: TOBACCO PBOBTJCT3—RETURNS W I T H N E T I N C O M E ' '
Nuniber
of returns
Total assetsfrlaaseaa
Cash;
Vf I til
"Ymi'Ei'ncp
sheets 5
20
tiTidOT 50
BO Limtor IW>
,
-.
][t(]Tiridrr250 ,
£50 under WO
HW under 1 (UK)
,
..
Ifi
6
19
4
, -
B-,Ono iindcr ifl.ood
m.OOQundorSO 000
JH1,00(1 find 100,000 1J
..
r
Total
...
J
134
Acronnts
payable 1
Maturity
I year *
130
Under 50
JSII UrLdftr 10n
" - .
. . .. . . .
Total.-
4,(m
,„_...
1,000 iiitdsr 5,000
536
:
70S
944
COS
5. S3tt
3.935
77,220
b. 9VJ
3,0(12
2?, 145
26.810
JOS, 134
499,323
8tf,«77
SW12
Zl'fifi©
12,972
1,039.157
i. esa
4 , LHQ
23fl,fl0e
......
5,04)0 u n d o T 1 OFOf>fl
UMHIO u n d e r 50.QO0
„
1
,
743.R56
Capital stock
Maturity
1 year or
Preleirod
3
50
S2fl
545
3,339
11B
196
1.2C0
558
4, 290
1 495
11,9IJ
18, OM
32,086
CS, 834
86,000
P
aaa
127
defwit?*
831
15,4OU
3,047
3S, S40
34 500
59h03R
fitl, f}L4
317, 522
176,150
47, 34S
M 539
37^994
130,063
417, 744
278, STB
Gross
sales'
Total asnete classes'
Under 10
50 under 100" ,,, . ^ .
10O under 25fl
250 under 5 0 0 , . - .
J500 uudor 1,000
-
128
750
351
55C
52S
2,852
UiJSW under 6(1,1)00
=50,nOP> Under 10(1 00(] 1J .
100,000 and over la
., ,
Cln£s*3 grouped--
Total
159
162
204
2,024
S, »3O
184. L90
.
Total assets classes *
Classes grouped.
liarill'ltloa i
231
Bonds, notes, mort
gflprt payable
HM1.0nO flnd nv<»T ^
tfafl}
---
Classes eroupud
250 under SIX)
Artci i m a f r i ,ooo
l.Ofln under 5,000
Total
] <f3i
10
-
Capital
assets flew
Dividends
r>aidid
Compiled Xet income cash and
net profit [[or or deficit i asaots otfitr
than cor*
not loss
poration's
ations'
1^24 '
3,167 ]
9, 05? j
8,215
5, IKS
51,457
42,247
1M. 259
fflVa
SfiT
900,946
1,323
24
2 119
3, fi73
9,490
&. 325
a
22S
10
52.024
42, "42
160dO35
61
70
47S
267
R, 22*
4.597
11, 070
31
476
50
36
404
254
173
1,93a
20.867
1,250
15,8W
--
. . . . . — ..
„
For footnotes^ see p. 139.
1,241,359
072, Rfil
97,3*58
97, S «
87,286
1,202,103
126, DM
13d. 348
10S.47B
100
STATISTICS OF INCOME
ft.—Cerporo*-t<ms svbmiiting balance sfriete, 19S7t by lolril asset* classes, in.
aggregate and by major industrial groups (by returns with net income and with na
net income): Selected assets and liabilities tw of Dec. S1, 18$?, or close of fiscal
pear nearest thereto, selected receipts, compiled net profit or net loss, net income or
deficit, and dividends paid in cash and. assets other than the corporation's otvn st&ck—
Continued
[Money figures and total MBeLa classes in thousands of dollars]
TOBACCO PRODUCTS— BETL'KNS WITH NO NET INCOME i
Number
or returns not<vi and
with !
balance 1 fl^flounts
T o t a l Assets c l a s s e s '
596
352
517
12
7
1,200
1,1)18
1,181
1J301
1,634
1,109
1,020
SIS
I,M4
7.179
180
11,3118
ail
117
CO u n d e r 100 . .
100 unrirr 250
, .
3.W u n d e r BOO
Hlo utidor l ooo . . . . . .
1,000 u n d e r 5 , 0 0 0 "
0,ftnft !ind*r 10,flOO J *
10,000 u n d e r 30,DUO
BO,0flO u n d e r 100.000
_
. . . .
„
-
is 7
"L
-
Clas&jsgrouped..~
......
Total
Total
assrtB—
Total
Cnpltft]
a^ssts (less
2 0C0
1 3H2
4.0S9
4,633
2.644
22.0B3
0,500 '
3S.308
1
Sonds, rLotf^3, mortgages payable
Total assets classes'
Total..
Maturity
less than
5 year *
MaturEtv
l y u r of
more *
304
Under 50
50 Widur 100
100 uuiler 250
260 uiitlDrSOO ....
BOO under 1,000
.
1,000under 5,000 L*
10 000 under 50,000
GO IKKt under UJQjiia
100,000 and o v e r - ,
Cirtsaes grouped
payable'
.
rr.
__ .
-
eeii
231
534
700
1.771
805
L331
isa
64
210
Wl
140
209
i,ato
a. air
.
Surplus and.
pro fits l&ss
Preferred
1H7
!
---..;
Capital stock
2,148
S,e24
Common
M 1 1B»
'•* 4 ^ 7
i.m
2, IIS
u 292
2; 237
n 1,1(30
it ji^
7,t4JS
Dividends
Total assets, classes
i
Under50
.. .
BO under 100
100 Under 250
260 under 300. .
SOO tinder 1,000
1 00O under 5 000 "
AfltiO under 1QIKIO1'
30 000 under 50,000
BtToflO under 1CH> ,000
100 000 and over .
ClsSsos grnupfld
Total
F o r footnotes aoe p.
Oross
sales *
3.8S2
1, BfiH
0,11C
Gross
Totnl
from operation 3 '
67
compiled
rcuxapts L)
3
M
1 2&3
SI
14
4,300
5 003
4,331
essh and
Compiled
net profit or or deficit >
rflt loss n
n
2fll
14
SOT
i' in3
than fnr-
u 2.ril
]
* 204
14 194
•* !3n
9
"5L8
5+
i
1
is, sia
2
15,003
HS27
3B,044
164
3S,454
•<l,ft37
1* 1. S36
US
STATISTICS o p
101
INCOME
TABLE 6.—Corporations submitting balance sheets, 19B7-, by total assets classes, in
aggregate and by -major industrial groyps (by reAurrts with net income and with no
net income): Selected assets and liabilities as of Dec. $1, t&$7, er close of fiscal
year nearest thereto^ selected receipts, compiled net profit or net U>Rst net inatyme, or
deficit, and dividends paid in cash and assets other tkantke corporation'sown stock—
t 'on tin ned
[ M o n e y figurea a n d talal a s s e t s c l a s s e s in t h o o m n d a o f dollars]
TKXTILE MILL P R O D U C T S — R E T U R N S W I T H N E T I N C O M E •
Cash;
returns notes,
and
with
accounts
balance receivable
*
!
sheets
of
Total assets classes *
Kinder 50
50 u n d e r LOO,--,
100 tin d w MM
250 uadL-r *00
500 unVlftT 1,00(P
3,000 titidiyrH,WPO..
8,685
30,750
24.80*5
2&.72C
46.270
12&.7S8
£41
414
ca>
r
30,000 u n d e r 30.CKX] »
60,0nrt under iDO.000 | J
J00,000 and over •*
Classes grouprd
... ...
„„.
H3O
344
SO
.
54,41G
19.733
29.SO3
S7, B56
131,557
2J1.3M
324! «70
320,058
S^SSO
2a!rfto
3^135
6b, 183
193,104
Total
assets^
Total
.
- „
..
!
I3C, 7S2
2.6S5 ;
-431,2111
B o n d s , d« tes, mwtayablc
Acmunts
payable *
Total assets classes *
Under B0
50 u n d e r 100
*..
100 u n d e r 250
.
- .
350 nnd^T J500
•GOO uodf-'r 1 , 0 0 0 . . . . - . - . . . - . - . - .
l.fttt u n d e r A,4»0
5.QW u n d e r K M W 0 . - . , . . . ,
10 0TM1 u n d e r SO 000 n
5 0 , 0 0 0 u n d e r 100,000 ! 1
100 POO And ovor IJ
Classes grouped
Maturity
less than
] year'
4,341
1,01.4.
ii!wu
13, 7S9
19, 3D1
315,700
s!ts«o
JO. 2M
26,342
Gross
sales*
Totai assets classes'
83,998
lOfiffiOl
.
. ..
. .
Tatal
, MO
878
1,46]
4 592
?! .192
005,178
4l r 524
receipts
from operBtluDS V
4,310
2,942
4,768
S.M7
2^163
1,230
3*1, 340
*9J,034
l,C»,SW
2, 438, S03
Capital stock
Preferred
1 KG
6 504
12,436
2B!OM
36*. 342
332! 352
Mnturity
1 year or
more"
14,753
] 37.8*4
Total
50,000under 1W1 tHW is
100.000 and o v e r ! i
CIHSEPS grouped
Capital
assets (less
depreciation}
ill
11 1
Total
TrnflM HI
M under 100
]()0 (tMel* 25ft
250 under 500
500 under 1,000
1,000 uodrr 5.000
S.OOOuntor 10,000
Inventories
3a! BOS
Contmoa
10,877
13.8S3
36,284
fis. sao
93,544
273.002
IDS, 440
230, $80
120,030
333,721
24, 1*2.
113,541
326, 433
S3, 777
£71,424
*I7, 41S
Total
com piled
receipts f t
70.10C
67.404
20S, 042
254.331
fljHil, 121
010,5*2
330,372
Surplus and
undivided
profits less
duflcit r
HS61
3,536
14,672
2», 19S
DkJdfinda
paid ia
Compiled Net income cash and.
net profit nr or deficit' assets other
net loss "
p^ratlon's
own jt^tt. l *
1.206
1,749
J5.S24
1,305
1,748
A.A10
413
944
3,289
i s ! 378
18,341
49,033
21,07ft
12,093
33,030
14.935
2l|27D
TOO, i l l
1,292
716. 80&
6*, 090
54,215
49,575
2, SQ4, asa
2a, sis
2,904.086
1W.3«9
13&, 049
119,110
102
STATISTICS OF INCOME
T A B L E 6.—Corporations submitting balance sheets, 19$7, by total assets classes, in
aggregate and by major industrial groups (by returns with net income and with no
net income): Selected assets and liahilitiei as of fte.c Si, 1987, or close of fiscal
ytar nearest thereto, selected receipts, compiled net profit or net losst net income or
deficit, and dividends paid in cask and assets otker than the corporation'sown stock—
Continued
[Mone> figures and total «esela classes in tlwasuids of dollars]
MANUPACTfRINO: T&XTILE MIDL FRODUCT3— RETURNS WITH NO NET INCOME
Nnmber
Cash;
of returns notes snd
wJtb
accounts
balance receivable4
Total assets classes *
Under 50
„„ .
•BO under J00
IPO under 250
260 under 500 . .
BOOunder 1,000
1.000 under fl,O0Q..
5,000under 10,000...
10,000 under 50,000 "
£0,000 under Loa,OUQ u
100,000add O v e r . .
CJasseegrouped..
r
. ._
... ..
Accounts
payable *
170
]94
27
"6
23^303
43.0S2
102,0»7
71.774
183,163
4,190
188,781
315,027
540,313
1, 189. 304
29,210
Mntarlty
1 ywx
Under 50.
12.295
ft, 278
17. 332
tOO under 250..
BfiO U n d e r COO
S00 u n d e r 3,000 .
1(000 u n d e r S.00O
.
6,000 u n d e r 10.000
JO.O0O u n d e r 30,000 i » . , . ,
50.000 u n d e r 100 0 0 0 [ a
100,000 anil over
7.CS1
0,292
11,122
11,436
12,000
Maturity
1 year or
more*
_„
for footnotes see p.
Preferred
Common
2, S69
30. Jfil
23. SS*
& 126
32, 723
IV, 406
7^376
14,237
11353
M, 111
33,414
53i 123
63.014
1(52,370
42,573
J, 320
13.T71
11.684
111,217
loo.eati
OlJSE
receipts
from open-
Totat
-compiled
receipts lfl
111, OBO
64.253
li5B. 336
151,825
149,1566
445, 336
Trnrtwro
00 u n d e r 1 0 0 . . .
„
100 u n d e r 2 5 0 . .
250 u n d e r 500
BOO n n d e r 1,000
1,000 u n d e r 3.0006,000 u n d e r 10.000 10,000 u n d e r 50.000 » . .
ffO.OOfl uncfet 1QO.0OO •*
100.000 a n d o v e r
Classes g r o u p e d
Capital stock
4,006
116, *S3
Qrosa
T o t a l assets claeaee *
Total
l
\i, 135
Ttotal
41,392
40,513
»,327
106,396
123, 7 «
4O8,A51
183, 614
13.02S
1G.S67
40,456
49,845
Boadd, notes, mortT o t i l assets classes'
TotaT
JlahilLtle} >
11, 367
10,561
24, U S
30, 100
33, 1£U
_
... . . .
.
„
Total
Total
13,005
9,7+2
18,826
16,yns
17, SM
2,330
fJA
...
Capitdl
torfes
89| 001
105.319
1153, 378
153,656
4.43,594
170,344
181,433
2,Wfl
1S5.0S6
1,440,060 •'
26, 613
1,4*3,474
" 20, 40fi
l i e , 060
M7.BS0
236
11,406
76, ice
2J, 024
4&.3B9
Ae.ose
900.325
143, 561
paid tn
CompLlad
income asfleta other
net profit oi Nore t (tefleit
1
tlasn t»rnet l o s s "
porat ion's
o w n stock i)
* 6.142
9, WO
4, i e s
5,387
GOO
1,834
3,208
652
Sur pi v i a n d
undivided
prrBta teas
deficit'
3! 784
» B. 8G5
« 7,074
HS.31S
1*17,830
M
1*fi,973
H 6^,954
Hfl!8B7
'7.067
*S,323
1 17,956
fR.972
n 6,074
31
44
307
420
544
93;
3,flA8
7.733
103
STATISTICS OF INCOME
TABLE 6.—Corporations submitting balance sheets, 1937, by total assets classes, in
aggregate and by major industrial groups {by returns wiih 7iet income emd with no
net income): Selected assets and liabilities «« of Dec. 311 1937, or close of fiscal
year nearest thereto, selected receipts, compiled net profit or net ioas, net income or
deficit, and dividend* paid in cash and assets other than the corporation's own slock—
Continued
[Money Gffureeaad total assets classes In thousands of-dollars!
CLOTHINO AND AFFAJKEL—KJETUBXS WITH XET INCOME •
Total assets classes *
Under 50
SO undet 100.
100 under 250
250 under son
500 under 1,000.,
1,IKM under JS,0(10 . , „ . . . . . .
. . .
5,000 under 10,000.,... „ . . „ , „
10,000 uruler SfWWO
__
. .
Number
of returns
with
Cash;
sheets'
reocJYoljie'
t»riea
I, 27B
541
404
319
104
SI
2V007
36,17fl
ii!a56
23.801
213,595
2,695
Bonds, cotes, mortgages payable
Accounts
payable *
Total assets classes >
trader 50
-
-.
50 under 1M
-lWupder 250
Sso under Mn
500 upder 1,000
, . . . ,.
1,000 under 6,00(1
5,000 Under lOT0OO
10,000 under 60,000
Maturity
less than
lyear*
7,506
9,760
li.985
1,918
2,977
IT, (112
7*U6
23,976
'635
0,430
Total.,..„.„. -,„.--.
75,420
S9.2QI
188,470
81,821
1 year or
more*
Preferred
081
7^S7L
7,602
39,642
l!7ftl
0.431
44S
17,01.7
Common
15,253
I,9L4
779
l,70>
'
20,80S
33,496
7% 317
75.79ft
74,427
40,587
60,265
570,043
Capital Stock
Maturity
"
100.000 aad over
18^776
61, S8T
&. 154
12,147
Total
Capita]
assets ffcss assets—
lotal
liabilities1
tion)
4! 081
7, 803
ft, 127
10,240
31,452
7.371
7,155
27^945
4
m.ooo under 100,000 .
100,000 and over
Total.
Irwtn-
28,145
28*073
44,830
]7.3fl3
14,088
undivlrtM
profits less
deficit'
1,410
4,630
10,254
l«, 153
IS, 433
47,33d
r
07,213
«%*»
Dividends
Total assets classes *
Under 50
60 unrleMQO
100 under 250
250 under 500
600 under 1,000
1,000 undet 5,000.1
6,000 u n d « 10,000
10,000 under 50,000
fiO.OOTi under 100,000
Iflfl/ITO nmi river
Gross
sales «
17ft, MO
276, HE
204.406
177.857
289,262
46,680
56,108
Gross
Tctal
receipts
compiled
from opct- r«elpta
<•>
atlons'
9,650
1,775
1,669
472
455
8
Compiled
Inoome
net proQt or Ncre tdeficit
<•
paid in
assets other
than corporation's
own stoclt "
54S
1,020
5,606
J.S41
1B7.990
182,288
278,961
206, 3-W
1713,464
294.057
47,73*
58,262
1.4H3
2.160
4,447
3.877
1,621
2,809
U 521
3.809
l!374
2,843
1,415,009
31,1*4 S
31,750
21,343
6,639
.
Total
F « fwtnotee se* p,
1,383,248
15,476
104
STATISTICS OF INCOME
T A B L E 6-—Corporations submitting balance sheets, 1937, by total assets classes, in
aggregate and by major industrial groups (by returns with net income and with, no
net income): Selected assets and liabilities as of Dee. 31, 1937, or dnee of fiscal
year nearest thereto, selected receipts, compiled net profit or net loss, net income or
deficit, and dividends paid in cask and assets other than the corporation's own. stock—
Continued
[Money figures and total •seetfi classes In thousands of doll am]
MANUFACTURIJTO: CLOTHING AND APPAREL—RETURNS WITH VOKETINOOME i
Number
Caab;
of returns notes and
with
aCGQUUtS
balance receivable *
sheets 1
Totiil assets classesi
Under .VI
50 under 1<KS_._,,. . „
100 uudftr 2J5O
230 under 500
SOOuQdnr 1,000
l,H00 undsr 5h0(ifl is
5,000 under 10,0001S
10,000 undor svjaoa n
50,000 under 100,000
„
„
. ,
.„,„
-
407
lejans
is, sen
IS, 432
104
4i
11,870
7, 7SS
l £ 5SS
Capital
assets (less
tion)
10.057
4,243
7.108
J5. S46
6, 254
Total
assetstotal
liabilities •
55.199
W.M1
M, 300
30,003
-„ . ,
J3 1
Clwsea grouped
-.
Total..
4,634
13,91^
10, 336
11,039
4^,473
95, SM !
S3. 717
44,31S
2SA, 7SS
Bonds, notes, mortgagts payable
Aocnunts
payable'
Total assets classes »
Matnrtly
lyear'
Under so
50 under 100
100 undpr 2ftO
2^n -Elinor s m
BOO unclrr 1,000
1,000 under 5.000 H
S,000 under 10,000 »
30,000 under 50,000 »
50,000 undflr 100,t>00
lOtljLMXI juni ovar.
ClqsScS grnupud.
Inventories
.,
17,057
10,113
6,403
4,194
13, ftftfi
7,376
Maturity
3 jre&r or
more 1
Capital att-ck
Surplus and
undivided
TJrofllslpss
Pretened.
Common
2,973
2.630
2* 675
4^440
4,000
3,9S7
35,450
17,327
2a. 067
5^513
9,381
1*112
3,«4t
3,981
15,442
12,214
ii^ m
we
. .
A, 4$ft
Total
6, Oil
S72
33,420
1A4U
7,1(17
Dividends
Gross
sales*
Total assets classes *
UndwSO
SO under IDA
100 under 250
250 under M0
500 iinttar 1 jOOO
ljOOO uuder 5,000 "
6^000 unriur 10,000 «
10,000 uudef 50,000 it
50,000 uncter lOf),D0(l
100,000 and. over
Classes grouped.
„
1^202
36,341
Gross
receipts
from operations *
25,49ft
2,019
1,983
417
137
TJfiiti La
Total
CompLled
compiled net profit or
receipts »
net loss " or deficit •
291,742
127, (159
140,734
efi, 361
54,041
" 3.373
W 2^ J53S
H 3. 372
n 1.312
i' 1 , 1 2 S
"8.473
"2,537
" 3,374
» l! 123
caaaand
assets other
than cor'
poration'S
own stocfr '*
32
100
127
907
.. .
Total...
For footnotes, sue p. 139,
81,003
3J5
81,887
"71V
» 717
6S6
748,567
80,036
762,424
H 17,43fl
•* 17,443
1,203
105
STATISTICS 0 ? IHCOME
TABLE 6.—Corporations submitting balance sheets, 1987, by total assets classes, in
aggregate and by major industrial groups (by returns with net income and with «o
net income): Selected assets and liabilities as of Dec. 81, 19S7, or close of fiscal
year nearest thereto, selected receipts, compiled net profit or net LHSA, net income or
deficit, and dividends paid in cash and assets other than the corporation's own stock—
Continued
[Money figures *nd total ttante classes In (housanda of dollars]
MAMUFACTUHIXO: LEATUKE ANLi ITS MANUFACTURES-RETURNfS WITH NET
INCOME i
Number
Cash;
of returns notes
aad.
with
Total assets classes *
sbeow^
Under5ft
50 under 100
100 under M O . . . . .
360 under 500
BDO under 1,000
l.OOO UTKler 5,000
WW0 w i d e r 10,000 11
llljOOO under SuunO
50,000 under 100,000"
100,000 ami ov«r
Classes grouped _
,.,
,
,-
-
---
--
,-- „
,,-,,.
..-.,,
„...
-
UCCOTTTttS
i*ceiTBble4
310
1M
2Z6
136
73
34
12
i*3 >
HI
S.567
4,*47
is,aov
15,055
1«,6&K
34,20^
23.524
B o n d s , E.ott-9, mortgagca payable
TotaJ assets classes '
Ur^pr5fl
60 under 100
100 under 250
250 under 500
S00 under 1,000
1,000 under 5,000
5,000 under 10,000
10 00(1 unrtcr 5 0 , 0 0 0 "
50000 under 100,000 u
,---..
Clsss^proDped... .
-
-
Total
Total assets classes '
,
2.49S
4, 170
14, 132
17,90 V
1U,O3L
63,71*2
2^,532
7»7
1. 22S
5,673
b.2ib
5.165
1^0*1
4,236
Maturity
1 yew or
more*
287
307
1,401
U501
l N l3B
Bh448
1,637
210,042
1,333
2,067
7tS32
7,8t«
9,491
24,940
13,739
31,050
Se,7B0
Capital stock
Preferred
538
3,387
3,003
7, J97
30, 28$
1&S30
CoaimOii
3,901
5,1£A
14, 827
14,7B.1
10,806
44.32ft
1^065
Total
assets—
Total
liabilities •
7.&Sfl
11,740
10.110
46,281
51.433
143.40ft
61,351
150.S4&
Ml, 108
Surjilus and
uudirided
profits less
deflate
34fl
8*337
12,142
11, flW
40hOTB
31,394
— ---
100 000 and OTCT
Vwier K)
1,717
2.WK5
fi, i l l
5.710
4,344
9,752
2,101
Maturity
less tli an
1 year'
assets (loss
tioo)
4&92T
162,580
Total
Accounts
payable *
Capital
Itiven-
r.....
SO tuiflpr lUfl
100 tindw 250
-»250 under 5UCI
500 under 1,000
1,000 under ft/KW , . „ .
5.000 under 10,000
...---..
10,000 undnrfiO.OOO"
- 50 000 outlet 100,000 i*
100,000 and over
... .
Classes grouped
Total
Fot footnotes see p. 130.
5,785
llh530
6.203
7, Mfi
73,265
50,545
37, G91
47, 312
17,091
01,922
1&4.321
)56y 1*10
Oroes
aalea"
4 i 127
12L MS
US, 50S
105, 2f»»
23 2, 539
Ifti. 304
Gross
receipts
from operations11
712
.1ft
109
91
26/
4S
Divldeuda
paid in
Total
Compiled Net Income casb and
assets ftther
compiled act profit or
receipts "* net loss « or deficit 1 than corporatfon 'a
own stock is
413.050
122, 923
117,785
KM. 7«1
21S, r>7l
10i, 513
«1
70S
2.74fi
3,O0fl
3,M3
6.707
4.S14
«l
705
?.74fl
3,raa
8,0.71
4^700
181
1.600
2,138
2,3B3
e.<m>
a,S40
MB, 716
373
209,014
ID. 234
10.S34
10, 701
UGS.81D
2,036
SSO, 6fi«J
34, 101
34,086
3fi,278
106
STATISTICS OF IXCOME
T A B L E 6-—Corporations submitting balance sheets, 1937} by total assets classes, in
aggregate and by major industrial groups {by returns with net income and with no
net income): Selected assets and liabilities as of Dec SI, 19S7, or dose of fiscal
year nearest thereto, selected receipts, compiled net profit or net toss, net income or
deficit, and dividends paid in cash and assets other than the corporation's own stock—
Continued
[Moneyfl*4W»andtola]aaaeia elaaaes In tbownndd of dollars]
MATSTUFACTUlilXO; LEATHER AND ITS MANtfFAOTURES-IiETURttS WITH NO
NET tNOOME i
Number
Cash;
of returns tiotf*
end
witb,
B* counts
iccuivohble *
Total assets classes'
Und-erSO
SO under LOO
J00under 250
. "250 under 5O0
_> - .
500 under 1,01)0
1,000 under 5,(100
-„.
5,000 under 10,000 l a
10,000 under 5O.O0P* •fiO.000 uniier 100,000-100 0OQ and ovw - Classes grouped..
- r -- Total
—
73S
1S&
174
40
33
4
" i
8,271
fi,7l6
II
Accounts
payable *
--
4.OE7
S29
4,205
22,742
-
Total assets classes *
-.--
sales u
--.
10,835
71,567
48,183
44.372
80,309
2M) under SOfi
5OniiTi(IPT 1 ODfl
f> con- tinder io ooo i a 10,000 i*ud« 50,000 lK
BO ooouride!* 100,000.
100,000 aud oTer Classes primped „
3^042
Q. SB2
Maturity
1 year or
man *
Total
assets—
Total
liabilities >
13,053
2fi'736
nj' 52I
28.237
69,947
11, 36S
£9, 909
13.SB7
e,^o
34 381
85, MA
47,0«8
210,007
Common
Surplus and
undivided
profits ten
deficit r
Capita
Preferred
SHI
Gift
1,144
6, 2S2
15, SUf)
3.4L7
3^ I l l
13,667
10, G47
12, 71fl
9, ISO
21, Z'i'd
1*4,
1* l d
H 1,
1,
A84
7,W
23&
1C9
» J, 97a
.
Classes groured...
Under 50
TO under ion
Maturity
less than
1 year *
1.691
1,572
3,912
1210
4 057
15,5*0
IZ
Total..,-, „ -
4,213
1
a, eon
BonflE, nntns, mortgages payable
260 under 500
500 under 1 000
...
1000 under 5 000
5 GOO under 10 OODl11J -10 000under 5f* 000 .
50 000 under 100,«00
dtfpracialion)
4,033
- -
Total assets classes •
Capital
Inven-
-
Total - - - - Fc-r footnotes seo p. 139.
-
receipts
from operatioas *
l.»W
I TfiS
£7
f.2
100
5,541
9.C?e
14, 480
1. 72S
3B, 029
30,152
5>l, 323
"6,503
•JfJarr
Dividends
paid In
cash and
assets other
than corporation's
own stock H
C o m pi led
Total
compiled Jifift •ptofi-t or
receipts 1*
42.412
29,617
73,204
» 1, 807
11
« 2, 211
44.701
SI, 84fi
1* 1,704
n 2 243
11 ] gfjj
1* 1.705
1' 3, Ifi7
1.807
16
23
54
29
138
701
42,331
42, 6&1
» 617
HfllT
Z07
355, 380
862, 718
1* 12, 349
"13,378
J.U8
107
STATISTICS OP J5TCOME
TABLE 6.—Corporations submitting balance sheets, 19S7, by total assets classest in
aggregate and by major industrial groups (by returns with net income and with no
net income): Selected assets and liabilities as of Dec Si, lQ3?t or dose of jiscal
year nearest thereto, selected receipts, compiled n&t profit or net loss, net income or
deficit, and dividends -paid in cask and assets other than the corporation's own stock—
Continued
yMonej- flgureg Hud total iwBPtft c l i m m In thousands of dollars]
1' KODUCTS— R E T U R N S
M A N U F ACTU KIN G:
WITH N E T INCOME •
1
Number
Cash;
of ruMlFJis notes
and
with
balance reoelvalile <
Total asset J «tBg$« t
C4
Undei 50
£0 untie KM
100 under 250
r
2B0 under WO
500 ua(J«r 1,000
l.OOOumkir S.ODO .
.1,000 under 10,000
10,000 under 50,000
M.oOn under 100,000"..
100 COO l a d over l i
-
-- . , -
45
3L
30
_.
Total.. . . . . . .
0
•M
112
S.12
674
4, 5S1
4. M7
18. 411
12, 9*2
13,777
23^ 167
27,*01
23,213
130, SIS
144, ft6fl
1S9. 373
237,005
B o n d s , UOCl^r BTL^Jjrt*
Accountsa
payable
Total tisssts classes *
411
3(S3
l.Svtfl
1.446
4, 3S5
1*555
4.7*0
U n d e r 50
sn uTififii" too .1
1IJO und^r 230
500 under 1,000
1,000 under 5.000
5,mfl tinder 10. AM)
...
5o!o(l(i u n d e r HW.OOO".
100.000 a n d over™
..
Total
Total assets classes .*
.-
'.
J
Maturity
less than
l year *
Maturity
1 year sor
marc
1U5
223
1SS
063
42h12G
32, 4157
72,708
415, S31
Oross
falcs B
757
967
2,713
7, 56»
S, 525
i',4f)tj
1,907
4,419
Grow
mv-lpts
froni operatic-DS •
'
Invtsa-
Capital
assets Gt-ss
tion)
Total
Total
507
1,077
4. 33S
6,802
tt, 008
i.fwa
3,063
11,328
01,138
S53,SB2
201,010
$07,607
Capital stock
Preferred
SurTjlus and
undivided
proftte leaa
deficit'
Common
1,210
l.W>2
Il!u72
9, 63ft
17,543
23^702
3O.B72
16,S23
3,12!
1,977
Sn70E
27, Slfl
Ml, 593
33,629
98.277
130. SS2
147, 231
115,250
lift, 015
l&l, 126
242,900
213 164
DMdruds
paLd in
Compiled Net in come cash and
Total
assets
other
net
profit
or
compiled
receipts lD net loss " or deficit' than rorCWfl StOCJi »
Under So
50 undrr IO0
4 K7O
6-, S76
100 nncffcr 'J3S0
« » under L.ntlO..
1,O(H1 under 5,000
fi,OWl uudftr 10,000
10,000 u n d e r GO ,000
flO.Ofttunder LOO.OOO13...
100,000 t n d o v e f IJ .
Total
Tor footnotes, ici« y. 130.
2&
HM 1
1BK !
13
1
4. as ?
fi,-p56Ji
'Sfi 352
31.204
1G4
372
1.045
164
372
04
217
S02
1,024
937
5,900
3,440
1.739
1.730
127,042
1U
33
1,868
IQ.OiQ
1Q!QS3
101J242
M04
526h 763
1.61S
S4S, 25ft
10fMfi
10,336
20,708
SCO, 902
2,430
03", 519
40,614
46. 5SS
42.0IA
SO! 038
31, 3.W
125, 81^
109,SI?
99,497
f>,S4ti
6,1S7
108
STATISTICS
I3TC0MTS
TABLE 6.—Corporations submitting balance sheets, 1987, by total assets tHattseg, in
aggregate and by -major industrial groups {by retwrtva with net income and with no
net income): Selected assets and Uabiiities as of Dec. 31, 1937, or close of jt&cal
year nearest thereto, selected receipts, compiled net profit or n$t loss, net income or
deficit, and dividends paid in cask and assets other than the corporation's own stock—
Continued
[Money AfnrM nqd total sfiaets C)MI^II 1* thooMidfl of dollar*]
MA-NtTFACTtTRIMQ: R U B B E R PRODUCTS—RETURN'S W I T H NO N E T
Cash;
ol returns notes auij
acomnle
balance
Total B&ets daaara »
Under 50
50 UDtier 100
100 under 250
250uuaer500
SOO under 1,000
1,
ud 5 0 .C
5,000 undftr 10,(100'«.
I0h000 under 5ftwm "
40,000 under 100,000.
In veil-
torics
Capital
assets iless
depreciation)
eM9
5450
5?S
1,1103
1.36ft
i, aai
7.03*
i
20.339
31,417
5.440
21,
IS, 22$
1, 2f>7
1,512
1,211
1,077
97fl
1,755
3,903
n\
Total
>»3
7,831
a 1,705
100,000 and aver
Classes grouped
274 i
Tota]-
Bonds. Dotes, mcrtjragca payable
Total assets riasses *
TJuderso
60uadorl00
100 under 3W
250 under 500
^
500under 1,000 . . .
1.000 tnader 5,000
E.0M1 under 10.0001*
1,
,
Bfl.non midor 100,000.
100,000 a^d nvor
Classes crouped
Under so
50 under 100..
KK1 tinder fflM
250 under500
SOfl under 1,000
1,000 under 5.000
S.000 under 10,0001S__
in,00uun<ierfi0.000».
50 PO0O under-100.000..
100,000 and over
Classes grouped
Total.
Capita] stock
u p u s and
Accounts
undivided
Maturity
Maturity
l&ss than
1 year or
1 yeHr * I more '
fira
671
3HB
228
434
400
4, 53C
1,000
17,5S3
7,736
22,309
Gross
Oropg
receipts
front operations *
5, si 3
3,685
7.+35
3, 271
141
150
247
1,01ft
'2,71*
Common
2,\i2i
1,231
1,992
3,467
3,315
11H S16
7r670
10,059
as, 639
"340
M
1S4
" 490
" 534
" 473
1, 215
23.196
H
1, 449
ZS1
"983
w 7. 219
Jj, 9S2
Compiled
Total
complied net profit or Net
L
receipts 1( net loas" or deficit
5,567
3, fffll
7, 4K7
8,364
fi,6S7
23,013
Preferred
3S0
365
114
1,10?
2,585
7H3
1.7*0
Total.
Total asset* tlasses s
43.1C1 :
I
34O
l.Vt
4UU
t
474
26"
Dividends
paid in
assets other
tuau corporation's
40
129
302
3. 508
•3,562
376
STATISTICS O*1 1SCOMB
109
TABLE 6.—Corporations submitting balance sheets, 1987, by total assets clauses, in
aggregate and hy major industrial groups (by relume with net income and with no
net income); Selected assets and liabilities as of Dec. 31, 19S7, or close of fiscal
year nearest thereto, selected receipts, compiled net -profit or net loss, 11net income or
deficit, aitd dividends paid in cash and asseU other than the corporation s own stock—
Continued
{Mane? figures and total assets * lasses in tboiiAflde or dollars]
MANUFACTURING :FOREST PRODUCTS—KETURNS WITH NET INCOME i
Cash:
oE returns, cotes
and
with
4c counts
receivable
*
streets *
Total assets glasses i
Under W
M under 100
J00 under 23Q
233 under 500
..
sOO under 1,000
. - -.
1.000 under 5.000 . . - - - ,
551
704
237
206
29
" 12
13 1
£,000 under 10,000 3
10.000 under -50.0W ' - . .
SO.lTOO under 100.000'3 . . .
100,000 and over *J
r L a s a a grouped
7,570
11±B95
31,634
37,345
33,695
6,45b
11,746
36.034
45,048
45,763
34^626
3l|391
6,511
13, OSS
37,645
63,661
57, 713
165,291
90.812
BBB, 746
Bonds, notes, mortgagfjs payable
Total assets -classesa
ICBS thfln
6
I year
4,13G
5,791
laJMJS
13.4.51
...^
1,000 under 5.00ft.
21. 874
17,207
2,312
.19,722
157,650
302,710
lm, 106
Capital stocfe
more *
18^753
m
9,048
9,034
33,133
IS, 591
deficit'*'
Pnsterrcd
11,7*2
19,723
-W, 273
2.2#
14'293
_ „
417 T 22S
677, 649
14.2SS
37,719
12,116
S7T f iaa
61,414
69,134
•.
50.000 under lOO.MO *. . .
lOO/JOOaad over n
..
Classes ginupetl .... t ^
Total
21,850
115. £20
Surplus and
undivided
Maturity
Under 60
252,872
29, 135
3,011
£,QOQ w i d e r ]QTfl0ll
10.000 underflCOHO» [
Total
assets (less
aaatts—
r n
J otal
depj-Mialiabilities >
tifltO
LI ]
....
Total
JOO undorSSO
2fifl) under HClCl
5Q0 imd^r 1,0110 .
Inventories
3,
17,
34
41,
102,
1(57
7S5
7G7
247
Mfl
13S
ftO.SW
tl, 77W
9,602
17.865
9.562
JC8.526
251,322
97, 15S
SI, 209
97,314
90,618
556, lft+
511,877
Dividends
Gross
sales'
Total asset; classes»
reoeLpLs
Ironi operations "
Total
Compiled
net proat or
tietloss »
Wet in^nmn
cash and
assets otber
th»n oorown stock i*
Under 50
IW under 250/..,.'.I
,-V....'..
i ,wc
ez.eos
fnsi
304, iflT
5^5, 914
1,«94
ZS77
S.fiSS
11,888
34s! 790
Ifl2, 0^1
27! 241
10,433
LI. 9('4
11.403
27, 1M
10,41fi
222.400
1^3, 677
500 under 1,000.. . . . . . .
1.000 under 3,000 , . . .
5 000 11 nrter 10 OOO
10,000under 50,000 " . „
50,000rmtier ]0O,OO0 JJ .-.
100,000 and over L I . . . . ^ . .
145,216
Classes grouped
.^
Tot«a
For footnotes, sea p.
2I0SDS—#0
(50. 7S4
soi'ou
S
1, J29
7T>ft
1, SOS
3,327
1 WS
2.877
*37
S, 446
6,514
130,220
3.4S5
H6, eta
ii, ioi
i7,6ea
14.243
1, 3-7Sp flfr* '
15, 00 f
1,434,202
91,556
91,333
63,784
110
STATISTICS OF INCOME
TABLE 6.—Corporations submitting balance sheets, 1937, by total assets classes, in
aggregate and by major industrial groups {by returns with net income and with no
net income); Selected assets and liabilities as of Dec. SI, 1987, or close of fiscal
year nearest thereto, selected receipts, compiled net profit or net loss, net income or
deficit, and dividends paid in cash and assets other than the corporation'8 own stock—Continued
f Mon*y figures and total aM«te diMH in. thou
MANTFACTCWN'O: FOREST PRODUCTS-RETURNS WITH NO \'ET INCOME
Ktwiber i
Cash:
of returns notes
and.
with
t
balance
Total assets classes •
Inventories
receivable '
Under 50.
sn under 100
100 under 350
SsO under 500.
5ffl>under 1,000
9.372
7,729
1,?22
474
470
104
JOF
12,400
12, 3<tf
14.779
fi, 147
8.107
7i
5,000 under 10,000...
10,000 undnr 50,000..
SO.non nncter ICHUJTJO
100.000 find over
14
3,0SI
Sfn, 800
Bonds,
Total assets classes »
Uad«r
500 under 1.000
1,000 under 5.000
Ji,ODO unfier 10,000. __
10,000 warier 50.000. .
.W.000 nnder 100,000 _
100,000 »a<3 o v e r . . . . .
Mfltoiity
le$s than
t year *
10,128
ft, 252
1EO
7 2Sfi
14, W5
14,274
4S9
77,296
Toti.1 &ss«ti> classes >
Under 50
50 under 10O--,»
100 imrtw 2M
250 under 500
500 tindvt 1,000
1,000 uhdetf 5 . 0 0 0 . . . .
Ps.000 unrtnr 10.000. - .
io,om underfill, m o . .
Sft.MO under 1M.0OO.
100 OCO an<) rtvpc
T&tat.
For footnotes, 9fte p.
6.413
6,684
18.010
17.W3
26.274
P. SKI
12.227
Gross
sales '
,
42.47C!
71.117
53.334
£5.486
7G, ,181
30.185
4 i , see
«2, 203
115,708
ST.JI33
B8.00B
H4r4fi0
3 7H3
B,7Bfi
15. firm
fi,BSO
I S , CWO
5.8.096
]ll,9ttl
60,732
Gross
receipts
fnoni operations *
1,272
2t9
104
BIS
2,373
1,143
Surplus and
undi>i<tfid
profits k>sa
dfti'
1
9, a
31,0
2^8
30, W0
HH 1S6
362,74G
Maturity
2,690
1.094
1,»I4
2S. 7.W
51,245
4S.519
41,307
38,4 S3
71,285
MOO
Total
Compiled
compiled uel profit or
receipts [* not loss
Ul
32,417
ii,S?i
7-1.10J
B8.370
7S, 7 «
ifiT, 412
Capital
3.584
ShS01
5,4iO
12,404
S,8ffl)
Total
asset?—
'J'otal
12.082
14, IBS
2382
31.770
34.379
RS. 6.1.1
7
Tota).
eoundp
loo under zao
Capital
assets (less
depreciation)
83,272
"23.317
H8.29S
>'13,674
i' 9, 352
2, 104
3,332
13,526
33,438
1*2,070
t
cn
deficit
i v d
paid fn
cash and
assets dthn
than cor-
p
own ttoct "
68,561
44, 110
57.027
» . 775
33. 4M
44,207
4ti\,
4, Ifi3
2.290
3, S39
3, 3B5
X f>77
5, 1ST
1.211
5,241
31
23,967
300
40
71
300
241
233
120
S50
1,364
111
STATISTICS OF INCOME
TABLE 6.—Corporations submitting balance sheetst 1&37, by total assets classes, in
aggregate and by major industrial groups (by returns with net income and with no
net income).' Selected assets and liabilities as of Dec. SI, 1937, or close of fiscal
yaaT nearest thereto, selected receipts, compiled net profit or net loss, net income or
deficit, and dividends -paid in cask and assets other than the corporation's
tk
C'cm Li Tiued
{Moneyfluurea uid total assets classes In thousands of dollars]
, PULP, AND PUODUCTS-fiPTUKN-S WITH NET
MANUFACTURING-;
INCOME i
Number
of returns aot*a and
with
balance receivable *
sheets *
Total assets classes -
UnderSO
---
ml)
LOO u n d e r 260
260 u n d e r aOQ
500 u n d e r 1,000 . . . . . .
...-_.
1flOAii nddr 5 000
5 01)0 u n d e r 10,000
LO,000 u n d VT 50,000
5{H)(K> u n d e r 10n,0(XJ
'*
.. .
LOO 000 mul ov^r 13
. .
2 762
4.650
13, 817
%i, IWi
1H6
30
32
13 3
" 2
1,345
Total
3", 731
74,327
VnderSO
SOunrter 100
payable*
. . . . .
1,400
250 UTKUT 100
M)0 u n d e r 1,000 . . .
1,(100 nailer 5,000 .
. . . . . . .
.VilOO u n d e r lO.QOO.
.
10,000 under 50.000
1
flD.ttOG u n d e r IOOJQOO
*
ia
100,000 and over
Total
-
18,047
Maturity
less than
1 year s
533
Oil
3, 444
3,018
3. 424
1 6S7
3, 39ft
10, 57ft
i", ys4
7^! 777
30,716
CtnlerSO
£0 under 100
100 u n d e r 251)
250 linden fiOO
500 undftr \ hn00
1,000 u n d e r 5.C0O
s.oott u n d e r lO.ilOO.
,..,...
flO.OOAunder 100,000
'*
lOOtUOO a n d ou«r rj
Total
For footnotes, ste p. 14D-
« ; 456
311,530
?. m
11, ,1>26
46, S9S
03,543
i n ^ 1S9
M3, 0L9
2W.071
588,255
122,220
l"4> 510
487,150
87S, T1S
1,922,152
Maturity
1 year or
more*
OiO
Capital Stock
Sarptas aad
andlvld&d
profits less
deficit:
P^d
W
J38
3,046
S. 572
36.005
4,341
5.S1S!
ft Afvt
17,113
23,943
S7, lSft
7l,a&9
101,247
22^304
ass
3,257
11,446
S3[760
123.347
05.O7B
11, 21S
0,900
114, 8W
170,981
81,762
89,147
80,892
«3,002
361,577
372, &03
M9h«01
490, 851
Gross
Total assets classes'
2.143
4, 8SO
17.646
28,056
45,303
3KU65
Bonds, notes, mortgages payable
Total Assets classes *
Capita]
Total
assets (less assets—
depreciaTotal
Habllitles *
tion)
lories
sales 8
20,353
32; 118
96,793
135, 111
42»1 742
179. 601
3%, 105
Totnl
compiled
l5 "Dtt- profit or
from uper- receipts
net loss 'i
fltliiDS 1
2S4
42ft
Rll
>SUor
(rwn ^toefc1J
30, 797
619
618
32, 676
1.023
12a 023
7] Si5
10, 7ft 1
1,022
4, 13)0
7,790
10. 718
35, 514
13,430
39,016
43f( 112
174,1»R
4061, T>14
as[ 075
Divf (lends
paid Ln
ensh (ind
assets other
than oor-
286
554
S, 245
0,153
20±10O
12,03d
132, Uta
1,322
148,196
)8,64&
18,538
14,332
1.572,016
5lS7O
1, 516, 256
.3^25,
13S, 03B
S2, COS
112
STATISTICS OF
TABLE 6.—Corporations submitting balance sheets, 1.937, by total assets dosses, in
aggregate and by -major industrial groups {by returns with net income arid vrilk no
net income): Selected assets and liabilities as of Dec. 31, 1937, or close of fiscal
year nearest thereto, selected receipts, compiled net profit or net loss, net income or
deficit} and dividends paid in cask and tm$e($ other than the corporation's own stock—
Continued
[Money ttfures and total assets classes In thousands of dollars]
M A N U F A C T U R I N G : P A P E R , PUT^P, ANTO PRODUCTS— HK'PUJRNS WITH NO N E T
INCDMfi i
Under 50
SO under ton.
100 under 250
2B0 under MO
«Wuii<ier 1,000
1,000 tinder 5,000
5.000 under 1(1,000..
10,000 under 50,000"
Sft.OOO undor 100,000 L
100,(100 and over
Classes grouped
Total
300,974
Bonds, notes, murt
bl
T o t a l sssBtE classes •
Under SO
—
BO under 100
ino under MO
2W uudor 500
WO under 1,000
^OfX)
d(l0O
Maturity , Maturity
less t\mn j j year or
6
1 y^a *
Capital Etocik
PrBfafted
Surplus and
undivided
prcufits less
UcQrLt '
ComTnon
1,367
2,420
2, 2fh2
5,125
7,450
fi27
fi,0(K> undCT 1 0 , 0 0 0 . . . .
10,000 u n d e r 50,000 '<
1.037
2,612
2,1*8
1,322
1,482
ti, 171
30, UM
ri, 151
3*
1,(143
OHM
3, 12*
89fi
4, &1U
7.1WI»
4, 74fl
12; 032
U7,126
5, 378
xa.oan undur 100,000 u
ifHVHH) and over
.
Glasses grouped
-'4. 190
^ 212
1, S21
1, 0S3
ll2
11
1*104
30,2*14
22,57:1
12,306
Dividends
J
Total asEtts classes
Gross
sales*
GIDSS
receipts
Total
ffiUll Optl
paid JQ
cash (ind
CorapjJed
net profit or
net loss ii
I than oorown stock
13,
TJnderSO
100 under 23b
26Q under 500
600 under 1,000
1,000 under 5,000
ft.000 u nder 10.(500.
.
10,(]OO under 50.000 " .
MJOOOdOOO
34, 353
13, 447
100,001) and over .
For footnotes-, see p.
15, Sft4
27, liSt
s«so
fi6,472
* S KTOLl
TotnJ.
3SS
afi
33
151
107
22],
!I
" 1 , 037
714
, 1
L' l i t *
1*744
2, 322
3. 173
" us
2
a:
21S
78
3, 211
' l 11, Ofift
705
STATISTICS
113
OF INCOME
TABLE 6.—Corporations submitting balance sheets, 1&B7, by total assess classes, in
aggregate: and by tnajnr itubistriat groups {by rrfurns with net income and with no
net income!) i Selected assets and liabilities an oj Dec. %i, 19$7, or close of fiscal
year nearest thereto, selected receipts, compiled net profit or net toss, net income or
dajlcttf ami dividends paid in cash and axsets other Ihiin Ike corporation''sown stock—
Continued
[Money figures and total assets classes in thousands of dollars]
: PTtlNTINO, PURLTKHrXG, AND ALLIED INDUSTBTES—RT5TURN'S
KET
Number
•of returns in Cast;
Irs and
with
acctmnts
balanco
Total assets classesa
.279
835
S3S
390
257
210
W
25
U m i e r 50
50 under 100. _ _
100 under 250
EW und<r ortO
500 under 1,000
l F omunder.%nn
5,01*) under 10M
10OMl
i0,noo u n d e r
LOfl.OOQ a n d o v e r i»
C) asses grmtped
Inventories
10.BBT1
19,S27
3S.8SB
4.712
6.741
14.703
17.410
18^784
40,645
9fi,7R8
51.827
81,134.
17.551
47,739
4.R73
Total.
Tfltal assrta classes.»
Under Sfl
SO imder 1O0
lOOamfo-250
fl.OOfl under .
10,000 under 30,000..
Kl.flOQ linrfrr 100,0(10'
100,000 a n d o v r r ! a . . .
Cl
Total.
Total assets clessos *
"Under K) - . „
sounder 100
lOOander 2.10
do 1.000.
1,000 uiufrrA, 000.
5.000 under 10,000.
10,000 tiuiifir
so.ooo
sooo undft
d ino.tro
100,000 anJ o v e r u
C
Total
Tor footnotes, aec r>. 139.
a. 94*
6r.VIfl
11. 884
12.070
12.513
ai,7fi7
10,071
30,735
Maturity
lrs.i than
1 year*
a, 045
7.560
fi,T9fl
ft, 029
i a. ssn
ll h 4O3
14,815
63.406 ,
186.9134
css
sales i
SS, SIM
R7, 744
1
177,04fi
y
1 yesr or
more*
Gross
Mcopts
from operw
atiyas *
2S.267
20,837
26, 604
3, E75
f!O, 210
1, tML Tfll
180,221
128.003
VI, 004
32ft, 523
Capital stock
Preferred
3,266
MilT
12.993
20,734
33,010
Sft76
Common
iiTijifl n&
undivided.
profits ^css
deficit'
2T t 77l
2fiM3
l r 2fil
11,42a
HIS. 0(J4
61. W7
174, 2BB
S0S24
h
9, 994
26.1 Hi
37, 100
308, ECO
14.% TOO
fiflrj, 647 I
72ft, K37
Dividends
paid ID
Total
Compiled Net income cash and
assets other
cflmpilefi net profit or
or deficit i
than cornot Toss
receipts111
poration's
own stock "
118,124.
109,R3ft
200,171
UMN 377
208,330
3l2nn
J, 131
IM>, S13
1M. 7 4 8
i:W, OttK
r
7,70S
13,385
B7,
lfi, 2!)S
20,713
42,075
4Hr747
60,173
158.871
433,
, mortgages payable
Aocountss
payable
Capital
Total
assets {U?-aa
. Total
di
liabilities»
217.337
339 r 167
4, 25fl
ii 810
12,525
12 fi07
18, 257
42.B41
28 501
42 805
79,631
13 82L
1,876,31*1
180,314
4,255
4,300
12, 4«S
1
18,158
3,013
A, 1B7
12.496
20.006
13,
179, 190
11,644
121,401
114
STATISTICS OF IN
TABLE 6,—Corporations submitting balance sheets, 1987, by total assets classes, in
aggregate and by major industrial groups {by returns with net income and with no
net income): Selected assets and liabilities a& of Dec. 31, 1937, or clous of faval
year naareat thereto, selected receipts, compiled net profit or net loss., net income or
deficit, and dividends paid in cash and assets other than the corportxtion's own. slock—
Continued
[Money ftffwea mnd total assets classes in ttmnaands of dollars]
: PRINTING, PUBLISHING, AND ALLIED INDUSTTtlES-R E T O N ' S
WITH N O PfKT I N C O M E !
of returns
with
Total assets classes *
sheet. •
4*11
601
377
U n d e r 50
60 under 100
100 under 250.
_.
. .
250 under BOO
MO under 1,000
1,000 under
fi.MO
5,000 under 10,000
10 000 under 50,000 i»
E0.000 under 100,0(10
_____
.-
79
_ _._„_
. ---
a
accounts
recolvabie H
Inventories
liabll-i M >
7.2S1
4, 3Sfi
32.4.6
T7.38B
57.300
6. 41B
lfi!()Sl
5.033
21,0*6
14,570
20. 108
4,311
11,005
07.0U7
884
41.4M
12,965
_
13 1
Total.
43,^77
Bonds, notes, mortgapes payable
5fl! 332
y L S2S
42,060
_.
152, 54&
.70,171
undivided
Maturity
less than
l yes* *
Under RC
20 027
13. 724
11, Oil)
4,1542
10. 136
_.r.
900 under 1.0Q0
5,000 under 10,000
3. 172
£63, 250
Capft&l stock
Accounts
Total assets rlnssus t
100 under 360
Total
assets—
_____
100,000 ami over is
fin iiruiftr lOfl-
CupLtaJ
aPRdta (less
11, 211
4,860
4|_!31
7.(500
in nf>3
4,457
Maturity
1 year or
aore *
10.307
5.19!
7.838
8, a is
9,022
11.1W
proflta IPSS
rrefcmed
3 80f>
3, 7«0
4.40S
4, lift
0,357
lit 14*
Common
Sfi.flflfi
21,609
4,000
.4,237
HJ.000
1..470
" " " "" "
30^,557
H 36.745
it 13.135
u 1,19*
H 4.035
5 3*53
B61
60 000 under 100 000
100 000 and DVBT **
Total
_
Totftl A&sete clftSseS *
14.341
3, son
93, 156
51,917
sales
1
Gross
receipts
2(1 0^3
tt.fia»
Total
84.690
paid in
Compiled
income (Ash and
otber
net profit[lor Net
or defldt' assets
tban CTrDet loss
o w n ;t(K-L-"
"Under So
50 under IDA.. . .
100 Under 250
250 under 50C.
WO under 1.00D
.L..
B,0(M under 10.COO
10,000 undertti.CXH)u
£0 000 under 100.00.1
100,000 aatl o v e r ' s
Classes grouped
_
. .,
Total
For footnotes, sec p. 39.
105. SBG
45, 137
50.477
4S, M7
3&. fill
15, 25?
IB. 020
233
14!, 215
61.031)
4ft, 795
GO.410
i* D. Sfif>
1*3.411
1*2,524
5. 702
14
2, 017
11
I, 412
14
" fl, B7S
H 3,414
u
4.9(12
" 5h 700
11
L 5CKJ
93
$3
94
130
230
Ml
14, US
445
20, eon
" 4, Pfil
» 4, f>57
350
429,680
72 r 608
614,678
vi 33, ft45
» 34,075
1,766
115
STATISTICS OF INCOME
TABLE 6.—Corporations submitting balance sheets, 1937, by total axsetjt classes, in
aggregate and by major industrial groups {by returns with net income and with no
net income): Selected assets and liabilities as of Dec, SIr 1987, or close of fiscal
year nearest thereto, selected receipts, compiled net profit or net lo8St net mcimf or
d$fieit, and dividends paid in cash and assets other than the corporation's own stock—
Continued
,
| Moneyfiguresand total vneta cln«e* In thoimjkdfi of dollars}
MANUFACTURING; CHEMICALS AXU ALLIED PRODUCTS—RETURNS WITH NET
INCOME i
Number
of returns tiotos and
with
aoooimts
Total assets classes *
Cipita]
(I
p
tion)
sbcets *
4,432
961
Under 50
EO under 10(1 . . . . .
lflfl under 2M1 . .
250 under 500
BOO under 1,000
1,000 uodor 5,000 . . .
6,000 aoclor 15,000...
1 0,000 under fiOjOnO
50.000 u ndtsr ion,non
100,000 and over
em
224
Total....
10.555
41,039
127. 9M
30,910
30,3*1
3*, 597
113,434
340,343
50,750
84,418
122,023
84TS3
2; 980
B o n d s , dfitos, mortgages payable
T o t a l assnts classes *
W trader 100
ino Qti(1er2,F«
26(1 linderSftO
5W under 1,000
i,0t» under 5,000.
fi.MW uiLctar 10,000
10.OTO under 60,000
Efl.OOftuij.lrr 100,
100,000 and ovnr
Totfll
Total asset? classes'
(fOuncSer 101
100 under 250
2MnnricT »0O
£00uadnr 1,000 . . .
].000 under &.C00...
5.000 untteciO/KlO..
10,000 under 50,000.
£0,000 under 100.000
100,000 and uver
Total.
oot no t*a, 3*6 p .
4,744
0,311
;
40 r 7fi7
51,310
173,714
85,340
603,010
171 W2
Acwuats
payable *
4, 0fi4
1333
h aso
12,201
H.O60
Maturity
leas than
] year *
1,574
2,4(10
50
Maturity
1 yesr or
mo***
1,004
1,604
4,058
5,882
4. Itt
2ft. 477
5j,4S7
1A4.3Q7
08, 536
43r3?3
47,^19
10,823
3 h7
25.694
23.336
2N!J, 04S
1491, S46
327,642
Gross
p
frfiia operations »
Total
Compiled
receiptsl0
Gross
sales'
t
(IS. 312
183,620
231,013
594,190
1,005
1,300
1,521
£50
51,075
183.004
210, 319
1,3841
4.4W
2,106
nil, 24S
259,943
1, IKS, 339
451, 743
582.718
20,78*
3, 835. 2S5
Total
n&sets—
19,908
,
97,271
1X1,079
162,106
572,109
2Sfl, 169
1,404,094
4S3.924
»40 r S73
4,111,036
Cipital stock
Surplus and
profits leea
Prefarred
CommoD
11,890
7^896
10,874
18,779
55,400
140,710 i
4% 423
Itffli, 051 i
42306
52,553
206,405
78,099
497,381
130000
289,980
5.425
24
r
37. IMS
54,334
13fiMS
103,149
444,fl^3
lM.ttSS
341,300
1,337, 432
501, 741
paidiTi
cssh and
Compiled
net profit or Net Income aaaota othar
net loss11 or defleft
than Oory
3,121
3,1S4
lft, MS
14.&47
Si, 322
69, R22
53. W6
13S, 83(1
430*
454,151
S, 130
3,191
14, S«l
21,299
Q9.132
33,758
135, 747
43,044
117,932
1,225
2,030
7,455
10,410
14,433
24,348
107T7fl7
29,770
91,351
341,
116
STATISTICS OF INCOME
T A B L E 6.—Corporations submitting balance shvete, 19$7t by total assets classes, in
aggregate and by major industrial groztps {by returns uritk net income and with no
net income): Selected assets and liabilities a* of Dec, 31, t9$7, or clone of fiscal
year nearest thereto, selected receipts, compiled iw.i profit or net loss, net income or
deficit, and dividends paid in cash and assets other than the corporation's own stoch—
Continued
[Money figures and total asaets classes in thousand* or dollars]
M A N U F A C T U R I N G : CHEMICALS A N D ALLI&D PRODUCTS— RETURN'S WITH VO ^ E
INTO ME i
Number
Cash;
Of returns notes and.
Total assets classes *
rS'k
sheets*
UudCT 50
flO tinder 100 .
10(1 tinrt^r 2sO
250 under sou
(i, 325
4,07a
7. 74fi
8,073309
--
mr
73
GOO u n d e r 1,1500
1,000 under 5,000
6,000 under lft.OOO
10,000 u n d e r 60,000,
50,000 u n d e r 100,000
100,000 a n d O V M
7
3
Total
fl.272
S, 942
lrt, 40 L
le.ois
!BOD^S, not-os, Tu&rt-
Tata] assets classes»
Under 50
50 under 10ft
_
100 utide* BEO . , .
and u n d e r ftOO
500 umier 1.000
],000 Undrr ROOtl , .
5,000 u n d e r 10,000
IO.0CO u n d e r 50.000
CO.OOO untlsr lOo.fKKl
100,000 a n d over
Total
,
__ _
trader ah
8,738
3 7A3
7 895
3, 71 &
"'Ifil
2713
1348
4,335
4,011
105
503
...
..
.
4fi,ISO
1' otal assets class* *
50 antler 100 . . . .
iflfl an6er2SS>_
Sfifl u n d e r 500
49,708
'A5,'U43
45 749
S3, 510
135,470
332,430
Capital stock
payable '
less than
1 year *
J
.
500 under 1,000
],O0f) nftdfiT E.O00
10,000 under 5O.D00
50 000 under inn 000
300,000 and over „
Total
For fiwtDoLoa, see p . 130-
Orosa
45,6-W
a&. 123
45,717
42.304
78,3*5
08.411
38,706
SB, 171
38,912
1 year or
snore *
Preferred
3,515
1,734
a! 343
fl, JSS
S,447
7,33(1
7.S49
41. SM
32,^(53
2S.S10
4G.T43
13! 014
19.334
a! so?
05,323
5 244,
R.H41
Total
^Tolnl
2.403
Common
29 ON)
11 4K1
a7. (IHT
19,171
23.053
Surplus and
undivided
profits l^ss
defloit'
i< 20, l»4
4,004
{•it
4,952
11 &, 353
390
2, 147
13,23 d
3, Mfi
3a, 3&L
40,211
173,8SG
ii.no>
6, 159
5,200
£>lvldAuda
p??[<i In
Gross
from operations *
J
723
10B
471
5
97
3,501
eas^i and
Total
Wrrpiled nfit praflt a t Net income assets other
rwenrtsifl nt't toss u OT d^flc^t ^ than corporation's
own stock 1*
47 Ofl/i
30,003
3*.100
43, SO?
1* 4 4H1
I'llflflB
l l 2 , 754
38
132
131
118
ess
HMO
» 1.95S
H 2,86a
" 771
"810
» 17, 30S
<*17,36S
1,509
" 4,430
it i. ees
i*
n
"
H
2, 7TO
2, (1R7
1, 909
3, TSEI
36.650
330,036
117
STATISTICS OF INCOME
TABLE fi.—Corporations submitting halanct sheets, 19371 by total assets classes, m
aggregate and by major industrial groups (by returns tvith net income and with nonet income): Selected as&iilx and liabilities as of Dec. 81, 1937, or close o/ fiscal
year nearest thereto, selected receipts, compiled net profit or net loss, net menme or
deficit, and ditridendy -paid in cash and assets other than the corporation's own stock—
Continued
iManer flames and toft I assela c)a*b4K in Ihausatafeardallara]
M A M " f ACTl"RING: PETLIOLEI'M AMU OTHEK M I N E R A L OIL PRODUCTS
WITH N E T INCOME '
[
"Number
at returns notw nnd
witb
accounts
sheets a
Total assets classes
U n d e r SO.
JiH
3^
52
HI
aft
100 u n d e r 250.•
2frfl u n d e r M}0 . J r .
500 u n d e r l.OrtO
„.
1,000 CHil^r,r. 000
5,rmo TT rdor 10,000
10.000 unrinr. Sn,000
5ftpWO u n d e r 100,000
IOOJDOO a n d o v r r
.
.
3, 3Ofi
1U. 151
31, 135
IS
7e. ana
18
Totetl
frU. U31
3OS
Tlonds, notes, mortgagee payable
T o t a l nssnts CLLFS&S *
Undft- SO....
Maturity
I year or
more '
Maturity
less thani
] ynnr
32I> i
1,' 831
4,220
50(1 u n d e r 1 00(1
i!()O0 iliulCr 10,000
~-.-^~I~
$0 000 m i dor TOO 000
1(K) OOO ftnr) o v e r
Tot&l
Total s$$ot& classes *
(i. 421
14.340
S3
BO u n d e r 100.3M under 500
MO u n d e r 1.000
407, 711
136, 301
Gross1
sales
_. ..
100,000 and over
Tntftl
For lootDotes, sec p^ 139.
ill
362
1.142
tt!6S4
10.542
4U, DUG
fll, 904
18,4 W
fin, 432
509,077
Gross
receipts
from operatioTis »
Total
compiled
3<W
27fi
2. nad
fl71
lttl
S, 27S
» « *
» 149
60^997
asi
540,376
424.114
3.117. 773
11W. 364
4. 217,81* '
220,657
;
Total
Liabjliiiea *
47^?
1,080
1 1*14
2,457
5.< S70
30,466
11 854
25.001
142. 009
71, 6fi3
2&t Si?,
SldJKlO
R«4
cue
6, S14. 402
Capital stoet
Preferied
r
Common
undivided
profits less
do&cLt ?
i'1,010
L200
1.77KJ
6.575
9^787
43,848
34.(102
] 33,264
2M, 7Sfl
2,W6. COS
223,128
3,1G£, 2»4
2,SW1
5,3S0
3+ 7S3
37,353
19fi. 280
1,521,533
Dividends
paid ID
Cora pi Jed N e t Income
not profit11or Or dftficit > ussotimtlior
net loss
tbnil Cnrporatlon's
own stock i*
131
2S7
1.190
l.OSfi
4,082
li. i m
454! 488
», 47S, 63S
4, (KM
30,
B74
15,554
234,130
4,329,017
300^64
4.026
Total
2, COG. « S 5
S44
liieai
355, 63B
iflnoimdcrs.om
5,(KKluiid« lO.OUO.,..^
]0.ffimTinilt>r :in I ono. .
3?0
640
1. 050
•23BS
6, 102
.•517
110, 44»
2.812
3.805
27.109
S1.4H0
"Under *0
1 1ST
2,482
Accounts
...
100 u n d e r 250
tories
146
717
si
10
.
Capital
assets (less
deprct; latin nj
InvOTL-
121
2SM1
1.190
fifl
US
4^075
11.91ft
4,111ft
2,354
7.1S3
4,4!H)
2J, 074
1«V144
217,636
20,873
15,387
233,288
252,015
118
STATISTICS OF INCOME
TABLE 6,—Corporations submitting balance sh^lit 1987, by total assets classes, in
aggregate and by major industrial groups (fry returns with net income, and with no
jzel income): Selected assets And liabilities as of Dec. 31, 1937+ or close ef fiscal
year nearest thereto, elected receipts, compiled net profit pr net loss, net income or
deficit.? and dividends paid in cash arid assets other than the corporation1 a awn slock—
Continued
(Moncj- figures and tnrtl nnrrrin clbaiei In thousands, of dollars]
MANUFACTURING; FETEOLKUM AiVH OTHPR MINERAL OIL PRODUCTS—RETUBNS
WTTIT NO "NET INCOME >
Number
Cash;
of returns notes
and
with
balance receivable +
sheets*
Total assets closes >
Under 50 . . . . . . . .
fifl under 10(1
](HI under 2M
*......,.
500 under 1,000
1,000 under 5,000
6,nO0 «nd*T 10.000
.-
$fl,O0ounaer 100,000 a..
100,000 and o v e r ' 3 . _
Classes grouped. .^
,,...
„
.-
..
.
....- .
Tatfu...
137
4H
48
13
S3
21
4
4
IS 3
1! 2
334
tirm)
1.27B
1.RT7
3.111
Maturity
loas thaa
1 year»
80S
. .
JSOO LindLT 1,000
1,000 undtr 5,000
5,000 undrr 10.000
10/KW under EO.000
50,000 under 100,n(M
«
10(1,4)00 ftnd ovrr la
Total
.
1,11ft
978
1,038
44,254
.
Total assets: classes '
4A]Q4ft
33, BIO
30, 60S
M.1Q4
434. 736 '
5W, 27S
66.041
80,653
17, flTO
43,746
2,nft7
"47. 526
Capital
Maturity
1 yoor or
more*
Comnion
a,fi4fi
2m
3!H7O
579
113
3] 072
1,537
4, SOfi
M24
Ii
Surplus a n i
undivided
profits I(*!S
ua, nor
1* L 313
H4.55
1* 1,771
"1,226
2.3M
"•3,333
1*3,692
5*. 157
£05,090
&.000
194,237
53,900
01,19fi
66,718
242, 47A
12.H63
275,3Gfl
42.350
Gross
sales *
4, 945
7, 127
10, 057
9,411
24,548
10,000 under 50,000
50,0W] under UM.000 •>
100,000 and uver «
Classes grouped
Total
no, s$c
a.soe
3 ME
6.150ft
31.028
Tinder J»
50 under 100
- . .
100 under 2fiO
asOunder fiOO . . . .
. . . .
500 under 1,000
1,000 UEd«y 5,000
. .
S"ot footnoted, see p. 139.
613
fll7
J.E61
7ft4
4,292
3,082
l,8fiO
131
Total
asset:;—
Total
liabilities. 1
4| 1=17
10, 413
350
378
709
Accounts
1
Under SO..
SC) uniltf 100
100 tinder25O.-
assets (Jesa
T23
740
1.0S3
1,422
3.015
7. 583
Ifi' fi4S
Bunds, notes, mort*
Total assets classes
loven-
Gross
receipts
from operations *
p«id in
cash and
Compiled
Total
coin piled
1 assets other
L0 r e t profit or or deficit
than correceipts
net loss "
poration's
own stock "
"461
116
'2fl8
60
4S7
2, 129
130
7,304
10, fl^l
9. 583
25. Sft4
66, 23T
:W0,613
S, A21
396,534
595,538
13, 233
61Q. 081
1* l! 473
l* I, 47^
435
" 204
1* 1,2+1
» 1,«02
" 1,473
"
1,483
l
12
21
41
2R2
27
3S5
w 12,603
u 12, M3
2,070
^20.464
3,382
ii 674
I4 43fi
"B04
» 1,341
11
STATISTICS
119
OF
TABJ>E 6.—Corporations submitting balance shttU, 1937, by total assets claases, in
aggregate and by major industrial groups {by returns with net income and with no
net income); Selected assets and liabilities as of Dec, 31, 19S7, or close of fiscal
year nearest thereto, selected receipts, compiled net profit or net loss, net income or
deficit, and dividends paid in cash and assets other than Lke corporation's ovm- stock—
Continued
{
md tol>L«sel* classes to tWiwsnd»*f dollars]
STONE, CLAY, ANI> OLAS9 PRODUCTS—RETURNS WITH NET
INCOME *
Total assets classes
4, S2S
5, 7S3
24.229
20,2/56
46,387
134, 950
, 182
100
100 under 250
BflO under MO
500 under 1.000
1,000 under 5,uw
5.000 under tO,000
10,000 uuder5O,(M0
I00.WO"
100,000 nnd over
Classes piuaped
Bauds, nates, mortgages payable
Total ftsstts classes *
profits less
deficit'
Maturity
1 year or
more *
XT odor 50
sounder 100
100 under
250 under J9H)
WO under 1,000
a l « r B.OOO
G.000und«r 10,000
]0,ono under 50,00(1
sia
lT34il
4,239
6, ana i
14. 209
4,045
, 557
10, 96J5
3S. 423
77.391
SO. 131
EH, 415
100,00ft and orer n
"SCTO1
Total
Dividends
paid in
Compiled Net income cash and
assets pther
net profit or
01 deficit •
than eflrnet loss "
poratlon B
]own stock u
Tut a] assets classes
Hn
50 under 100
100 under 2St>
WO under 500
MO under 1,000
1,000 under WXW
5s Ou 0n O
^ r^l 0. M
10,009 under CO.OUO
J50.00C under 100,000"
100.000 and over *
Classes grouped
Total
TOT footnotes, see p. 139.
2,020
1, 646
2,157
340
3153
1,045
1 ( 45S
5,218
6,7/42
21, 967
J3,5SS
04,361
3,253
3.400
5,409
U, 502
8,949
48, too
111, ISO
120
STATISTICS OF INCOWT5
TABLE Q,— Corporatwns submitting balance sheets, 1937, by iotal assets classes, in
aggregate and by major ivtdu&trial groups (by returns with net income and with Tin
•net income): Selected assets a-nd liabilities as of Dee- 81, I9377 or close of fiscal
year nearest thereto, selected receipts, corn-piled net profit or net loss, net income or
deficit, and dividends paid in cash and tameix other than the corporation's own stock—
Continued
[Money fiffnre£ and Iotal MSBets ctaaaBS In thousands of do] tars]
M A N U F A C T i m i N G ; STOXE, CLAY. A N D GLASS PRODUCT3— RETURN'S WITH NO
X E T INCOME J
Of Kit.UrllS
with
Total ussvU classes
1,1156
an m(ierlO(i
100 under 2E0
3Bd under 5410
5Q0 trader 1,000 .
1.000 under 5,000
J 0 0 d
]0MM>
10.000 under 30.0GO....
60t0tf> under L00r000._.
100,000 and over
e
^007
6,321
A, 10S
e, wi
' 701
7,995
2,04,-5
57.S44
aa-2
]ftS
t'A
60
3
Total
Cash;
iwt^s and
accounts
receivable *
TnLal
assets {less
4,224
3»34L
r.ies
A.ftlfi
&.U17
lS,:»i7
J,271i
6,531
245,774 !
, notes, mortgages payable
Accounts
payable«
Total asspts
Maturity
1 y(flf *
Under SO.
50 under 100..
MO under E5»_
d
Ofl
5,1315
S. 401
6,302
1,000
i.onr under i.ooo
5.000 under 10,OW10.000 under S0,00rt.
O d
100000
100,000 and over.
S r 66l
3,230
4,2S7
US
£76
Under S0..._
CO under 100
100 under 2S0
^ S T j u n d C r BTJO . .
£00 under 1,000
i
_.
1,000under.%<jrn> _..
5.000 under la.OM.-.
lO.OOO under 50,000. »t0CO under 100,000.
lOO.OCin and over
For foDtnctes, ses p.
15,207
g&.752
S3. ¥74
2,fl8
63,582
3,640
»1»03
Common
1,690
1,432
3h42l
3,£U1
7, 632
16,574
7,07ft
•i.904
.1,306
28,113
Grnss
receipts
from opftTations D
assets clssses
Maturity
1 year ae
27.090
30.349
Total
Capital stack
3.10.1
A. I l l
Gt2C3
4.159
a, 375
86,881 I
Total
IS. 444
38,4^7
119
47
115
10
22,655
M
3, BS7
213,443
» 1.4P1 i
» 3.45,1 l
" 483 j
1,728 |
74.935
409, 47S
ariJi
•undivided
profits loss
doll til, :
if L3.3S2
H 4. 549
3. i f
4,5£tt
7,443
Compiled
net profit or
net loss " ordrficit'
H 2,733
n 1. 301
«2764
23|675
43, fi45
17, 012
1A, 415
l!JS, 212
22,601
1Q7.W3
29.P77
10,263
30, 159
23,445
22,6:i7
W8H
2, MJ5
Q3
1^
2i\ 572
',£&, 803
27.033
74, 280
13,391
54.G3S
Totnl
"2^733
n 1.30B
» a rsB
"2^341 "
"1.491
"3.4W
"4C8
" 1. 7S2
1.704
34,983
18 0S3
pa Kl in
r=ash a n d
than f*>tT>t!fat Inn's
27£
B5
]2S
365
121
STATISTICS OF INCOME
TABLE G.~-Corporations subinilLinq balance sheets, 193?, by total assets classes, in
<igf}Te<jaie and hy major industrial groups {by returns viitk net income and tpith no
net income): Selected assets and liabilities as of Dec. SI, 1937, or close of fiscal
year nearest thereto, selected receipts, cam-piled net profit or net ioas, net income or
rlr.ficit, and dividends paid in cask and assets other than the corporation'sflttmstock—
Continued
[Moneyflsm-esand total assets dasses in thousands of dollars]
M A N IT F A t: T U III N O : M E T A L
W 1>
ITS PRODUCTS-RETTJRNS WITn KET INCOME »
of rct.urn&
with
tmlanen
sheets *
Tot?ti assets classes J
3.024
50 IJTlfitT tuO
100 under 2JC
^ Vi uD'lur (ifl0
5*.iO undpr 1 UUO
l 0110 untlH.rfi(KM>
5,00i> under 10.U00
*
142
12,1
15
5(1,000 Urnk-r 100,000
1O0.000 nntl over
. . -^
Tural
er
Hi*
Cash;
notnis ami
ac«>nnts
receivable'
Capital
Total
Una)
Total
lin-btllt-icE1
13S, OSS
82fc. 337
1, 269,740
2.4ns! nsrt
72 (574
117, OW
3J>1. 7S2
437,288
mi, ids
2,10CI. 053
lrO0g, S67
2, (ISl, 307
l h 091,198
5,S1],S3O
^ DO+, 2G8
3, 34SI, &4B
5.W7.M3
14 2 ^ 144
W.81O
37, 4^3
9S, ?.S4
114, 31S
14$. 423
4(i7, 514
21,1. rtf7
lfl, ISfi
28,147
22, 62fi f
120U24
214. 4,^8
frt«l. M l
338; 996
804, MS
TiSi, 51)3
Bonds, Doles, uifirt-
Capital stock
Accounts
Total assets CIBSSQS *
Maturity
leas than
1 year *
Voder 50 . . .
1.3,-138
15,494
,1(1, 587
100 UlLliCT 250
500 under 3,00(1 .
1.H00 under viJfld..
5,O0fi under 10.4100
HI.OOII under so.nno
W.000 under 100,000..
100,000 and over
Invuittor[es
.
„__
43, fl7ft
122.385
J51.W4
178. K29
fiJS ^BJi
Total „ .
ft HI
8.P57
23, fifift
27. M7
34,102
94,020
,14, ffiS!l
50.314
30,427
311,083
521,173
Total assets classes *
Gross
Gross
receipts
from operations •
MaturEty
I y^ar or
more B
3.841
3.780
Preferred
2,725
5, SOI
35[ SO 5
20s! 196
(52a! 079
1B3, 7*8
335,024
12B, fi7S
74ft SOI
I. 23J, 831
Tote!
compiled
Common
Surplus Mjii
proflta lefts
deflclt'
58! 02fl
113,821
14.456
174,421
214.04S
73.1v MR
324, 3TO
1SS!427
7«1, 214
830, mt
1.847,470
4F8fl%l>H
Competed N p t ineomp
net proillor or deficit f
rwit l<jaa "
4 r 090. 7M
paid in
cash and
assets, other
than Krown stoct"
U Qder JO
jOunder 100
W0 UTiflvr 3W
500 under 1,000
5XB0 under lO.OOfi
lOflnO tin tier 50.000
,W,0Cn under ino.OOO
100,000 and over
Total
, 3C« p . 139.
lf)O, 138
210, 7C0
(523, S32
11, 151
(5.S3O
11, IftH
flfj7, il U
1J! 038
^4>40.'l33
3, U2& sea
i s ! 370
37.617
71.820
13, 387, -CS4
lSJ.fiTfi
203. K72
C39.M7
7,934
12,721
S7u! 757
l i e , 544
X s k 732
C1H.SS3
4 10S.OS2
13.^42,^42,
7,927
12,717
3S. fil4
,W. 73J5
99.361
274. 121
110, 156
421, 964
d, 542
a 748
22.114
29,426
35. SOD
14fl,HOT
fiS, OM
170, *45
53.217
299, 3S6
1.356,619
845. 640
377. 477
424! ]«0
l h 3fi2,3S6
122
STATISTICS QY INCOME
TABLE 6-—Corporations submitting balance sheets, 1937, by total assets classes, in
aggregate anri hy major industrial groups {by returns with net income and with no
net income): Selected assets and liabilities «s of Dec. SI, 1987, or close of fiscal
year nearest thereto, selected receipts, compiled net profit or net loss, net income or
deficit, and dividends paid in cash and asset & other than the corporation's own stock—
Continued
[Money figure* and total asset? classes In thousands al doLUmsi]
METAL AND ITS PBODUCTS—RETURNS WITH KO
INCOME i
TrttaJ
of returns nutm and
with
talflnce
sheuLsa
Total assets classes i
Undor 50
50 u n d e r 1()C
100 und(ir 250
S87
600 under 1,000
l r 000 under 3,000.
6,000 undeT 10,000
10r000 under 50,000 ' * . .
BO.OOO under 100.000«.
IOC ,000 a.«d Over
Classes g r o u p e d . .
24, i2i
14, 882
2S,07ft
aw
25: 3>i4
17fi
SO
38, 219
(Icjirfipia-
tionl
15. 575
70' tor
ai.ros
67,537
SI. 138
Trital
15^f 531
12fi, 972
1«U, 124
M3. 792
14j,lGZ
131
34,454
232, 891
Total
312, 5 5 7
Bonds, notes* raortTotal assets slpssos'
"Under 50.CO undor lOfl .... .
100 under 250 „ „
250 Utldta 50ft
500 under 1,000
3i, 4cm
27, IPS
tKf, 020
assets—
Accounts
payable'
25,071
13, 57fi
~-~- ..
fi.000under lO.DOO...
....
10,000tinder SO.00On . . . . . . . . .
MjOOO under 100,000 "
100.000 and over
„
Classes grouped
._ . , , _ „
™
15, 77T
19,173
31, 762
7, llrt
Matnrity
]O»F; thftn
Maturity
1 year OP
more •
13.420
9,340
7,742
16, S42
15,679
as!. 3ss
19 fl27
M, ^ 4
4& 45ft
SO, 383
17^ ajj
3W. 034
e l ? f 4M
1, 452. 960
Capital stock
Coraraon
Srurplnp &nd
unaivided
proflts less
deficit'
10.347
WS12
t< ,544
i i , fifil
S7, 421
63.707
78h 042
142.047
S5. 694
i« 17,144
1*35,347
E
" 1, &30
5,442
34, 400
21, 124
43.461
11
29,193
5>30R
314,007
30,4yS
lO3,fiBS
70,760
163: H I
150.1fi4
2fl2, 0f>7
IBS, &52
fifiO,8f.7
7, l-!>{
Dividends
Oross
Total assets classes *
Tinder £Q . . . . ^
BO pnrfor 100.
-..
100 unrtftc 2iW
2$0 under 690 . . .
BOO under 1,000. . ;
„
1,000 under 5,000 .
6,00fl under 10,000 . . .
10,000 under JO,0301'
, .„.
50,000 undCT 100,1100 "
100,000and over.. .
Clussfta grouped
„
Total
for footnotes, see p,
sales '
155. 4BI
80.28S
103,732
133.330
2,13. fll.1
10, 328
1, 78fi
4,3&9
Totftl
com pi Jed
107,019
110,807
140. ii72
2A9,0f*2
113,473
2(2; 455
4, we
230,0&3
\, 205; 829
25; 130
1,257, 900
Com piled
(.•ssh and
D(;t. profit or Net fncome assets other
or deflelt •
n e t loss »
por&ttrtnp-5
own Sitoct ^
r< 17,353
"4,428
i-* is! 743
"3.4WI
H6;12(S
.^
S 3
2
" 4, 43f>
H6[2ft5
H 3, 4(17
201
233
29J
47B
1,290
1, 122
i*ftH 7
173
»06,01£
4,107
123
STATISTICS O* INCOME
T A B L E 6.—Corporations submitting balance shtett, 1937} by total assets classes, in
aggregate and by major industrial groups (by returns with net income nraf with «o
net income): Selected assets and liabilities as of Dec. 81, 1987, or close of fiscal
year nearest thereto, telvcted receipts, compiled net profit or net lose, net income or
deficit, aftd dividends paid in cash and asset* other than the corporation's own sictck—
Continued
(Money figures and brfal assets e l a t e s in thousands of dollar*]
-TQr MOTOR V E H I C L E S , C O M P L E T E
NET INCOMEi
Number
Cash;
nf naurns rntosani
talnnoe
sheets *
Total assets riflsSra '
Under 60
50 undcir WO . - -.
S?
3B
ft4
54
35
250 under 500
BOO under 1 000
5,000 HTid£r 10,UOO.
,—
50,rH)ii under KXi.oiio
. ..
10,000 u n d s r M).fo>rt
10
15
a3
*
Total assets, classes *
sayablAi
512
Uader 50
100 under 250
~ . . . . - . ,SfiO under ,«i00
WW under 1,000
1,000 under 5,ixX)
. . .*6,000 Under 10 MM
ifl,rti*1 under pnf»*i
1,140
2,04S
17! 643
Maturity
Itaa than
1 year*
176
354
7*1
530
312
4S9
730
7,430
S, 175
13,210
4J70T
0,552
34,BB*
19,633
53ft.393
i year or
more*
4%. (42
27, a48
137,387
37,971
701.09*
673,225
229,820
Oroas
stiles *
TotaJ assets classes'
Under 30
100 under aa) ^.
{jOO ua4«r 1 000
39,920
275,212
127,473
.,~
Por tootaot*?, see p. 139.
3.ooiieai
4.427.M3
2S, J123
2,087
2.704
10.238
IS. B34
36 350
129,144
79,373
304, 726
162, 01S
2,GS7, U12
""
Capital stock
Surploa and
deficit'
Preferred
971
155
4,044
1,631
1,031
», 890
5.0OT
24,621
10U44S
2,401
6,222
M;T
33,030
S2is£7
187! 536
-
Total
asactfl—
Total
14
860
.
Total...--
WITH
78
199
377
l!sS3
2'eno
assets (teas
doprwlatioa)
961
07S
3,009
4,(170
7,571
Bonds, notoa. mortgages payable
5,000 under ifl.OOO... .
10,0X1 under .VUXIO-.. .
W.000 under 100,000 , .
100,000and over
Total,-.,---
at
715,832
Total.....
100,000 and over
OR F A . R T S — U P T U R N S
47, £71
345,1M
T10.35C
G7.S44
1,239,046
i, sse.ssa
paid til
Gross
Total
Compiled
receipts
net iwcflt or or deficit * assets nther
from oper- tcompiled
wefpta i» apt loai n
than carations »
puratlon's
own sMclrM
105
T,W7
30
22.022
40,263
66
83
447
S31
278,284
279
279
2.7L9
3,544
20.582
1,181
2.71B
3,744.
30. iSI 7
12,243
12.182
67
2B2.030
3,103,085
1£F4«S
«.L47
«.«•.«
417.02^
1B8
0S7
1,337
12 S7ii
s,4i:
10,289
124
STATISTICS OF INCOME
TAHI,E <L—Corporations submitting balance sheets, 19$7, by total asxete classes, in
aggregate and by major industrial groups (by returns with net income and with no
net inccme): Selected assets end liabilities as of Dec. Si, 19S7\ or dose of fiscal
y&ar nearest tkereto, selected receipts, compiled «et projil or 7tet loss, net income or
deficit, and dividends paid in cask and Gussets other than the corporation's omn stock—
Continued
[Money Hjww add total ncpote classes in thousands ot dollars]
MANTUFACTURINa: MOTOR VEHICLES, COMPLETE OR PARTS— RETITRM3 WITH NO
NET INCOME i
Number
Cssh:
af returns otca
ttnii
ih
t
balance ACCQ
sheets • receivable*
T o t a l Etssets t'tasses a
239
50
Under SO
100 under 250 ,
van nnder 600.
500 Under 1,000
] T tmounder 5,000.
*00Od
10000
IQ.OOO under 5I1J000..
S0,000 under 100.00*.
J00±uu0 and ov«r
303
33,674
Boads, ni>tes. -rnartgngea payable
T o t a l assats classes t
Under SO
1,000 under 5,000
B.OOOuDderlO.fiOO..iK)Oa0
eO.OOO uadtT 1(0,000100,000 and avtn
Tfttal.
a, 360
41,929
4,719
4,331
30^
3,
30, M0
39, (117
50,221
Capital stock
undivided
Comnwn
1 y e a r or
*
227
f
,S0
1.076
Total
Hahllities <
f), 074
3, S+0
12,850
0
17, DBS
A cCPOnts
atuTiTT
less than
60 under 100-
LiocO
Total
1,127
1.44 SI
JS. 74H
1.14K
ID, 075
Total.
J
ASscU {loss
ISS2
1,095
&47
1,658
4, .VIS
1,010
IS. 24 7
8S5
1, 115
007
5, 27fl
S, 253
5,077
7I>8
l.sns
5.436
deficit i
a. 395
1.D4R
» 4.297
4, an
fiS7
1.174
1,326 I
lfi300
33,4il
flft, Blfl
IS, 621 I
£3,478
Dividends
Total assets el&sses t
Otoss
sales *
Gross
from oper-
Total
com piled
receipts «
PtUd ia
lip* Jjroifl E or Net Income
net hiss "
aish and
assets other
poratfon's
Under 90
SO uncler if*)
lOOundor 2IW..
BOO under 500
J500 under 1,000 . . .
-],f}\K) under 5 , 0 0 0 . . . fl,OO0 under 10.0ffl>...
9,231
4,&A
11,245
07*7
34.SS1
S
17
11
97
5.003
11. "10
0,872
4S. 837
H325
"2.3T8
s.oea
1
$0,000 u n d o i 100,000.
100,000 and o v e r
Total.
For footnotes, sw p. 199.
" 502
» 623
"802
2.-lift
« mi
192; 737
lyfi.OJO
" 12, 367
2.373
IB,872
131
125
OY INCOME
6.—Corporations submitting balance sheets, 1937, by total ct$$et$ classes, in
aggregate attd by major industrial groups (by returns with net income and with no
net income): Selected assets and liabilities as of Dec, SI, 1S37, or dose of fiscal
year nearest thereto, selected receipts, corn-piled net -profit or net loss, net in&ome or
deficit, and dividends p&idin cash and assets other than ih& corporation's own stock—
Continued
[Money Atfnrea and total BBHfetu cla***) Id tlmuiftndfl *f dollars]
MANUFACTURING NOT ELSEWHERE CLASSIFIED— KETUSN3 WITH NET INCOME '
Number
or returns notes si-nd
with
balance receivable *
sheets *
Total agwts classes »
Under 60
50 u n d w 1<W -
823
7,579
9.445
20.363
. ,
396
Elf.
333
EMI u ndfT 5(K)
500 under 1,«M.
1,000 under 5.000 . . , .
SjOOO u Eider 10.000
10,000 under .1(3.000 "
50.000 under 100.000 "
TOii.000 and (rvrv Ji .
Classes grouped
23,337
.
IS
!> IS
]i
i
.
fi| 141
29. fil>9
32,211
128,48S
144,931
is],oea
S14, 230
MaturUy
less thiin
1 year (
Capital stock
UndnrSO
CO iindtr Iflft
TOO under 2.10
250 under 5fW ^
5W under 3.QO0
1,000 iinihT 5,000..
5,000 under 10,000.. „ ,
10.000 undor 50,000 " . . .
60,000 under 100.000 if
100.000 and o v e r l a
Classes Krouped
..
3, 741
1,547
3, 207
7, 4fJ0
S, 53V
as. sfi?
3,922
3,977
5.O3J
HI. 777
Total
11.523
4, 3HS
•Grass
soles'
.- ..
758
1.073
3,179
4.ti24
4, SOS
I."5.495
Preferred
S78
1.352
4,783
5.040
fl. R11
Commoii
9,157
JI.S20
2fi. 046
2». 084
67,204
720
1M2
14,463
99, 6S6
103,490
44.S44
22,77fl
3^793
les, is*
270,972
56,777
63,952
9fi,*ia
449, 7€3
493,725
froio operations '
Dividends
paid ID
Total
tnpnme assets other
compiled net proBt nr Net
or
-deficit
*
than correceipts "> net loss »
poration's
1 *41
1 444
1,027
SI, 116
60. sen
123, 7M
1,324
2,314
390
728
145.170
SSS1, 17S
1U0, 2S3
W SSM
3,-i. SOS
12,927
505,160
519,9^7
ft 1,164
61,092
1,463, TGI
1*110
1. 507, 433
J3<5.O1S
136,710
4P, 124
58, 330
131, 491
122, 657
Ma, 078
3fi7 906
95, SIS
Sue pi us and
tindivided
l>t fits Ifiea
deficit ?
24, es-7
Oross
Total a&ots Classes *
Meturity
l year fie
B2ft, 72S
1,341 7G2
Accoiiat-s
Total assets classes *
18.187
25.723
83,730
76,000
W.717
30ft.247
129,450
.
Bonds, notes, incirtgase& payable
Under 60
W under 100
100 muter 2fiO
250 undr r 500 - . .
SCC under 1,00ft
1,000 under 5,000.
5,0(10 UDrter ]ftHflGO
10,000 under 50,000"
50.000 under 100,000 "•
100,000 and over '»_,__ r
Oneses erAupcd
5,032
^,396
17,392
21. IMS
20,710
flrt. 3 M
35, 990
IJon)
Total
assets—
Total
liabilities >
l
2,101
Total
S3?
1,323
2,
an
5,720
520
1,268
4 fl71
21,652
12, &7S
.
.. „
Totftl
For footnoteSj see p.
210888—40—S
39,619
126
STATISTICS
OP INCOME
T A B L E &—Corporations submitting balance sheets, 1937, by total assets dosses, in
aggregate and by major industrial groups (by returns tvith net income and with no
ntl income): Selected assets and liabilities as of Bee. SI, 1387, or close of fiscal
year nearest thereto, selected receipts, compiled net profit or net toss, net income or
deficit, and dividends paidin CrtsA and a&wm other than the corporation's oven stock—
Continued
[Money flttanjs and total u66t* Claudes in Lhouituidft of dollara]
M A N U f A C T U K I K G N O T EL3E WHERE CLASSIFIED—RETURNS WITII NO N E T INTCOMEi
Number
with
balance
Total assets classes'
U n d e r SO
Sb Tinder 100.
1OQ under 2SO
230under 500.. . . .
WO uudrt 1,000
1,000 nude* 6.00(1
£,000 under 10,000 »
10.000 under 5OnMO™.
50,OW nil d « 100,000
100,000 Rittl over
Classes grouped
9,953
,
-..-,..
. .,
Casb;
notes and
Accounts
•receivable *
350
2&1
104
, . „
,,.„
40
9, 3(59
7,337
7 14U
I5ici3
:
"Total
liabilities >
tlon)
8,902
5. MO
iO.f.33
9,615
15.008
6iS52
9,077
6^431
68, OM
JBorrts, notes, mortgages payable
Total assets classes *
payable*
Maturity
IQX& ttiuu
l year ^
5, ion
U n d e r BO
•GO under 1 0 0 . . „ „
10f> under 250 . 250 under 500._
400 under 1,000
IJOOO under fl.OOO
BvOOO under 10,0001*..
30,000 under 50,000 « .
60.000 under 100.000..
100,000 a n d cu-er. . . .
33,722
34,972
40,133
36.607
38,777
7|9i20
IB; 072
11,907
12, 6fi2
31,003
i,&52
9, 075
2|+i:
^244
10, 7 »
85>S45 ;
293,003
Capital BtocK
M»hiritT
1 ywir or
mote *
Common
3.2TI4
23.001
13. son
fi^7Sl
5! 166
4,237
3,464
22,329
Surplus and
nndtvided
profits 1*33
deficit 1
1110, 321
1* 5, 529
"8,823
8B5
'* 6, M5
lfl.079
3O.4H7
Total
.. - „
SOO under 1,000.1,000 tinder 6,000
BiOOO under 10,000 » LO.DOO under 50.000 '*
50.000 u n d er 100.WW
100,000 ftntl over
i,S4fl
l,70S
Mi 3
7,332
15,09(1
43,399
2S,287
25, S07
33.^7
116,42S
Gross
receipts
from nperations-i
Total
compiled
Gross
sales)
T o t a l UMtS CL&SS*S *
65,552
3,272
44^477
32,602
S5S
272
S80
69,293
33, 103
46, 088
33.&S6
83,307
54,841)
Dividends
pn1i1 in
Compiled Net Income cash Mid
net profitl lw or deficit' assets other
fhan Mraet Joss
pnratlnn's
own stock' 1
J« 4 , 4 6 6
•+ 2, m i
f< 2, BBS
1£ 1 EWM
i* ^ SJ57
14 0- iPj4J
1* ?, SST
40
•a
117
29
242
25S
:
1
36,138
Total
Tots!
BSS0t3 <1C33
it i
Total
Under 50
50 Under T.fK>
10O under 250
Cipttsl
tones
,
Far faatmites, aco p. 139.
298,629
as
36,621
"see
311,785
it I8,79fi
716
127
STATISTICS OF INCOME
6,—Corporations submitting balance &heztst 19ST, by total assets classes, in
aggregate and by major indTistrial oroups (by returns with net income o-nd toith no
net income); Selaeled assets and liabilities as of D*C- 3f, 1937* or tfo*e o/ focal
year nearest thereto, selected receipts, compiled net profit or net lass, net income or
deficit, and dividends paid in cash end assets other than the corporation's ovm stock—
Continued
(Meaey dtures and total assets etaae* in thtunndfl of
— R E T U R N S TTITII N E T I N C O M E
Number
Cash;
of returns Dotes
and
with
accounts
ahtets*
Total easels cLaagea'
Under 50
,
lljn unri*r 2flfl
200 under 500
,
„
,.
1flflOnnrT««r ^IP"
-- .. „
, .
...
lOOpflAOaiid nvnr .
, .
,
.-
8,414
14, 795
62,677
5ft,157
50,966
153,671
33, 104
14^055
fl, 234
37|040
31,184
25,431
2% 021
9,951
28.730
1*2,338
309, 670
442, BRO
123, 941
314,970
1,OBB,409
S3, m
l year'
17, 374
IS, 531
29.231
22. MS
17,073
,-.
35, ten
5, 113
__-»..
159.212
Gross
saJes"
Total assets classes *
Maturity
1 year or
more'
5,944
1Z 151
9.560
7,521
21, 26fi
1,599
15,767
- ...
71,514
135, s e a
122,538
100. £S0
2KB, 290
„.
Capital stock
3iirplns and
undivided
Accounts
Total assets classes >
Total
tion)
Tot^
assets
Total
liabilities"
34, 330
Bonds, notes, nwrt*
pages parable
ZflO i jTidior. 5(1-0
EOOiJTiitnr 1,4100
1,000 linger 5.100
5,000 urnirr 10,000
1Q,OGQ under 50.00C l s
30,000 under lOft.OOO1J
100 000 swtd ov*r
deprecift-
877
S47
Total
Under SO
60 under 100
IOC under 250
C&oital
assets 0^33
3,143
13
13 9
10,000 UIHTIT 6 0 , 0 0 0 "
Inventoried
1,263
7, 557
3,302
It), 186
2,230
3&tO2!l
(Jrfifis
Connnon
30,073
38,046
23, 572
3^335
21,906
3,607
26, ISfl
76,443
27,337
32) 175
?4,785
3B, 713
4,304
38, 703
8Bil34
46.4&1
72,431
receipts
from npcr-
Preferred
Total
Compiled
Dividends
paid In
Sash and
net profit Mor Net income assets other
set loss
than enrown stock "
Und<?r m
50 under tOO
100 under 251
. _
124. 47fr
5B. CIS
44.307
82.43F5
BOO u n d e r l.noo
10,000 u n d e r S0hO0n •*
50,000 under 1OO.DO0 I J . . . . ,
100,000 and over,
Classes grouped..,
Total
-
103,291
89.800
1S7|5S7
47,974
-
£35,5*5
184, 7S7
294,-053
222; 083
I.Wt 772
278,S54
S3, 100
10^ 340
11,392
S, 2flO
27.043
5,345
fl,470
fl.331
10, 914
11,173
8,166
2, SOB
3,130
5,559
5,305
a'eoi
TO, 850
00,465
174,098
7,245
7,0fifi
2,638
fi4S flS7
062, SUft
1.63C, 211
SO. 967
80,208
47,755
128
STATISTICS OF INCOME
TABLE 6»—Corporations submitting balance sheets, 1987, by total assets classes, in
nggregoie and by major industrial groups {by returns ttitk net income and with no
net income): Selected asstis and liabilities as of Dec, $1, 19$?, or close of fiscal
year nearest thereto, selected receipts, compiled net profit or fiet losst -net ivicome or
deficit, find dividends paut in cash, and assets other thtm the corporation'
k
Continued
IManey figures a n d totel s w e t s classes i n t hernia nda o f doHam]
H E T U R N S WfTLJ "N'O N E T IX"COMK
Number
>r retnms
with
Total assets do
Clash;
liiites aud
accounts
4a,
7.049
1,007
6SO
50 under 100
100 under 2SO
250 under MK1
•SO" UDder l ,0OH
1,000 under 5,000
B,OnouTi<lCT 10,000.
10,000 under 5 M
MO
d
lOO.ooo and over-
S5, 22S
28,625
31.72*
40, 4Sft
14,335
21.2WJ
105
at
3
4
0,101
Total.
w
able
Maturity
less than
l yew*
Under £0 . . .
Ml under 100.
600 under 1 ,WI[)
JQO
a 500
5,000 under 10.000 _ _
10,000 und or 53,000..
50,000 UDder ion ,000
100.000 and <nrer . —
36.191
17. 74fl
El, 499
12,7B0
10,339
17, 2 «
10. Wi
13,357
0,487
7,247
12,304
0,903
0
Capital
fl
depreciation)
2,
25.WJ1
1,726
4,751
25,525
IS, 324
22,252
4, 449
18, 4B8
47,496
178, 917
4, S92
Total
e
Tr,taL
liabilities*
OR, f!4S
70,389
88,122
78,31*
72,357
104. 913
29, 469
812, S42
Capitaf stack
Preferred
, 5
10, ltis
9, 518
fir62S
11, 271
4, we
3, 5fl»
l i . iid
7, JOT
4,201
, 30*
79,85V
39,
Gross
receipts
from optrs
ti
Tfltal
Cfimpilftd
receipts l«
3,361
3.077
Total-
Maturity
1 year or
Inventories
l
Common
(12, S03
31, 117
37,111
27, a«s
IS, FlFtft
20.T4O
fi, ISO
fl021
p u s an
undivided
profits Less
d
'147,134
" 6,297
0,l&8
14. 3A7
io, eoa
2.292
Dividends
T o t s ! assets elflased»
UnderSO
fin under lOfl
100 under 350
500 under 1 , 0 0 0 . . . . . .
1,000 11 uder 5^000
5f0lM under l(\ ooo
lO,miO under 50,000.,
5(i, OOCt under 10»,aTO 100,000 and ovwc
Total,
or footnotes, s*e p. 130,
sales*
143,200
4.% 159
46.439
;
22 2*5
Iti, 510
10.043
27,821
l.
6!), 320
Com piled
lftt profit 01 N&t income assets r>ther
or dufkit <
net loss L1
than cwrp
vrn stock 1 '
2fi&, 4OR
108.003
n a , 743
HJ. 878
30, 8S2
12.377
3, 60fl
•Hi, 314
23. IAS
31.0S5
n 2|nsv
"717
» 2. 42L
372,618
719,206
1*33,041
I*I (11. SSri
4,S4l
" fi,^21
»* 3.S1S
i< 2, 7S^
ii2,0ttS
*< 722
1ST
111
33, 32S
1.428
129
STATISTICS OF INCOME
TABLB 6.— Corporations submitting halarice s}ieatst 1937, by total assets classes, in
&$$r$(}Ot4 and by major industrial groups {by returns with net income and with no
net income): Selected assets and liabilities as of Dec. Si, I9S7, or close of Jiscal
year nearest theretot selected receipts^ compiled net profit or net loss, net income or
deficit, and dividends paid in cash and assets other than the corporation's own stock—
Continued
[Money flmres and total assets classes In thousands ot dollars]
TRANSPORTATION AND OTHEK. PUTUVTC UTILITIES—RETURNS WITH N E T INCOME i
Cash'
of rtfturixs notes
and
with
accounts
balati&eJ receivable
•
sheets
Total *SSet9 classes a
Under 50 . . .
BO under 100
4.907
1,210
1.3S0
.-. ..
1 0 0 u u d n r 2FiC>
2na under son
1,000 u n d e r 5,000
5rO0O under 10.000 .
10-000 under 50 000 - , . 50,000 under 100,000
100,000 and ovtr
Total.. ,
,
,
-,
70S
1134
TAl
209
2S0
67
75
21,781
20.S27
45. 042
3fi, 74H
5-1, 168
150, S22
90,196
410, 487
202,460
349, 5*5
53,810
i.saa, Bi8
Bonds, notes, martTotal assets classes'
payatlo i
Maturity
less than
1 year *
13,4*5 :
TTDdcr E0-
10, Efl?
25Onncler 500 ,
.-..„
BOO undoM.OOO
1,000 under 5-000...,
5,000 tindpr LO.000
10,000 under 50,(WO
JM.000 undnjr KW,OO0
100,000 and over . . .
Total_
Total 6S5CL3 elaases"
£71. W3
7,643
152^3
17, 197
20, Sfi-i
77, 743
53. 3S0
103, 2J7
71,302
£13, 005
•735 W
460,431
15,349
31.230
S5,S4fi
SS. 3^W
132,20$
SET
Gross
receipts
from operations "
Maturity
1 year or
more-1
tortes
Capital
assf-ts (less
deprociw-
Total
asset*.—
L-tal
flOQi
88,7*7
8^!>30
221. 890
£49, 213
379, 124
2,083
1, S34
52, 7\)Q
52, 4&S
3. T19
fl. 771
31, OfiO
21,100
17fi!M7
274, S3 a
1, 24fi, 733
1, 182, 33 3
5,3ft2, eoo
4,103, S5?
11, 734,83a
2fi, 164, S5S
30, 34R, 182
40,683,029
5(J!014
321 SM
1 4^7 061
fl.Wil.611
4,7fll, 21fl
Capital stock
Preterred
Surplus and
•cindivided
profits les*
deficit'
Common
5. SSI
7.306
£4,643
37,973
68,452
405, 3S9
•m. 794
2F 474. D70
2. SOS
3.22S
1. 33a
12.605
35. B4fi
99,5.54
102,025
536,403
42S, 3fi,5
1, 2T2, 335
615[327
2,19tij 584
1,436,293
10.025, SOI
51)3,8W
4, 1ST, mi
14,093,600
2, 533, 278
15, 287, 344
8,229,87*
50,334
40. 192
107,470
43v45i
43, 840
17, U2
238,495
237, 73!!
Dividends
paid in
Compiled N«t Income casliaDd
Total
compiled net profit or OP deficit1 assets other
than CQTnet loss "
DWH stock 11
Under-W) . . .
50 uudur Itirj
ESCund'fr 500
600 undorl 000
1.000 umlui 5,000 .
5,000 uno>r lOrO(Hl
,.
. .
10.000 under BO.OOfl...
60,000 under JO0h0lX) . . . . . . .
100,000 IMKI over
Total
For tootnotexj
ii4!m
135! s&a
.
?ee p . 119.
331, BP4
5Sfl,510
180.91ft
117,960
22.i. fiTS
189,473
002,'314
37ft 310
1.623.971
29 r 7S3
94,164
HT+. S!53
4.139,311
aao, aas
290,223
l.ifi, f>10
771, 175
K 420, 43fl
3,fiO,^f\42
1,47], OOO
1
9,333
S.HS5
ai.flfts
19,770
39, f>47
95.D03
«*t,OI4
1 =.2' 439
785,088
I,4fi4,72&
5,427
8,131
H lift
20. 6fifi
S4, O7fi
244, S53
737,658
1 004, 423
130
STATISTICS OF INCOME
TABLE 6.—Corporations submitting balance sheets, I9S7, by total assets classes, in
aggregate and by major industrial groups (by returns with nrt income and with, no
•net. income): Selected assets and liabilities cs of Dei SI, 1987, or close of fiscal
year nearest thereto, selected receipts, compiled net •profit or net loss, nel income or
Hejidt, and dividends paid in cash and <mete other than the corporation'& own ttavk—
Continued
[Monerfiguresandtotalasssta CIAHU In thousands of dollars]
THAKSPOBTATION AND OTBER PUBLIC UTILITIES^ RE TUKN3 WITH NO NET
INCOME i
Number
Cash;
of retuiDS notes
and
with
•accounts
shecta i receivable *
Total assets classesJ
Undergo... ..
60 under 100 _.
I DC under 3 5 O _ _ m m ,
230 under 5 0 0 . . .
BOO under 1,000.
1,000 undor 3,000
„„
J
,
5,000unrtor UWKHJ...
10,000 rnidor SO. 000...
50,000 u o d e r 100,000-100,000 a n d over
Total . .
,
Under 50
M under 100
100 under 250 _
350 under 500.
r
500 trader 1,000 .
1,000 under fl.000
£,000 unejyr m,oOO
10,000 under 50,0(10 .
50,000 tinder 100,000.
100,000 and over. .
34, 214
15, MS
,
ratal
_
liabilities >
25, 244
13,415
i, 721
65,303
is, s^e
2, Sf-17
30
42 4-7?
12?. H i
133, 79S
414TS10
Q3,173
10ft, 697
187,104
785, E71
B.C99
IS, SO2
31,031
204,375
2) 245, 5P3
13rlUK, 140
7(11, SM
2.065, 760
2.742. 024
It. 755, 6S^
10,965
8S3.1S1
2!», 145
19 d 281,115
33,9^5.441
35,732
17, 303
17, 5S5
22. S54
62, 20fi
69,539
IS, 032
M, 773
63, 67fi
62,734
93, 190
151,496
B05, 075
4&0&0
2B3»383
1, 09.% 757
637,+*l
Groaa
sales.'
Total assets classes *
Total
assets—
^0
417
S33
^02
107
SB
Maturity
leas than
1 year •
^
Capltdl
fts^sts riess
7. 5OT
..
2fld127
25. 302
?ugcs payable
Total assets classes *
Inven-
Oroes
iccelpta
from operations '
Capital atocfc
Maturity
1 year or
more 1
CommoE
10S,4*fl
1% 33S
138,541
147, 755
2S7,10J
S u l p l u i and
undivided
profits less
deficit'
23 flSB
IS ^7fi
30 72?
51, MB
7,830
1.BI3
e, 434
447, 72$
MS, 800
992, Si3
1,464,302
4ft. 418
50,017
210, U&l
189.A94
071,698
3,914,045
l r 5U3,P10
1,51^,713
6,087,030
942,50?
1 ^ f>(v&
11,705^921
Total
40. W9
70 074
" SB. 403
't U, 346
1* 2,1, fild
1M, 106
BOB. 353
210, 911
» 43, 573
'* 52, 304
» S J . SMI
11
11H, 414
mo, as?
paid in
cash a n d
Compiled
net profit or N e t tnrViTTift resets othef
or ut?nfit ^ than cornet loss «
poration's
own sUiCk l"
t
U n d e r J5O . .,
50 under 1 0 0 . . ._ „ ,
100 under 26Q
350 under $00 . .
500 under 1,000
1,000 uu<1er S.WW
0,000 under 10,000
10,000 under 50,000
50,000 under 100,000
100,000 Sim over
Totnl
207,i541
93. 5CS
.
„ .
„
POT footnot«e,
212,031
95, R27
9S, 6S8
79 ^flS
2W, 519
144, (HO
3£S, 006
1* 13. 782
1=4.439
u j 7^7
« ?. 271
« fi, ?!fi2
» 20, flan
141)720
35U, 127
400, Wl
B, 538, !H9
3,637)461
1*40.023
n M ^ 10C
4,301, U S
4, 32$, "12
H 387, 709
• * n 707
1* 4, 433
w 5.7S4
'*3l)622
n 4.1, OSS
i* 40, 224
« 205, 752
479
2.V
217
34!
? 072
97'
S.4O8
13,327
26, 8T?
131
STATISTICS OF INCOME
TABLE 6.—Corporations submitting balance sheets, 19S7-, by total assets classes, in
aggregate and bit ttiajar industrial groups (by returns with net -income and with no
net income): Selected assets and liabilities as of Dec. $1, 1$87, or close of fiscal
year nearest thereto, selected receipts^ compiled net profit or net loss, net income or
deficit, and dividends paid in cash and assets other than the cor-porGtiotfi own stock—
Continued
[Money Scores and total **mett d w m En (ticnuwnds of dotlam]
—RETURNS WITH NET INCOME «
Number
Cash;
of returns iintcsand
with
balance rneelvable *
sheets*
Total assets classes T
30. P59
11.326
9,890
3,694
l,B30
1.397
146
Under 50
60 under ]<»___.
100 under 250—
250 under SCO
EGO under 1,000
1,000 n n d « S,0M
5.000 under 10,000.
10,iW under 50,000
50,000 under 100,000
lCKlOOOaad o
ST4,
495,137
987,
384.
509,317
Total
5, ICS.Oll
Bonds, notes, mwtea^ps payable
Total assets classes *
Accounts
payable i
153,
147,
Under flO
POuadflr i0O
lOOundeTa-iO
2,WiiD(.lCrflfK)
500 under i,[R»
1,000 under 5,000.._
$.000 under 10,000 _.
KhOflfl Ulliec 50,000.
50,000 under LCMlr0O0
100,000 a n d over
201,087
193,
452,
29,7.
ill,
Total
Total assets classes •
SOunder 100
100 under S'A
250 under ECO..
600 under 1,000
1,000 under 5.00O.
5,000 Under 10,000
L0,OTOunderW.00
en,Oo0uBrter 100,0
100,000 a a d over
Totals..,
For footnotes, see p . 139.
Dross
Galas1
2,621,717
2&42yl5
h
S ,
2^072,04?
4,121,757
2742fl74
Maturity
less tli an
74, S57
ise,i4i
51,378
23
1,120,121
825,730
Oross
receipts
from i.it>fj>
250, 6B7
281,591
JS1£.«34
411,564
3S2.841
751, l!72
254. 51C
Oupltal
assets (less
p
tioo)
123, 431
M2. 4F4
273.0S3
231.471
230.942
395,649
, 144, 577
14r 769, 734
170^390
ES7, W7
132.1J34
Capital stack
Surplus and
utnltvlded
Common
343; 7?0
3 4 1 , MI5
63,
78,
98,
110,
193r
109,
l r OD7 r 0U
C09,5M
4(54.011
420,503
736,004
247,240
621,020
304, f»S
7S9e44
4, SOS, 670
net losa
104.14S
134.837
53.245
41."38
M,0G7
30,777
% 801. 270
2,778.265
4. 92S> 416
3. 48S,175
4flh&30
.SO. SW
98,337
9l T 215
a, ooa. fisa
2.144, 167
69,178
2,9*0.362
2, 322, 3S0
4, 403,131
dofleit r
40, BIS
114.144
276,576
286, 4«a
2S5
628.939
2 8 O
600,670
&, 446,023
paid la
cash and
assets other
than corporation's
own stock >•
Total
oom filled
M92
Total
sset-i—
Total
700,401
S04 r 2a7
1,530,037
1 285B3l
1
.
2, 71S, Sfl4
1,0*2. 078
2 , a i l , 77*
1, 183,675
l r 972,804
I yarn or
more •
27,193
34,2:45
71,051
85,055
83,979
179.117
44.3fi«
1B2. 517
ffii.Olfi
93,290
71,00(1
91, £19
164,020
130,7W
22494
Iaventorles
191.411
72,605
160r430
0,*
50.4S4
C3,152
00.954
S5F 574
li».7ft+
73,519
1£971B
21,717
27.341
58,5173
«7.33fl
£4,141
IIS, MO
49910
$2(m
169,708
02.836
126,337
1,050,05?
1,047,076
6SS, 43ft
132
STATISTICS OIF INCOIIE
T A B I E 6,— Corporations submitting balance sheets, 19S7, by total assets classes, in
aggregate and by major industrial groups (fry returns wilh net income and with no
net income): Selected assets And liabilities as 0/ Dec. Si, 1937, or cUtse of fiscal
year nearest thereto, selected receipts, compiled, net profit or net Joss, net income or
deficit, and dividends 'paid in cash <ttid assets other than the corporation's
tfc
Continued
[Moneyfiguresandtotala*sete cJaatt* in tbcmmndq of dollars]
TRADE—RETURNS WITH NO NET INCOME
K umber
Inventories
Total assets classes >
Under 50
,„
7,721
4, 66P
1239
ASS
311
J30 under 100r
100 under & fl
330 under SOO
SOOnnrter 1,000
1,000 under S,0M
5,coo under 10,001?
10,000 under 5C.0OO w_
60,000 u n d e r lOOTtJ0O "
100,000 a n d o v e r
Classes grouped
259,530
181. 785
127,101
44,214
dwfW
BOO under l,nco
1,000 under 5,000
&JKXI under 10,000
10,000imder 50,000 « . .
En h «» under 1 0 0 , 0 0 0 " .
100,000 aurt ovt-t
,
Clasees grouped
Total.
Total assets classesJ
GO under 100
inn under 250
2HI unflar 500
..
500 unfler 1,000
1,000 under 5.000
fl,000 under 10,000
10,000 under 50,0 C " „
00,000 u n d e r 100,000 u .
100OWd
Classes grouped.
Total
Tot footnotes, sw p.
ftffr,B97
53a534
8&.04S
124,ffl7
62.64S
427, 9V6
875^847
WP,5
224,093
I'aOM
377.935
77,
1,193,80* :
SS, Strfi
Bonds, notes, mortgages payable
Under 50 sounder 100
)00 under 2W
100,44?
124, ZiJ:
1U8
it 1
Total.
Total assets classes
ltt. UP
Total
assets
Total
liabilities '
Capital
Accounts.
h
L25.&B4
a3
9S F 1ST
48,4.W
&L3, L60 I
Gross.
sales'
2,921,176
1,409.117
1.B23.020
ST2.557
704,74S
Maturity
less than
Maturity
1 year or
more •
6Sh178
49.552
ftJ,B72
14,400
G3,78
45.3HS
Sfl9
551,933
450,729
Gross
Total
receipts
tOTTipilod
from oper- receipts
"
ations '
h
18,793
9,701
3.123, S2Ji
I. 4*3,7SS«
1, MT. *134
t
1,020.274
307, 4fl2
307,314
I , GSG, 402
Compiled Net I
Dei loss n or d^
9, ?Q4,043
39,816
nsm-t^ other
bhau corporation's
own stock:"
"81,4*4
H2M1
201,J5S3
1*49,794
1* S, 937
1R^
2.695
cash and
net profit DT
n 0 t 181
4,473
348,323
33,049
59,870
3 4 2*5
" SB. 120
1* IV, oca
» 15, 243
» 19. 51fl
"6,702
4,083,038
Surplus nnd
undivided
profits less
deficit»
Common
534, 613
263,00L
297.11C
17Vh244
137.880
1W.129
50,418
25,974
22,738
8S r 420
174, Z7&
583fl3
55,
13,
3
Capital
«83.1Se I
n 17,037
1, « 1
S40
1,122
754
887
2,033
3»
fl, 216
" 304, 840
13,055
133
01;* INCOME
T A B L E 6,—Corporations submitting balance sheets, 1937, by total assets classes, in
aggregate and by major industrial groups {by returns with net income and with, no
net income): Selected assets artd liabilities as of Dec* 31, 1937+ or close of fiscal
year nearest thereto, selected receipts, compiled net profit or ntt loss, net income or
deficit, and dividends yaid in cask and assets other than the corporation's own stock—
Continued
[Money figure* and tp(*l easels cfamas In tfaoqmqde of dollars]
PROFESSIONAL, AMUSEMENTS, IIOTEL3, ETC.—RETURNS WITH NET
INCOME i
Cast:
of returns, notes
and
accounts 4
sheets' receivable
Total assets passes'
Total
_
49.991
3ft, 689
6S, 16$)
5,983
4,569
Mi*
HX449
1*4,702
39,084
47,529
16,160
8,994
Under 50 .
50 under 1-00-.. . . . . . . .
MM under 2B0-.
2*0 under SOO
500 under 1,000
_„
..
l, 000 irnder 6,000
5,000 under 1(1,0(10
...
10,000 under 50,000
50,000 uiMfcr 100,000 i*
lOfl.OOO and nver u , .
a, 772
1,360
5S5
60
22
-
:i j
_. --„-.
.*- --
17,176
fiO*.
1GG,5O7
436,724
i,m
30l!395
261,363
409,1542
364,342
0 (578
37.021
B7,2S8
254,190
122
92,443
Und^riO
..
SO undof TOO . 100 under 250
30,484
20,785
35, 110
3(1. 4*10
37,474
74, IBS
13,431
08,874
500 under 1 000
1,000 l i n r W 4,000
5,000 under 10.000
10,000 under 50,000
100,000 and ovcT 1 *
Total
Surplus and
XTnd&r SO
12,412
16.705
25 034
17^6S4
1,000 under'5,000£,000 under 10,000
10,000 under 30,000 [
AO.OOfl untie r J 00.000
*
100,000 and over i a
Total „
Por footnotes, see p. 13&
..
Preferred
23^380
IS] ^ 1 6
5&2.145
143,155
U1.303
30, 442
2,854
fid,M2
5,fl71
1,201,280
222,171
dross
rweipts
from opcratitras "
Total
com pile el
reoeipts10
4(53,397
243,7759
24,004
ftft, S29
10,2tfl
10,140
undivided
por fitiless
deficit 1
5 3S3
£3, 786
75'£02
6^'061
Tfl!010
122, S4S
7S3,130
net profit Not income
or deficitl
25^100
M0,633
117,030
133,701
85,131
T5,B43
142,517
27^945
162,086
231,437
33&.1S0
269,537
251,466
525,103
111,476
132,715
Coinnitrii
143^ &6S
325, S76
113,177
80,183
33,591
13,514
448, &7L
,. .
more*
302,337
Gross
Total RE9ots flanges'
Maturity
Jess than4
1 year
Maturity
517,615
Capital stock
Accounts
Total assets classes *
,_
Capita]
Total
assets <lnss
depreciaTVtftT
tion)
liabilities •
11S[3&O
.300,019
350,094
373, M3
Bonds, nofajs, mortgages payable
50 UHd£l~ 100
10(1 under 250
250uctder5oO
Inventories
Dividends
paid in
cosh and
than eor[*oratirnjss
ovrn stiicIt 11
21,0M
14,423
29! 249
18,fl3«
2e!04fl
65.657
30,253
10,139
17.107
42^907
7,945
ins, 214
113.685
13.5&6
13,556
8.409
2 ; 438, 7*53
2,500,300
230,751
230,120
142,032
134
STATISTICS OF INCOME
TAB LEI 6.—Corpmcd'ions submitting balance sheets, 1937, by total assets classes, in
aggregate and by major industrial grmtps {by returns with net inc&tne and with no
net income): Selected assets and liabilities as of Dec. 81, 19S7, or close of fiscal
year nearest thereto, selected receipts, cemjrihd n$l profit or net toss, net -income or
deficit, and dividends paid in cash and assets other than the corporation's own stock—
Continued
[Money Bgurea and total aweta ttlvsne* la Uwnundg of dollars]
SERVICE: PROFESSIONAL, AMUSEMENTS, HOTELS, ETC.—RETURN'S WITH WO
3VTET INCOME t
Number
Cash;
of returns notes
and
with
"balance
Sheets '
Total assets- classes *
Under W
BO under 100
100 under 330
3,7*5
600 under l,<Wt>1,000 under 6,000
S.000 iiffilet 10,000
10,000under EO.OOQ , . .
50.OOOunderlDO.OOOJ*.
100,000 and «vsr »
Classes grouped
..
M22
5,9
27,808
41,283
33,645
46,830
108.74?
49
"2
10,097
4,494
6,825
2,C04
3,005
?,(IS1
3,125
24,803
Total
Capital
assets—
t (less
Total
l
liabilities *
tton)
179.475
3U7.422
512,726
701,078
TS4.4.W
f
270,^7
6ie,2«S
flM,773
»71-S
*B75!lOO
673,73*
19,055
Total-
408,7M
Bomls, notes, mortgages payable
Total assets clafiaes
Inventories
a
TJnderSO
50 under LflO
100 under HBO
300 under 500
W0 tinder 1.000 - _ „
tjOOO under 5,000
5,00ft u n d e r ] 0,000
10,000 under 50.000
»,000 under 100,000 w.
l O C O M d t s
Clasasa grouped.
Acrcunta
payable *
S3,193
M. SSL
4X802
45,892
MT023
103, OS 5
a7,90O
42,967
Maturity
less than
l year*
41.790
25,320
M07L
53,993
3
J00.fiOS
61,554
rnoro6
100,605
322,61 a
JllO, 0d6
564.7W
1.33O.B77
4811636
Under SO..
Wunder 100
100 under 330
600 \HKIHT 1,000-
ljOOO under 6,000
SfiK under 10j00&
10,0<W under 50,000 -.
60.040 under 100.000 t<
100,000 and over "
Classes grouped
Total.
For footnotes, see p.
27»,T23
fi.SB9.078 I
CfrpitaJ stoct
Preferred
10,130
T.360
23.313
28,122
45.576
126.711
28,36?
58
SO, 039
Total
Total assets classes '
S2.4J9S
0,349,056.
lus auid
lndlTlrtfid
profits less
dtHn T
163,^7
ISO, 713
443,083
» 13% 3«1S
"36.44T
i' 40,163
u 3». 003
i< 45y 783
"31513
70,287
48,274
30,75*
£2,1»
1GM79
D3,328
333, 917
Gross
receipts
f
l
ations 1
153,673
147. 757
ITS, SIS
356,002
S7r4ft2
Ifl9, ZS3
66,737
l,S9fi, 124
Dlvidenda
p
cash, and
assets other
than corporation's
own stack •'
Tqtal
Com pi ted
tompiled net profit <r
receipts111 net loss ii
613,367
174.009
Ift6,6£l
152. l «
]S3,(*S
374,053
91.96*1
190,376
32. 3Sfl
"B.530
" 1S.7R7
H 1&.449
(' US. R>2
"50,935
H14S
W 9,fi4O
i+IS, SOS
M IS, 603
w 22,027
" 51, 1M
H14.AS0
i* 14,797
607
463
6,673
6,360
135
STATISTICS OF INCOME
TABI/E 6.—Corporations suhndtlittg balance sheets, 1$S7, by total assets classes, art
aggregate and by major industrial groups {by returns with net incomt and tvith no
net income): Selected assets and liabilities as of Dec. 31t 1$S7, or close of fiscal
year nearest thereto, selected receipts, compiled net profit or net loss, net income ct
deficit, and dividends paid in cash and assets other than the corporation's own stock—Continued
[Money fltftitea and total assets c t u s e s iit thousand* of dollars)
FINANCE:
B A N K I N O , I N S U R A N C E , R E A L E S T A T E , ITOT-DENG C o M F A N l E B ,
A N D BOND BROKERS, ETC.—RETURNS WITH N E T INCOME »
Number
Cash;
of returns notes
and
l
accounts
balance iwelvabfe
sheets <
Total fcraets classes '
11,534
5,049
7,103
5, 171
39»
Under 60
w o n d e r 100
100 under 250
250 under 500.
,
BOO under 1.000
1,000 an der £.000
6,000 unrirri0,000.__.
10.000 uadtt 50,000.-.
SO.OOOuntfer lOCUWO..
100,000 *vil over
TOO
A51
137
Total
Capita]
assets (loss
depreciation)
Total assets classes *
Accounts
payable >
Maturity
less than
1 year*
Under SO
50 undor J DO ~.
100 u n d e r 2 S Q . . . . . . .
250 under 50ft
HOC under 1,000
1,000 under SMC....
5,000 under 1QJ10CI-..
10.000 under 50.000.
50,000 unrter 100,000
100,000 and Q W T ~ . U .
Totfll
37, 473
as. oss
74,451
64,034
231,130
110.373
241.6G0
67,285
,„..
T o t a l aaaeta classes *
sales •
Under S0_
,1S2
2B0 tinder 500
MO under (,no0l flO
f l 0 5 1 »
i,0O0itndfrLOj00il...
10.000 under 50.0O0-.
flO.ftflO itndcrl 00.000.
100,000 and over
TotalFor footnolep, S H p . 13(3,
,927
265,
2, iea,
409,781
620,733
303, U&
13,3S4,«7
s, M se
, 04^484
0^
10 405,870
24,262
4,232,130
1 year or
more •
63.980
172; 322
175, 608
534. « 5
2(53, 570
752,420
403.741
3.184.039
Total
IW, 447
128,351
18^237
21 [p 212
603, 333
450, flSJ!
1, 249, £08
636. 534
], 692, 94ti
G, MS. 998
7,541,847
13
m, ai8,87*
Capital stocfc
Surplus and
PreFcrrod
70,422
91.264
393,723
2.59.630
N
S3
Common
133.131
150.734
382,383
«1,957
693,280
&56, 175
2,045^742
1,137,101
7,180,073
4,609,636
2,347^517
Gross
receipts
(torn operations '
344,333
354,26S
1712S
1.89O,flW
S, 810,635
l0.d90.O5JS
1,757
3,072
870
1,121
3,390
1,«30
5,062
fl.473
447
si, ms
9B S^
100. 096
305, 526
150.340
2H7.W2
223,523
107,764
180,377
4fifl,38&
408,500
427,083
105,117
414,033
aas,4]fi
,255.413
r07(trfKt2
.S18.967
r 4M.917
,5A3r244
S01,4g3
Bonds, nous, inortSaKes p a y s b b
assota—
Total
liabilities *
Coiupi
net profit J
net loss
22,613
(5,790
46, £41
65,236
77,fl?6
?388S
151396
430.928
2, 520, 7*4
ptoflta less
deficit'
"21,344
32, 441
128, 26S
229,4S3
375, eos
1.6S7.634
1.027,273
S, 022,60?
1,M7,713
7f 17^ 32T
la, 103, 760
Dividends
paid In
Jet txicoine
or deficit'
22.703
15,6S7
4902
51, 9St
7D, BS3
24fl 7M
364,578
259, 5Sr
cash and
assets other
than corporation's
own stock i*
19, 974
11,200
35. m
40,61*
56,581
109. S73
107,533
2SB.824
233,281
675,628
136
STATISTICS OF INCOME
TABLE 6.—Corporations submitting balance sheets, 1937, by total cw^/s classes, in
aggregate and by major industrial groups (by returns with net income and with no
nd income)- Selected assets and Uobililiea as of Dec. SI, I9$7r or close of fiscal
year nearest thereto, selected recr.iptB, compiled net profit or net lose, net income or
deficit, and dividends paid tn ca$h and assets other than the corporation's own slack—
Continued
[Moneyfiguresand total u s e u class** fa thousands «r dollars]
FINANCE: BANKING, INSURANCE, TtEAIi ESTATE, HOLDING COMPANIES,
AND HOSl> BROKERS, ETC.—RETURNS WITH NTO NET INCOME '
N'nmber
Cash;
of returns notes
and
il
accounts s
balance
J
receivable
sheets
T o t a l assets classes *
Under 50
50 under inp
100 under 250
250 under 50ft
600 under 1,000
1,000 under JJ.OOO....
5,000 uciier 1(1,000-,
10,000 under 60.000
50,000 under 100,000
100,1000 and over
117, 9451
1 io r S
313
25,327
9 r W7
10,133
4,128
2,674
Total
1,404.028
58,943
11,890,530
Under 6 0 . . . . .
5C under 100
100 under 2,W
25OunderSO0
E0O under 1,000.
I.ODOUQrJer 5,000
6,000 under 10,000
jU,oqoundi3rfl[i1(HX
60,000 imilerlOO
100,000 and over
86.957
163,447
118,802
:21,704
252.334
96.070
161,817
fllO, T53
.672,^6
37^606
112,649
339 TO
aia
060
liabilities «
1'OlFkl
309,073
U,0
612,026
458,173
388,753
9&0070
940, 173
703,631
M2 r 64t
623,4G0
6,553.360
S7.O4[),«5
2,B07
1,353
J
572,472
J53, S47
y
1 year or
mate *
ma', 166
V74] 157
439| 471
Preferred
Surplus and
undivided
profits less
deficit»
Common
36, 61T
33,090
S4.732
yj. 423
&1.0WD
30E, 723
1,138.207
191,056
27&.0S7
799.521
378,409
657,834
338. as*
434.727
47*, MS
h
" 151, 8 «
i' 79.901
r
579. 571
4,744,953
Total
Total assets classes *
Lion)
Capital stock
185,600
346, 700
633,910
378,912
63,
90,
173,
115,
140,
2HZ
Total
assets—
47B, 275
Accounts
Maturity
less than1
1 year
Clp
assets (lass
UM9
2ptM3
123
372
S9
67
s, tiotts,
T o t a l assets classes >
Invea-
Gross
Gross
receipts
from tiper^
ations •
iilend
paid in
cash, and
assets otho
than ftir-
Total
j Compiled
compfled net profit or
receipts 1 ' net loss »
O-wii
U n d e r 5 0 ._
Sounder 100250 under 500
KtJO UDdpJ 1,000
1.000 under 5.000
6,000 under iO.uoO..
10,000 under 50,00060,000 under 100,000.
100,000 s n d
Total.
For footnotes, eee p. 139.
H 47, i)U
3S0, 606
153. ISg
aos,fi%
19,664
23.320
&5, 812
60, 000
SO, 401
22,335
302.075
92,040
86.042
« 3i, ISO
» 47, 0S0
u 42, 41 *
278.057
•I 122, D40
142h<V77
« 42, M »
316,300
H SO. 851
118, 312 I
1,I47 T 187 !
40,910
J'48,03?
L
* 3i,317
H 47, fi7Ji
it 3ft. 17C
'*,11,73*
>< 12a, i s o
i*fia,6O7
» 139, 137
3.109
S.B97
4,333
2.900
3,730
9.335
S, 517
1 0 l
8,
2S
i« T29.65C
79,780
I* 17,3S5
II 141,$U
137
STATISTICS OF INCOME
BLE 6,—Corporations submitting balance sheets, 1937, by total assets clauses, in
aggregate and by major industrial groups {by returns with net income and with no
net income): Selected asaet$ and liabilities as »/ Hee. $lt 1987, or close of fiscal
year nearest thereto, selected receipts, compiled ntt profit or net loss, net income or
deficit, and dividends paid in cash and assets ether tkanthecorporaticn' 9 own stock—
Continued
[Moneyfiatn-esmul total w e b classes in thousands of dollars!
NATURE OF BUSINESS NOT OIV^N—RETTJ RNS W I T H N E T I N C O M E "
Number
Cash;
of retains notes
and
with
accounts
balance receivable
*
sheets '
Total assets classes '
Urderso.
sounder 100
Classes groupHj-d
73
.
^
100 nnd«r 2 5 0 , .
250 UD<KT fiOO B
SOQ u n d « LOW 1 '
l,flfl0uQ<ler6M)0
£,000 under lO.OOfl
10F00Oumlcr5O.(HK)
GOr0W u n d e r 100,000 .
11
15
"2
- -
413
351
83
3
144
6
361
333
1,101
re*
2,335
1*1
•...
'
-
,*~
,
.^J,_.
.... ...
WO
--
101
TotM
] h S43
Bonds, notes, mortg&f&s payable
Accounts
payable *
Total assets el&sa&s ^
UnderSO
SO lindtr 1 0 0 . . .
lOOuntlrr2so
..•
2.ri0 under 5(H> Jf
SOOnmlor [ f l d f l n . . .
t.OOO iinder.5,00(>
3,000 linger 1 0 , 0 m . .
10,000under SOjOOO• - 50.000 iiodor 100,000
100.000 a n d over .~
Capital
Total
assets—
assets (less
Total
liabilities '
tioa)
toriea
149
^..^
Classes grouped
Tntal..
Ttttal assets clastea *
in»
Maturity
lftK than
1 year'
Maturity
1 year or
more *
1,237
M9*
Capttal ato«t
FwfeiTed
Common
SuipCnsaad
undivided
proEts less
defleft'
39
TO
142
56
So
S5
1,608
124
27
1,300
341
159
171
3r863
"31
35
1,842
» 1,127
"16
- - - - - -- -
~.
1
f.6.3
Grass
Compiled Net income
Total
receipts
or
from oper- CflllllrfliVl netn«tprofit
loss " of deficit i
ations " receipts ">
Oross
Sates •
TJivldflnda
paid in
cash and
assets other
than corporatlL-n's
OWttStlMt"
Under W .
Sb under 1 0 0 . .
100 under 250 . .
230 undo r « » IJ
^00und«r 1,000 13
ljOM unrinr JihOO0
*,000 under lQ.OOO,
10,000 under ,10,000. . •
£0,000 under 100,000
SSS
120
137
Classes grouped
3,173
tSj sea p,
AA
4a
205
31
F.?.
42
as
SO
...
]D0,CKX1 aDrf nvur
ToWJ
l,Sso
388
33©
211
209
138
STATISTICS OF IK COME
TABLE 6,—Corporations QuhmittinQ balance sheets, 1987, by total assets classes, in
aggregate and by major industrial groups (by returns with net income and with no
n$i income): Selected assets and UabilUitt as of Dec. 311 1987, or close of fiscal
year nearest thereto, selected receipts, compiled net -profa or net loss, net income or
deficit, and dividend* paid in c&sh and assets other thantht corporation' sown stock—
Continued
[Moneyfigure*andtotalamela d a m in thnunnds of doOanl
NATURE Or BUSINESS NOT U rVEU— RETURNS "W'tTH NO ?JET I N C O M E t
Number
Tot&l assets classes •
UnderSO
,
00 undec 100
accounts 4
balacc*J njceJTable
fiheets
-
ess
3,110
],612
2.4U7
16
i.sas
3,152
00
imi»n.i*i-?£T!
260 undor 300
-
600 under i,o<)0
1,000 uoflor B.QOC '*
5,000 tiflder 1 0 , 0 0 0 "
10,000 under SO 000
11
"7
- --
Inventoried
«M
107
3
Capital
assets (IPSS
depreciation)
Total
assaysTotal
1,643
1 142
2,417
1 025
4,177
S.3M
SSI
22,70^
g 1^2
13 1
!
IOOJOOO Emd -ovar'
Clasaea grouped
13.S23
Total
i, a«
343
Boada, notes, mortgetem payable
Total assets classes <
it, fiS'J
Capital stock
Accounts
payable'
Maturity
Mfli^tjrlty
I FOOT OT
Surplus and
deficit T
more*
U n d e r BO
flOundBiKML
HK*T"MAr ssn
. .
SCO under 500
5C0 under 1,000
1,000 n o dec i,0<K) a
6J0OG alldier lft,00C '*
10,0W U " 4 « W,fl0fl
60,000 under 100.000
100,00ft and OTW
Glasses grouped
Total
„
'soo
.
1,044
614
1,M5
1 722
*S1O
1,174
2,33*
3rB2B
73ft
023
381
1 151
3,820
2 r 08«
7,2*6
S.6Q1
11,500
4* 330
Ml
- —
, . „-—^
foe footnotes, see p. 139.
7,312
ft, 3*5
i,wi
"2T,Si»
» 3,223
"ft. 400
»641
i* 515
139
STATISTICS OF INCOME
TABLK 6.—Corporations submitting balance sfieets, 1937, by total assets classes, in
aggregate and by major industrial groups (by returns vritk net income and with no
net income): Selected assets* and liabilities as of Dec, 31, I9S7, or close of fiscal
year nearest thereto, selected receipts, compiled net profit or n& loss, net income or
dfificitt and dividends paidin cash and assets other than the corporation^ own stock—Continued
[Money figures and tulnl assets classes in CliiMlaflnda of dollars]
NATUHE OF BUSINESS NOT Q1VEF*— R E T U R N S WITH NO N E T INCOME '—Continued
Total assets classes »
Under 50 „
so under 100
100 under 250. -,. -.
250 under 500.-600 under i ,iX>0 1
1 000 undorSiOOft *
5,600 under 10,000 JJ ..
Gross
Sates'
Gross
rets i Pis
tram operations *
- ---
[
3,136
309
65
14
0,287
340
2M
28
2
ia
ll 58
3.514
3,029
» 1,607
Ki.ODO under 50 OOD
AO.000 UDtlar 190 000
100,000 and over
Classes grouped
Total
Dividends
paid [a
Compiled Xet income cash &nd
Total
compiled nut profit or
assets o t h «
or
deficit
•
lc
net 1'.JSS I'
trian-correceipts
porntiftQ's
own stock u
W237
*54
"17
< ],0M
w L49
« 24ft
D3
331
SO
H4T
14
H5S
1.043
1, 61*
i, set
Net InWEI*" or "deficit" is tbeoet inconje for eicess-rjioftts taxcompatatioTi (item 36,1 schedule A., p. 2.
1120) whlell iseqnal tottic di-£rercnccbetTvecn"totoUnoorTHi"Bnri "tola] deductions* (items 14and 27,
respeatlTOly.
soliedula A, p . % Form 1130)* The classification ftf the returns into tliosie "witli Jiet income *
and ljv:ritb no net income" Is based on nrt inotime tor STTCOES prtiftts tax eomputatioa. Fur comparison oi tbo
araoants of net income far 1037 and 103S with those for years prior to 1636, see p. S, The dUT^i-cnee between
193.7 and J9W In the bases of the clnssincation ftf trie returns Into those "with net incotnu" and "with no set
Lncomo" is 3.UbtCd uC p. 3.
* For method of tabulating "total assets" and "total liabilities," -"me explanation, p. 23.
* Exclude* Tatutus for Inactive corpomtinm add returns with fragmentary balance sheet data.
* Casb includes amount in tilt and deposits in back. Accounts recohFablo hB^e been reduced by tbersflerre (or bad debts.
*For 1B30, "acwuuts payable" anfi notes payable: with orLgiiial maturity e" less than 1 yter constituta
"notes and accounts payable," acd bQnila and mortpsgw witb griginal maturity of leas than L year are Ju«ludad in "bonded dat>t and mort^a^es."
* For HBQ, iuclmJpd In "bonded dntot and mortRaKUS."
* Consists oi "surplus resetves," "p*'d-iu or cftpltal surplus," Rnd "earned surplus ami undivided profits"
(items IB, m, and 10, schedule N, p. fi, Form 1120). For 1030 tins amouat of "surplus reservea" was included
in "other linbillLies." {Also &;e second paragraph, p, 2 O
* Qroas sule* leas returns and" afJoivancfig whera inveatatws are an laeoatiS-aet'erBUBlBg factor. For "tost
of poods sold" see "deductions."
,
* dross receipts from operaticoa vhere Ipventaries are not an incomo-fl-CWrminrne factor,
Agpteeatd
and "fLuftjiw—Banking, insurance, real estatfe, holding compumes, Btock and bond brokers, etc, J I inelud*
for a limited number of rottitna tba cost at securities purchased for customers. For "oost Of operations"
ace10 "deductions."
Excludes nontai&tile: Income other than interest on tax-exempt nbnaatiops reportftd in schedule B, p. t
Forni 11^0, "AggrogaW* and "fluKioe—Daoi;mRr iruuranoe, real fwtsta, holdins cumouiies, stocK and txttid
b t s r s , «te.," include tor a limited Tjumrxsr of returns the oost of securities purchased for cjstoranrs.
Compiled net profit; or net loss is the difference bwween total compiled receipts an<i total oompued a*rtkms
i* CorresriooJR with "cash dividends puirt" far I93fi.
i) Classes ftrouped to conceal data reported and identity of -corporations.
i< Compiled net loss or deficit.
i* Less than $500.
140
STATISTICS OV INCOME
TABLE 7.—Corporations,
1928-37r by returns with net income and with no net
income,1 in aggregate and by major industrial groups: Number of return&j gross
income, n#l income or deficit, income tax, excees-'projita taset and total tax
[Monty figures in Ihonmiuls oT dollars]
[For t«it defining certain Hems and describing returns Included, see pp, l-OJ
Returns with net income L
Returns with nn net <neotne'
Total
Year
of returns •
Number
Gross
Net in
Income
tax'
proflhs
tax »
Total
Number
GT033
income
l74,SSft
:6fl,SDi
241,616
293,309
3f59,238
337, OW
324,703
3-14 S82
275,fi116
2SJ.31C1
80,987,717 2,034, 123
46,5flO, SB4k B77, J»5
5H, 4ft4, 204'fi, 1370,913
49,37A, 775,7, TflfN, fiB7
36,890, (IJ55 C> JJSS , SSJ
37,010, 289 4, 1R1,G(27
3e,4M, 364 3,4(58,774
27.BI4, ! 78 SU52.O24
'it, 977, 9S1 2,280.84ft
l
Deficit 1
AGGREGATE
406,902
MS, 436
(US, 735
516,404
60S, 636
504,080
1528, S9G
633, $31
5OTr77fl
529,097
1028...
1829.
1030
1931. __
1432
1939...
1934. __
103fl...
1037...
2fl*,7$3 '127,360,52fi 10, 017, 741
129,033,792 11,6S3,3S6
221,12Q d SO,ftfit,^05 fi, 42Si Si 3
175> 898 52,051,035 S WtJ, JWS
52,64(5 Si i 707, 9A3 2, 1M, 113
109,766 46,752,366 2, 985, 972
Mil 101 02, 920, GM 4,27,1,107
77,441,50* 5, !<t4, 7?3
l$4,23l
303,101 104,7fl3 r 755 9,478,241
192,028 108, 9S», 095 0,034,837
1,184,342
1, 103) 43*9
711,704
39S, 991
416,094
CSS. UK
710, 156
i,iee,7G5
1,232, 837
1,164,142
1,103,430
! 711.704
i 3Q5,ftfJ-S
»26,%57G
6,976 423,0^8
7H R73
MM\ 048
2 4 , Ofiti
730i ]<J0
2I,fil3 1,1ST, 37fi
43,335 1,270,172
PURE AND RELATED IXI>trSTRlES
10,366
10, BIS
10.961
11,014
10,977
10,460
ID, KM
Iff, 0&4
&, 8fiO
9,505
1028
1029
1930...
1S32
1P33...
1037^1
634,641
630,227
4,504
4,407
3.475
2,546
1, 153
1,443
1,1M5
2,321
1S3*034
175,040
29B, JJU
358.005
503,002
331,6154
80,476
72,801
40,484
14,002
ft, B7S
14, M4
3fl,572
43, Mil
65,837
57, 320
8^217
6,183
4,041
1,201
B75
4, Ml
1,201.
4, I'JB
4|278
lfiO
4,379
IBS. 503
50,003
6,131
307,122
SS, 3711
8,'615
235, ISO
94' 063
60,212
71331
6w734
241J135
20l| "57
351,123
7,470
40| 3Sfl
32.707
(4LAKKYINQ
1033.
1034.
1935.
1036.
1937.
18,703
18,261
17,635
17,590
17, 21S
5,133
5,211
4,700
3,83»
2, 8(58
IB. 656
15,130
IS. 174
4.400
4,527
5,14C
fi.osa
\
2.501, 4BS
3,(131,406
1,611,228
fW r <a0
637, 578
555,6^
1,101.775
2, 57fl, 7fi6
332,079
430,527
1W, 118
71, 154
«2675
3fi,7Sl
44, 3191
21,474!,.
158.063
21.153
22, t00
300, (MS
437,11
428'
44,319
7.750
7,29!
7'211
7, 44A
10, £01
P. 17ft
22,015
as, 012
60,859
CM
(5,457
fl'iWB
B, IBS
5,642
-9,484
1,0fi7, 745
1,01(1, 1S4
] , 4 » , 571
1,127, 2fl7
1,402,599
137\939
1, 292, 8S3
99fifiJ!
1,000,672
2(17, «fp
1«8.44»
238,45*
326.963
287,042
246.137
lfift. 373
ITS, 879
124. I4R
128,3(58
MAN C FACTUfilNO—TOTAL
IMS...
LD29..
10S0 ..
193-1
IQ32
L933...
L934_._
OS. 77*
9^.525
05,098
£3,100
51,840
63,831
S6.I54S
Oft, 213
19S7...
W5.311
55,007 A7,4SS, 958
59,879,739
55,488
40,641 <3S8O4£S5
20,074,409
30,270
14 Qfifi 1269fi^92
2^354
22,389,385
27,442,910
34,023
^7' Kg6
41.W4J
For foot tiot*s, sec p. 145.
4,744, 361
5,2ia.01tt
2,757,508
i, 4&4, -aiyi
757. 591
M6Q.fi32
I, 90ft, 1!M
2,4*2, 773
4,0^2, Sill
4,127,405
544, 937
544,053
316, M2.
185,311'
90, Gift
503, 713
262,4fifi
341,355
f
M4'053
lda^3]l
207^302
3J477
15, 53S
23,37C
652,271
G,H13, i
S10.244
93! 743 12,252,285
iy,fttf>,043 lP63fl, 844
08,81ft 23,058. 8S32 2-, 237, 589
12,&M,4eO
13, BRO, 04(1
53! 700 12,484,183
^SOJ«O
50,005
WiTh. 32E)
424J344
141
STATISTICS OF INCOME
TABLE 7.—Corporations,
J9S8—S7, by returns with net in.oome and iiritk no net
income,1 in aggregate and by -major ijidutlrial groups; Number of returns, gross
income, net income or deficit, income tax^ excess-profits tax, and total tax—Con.
(Money Hgpre=i in thousands
MANL" FACTORING—FOOD A N D K I N D K E D FRODTTCTS
—LIQUOBS A.ND B E V E R A G E S (ALCOHOLIC A N D
NONALCOHOLIC)"
lots...
1KJ4,..
LOIS . .
L93G-.
LB37...
2,9fi&
3,29?!
3, 2S2
3, XJ3
3,3*6
SOS
1,3IW
1,4(5*
1,707
1,633
T9.3C3
97,fi4S
4 H 4S7
S51, Slfi
1,107, 301
1,475.579
1,329. &L2
10,159
13,427
anas*
402
90.1
MO
l s | 711
23 803
I'SS
1^491
1,294
107,420
H, 175
IS, 723
219.399
IDS,162
MANUFACTURIN"O—TOBACCO PRODUCTS
I, ISO, 870
193S343
l
1.IB4, 278'
1B31--
370
155
IN
Sr
1934
19^-m5(J
1M7...
40,1
J&7
379
370
131
IHfl
140
978,533
143. 7SSl
14,54*
H, 554
17, 2lfl
14, MP
HtSi4
17, Slfi
isloiii
6ft, 224
1,023,24.1
1.077. ft
1. IBS, lfifi
1. 264. 77»
s.ee
13, P70
18,303
18, 357
19,12?
2; 147
105,158
0^655
s, Ens
B, 361
14,883
17T
1S7
211
13| 711
1ft,432
18.945
345
328
211
213
11, 122
7,351
.S, 047
28.7T4
8,753
9. SVi
11.872
27,440.
l|32l
1.193
M ANU ¥ A CT U UXN G—T E XT ILE
19^8--1P30--
1931IB33---
1B37,..
14, SOS
14.8£»
14. fiH2
14.05*
15. 3.-51
IS, ¥75
15, B «
7.B27
7,fl97
8,0F6
8.104
5, £78
4rfl7!5
3.467
S,fiW
5,700.380
.Ji.'9OSL2R7
1,642,402
a 133, LR2'
1,211.518, 1
a, UKl, RS54
3 <
6, 120
5,903
3,012
3. 5GG,772
3,014^62
For f f » t n o t e s , s«e p. 14,'i.
310893—if
1 OS, BIO
77.S3O
«, ate
S
M0l . 3703
171, 4«
0
Ififi, 32S
39,3(1.1
33,197
11. IK!
7,351
S. <H7
28,010
i s , rwa
23,570
Te4
1,034
31}, CE16
«J7
4^490
2.13d, JUKI
2,330,93 r
3,774.112
3, 072, 436
,
£, 045, 225
314,337
1,.^17, 420
15J5, 729
153,009
3fifl, BSKI
342, 597
333,249
96,83$
134.014
100.258
44.055
142
STATISTICS OF INCOME
TABLE 7.—Corporations,
1928-S7> by returns with net income, and with no net
1
income, in <iggregale and by major industrial groups: Number of returns, gross
income, net income or deficit, income taxt excess-profits tast and total taz—Con,
[Mftn*y figures In thousands of dollars!
Total
Year Dumher
of returns ' Numlier
Returns with Det Income]
OIMSS
income*
Net income >
Income
l&x*
Returns wUU BO dot Income i
Exi»sspriafits
TotaJ
Nuiriv
tax
bar
Qrosa
Deficit i
T t f A N U F A C T U R I N O — L E A T H E R A N D I T S MANLT]FACTTJ RES
1023
imV-.
lttSl...
1932—.
1933...
1934...
1035...
lsae...
2 440
2,477
2 4fll
2,394
2,331
2,422
3 415
2,401
2,336
1 grjs
l|»40
R94
754
4£ft
973
976
1,090
1 Effll
1*033
1 33B 306
1,258,771
733, 041
545.38S
371, 43R
727. B24
709, t*3J5
035,624
1,043,70*
063,149
77 423
76,803
3S.0&1
30,091
]ft, ftfiT
47 r fS/n
Sfl. 4flS
47,760
JSft, B47
34,601
8,692
8,892
8,100
4,339
3, aw
2,404
B..W2
5, yis
fi, SfiH
7, OI?
^,1=7
„
• -
- ^
, . .
-
v
Ifi7
163
134
100
4h38S
3,340
2h404
fl,74O
5,094
B,7I»
7,791
5,3.17
1,015
1,0*1
1, £t5
1.K7
1, Sift
1,305
l,30R
1. 2M
1 144
1,311
2&, D3S
492,402
655,143
BM, HW
3SL 286
324,117
2aft,43rt
2S9,Ifi3
3ft8,57a
0*|l24
61,737
151,797
20.7$i
17, Ma
34] 272
13.,5fll
MANUFACTUBING—RUBBER FHO13(JCTS
IMS...
1929. -
1980—
1931...
1B32...
3333...
I034...
1935.--
733
53S
607
C52
£44
$72,
f.50
S"S
618
1B37...
332,048
34B
311
227
174
22
401,314
327, 5&I
300,313
3f\2, 756
071, SSI
9)0,091
2:15
267
330
320
1.012,043
2,770
11,339
14.076
30 h ll9
A4,77I
47,4M
fl, HO
5.149
1.3S6
1,371
1,336
1,371
301
1.9L0
52
4,141 i
£23
4*4fi4
S.639
351
303
354
4,14,122
5L&.967
r
S12
259
JSi
418.134
393,49*
50,872
S4, 911
45,987
30. m
€3,S7O
SB, 151
41,51?
10.0DO
10, $&&
6,939
3, 1*}
8, 712
MANUFACTURING— FOEE3P PRODUCTS
1038...
JS2SL..
1B30...
1931...
1S32...
133a.-1934...
1935.-.
1935...
1937...
7,947
7,861)
7,501
4,707
flrB79
8 h SW
6 T Si3
fl,722
6,730
4,290
4,105
a,
MO
1,62.)
332 fll2
541
4f>7,148
1,412
S, 3S4
B-145
3,152
490,3^5
734,389
],201,734
1,457,031
142. LOT
135. 612
36.S3S
6,271
2X745
27,210
379flS
1.1, 210
13.437
l h 379
MA
3,153
15 *10 3,3(17
13.4JV
3, 2&4
3, TO1
llfl
A3
559
8S«
93,
r
1929-,19S0...
1B32...
1933. .
1334. .
1435
1930
1037...
2.093
3, 145
2, 113
2 rifts
S>097
Sh 1(54
2.318
&.3M
sa?i
1.84&
1,40ft
1,114
832
473
903
1, ?OS
] , 296
1, +4ft
i.afi]
1,374,723
1, 546. fill
700,716
118,500
J24. 347
73,641
37,472
HfiflO
57.SS0
466,703
1.165, 444
1,437,416
l,&t6.37S!
]S,7Be
13, 222
8,475
4,239
2,217
7,2K
11,123
12,586
1& S54
2^731
75«, 131
3, 272
5,443
li.257
14,4S5
789,281
8lfl. 194
3,373
KfiS. =
456,523
472, ]65
CS.440
152,450
109.1*8
312, 383
95,335
70,708
6a. ass
3
AN1> FHODUCT9
180
aw
270
708
13,7fl»
13,222
-S 47^
4,239
2,237
1,419
11.334
IB, 030
678
9.J3
l,2D0
1,108
1,032
B-4S
352,798
M0f444
507, J5S
f3142
347,752
3231*5
291,362
241.191
^ 9
3. 77ti
Sl,0?3
36,000
2ft, 41S
31,904
15, SIS
12.030
M A N U F A C T U R I N G — P R I N T I N : Q , PUBLISHINGJ, A N D A L L I K D 1NIJTJSTRIEB
1628...
J*20--1*30.1*31. lfl32L._
1933.—
1934...
1S36...
1986...
1937—
11,127
11,569
11.730
11.822
12,100
12,077
17, Ci2
12,912
12,735
12, 667
7,070
7,331
6,093
4,693
2,355
2,713
4,400
4, Sil,^
^4G9
&117
213,6501
2,0^,461
1 2Si 28i
Far fwtn[fl«5, se^ p. 145,
977, 340
285, 3fi7
468.2"
270.821J;
176, IS 7)
U S , 795
56.. ftfli
71,079
117,4S5
140,0*7
18S, 47fl
183, €21
27.910
'28,017
19,041
12.»afi
7.IW
S.KSS
+fi
IB,
27,370
26,872
402,ft92
18,841
134
301
452
672
1«, 349
19,716
27,832:
2r,S44
5,271
6SO
7.6lfi
7,49,*!
6,81i!
7HO7&,
807,907
000,170
900,
073,352
571.400
559. 876!
440,HK9
3TQ4
4T.
749
.B4,51S
77,802
64,151
43,9^
21^,475
387>
143
STATISTICS OF INCOME
TABLE 7.— Corporations, I9%SSTf by returns wiih net income and with no net
income,^ in apgrefftite and by wnjor industrial groups: Number of returns, Qro&&
income, net income or deficit, -income tax, excess-profits to#t <xn4 total
C
IMuJiey ngurm In Ifumsw nds of dollars]
Roturn.i with net income i
Yew
Total
number
of reNumturns 1
ber
OTOSS
Income '
Net income1
Income
tax*
Returns wjtli no uot Income'
ExwssproOtg
tat*
Total
lax
Nura-
Gross.
Deficit l
MANUFACTURING—CHEMICALS AND ALLIED PRODT7CTS »
1028...
1929...
IS30...
1931...
1*32.-.
1933...
1«4-193&...
leaft...
1937..-
7,501
7, ajs
7,3%
7,Ste
7,443
7,WS
8,220
7.0fl$
7,174
7,183
4,231
4.073
3,287
2,787
1,741
2.4W
3,049
3, Itt
3, 30a
3,107
8, 772,460
9, G£0,M5
•7.37S.O17
3,371,39s
3,761,631
4,004,054
3.322,088
4, 545,7?2
3. C4fl. 5fa
3, S83,70S
S4S,127
Oil, nl2
534,077
251, JOS
107. 778
272, 900
H24T03L
33*, 123
•179,37
4!J7, llfl
flS, 124
F.2,1H51
29,+Ofl
23, «44
38,340
44. B37
64,(179
S3, 131
B8,121
543
929
1,063.
3.013
29,409
3S, S44
3B, 775
45, 170
51,209
6&, 142
£820
2, 90S
3,727
4,047
4JG96
4,659
4,350
737, Olfl
852,977
101. iza
1=33, 520
27f.fi8fl
337,354
B9. 759
;
eB;o76
17S, 4SB
3TB *?0*
221,288
IBS, 213
17P, 543
114331
-PBTROT^UW: AND OTHER MINERAL OIL PRODUCTS*
1036...
1937-..
538
SCO
3S7
324
3, 71B, 8S5!
4,638,211
224,
Sttl
29, BIS
Si, 1S6
21, 110
23,671
7B5
MANUFACTURING—STONE, CLAY. AND QLA3S PHODUCT5
0»
1930-1931..
1933,.
1933.1934..
1637...
4,352
4,810
4,724
4.41?
4.W6B
4.112
2.678
2.W2
l.SO1!
1,149
1,339.436
1,027,440
483,373
184, 6?J
042
I;So7
769,225
UlGfi-aU
1,317,034
4.1C4
172,007
193,040
92,912
41,683
13, 270
U, 762
61,7*1
IGl! 524
10,770
17.288
10.487
4,614
4.S2&
a, wi
12,1*5
34,000
24,589
470
507
W7
1?!2(5S
10.4S7
4.614
1,760
4,912
B.&50
12, 9ft6
24,507
25,436
a| 713
a, 685
3,180
2'524
2,«15
2,263
I3». 611
2115,730
382; 407
553,454
485,7*1
290.009
235. B57
248,437
183,026
218,616
32.513
33,430
53r374
7flh174
110h09S
56.635
36^527
31 r El(l
16,007
17, *IB
—METAL A N D IT9 P R O D U C T S u
1&2S..
1B29..
1B30..
1031..
1832..
1933..
1034..
1935..
1W0-.
1W7..
20,695
2l T 047
20.S31
19,700
19,877
19,080
SO,353
19, SW
19,772
20,076
12,252
12.S64
8,183
4,744
1,917
4,291
B.B44
R.42B
30.467
30,491
l,Bia,W4
1S.7B0, 3<W
4, nna, ISL
1,031,353
4, 050. G94
7,040,339
10, 552,872
10,501,257
14,042, leg
33»lnt7
353,231
71,098
2S7 t 192
£35, 147
S74, 60S
i, ss i, aao
221,836
33^444'
116, 149
4O024
221, S3S
23Qi\H
40, (K-t
SJ, 56ti
40, 56*
73,627
120,240
171= fi54
337, 931
377
8,302
3,777
12,870
40.942!
74, 416;
12S, 442,
lT5f 431
240,821
7,47ft!
7.2SS
ll,S04
14,174=
16,191
13,84*
12, 437
10,702
S, G63
8,775
254,976
170, U S
J 00,376
TflO. flfll
5, 47S, 3HO 1, CM, 566
4,077,533 494,120
3 5 8 8 M 6 27&421
3,588,M6
2,902.219 169, lOS
74,916
2,068,626
TO. 727
1.301.2SS
MANUFACTUHING-MOTOR VEHICT.RS, COMPLETE OR PAHTS ••
1937...
SOI
8S9
367
381
i, mi, 105
4K13&2
41.% 814
11,554
U047
65,
M A N T J F A C T U R I X O — M A N T J F A C T U K I N Q NOT E L S E W D S R E
1928...
1020 _ „
1930...
1031...
S, 487
S.269
7,801
S,3M
103» "
1U34
103*._.
7. 27S
6,408
4 413
6,021
6,197
1037...
,205
960
H4.J
lfiO
1,993,751
1,880,411
1,162,164
<1S5,130
^.33,332
772| 673
1,083,382
1,370,246
1, 519, 012
For footnotes we p, 14B.
at. Ma
19, 207
11, ?5fi
fl, 201
3S
lflS,999
105, 2LB
24,577
£1.736
70,102
3,273
KStS
13d.6BS
0+
435
CLASSIFIED
3,556
3,477
4260
7,432
9837
23h270
3,676
3,047
3,319
,
SKS, Ift7
iWl, C63
791^917
676,232
4Sti, ITS
433,320
352338
2S3,
B&, 178
82,284
134,443
14a, 37S
13&. 367
Sfl, ITS
41.4&Q
30,433
17,878
20,430
144
STATISTICS OF IX CO ME
TABLE 7.—Corporations,
l&%8-$7, by returns with net income ami vtilh no net
1
income, in aggregate and by major industrial groups; Number of reform, gro&&
income, net income or deficit, income tax, excess-profits fetp, and total tax—Con .
[Money fitfnreia En ihoimnada of (L>IL*r*l
Total
"year number
of re- Numturns •
ber
Returns with ret income •
Oross
Income *
Nfet Incom* J
Income
tax*
Returns with DO net Jbcnme i
profits
ta**
Total
tax
dumber
Gross
Deficit!
CONSTRUCTION
1923 _
1929..,
1930--.
1931.1933...
1933...
1034...
1935..1B36 __
W37...
1.8,77(1
19. 94"
20, fl3fi
IB, KOti
10, 04fi
IS. 235
17,751
17, 087
17,907
US* 39*
L0T179
10, IG2
ft, R71
6,457
2, US
2. 140
3, 353
4,243
ft, 202
6,103
2. rll7,
a, 291,
3,174, IS6
1, 213, 234
4*5fc, 670
170,906
571, S74
78*, 599
1,30ft, 003
1,638*050
31.691
49,200
74, 13fi
S44«J
l*0h 548
80, WU
3010
17, Uf>
IS, 519
1ft, 2)0
7U35
173
0,772
11,112
13,215
710
17,175
IS, 519
IS, 210
7. £135
A, BSfl
3,441
4, 548
7,4$ii
11, 77i
14, eiT
1, 117
7,89ft
9,674
11,675
US, 204
H, 112
ViSS»
10.761
BGI.O89
7«0, 2/H
H(i7,^72
1,022, 31S
EHW,a4Li
704.11S
6S1,30E
70S, 42S
703. 504
773, BS2
71,309
™06
111,04*
111,060
01,44(1
S!S. 737
3T, 305
36,«90
TRAN3POETATIOWT AND OTHER PUBLIC TJTTLTTIES
1928 .
23, 662
1930
1031.
1932 . .
1933__
1934...
103ft
1306 . .
1937...
23, flfia
23,715
34,0W
24,302
23,537
35,487
27r4RB
27,5C0
IS, RUB
13, fll4
l £ , HH)
10, B33
7,420
». sns
IO.60O
11, IBS
10.SSC
14. 263, 77A 1 813 OSS
15. 1584, 03* 3 003 6J}4
12,1)35rfif59 1, 3 3 4 , TJ&i
602,63,1
t800,951
TOfl,1GS
657,273
<L, 782, 888
91ft, 299
6.^06,192
927,144
6,520,071
H J5fi Hfl7 1 K7(> 630
9,034,200 1, 603; 031
211.GS1
222. 4S3
l.-ift, 57»
ai l, sal
333, 4SS
ITifi, 573
OH lift
Q2.25&
12S, GOO
127,680
173. R71
104.430
SB, 115
32S
1, 125
757
3,749
13*1, SW
12ft, «0ft
173 428
1*3.170
7,422
7,094
9,522
10,622
14.991
14, 349
15,571
14, UK
13,657
13,Hlfi
1,538,135 173,170
190,092
3.0Go!oi3 33-3 52ft
ft 584 H46 floVz+fi
ft, 3SJ, 532
J>, R2(5i fllil
7+3,115
5, 215,03S 313,899
5.034,703 lira, 047
4,055,2S8 353 SR't
4,415,002 410.0O4
TRADB
W8.
34, 834,4fl4 1. 240. 853
',», 2(54, OSfi 1, 141), Eift
<V51, W7
23r 3WI. 483
lfi r 100. *12 4fi«, trtii
23i 674'
9, 329. 422
43 r», Ha I
14. 97C, tlBA
Girt, 31fiI
K. G19. P08
767,42S
27, o82, SS5
13^119
34.81.0, 7 L7
1.064,765
35, 057. •
1929.
1930 _
1931.
1932.
1933
1934.
Ifl35.
1*36.
19J7.
126,3*2
04,
4ft. 7IK
2. 200
^077
J, 311
r
138, 378
161,718
12fl, 3,12 41.(502 a.. 379, (520
107, 149
»..230,447
7l>4fi is.
fll,lG6
,
45. 70& S6, 79H 14.4H4, IHJ
30.644 111, 3A3 1S,«O4. 005 .025,131
,03!), 924
651,189
4.7ft, 1&4
a,"""
94.:—
, Oftl, <
164
10,
1CK, HUfi
3fllr
9.
173, .Mfi 7fi! 2.57
21^049
s.
230, 7fl8
L0, 379, 2 0 9
SERVICE—PROFES81ONALi, AMU9EMEKTS, HOTELS, ETC.
li>2ft
L9£0.!~I
L931
1932...
1933...
1934 . .
193n
m?,..
33, 82!r'
3»,«42
42.004
43,400
47, 5ftS
47,843
So Wivi
54, .yiO
B4, 43fi
m.oos
is! 74]
15,637
7,140
7, 5flO
11, 10+
lk 44&
19, 1*1
2. 7ft4, 161
3. Oil 820
2.757.401
1,099,877
910,2ftft
80^. 9S0
i,.iei,*is
1, SOU, •935
2,025,377
For [HXitnotra, s-e-e p . 145.
3114 1815
3t4i42fi
234,227
117,925
30,962
107, S07
127, 44a
232, Ifi4
225, 72(j
35. .Wl
2S* TOft
11.0H1
• B , 39ft
8. 47S
1-1. «*3
17,514
S I , Fi34
25 501
2s' 832
23] 70.5
Jl.OHl
23t»
34*'
?2wi
912
i, aa»
14 MB
15^737
22'MIR
S, 717 35^10
H, 211 34 71?
ly, 24S 30. 2S9
33,44ti 41,25H
34, m i 11,017
1,1)43,450
126,709
I' 4UTJ 4 » ! I7H, 2M
1, 9SO, JUS 341 2S8
480, 481
l,ftS2, 22h 378 fl23
1 &]'i 4H1 2ffi 406
1.9O3;7Sft 26H| fllfi
5, L03h 41 fl 243, 235
•i, 311,927 210,1104
145
STATISTICS OF INCOME
7.—Corporatitms^ 1928-37, by returns with net income and with no net
income,1 in aggregate and by major industrial groups: Number of returns, grass
i
net income or dvjicitt income tax, exe&w-'prnjitit tax, &nd tvUU tax—Uoiu
[Money figures in thonsanda of dollars]
Year
Total
number
at rflturus i
Upturns with no oat income >
Returns with net income l
Number
Gioss
income *
Xot income i
Income
tai*
~RXB0BS-
Total
tax
profLts
tax."
Number
Gross
incomej
Deficit i
FINAKCE-EAXE1NO, INSURANCE, KEAL ESTATE. HOLDING COMPAKIES, STOCK
ANT1J BCKNTJJ BHOKKKS, ETC
|
145, 433
1*29 .
ioao1931..
lSrt F l82
1933!!
1634..
1B35..
1636..
113.90S
142.413
147.277
143. S43
132.715
133,992
15'jJ,'JiSJ
80,315
72,102
59,129
26,305
23, 3fl9
272B7
33.B31
43,fiSI
1. 971. 343
H187S.9S1 X 197, .'539
7,616, SOS 1.064, 316
4,fift&,8531fiFO,SOS
2,779.018
2S7, 90S
s, 726, aefi
2S0,6fBt
8,039.267
452, 414
3,ft'tH,7 4 7
603. S74
0.371,007 2. 2L&. 033
6,000,402 3; 143, 79fi
213. 238
222 403 ._
100,455
55,1S6
38,57a _
3S, S4&
oz, 10s
B2, B2S
112. 55ft
137. 05 L
213.233
222. 403
10D. 165
fiS, Ififl
3fl, 570
3,RftS
2,209
%73S
86; 814
144,943
139, foQ
1&.824
53-, fi77
fl4, 477
75.434
9Sv725
90,31+
98,85!)
91, 7{H
7I.83S
7^4BS
4J766J4Efr 1,008. 827
5, 777, 697 1.566. 077
R, SS5,974 2, 2Sfl. Si*a
5,37«, 898 2,335. 500
4, fi95. 4*2 2, a?B, 8flS
4. BIS, S U 1,6^7, 19C
4, B64.478 1, 3<U, 693
£1403, Slfli 7T1* 464
1
OF BUSINESS NOT OIVEN
lff2S...
192&...
193O___
1031...
1933. „
1W3...
1**4...
ms.__
1B36...
IDJ7...
16.597
17,247
21,330
10,834
18,15a
11, ML
12 T 4JlS
14.9BI
14,0^0
12,021
OHO
1.132
1.040
1,043
339
228
lfiS
If3
172
Srtfl
1(1?
fi7
77
ft4
?5
2
2
&
6
3ft!
94
K£
105
13S
S3
127
83
fifl
01
1,330
1.74S
1.89S
3.228
2,099
1.2B2
l h *5l
l.JSO
17, 773
J4.3M
12, J03
7,843
3, MB
3.730
M!t2
1,S1D
.1. 4SS
8,703
13,303
18,734
14,813
5,838
5, OSS
9.168
6,209
L152
i Cbaajws in Hit revenue ft«ts aifMtinf* the wmpFwaTiLlHy; of sthti<iticaJ d a t a from income t i n
corporations arc summnriacd OD P D . Zll-'i'iT. Th« clossifiuatiun cf returns into those "with net income" and
"wirh no n^t incoiM*" is hsscd vn thp not intnTnc for ^ncromo tax rnm-piitation for ipas-sn and on net income
fnr exeeag-pcuflts tax Mmrutatioa for 19S7, "Xct mccmo" or "deficit" ropnssonts the amount for income
;ax: pomputatt^n -tor 1S2K-3S and the ummmt for excess-ptro£t3 tax computation for 1^3(5 axurl 1037,
' Includestfet.irmsjf>f inactive cnriinratirms.
* For 1928 "ffifisa Incftm?" cdrreipflnris tn "total IIICOTIIC"1 as reported on the return plus "cost of. goods
gold." Forf 1028^31 "Gross LnCHiue1" cocrespouds t<i "total incomr" as report-ed oa the return pliia "cost ot
£IVH]|5 sol(1' and. -negfttlve ftems ftf incrtme. For 183^-37, •"FTOSS income" eomesponils tr> "total income"
plus "eust ttf goods soki," "mis-t of QS>erftUoTiB*' and negative item'! of income. Taxable interest on Govern*
meat oblipfctloDj is excluded from "gross Income" for L92S-35 (pross income for 19M and 1935 is adjusted to
flKdliHlC! thiKltem) and is Included in "gross Income" tor 1636 and 1937.
' For 19S6 consists ol income tax reported on returns wi^h fignpl J-CRT pnded Jqly thrnu^h N"nvember 1936
(and returns with part year which bepan in 1CS5), eradust-od normal tns. surfaw oa Qn<lLvi<ie€ profits and
flat normal tax for corporations n»t sutjeet to thft Rra<matftrt mtos, Hiportefl on rftturnsfilrMifor the calendar
>ioar lO3fl atitl (or fiscal or part years onded Jn the period January throuffb Juac 1037, Fur 16(17, consists of
aradtiRtea normal ta^. surtax OH undistributed profits, and flat normal t a i for cnrrwatlom i ^ t suhjett ta
the graduated THI.BS .
' The exdess-piviflts t*i for 1B3B 'heca.tne effectl-we June 30, Ifli33, under the tas proTisImw of the National
Industrial Recovery Act. Fur 1034 and 1935, Includes &sm&il amount of eiress profits tax which appears tm
returns with no net Income lot Income t«K purposes because- the credit for interest rowlvfyi on ccrttiin ohtifffitkinsnf the United Stnf.es and its i-nstrurnentalltlea, which is allovrad asaiust. net income in the c o m p u t e
tfon of the income tas, is not allowed against net incnnif io th? cnTnpntatLftn f>rthft eswjjs-ppoflta tftr- (See
Sit, 1 !d), Treasury "Dwision 44S9. "Eeguiatltins relating to «s«tss-proflts tax imposed b y s e c 703 of th«
Revenue Act *f 1934.")
•Revised. For revised fleures for 1928, aco Statistics of Income for 1930, v- 23S;forrevised flK«t«$ for IGSftt
se* Siatistirs ot Income for 1931, pp. 32 and 33: and for revised fignnes far 190a, see Statistics of Income Tor
Ifl33
3r
t
^
"food and lrtndred products" prior t o 1S133.
8
"Olnthfup and ttpiKirEl" ineludori in "textiles and their •products" prior to I93fi.
> "Prtrole^m and other mineral nil neddntts" Intfiided Jn "ctiem!cnls ami ftlHed products'' prior to ISJ38*
i* "Motor voTiielfls, enmi)!M.ii or parts" included Jti "metal and Us products" prior to 1^30.
146
STATISTICS OF INCOME
TABLE 8.—Corporations,
19$S—$7, hy returns vriih net income onii 'with no net
income,1 far the Uniled States and by States and Territories: Number 0/ reform,
gross income, net income ar deficit, income tax, excess-profits tax, and total tax
[Money fl(far*S in thotuand* of dollar*]
[For text tiffining certain Iteinaand detgcrthfrig returns Intituled, see jip- 1-4J
Total
number
Year
of returns '
Returns with [no set
income
Returns with net income 1
Gross
income 3
KlTTH-
ber
In come
Ttfet Income 1
taxi
Excessprofits
tax •
Total
Mum-
Gross
income *
iea| soi
30.387, T17
4ft, 500, 564
jV.,4rt4, 204
40, 37B, 776
3fl, S90, 055
Deficit"
UNITED STATES
l
1938...
L929 . . .
1030 . .
1931...
1032
L033...
1034...
1035...
103 ft
4»!>,892
309,435
518. 731
5X8.40*
5£IH,fi3S
604.080
5S»,SHk
533.631
53ft, 779
529,007
W8, 78J
2(19, 4SO
231, 42ft
175, 80S
82, MA
109,78*
145 101
164 231
203, lfil
102,028
• 127, 3fl9\ fl2£| 10, 617, 741
129. 033,702-11, 653,880
*S& 561,405' <%42S, &13
521051,035: 3,683,338
air7<ft,9«3, 2,153,113
4t, 752.3M 2,935,672
6% 930v 954 *, 27f>, ] 97
77,441,508: 5,161,723
1*4, 7«3, 755 9,478,241
103,989, 095 % 634, 837
1,1S4, 142
1,193; 43fi
711.704
398,994* 285, 576
413,09338S. 376
710, 15&
1, Ifi9, Tfifi
1,232,837
I, 1S4,142
1, 193,438
711,704
398.9M
• 285, 579
fl,97fl
4.23.069
7, R73. 59rt. 04^
S4.009 735,125
?1,fil3 J, 191,373
43, SS6 1, 270,172
•34),<tlft
283,8Gfl
3fiO, 23ft
357,0E1
324.703
313.882
27?. «9f>
2*^,810
3.^1,134
2,914,1 Si
4, S77, .WS
fi, S7(i, 913
7,7GK. S87
6, 533, 33ft
O&l,r>37
;
3fi,4M, K4 3,4fi8,774
27.514, 178 2,16-2, 024
33^977,081 2,280, 8M
ALABAMA
1023.
1020.
19M.
1031.
19S2.
1093_
10S7...
4,
<!••)!.
4,173
4,477
4,299
4,OfiS
3,827
3,797
2>310
1 772
1,380
a. 117
l h filS
1,542
a,S72
ear
Old
lr29Fi
500, 371
454,080
24&, 92T
134,244
SO, «83
lTSt 190
341,750
2JH, ISS
427,,'J*S
463,431
3.061
31,251
26,089
13, M^
C,OJ«
3,200
S.140
111,640
11,121
25,201
25,533
l,04
412
3*7
1,10S
1,604
1. S30
3,707
4,432
1,0+?
412
3,370
84
1,189
es
291
3,fl3S
4,753
1,<W7
1,751
ir,
id
SL
40
18
24
S2
B7
161, 097
176. 391
276, 462
244, SOI
533, (J7ft
WO, 533
1 HI 338
215, 737
131, Mft
133,143
10, 519
1C. 472
SB, 03)
2, 1S9
407
352
44j!
ftS
S6, sea
21.503
IS, 497
IS, 781
873fl
7,557
ALASKA
94
100
1928..
1930,.
1931
1933.,,
1935""
1936,_
1937...
IS1
165
170
303
217
n
7,4HB
3,616
0, 2f«
42
SO
02
4,214
<J 4SJ
7,fll4
9,*41
10, £13
F4?
937
fV03
333
261
337
55«
9W
&ie
1,2B7
4(1
46
7«
113
LSB
to
6
6
11
13
•
637
374
373
390
376
SB
3,483
2,770
2,7W
3, ]0S
3, 323
3, 158
4,610
4 an
510
£«"'
i^»
lO7,4afi|
9,443
6. 11(1
113
131
1313
ARIZONA
102S...
1029.__
1030
1081
1032 . .
1033...
1034...
1035...
103C,,,
1937...
.73*
822
!932
«os
77S
,ft74
,586
Ron
317
339
554
]2fl, gin
19lH 633
ftfl, 571
10, R72
S0, 77ft
CO, 753
Sfl, fi'SO
1S5, (MS
18,002
4, 7.rfl
2,522
1,110
3.370
4.401
6, 47S
1, 732
421
1»4
i no
IBS
451
l!04
1,039
ltn
ion
21
57
£1
IAS
47'i
642
8S1
1,130
307
OS!
809
774
74, 3.W1
9,771
flft, (572! 14, 970
S2,2ttl
11,SBS
42,(!SS' 11,751
37 34)!2
5^ 1S5
4l| 2W
5, 727
33,71ft
3,044
43,27ft
2,791
ARKANSAS
1938...
1B37...
For footnotes, see p . I5S.
1,573
2.451
STL . .
303
231
S45
825
i>7B
1,7LB
1,873
2S
34
47
112
137
1,573
1,461
•VI
SOS
231
R73
8H)
1,02.1
1,H3<J
2,010
i,sn«
1,415
I, fi7!l
1.1W1
1, S3fi
1,324
1,051
1, 111
lfia.-yiL'
Ji2, 131
HI), S4fi
75, 935,
14, ,"379
R, 040
6.S76
3,316
3,471
147
STATISTICS OF INCOME
BTJH 8.— Corporations, 1Q2S-S7, hy returns with net income and with no net
income,1 for the United Slates and by States and Territories: Number of returnsT
gross income, net -i-nco-me or deficit, income taxt excess-profits tax, and total tone—
CcnitinutscI
Y*ar
Total
number
of rein CDS s
Returns with no net
income >
Returns with net IncomeJ
Number
Gross.
inCJUM! *
N«t Income '
Income
Exoes^proflts
Total
tax
N"nm-
Gross
income *
Deficit L
CALIFOTVN'IA
1EX...
[<UJ9
1030
L931...
11332
LG33...
1GM...
1G3G"""
1837...
23,754
23,206
23,836
23. 73R
24,10©
23, TOO
25,106
LI,4Sa
11 31fl
&.SL7
7,4BJ)
4,419
5,264
7,112
24, M£>
35,120
10, 2SS
9,705
«, 110. 5 3 !
5,274. 664
3,733.015
2,441,374
1, 595. 53&.
2, 062, fi32
3h B&4. i n n
5,007.807
5,210,431'
552,289
324,584
190, 140
139, 57B
IBfi, 571
238,691
tt>\ 8(34
507, 3(58
527, 987
02, new1
52, M O ;
35, 114
2&,714
IS, 7D3
21,641
31,449
36, fi&7
60, 831
335
3S2
1.263
at}, ii4
20,714
18,701
21, &7*
31,831
37,610
ea. i i 5
9,343:
11,5381
13.&39J
lfi, SOflj
14. S7A
13,500
7i,oaa
1,507.069
2,3,13,4110
2,380,597
2,221,271
1,709, 344
1,714,30.1
1, WO, 398
1.106,627
1,2V5,45O
147, &?q
263,767
395,716
M79SS
200,275
3«4,8(»
36S.S9S
17,103
21.1156
2S,TX1
40.302
42,849
33,471
24,175
COI.OHADO
1929
1930...
1931...
1932...
IMS...
1934...
1935
1B36...
1937—
1923...
L929...
1930...
IO81__.
1952...
LM3...
19S4...
1937...
T.134
7.31T
7! 205
6,705
6,854
6, G6C
6,4ea
6,071
7,105
7,529
7 £5fi
8^074
S.^TO
3,521
<051
9, 219
9, 3B3
3,342
3,311
2,941
% 359
SSO
V, 09S
1, ejo
1,854
2h3A0
2,030
4,30?
3,155
1,381
1,991
2,385
2,70S
3,407
3,33ft
738,303
146, CIS
284.298
101, MCI
296,951
385,3C*
440,518
e n , 121
572, SW
2, [121,310
1,S», 177
851,783
462,684
Bfl3H41
1,226.404
1,626,6M
18H233
30,043
lfi,442
14, 2fl3
25,S25
32,985
38,338
fit>, 733
56,590
6,100
6,064
S,090
1,?8«
1,775
3,567
4, S3S
5,271
S.C44
7,394-
177, 471
19G, 914
84, 9 U
58, S10
35, 344
50,90S
18, 57ft
20.7S2
9, 170
W.436
14 3-, 740
1% 434
19.BS5
141. ise
8,10a
1,775
1,351
3,851
3.001
3,012
3,001
333,981
ais, tie?
2M ™
39,423
14, 54S
s, gas
5,573
8, 811
13,O?7
;
is;a&5
37, 18A
3991&
471
563
811
1,003
1,341
1,350
1,3W
1,538
1,IM
1,174
105,179
175, 493
278 b 871
8J3, 073
03fl FtQ1!
tir^, ^44
ft?O, S10
S57, 074
114, 951
134,477
5,460
S22
372
2[ 119
2,064
1, 962
3,194
1,081
1,500
1,554
10^795
83,083
321, 33&
»J3735
J3,735
2*7. 8*1
211,193:
221,222
230, 133
2315, BS3
247, TCi
7ft
103
310
393
281,672
19,363
22, 109
10,570
20,7S2
9.170
6,399
4, 753.
7, 131 i
7[{]C9
150
383
735
io. us
20,033
22,275
DELAWARE
1923...
1929.__
1930...
193L...
isaa
..
L934.__
1035,..
1937..-
1,705
1,95\
J,»51
l.iSfifl
2.WG4
^mfi
2,572
2.SKS
3,£B4
3,177
934
l f 03S
RSS
6?4
445
472
706
BS3
1,598
1^605
189,783
272,455
125, 212
76,198
, 3 1 a
1 f ft74,fl32
1, 477, 4H8
(i79,Qfl2
5693
530,692
7Wl.)4&
873.^35
1. 4fl3,2fi2
1, 681, 256
1
49I>, 945
531,038
22.067
29.123
14.548
3,939
5,57a
S. CSS
7,
39,244.
123
115
5S3
275
374
M.17S
46S25
93,408
100,758
VB42S
48,577
77^547
23,064
DISTIIIOT OF COLOMBIA
1923...
1929...
1930...
1931...
1932. „
lft*J...
193i.._
1S3S...
L936...
1937_^
2, 329
31317
2,373
3.44A
2,593
2,818
^847
1.125
1, HIS
1,1S4
l r 0fi7
K6
«63
918
t,1IM
1,333
I,2IQ
Par footnotes, see P-
h3fi5
7 h46«l
472,
2S3,
17*, 431,
219, 8101
80S, (WOn
37.5,
4r,i, 802
4S3, atui
30.330
22,376
1+, 940
13,914
22.3TJ
27,023
46,387
42,105
6,423
5,460
3,386
2,419
S.0B4
1,048
3, 14,1
3,713
5,817
5,313
U
49;
130
113
101
1.3W
6,930
5,414
1, are1.403
10,237
15,135
2^,135
52.59S
29, &73
22,199
13,705
148
STATISTICS OF
TABLE 8.—
Corporation*, 1988-87, by rtdums with net income and with no net
income,1 for the United StaUs and by JStaUs and Territories: Number of returns,
gross income, net incvme or deficit, income tax, exceSi^profiis t&xt and tolal tax—
Continued
\Money figures in thousands of dollars]
Yea*
her
•oi returns1
BetuTDs uitli ao net
income •<
Returns with uel income'
Total
If umber
aposa
income *
Eaceas-
Net income i
t&X'
Total
tax
Num-
Deficit i
FLOKIDA
192S...
1929...
]US3
1V93
19M___
1*35 . .
1936...
1937...
11,263
11, 1L9
11^1)23
9,853
9,203
9, CM
0^803
&, 8 HO
&, 7SO
1933...
s,fiao
1930TI!
1931...
1B33...
1933 _ „
6,678
^567
5,300
5,553,
5,900
5,330
5,721
193311'
1936...
1M7..
5, flOO
3,489
3,064
1, 204
1, ML
2,532
2, (J51
3,45ft
3 , 40&
352, 552
3S5, 211
323; e n
229; S90
1HS&8
27,^04
369, Sid
533, Dfil
.535, 651
22, l«5
40, 840
40,296
2,276
2 210
1,678
20,522]
S>OB
fl, 181'
8h471
7fi*
I, 1RI
IS
s, iR.s
3,039
4.(381
4,904
173
27*
347
Si
2*27*1
2 210
1,676
900
784
1, ZOO
3,34*
3,212
5i 177
4 778
4, 769
5,073
O, L i l l
207, fi&t
30S, 2M
337,302
4.023
an, aas
24,105
23.355
2S7. 331
293,278
427,355
3
336, 005
;
228,405
IS,.WO
2tl,«6
39,300
41,109
33.440
53,35(1
22,63%
5,351
316, sen
ITS, 537,
2SHr 47J
£00,400
2*30:
O3.3
77,571
5S,228
44.546
5,SM
875,5B4
8A
3. 3S0
2.G81
l f 0«O
lt033
1,S2B
2. 277
E 381
^,
2*4,
234,
363,367
m , 017
3,636
lBh7W
1 1 . (MM
230,351)
HAWAII
193& .
1039
1930..
3*..
19-33..
1934_.
1035..
393B-.
666
780
455
448.
413
2sw;
01,062
156, S&8
17fi,32"
227,J 50
aai, Tat
sen
339
TOI
S71
SIS
G33
535
ana1
5.853
3,046
2,(543
447
1 OKI
2,680
2,381
4, S52
7,675
39.513
zno9
31.236
47, 42]
41,310
1,001
l,O54
128, 777
ft, frl^
«es
5+1.223
4, ft.5fi)
447
66.
53
J4O
2.3WJ
4, HSU
SS8
SOI
339
346
413
302
313
253
,
2f,, 577
42. 30*
53,942
J lift, 215,
50, HI 2
4fl,fifin'
21,900;
2,«95
4,7ft?
S.^2^
17.380
7$
1,930
IDAHO
1929
1929._.
1990...
1831...
1S32...
3.352
1934™
JH35...
2,500
H, .W«
2.S.W
2,2^5
2.270
2. ZS9
L937"ir
aiio
4.1)43
s!rao
40£
22fi
177
280
502
10^373
1,323
] 2flfj
279
470
42,W57
fi9, 703
84.461
122; ftiS
122.328
053
730
694
S3(>
SO*
SI
177
i'd2%
1.P78
si
74
181
£21
W7
1,337
1.7SC
Sft.413
50.301
73,898
6.839
4, CM
&S 949
13'0*3
&, IBS
Mis
17i 137
4,715
V ?O7
2.946
2,160
ILLINOIS
14,, OIM,
TAQ. 1, 103. 047
O , MO;
E88. 684
0, 617. 1«S
263.fil4
131,9rjfJ
3, SfiS, Sfi4
5, 337, SWO
220, ore:
7, 44B, StfSO
11,910,172
11.405, S2O
For footnotes, see p.
4B1.IMS3:
T9S, 0t7!
730,«47|
] I -i, 222
UM33,
lift,
3fl
, 3
SO, 733
50,791
113, T41
117,476
?, R23
2, l(i3, (ma
10,370 '•3, IS I ^fiS.
4,801, til tf
fi, 4f>5, ft22i
6,825, &r*
24, 144 S, 7M, Oflfi
3,869,
533
21,73!
si.&ao,
us! oca
3, 5 «
i? h rft2
18,GOT
179,
21«,fi42
107. 150
QiZ 842
^20. 166
548. 081
44S.4&3
33*. 000
302.303
307,51*
149
STATISTICS 0"F TKOOME
-8.—Oorporationnt 1928--3?', by returns with net income and with no net
income,1 for tke Untied States and by States and Territories: Number of returns,
gross income, Tiel iTicome, or deficit, income tax, excess-projite tax, and total tax—
Continued
[ M o n e y flffuros i n t*ioa&an*» *>f d o i t o n ]
Returns irith 1n o net
iDccmo
Kc turns w i t h net LuGoine *
Total
lilllll-
her
of returns *
Kuraber
Gross
Income *
Income
tax'
X u t income i
Excess*
profitstax'
Total
tRT
Number
Gross
income *
DeOdt i
INDIANA
192*.._
1929...
1930...
11,703
11.7S9
11. MS
li. ass11. MS)
n , 77a;
12,802.
1,708,371
60&537
292,.-KM,
iri&i*
4,395
1,063,
2,797
IttU...
1937.,.
3 r 10H
flO.
82,
12, 515
13. .Ml.
12.312
11,980
1 1 , WHO!
71. 4fi7
30. 3fiS
8P 27S-
n, :wa.
IS, W!Wl;!
IS, 613
I,U£-S, SWi
183
210
720
538
SS5
4,888
a* ins
5.264
8,485
12.102
19,558
19,268
3,705
s, ima
fi,23fi
& 322
7,423
6,9SS
(3.431
5,442
S.74&
480,611
507,ft*a
4M, 90S
334, 4F»S
7U.0M
B3.S07
J20, ^ 4
71.161
at, sat
42.073
23,926
30,332
IOWA
1928...
L«29._.
1030. I93t...
IG32___
toea.,.
1S34...
1835 „
16311...
1937...
S,ft43
9, llli
D, JJB
9,351)
&.1S1
&.0H
8, flftO
7 t ftI0
4,O8l
5, 1CW
4,65S
3,5^7
1,37"
1,087
2,ftH
2.S44
3, M t
3,255
1.0SS, 127
i, oae, 544
935, 200
548,375
286,327
415. 55*
«0M
219, fifiB
361,779
337,fl32
109,073
3fiO, 172
2.^,413
232, 770
2-ia, 7&S
199,675
3S3, SO7
65, SIO
BS04d
46 433
lfil, 5&U
2O43«
flrt.170
57, 714
23.S9O
IS, « S
21,401
KANSAS
1B30...
W«.
1902.
11*33.
1935 _
Iflfle,
1S37.
5, 22*-5,192
5, 3OS
i997
4, ftf3
4|«3T;
10^127
710, BOa
460, 710
288, 754
205,823
490,750
431.501
678,084
SOS, 917
2,111
1,064
1,175
1,674:
2J312!
2.057J
at.
74, 22s
321
32.430
J 2,100
13. 9S2
8,341
9,435
1.RJ9
12, ICO
S,34I
3,435
Si 2(8
20>K)
42; (174
2S.7J5O
2,811
a, 541
3,O0fl
fl9
114
2,900
ft. MS
4,164
1,531
]7S, 640
2,050
373, 2UJ
2S1,4^
239, 6S4
294fl73
216, 757
2S2, JM4
216,
3,453
3,131
2,829
2JM2
] 0,460
12.7GS
29,353
2^
21.944
22,370
12, n a
10,462
KENTUCKY
1928.
1929.
1930.
1931.
193S.
lflM.
5^70
B 1W
5,103
5.290
3, 4JIT
3,310!
S, 7671
021, IS 2
2, IAS'
1,079
207,715
226ft«
7B, 154
77,305
14, 4fiK
SI 093
J!SSC.
A, 1SR
4, M
3, M7,
1929...
1930...
1931 „ .
1SS2...
6, 072
a, 3i4,
6,440
0. 597'
i, &7o
1935...
1936...
1Q37
S, 995
3,590
6, M l
6^332!
3,370
3! 424
3,903
2,415
1,197
1,002
2,012
2,325
2,803
2,889
730, 190
947hfi3?
907,095
43,080
«7. 875
50,820
1,040,909
865.601
«a22i
53.64S
33, 217
33,234
14,929
21, 130
31,487
35,623
1
8, 172
7,748!..
3,962.
hSi3
1,873
3,310
110
fih047|
100
0,4191
173
10, 2Bfl
2B7
8,400
401
7,7«
1.S43
i,8?a
3,420
M47
fl^JW2
10 SH7
S»S1O
^7fl6
3.68S
3,141
2,(5(51
2.215
2,392
277,027
433, 143
337,561
245,309
367, (HO
1R7, fi»7
137, S4f!
&33*S
6,1:22
<&S0
3 . 0*6
2,132
2,242
2,fifil
3,4.44}
4. RSI
4,315
4,144
3,?S4
3,113
3,09fij
330,902
515,634
4-0, Sfifi
399, 762
237,603
2S3, 134
27S16O3
162,925
225,369
lfi, 3SS
74,305
40,242
34,001
m 78
13.342
11,1G5
LOUISIANA.
For footnutcB, see p.
419, My
243,719
384, 601
627, 4S2
•620,077
S9S 472
35^373
62, 7J5O
S7.SS0
6,132
4,QSD
3,0Sfi
2; t s o
JI,7&rS
28EO
4,357
4^3
8,047
B, 197
BK
3l3i
300
456
2, !50
1,7«6
2, SHJ3
4,4S5
5,230
Sv347
0,653
27,355
32,19s
5i, se
SO. S75
30, M5
48257
150
STATISTICS OF INCOME
TABLE 8.—Corporations,
1938-37, by returns wiih net income and mth no net
income,1 for the United States and by States and Territories: Number of returns,
gross ijicome, net income or deficit, income tax, excess-profits tax, and total tax—
Continued
[Money figures in thousands of dollars]
Year
Returns with no net
IncomeJ
Returns -with net income ]
Total
T*r
of retutus >
Num"ber
Gross
Income *
Wut income i
Income
tax*
Exossspronts
tax'
Total
tax
Number
Gross
income • Deficit"
MAINE
2,092
2,095
1,889
lfifiS...
102fi
rntn
IIMtl
1933IIJ
1033...
1634...
1036
1036
1*37—
3,64-1
3.720
3.789
3,SS4
3*771
3.771
3.807
1 S312
3, Bid
3.7S7
1928...
1820 . .
103O. 1S31...
1S33 - .
5,070
6,169
5 93?
5,64.1
fi, 156
6,3)3
6,14(1
494,436
487,657
330,332
210, 202
'713
34.815
35,879
24,232
13,3flS
7,924
Jfl3| *3l
liOS^
1, 111
1,358
1,312
1BX,4O9
319, 362
267, 612
312; 183
12, 633
13,410
22,357
24,495
3,70S
,1, 432
£ 4KH3
L304
1,034
1,368
1,743
1 843
2,753
3,16fi
22
27
67
35
70
3.432
2,406
1,304
1,064
1.380
1.7M
1,010
2.32S
3,236
1 irt
i!iao
1,478
1, ftoa
2; 614
2,454
2,313
2,336
3,033
2,040
124,602
141,41(1
265, ISO
270,670
238,515
1S9iO82
181, 155
17£>297
130, 1H
202,044
2,067
2,113
2.47B
^932
4,102
3,838
3,735
3,6B3
2.971
2,975
2S.S23
2SB.M7I
2T«,43O
30.010
A7.S0B
42fl, 101
7191 472' 101.813
703,1M 135,243
677,56fl 102 824
£C3,3tifi
70,417
600. 3S7
7iU32
Sfi5, 7SS
32.M0
532, 737
3ft, 7^S
8.374
30,-92
28,487
49, 718
38.067
21.097
16.949
11,317
13,862
MARYLAND
J034.i!
19361! I
1837...
3,144
3,334
2.77P
2. 255
1,300
1,653
2,167
2,354
4212
2,H9
152R.
11)20
]9301031.
1S32.
13,BG)
10.101
20,070
Ifl, 07S
20.010
I0.26T,
10. 3S3
ft, BIO
(1,737
» h 470
1B34..
10M..
1036..
1087..
2?)20G
£l 60S
22.047
22,648
«,1S3
7,027
E.7M
S.0M
T, SrfU
2, 348. 605
2, 506. BS6
S, 114,M^
1,529,231
I l^fl &?f
1,360,465
783,415
1.127, 673
1.134, 480
13,
8,736
7,712
M.943
M,80S
134, 717
122rSIB
,
7,008
H,274
15. OSS
BO
225!
"36
712,
7391
143
301'
sngj
544!
MASSACHUSETTS
4. B47
5, 73B, ifiO
s'/isiUsi
1,616, 238
2, 4G2, fl2S
2, SS7, 615
3, 2B8i AlOi
4,327, 6Wi:
4, 06Q, 4B3
412,
444.
249,
170.
IDS,
177,
177,
223,
3*0.
280.
45,923!
7,501
41. 620 j
37,837
lft S46
45,923;.
14.6201.
18,985;.
J4.2I7'24,779,
24.3SS;
30,080
43, 101
S72tti
SIB
1,124.
R37
1.3S0
14,217
25,230
13.720
147.014
4.633 1TO.760
2,729,715
2 r 410,171) 337.204
2,231,031
1,010. BUT- 226.701
81,810 13.S21
43.15SK I 11.957
38,515
13,101
MTOHIQAW
IB2S.-.
IMl .
1933.-.
ISJStl.
1BS6...
1036-.19S7...
14.920
IS, 543
15. ?5S
15,287
14 451
14pf9ft
35,582
:e 7 I B S
9,655
6,631
6. MS
4,563
2,063
3. 141
4. 742|
.•i.«e
6,860
4. 654,
. SSO
4. SIS, S23
7, Hfi,fil0
£,508,390
£20384
76E.43S
SS9. 342
2K9,140
54.022
1JB.627
282532
Me, 52ft
720,735 1
6S0.228
S5.310
71.B28
43.K5FI
27,123
7.219
25.110
62. 772
107r357
] 05. 248
SS.310
71,658
«,B6S
27, 123
7, 2IS»
25,204
SO, 187
325
fi> 143 6S, SI1)
1,&GL 109, L5S
1,084 107, 232,
. P
5, 4-ja
S.063
92
11, 247
9,W7
9.
7,13]
7,717
1, 325,147
r 044
1,106,237
],7J6,SW 318, 628
2,036,296 193,
2,224.772 372. 4S0
1,300, 356;
850,993;
719,647I
774,621!
S75, 69a
MINNESOTA
1928^.
192S.
1930..
1&Z2!!
1933 .
1935...
11,432
11,476
11.4O331,199
30,793
31.293
6,316
5. 401j
III 133
1U,637
4,520'
4,1H:
2,030
2.373
2.544.W9
2, 30ar 98(t
1,857, flO6
155.037!
146, 6R9
87, 550,
ioe3o™
siinai
2,090.451
3,820,446
SM p .
123. 540
105.687,
17.091
14,fi97
9. 225
6,091
4, laa
6,2*4
S.236
9.3SH
14, W4
14,568
n
1^1
310
417
eo7
37.091
J4.B97
9.225
£.fi9L
4,369
a. 3i>i
8, 3S7
a«es
35,241
IB, 17*
h
4.435
5.4E7!
7,513'
e. 41-1 <
5,«47
4.937
477, & 1*
m, 989
BS1.175
3G7.O4G
6M.239
(t7C,B*7
floe.esfi
500, 172
h
139
00.
FM1
106. 430
143. 034
103, 6JM
9I.
151
STATISTICS OF
TABLE 8.—Corporations,
1938-37, by returns with net income and with no net
income,1 for the United States and by States and Territories; Number of returns,
gross income, net income or deficit, income tax, excess-profits tax, <xnd total lax—
Continued
[ M o o e y Dgurea I n Lbonuands o f dollars]
Year
Total
dumber
of retains1
Returns with DO net
income i
Returns with net income <
t»r
dross
income
s
Income
tax <
Net in*
came 1
Eioesspraflts
tits*
Total
tax
Number
Gross
Income
MISSISSIPPI
1B2S.
1029.._
1930-.1B31...
1832...
JS38...
IBS*. __
1C3(
lQiHi
1537.-
2,432
1928...
L929...
O30
1931...
1935
L&33 . .
L934...
1935
16,751
17,233
17,105
16 7fir
10,373
15,1504
16,835
16 $0(1
15,467
1*5, 1E7
J»7...
2,601
2, Cflfl
2,443
2,337
K.33S
2,374
2,^72
1,483
1,403
1,044
7S2
307
644
WJ5
910
£57,632
2«fiai
143.
62,090
25,779
71,080
HP. TOT
13% 141
l.oes
12,700
13,737
i, *ia
m
267
133
301
1,128
2eM
4.670
0
S37
J,65fl
1,605
i , j$7
12,447
9,137
9,146
7,411
5,733
S, 140
4,1111
1B79
f>,30.5
B 4B6
6,884
3,724,876
3, 79S, 2&B
2, 574, 540
1,452,335
B8S, 399
1, 478,323
2,018, 558
3,064,4M]
2. SSI, 100
£,678,352
12
23
42
144
i,m.1
ea2
sea
1,85-1
1,325;
1, 29©
l r 6-3S
27,953
266,781
£62,695
t44fl
13,706
19,691
IS, 431
30. MS
32,336
1.461
i,7r*'
ioiai
60,317
9S r 35L
13B, 533
111,823
100,«16
81,179
&£h2O6
68.018
6,778
7r73S
14.355
!£,10S
10,731
s,sn
4.01«
£.843
3,711
] 7* 748
1C, 6 / 2
78,534
100,036
14S, £91
134,044
222,804
217, 784J
7S0
1,066
1,13L
512
2fi7
133
403
S.W
1,275,416
1,673,334
10* 672
186
811
1,270
n',M7
18,833
31, 719
33,006
9J51
135, £37
B7B, Ol fi 1511477
039,236 132,843
1,134,064 125,280
70,446
04,701
MONTANA
192S.
1929.
1930.
1931.
1037.,.
a, 708
3,585
3,S50
3.201
3,044
2, &7S
2,822
2,632,
1,63a
1,822
1,410
1,099,
520
630
037
1,053
1, 04S
939
213,1£»'
190,321'
lift, ISO
"8,928
53,9S&
50,459
]lfl, 143
ISO, 730
3.0GO
2,069
2,708
a,071:
S58'
ISO
379;
053,414
646,617
515,094
E03, 124
133,9C7
216,265
3*2,06S
334,
473, ITS
433, 4S5
14, G43
B42
a, aw
1,048
2,036
5,520!
S, 622
10,tiO9J
8,745
1,249
U41
379
251
121
279
75G
1,070
121
280
l|729
2, iftf
1,038
1,240
1,486
1.211
1^254
1,43*
1,4^
46j MS
47,S8(i
n, an
US. 003
VI, 612
£9,639
46,340
50,310
£Q,960
00,483
6.770
0C20
17,489
ll,7O0
7,505
a, 047
5,632
4,464
48W
NEBRASKA
1028...
10Sfl___
1930...
4,725
ioai.__
1032___
1933...
Ift34___
l»3fi___
1S3G...
4,473
4, 611f
4,494
4,394
4, fill
1028
l,02f
1.033
1,03?
2,682
2,fiB2
2,043
1,087
04S
l,3«0
2,737
2,W8
4,624
309
2,892
2,043
1,087
54
126
106
1,37S
2,791
2,253
4,750
4,025
153,126
1,312
1,705
2,355
3,308
aloM
2,319
1S0.54S
£M,Sfi4
23ft, 421
168,021
119.615
163, 445
10,356
1T.306
,
21,106
27,803
21,783
17,823
12,060
10,756
11,815
ffUVADA
1M0...
1931...
1932...
1933...
1934..
1935...
oar
|
3.13
351
ano
301
IDS
J06
227
299
J937™
For footnotes, see p .
SSs!248
J33.3.'57'
222, D17
JS4.0J3
*!«-
B71
BBS
6,462
SM
953
a! 403
3,213
11, 7SD
P71
13
754
fiBfl
066
17
45
459
1,039
13
281
SIS,
401
410
474
397
10, OW
34^508
19,460
26,226
26,332
241 710
18, 426
4«B
4 33Q
5 S4B
4,777
6,021
15, B92
3,053
2,007
152
STATISTICS OF INCOME
TABLE 8,—Corpora twits, 1988-•$?, by returns with net income and with no net
income,* far the United States and by States and Territories: Number- of returns,
gross income, net income or deficit, income, tax, excesn-profita lax, and total tax—
Continued
[Master figures in thousands of dollars]
Year
Total
number
of returns*
Returns with no net
income i
Returns with net income L
Number
OroH
income 3
Net income, i
Income
tax '
Esoessprofits
Total
tax
Number
Gross
Income'
L>eflcit i
HAMPSHIRE
102*...
1930.-.
1932...
1B3S.-1634...
1837!"
1,322
1,349
1,390
1J333
1,412
1,172
1,464
1,447
1,429
113,633
767
11,398
SOS
113.734]
1,456
73, rSfi!
4. 16ft
47,479
J, 151
75,778 ft, 00ft
105,102:
7,7W
iiB r 3«r
7,074
150,002
10,716
179,042
I3i4(17
1
707
587
400
533
634
624
i iea
l.iir
720
3fi2
277
fiSfl
1,481)
13
B
26
40
97
1,108
1, 117
720
362
277
702
1.074
1,901
1,538
1, 910
4G0
477
621
(587
41,171
45,690
24,076
Id.
J4,037
17, M»
23. 171
25,242
41,941
37,950
7,6ft,1)
B. 408
10, 711
13,515
17,965
415
943
S65
879
777
759
Sti,241
5H. 07E
So! (i75
72,788
73! 140
70,423
11,10*
4,782
11,«7
8,733
10. 573"
7,48$
6,141
6,009
3.4114
NEW JERSEY
192S_
1029.
1990.
1931
1032.
1953,
1034
193fp.
1336.
20.500
21,385
22,489
22,967
23,27&
3B, 902
25.383
11. 310
11.C4&
& &4fl
S, 449
3,128
3,^99
4,747
ttt.647
27, 481
riiss
7,091
3,tT,8fi
a V48. teo
2, <tM, 6?2
1,745^271
0W filS
1,23^743
1,785,940
3. OH. 271
2, 73D, BB2
3,331,563
37«,347
444,885
1J7[ 129
lflfi.,««
125,45fl
16/, 161
180, 725
373,420;
364,245.
41,171
45,090
24,075
13,Hia
14.037
17,39i
23,03(5
24,533
* l , B3fi
37,136
374
405
7H2, 4«7
ISO, 740
1,794.139
1,776,135
441, 477
359, 8S5
315, 346
17,'356
1,31R,4H4
1,43^600
175, 3S2
2S2
300
430
17, 357
17,762
27, 210
39. ]fSO
32,497
3D, 541
30.127
19, HE
14.2L2
IS, 637
2,331
2, B27
3,238
4,0&
4,535
3,439
2, 568
1,840
1,472
1,314
\£. 101
r
MEXICO
teas. .
1929.
lOU).,
lesi
1333...
1«8S...
1985...
1930,-.
1937.-,
1929,.,
1920..1930...
Ifl31
1933...
1033--.
1*34. „
1D3S...
1936...
1937___
1,103
1.126
1,136
1.172
l.lfl?
1.1S2
1, 181
1,183
1.071
70,297
ee, 999
4*. 579
29.711
12, 157
24,325
41,407
4fl,&44
07,373
73,5S0
553
491
E75
188
241
347
387
466
i,oaj
103,$72
107,300
111,100
H0rfi(Il
109,931
110r43S
113,941
120 f$19
120,9S3
121, 825
4,631
4,320
2,456
1,247
412
1,117
2,059
2, 161
4,Zt7
4,075
$4,S37,63S
Mi, SOt 3*, S12,023
47,fi74 « 2T. 482, 351 2.091.540
39,271
9. 860,489 '700', 156!
15,589
8X1,080:
IS,922 13, 241, fifl?
£4,313 lfi,OS3,093
ft. S34. 7SS 1,447.030!
It 180
S 140,
140 0S2
OSS e,<$0,&6!
34, 5 « 2S,
27.611.S3S: g,S44r(Mfl
415
3,14
179
3J54
as
47
I,t4
233
2QA
500
533
6
14
17
36
43
179
03
47
100
297
An
543
57ft
738
532
450
429
J7S, 6f»2
?;MI,&
12,011.326 1.355,500
1^,194,9961.^18.459
14, lfll, 55S 2,1H5, 749
10,691,022:1,672,403
. ,
, ,
10,^5,7411 994,641
a,762.2fi2 5S 1,430
9,363,380
64S^6
367. 733
333,110
23S. 010
13.% 402
04. 739
IIP, 74»
164,073
18!), 007
201,595
334, 156
N O R T H CAROLINA
1B2J5.
1930. „
1931 . .
19331"
1934...
1936111
19fl7.._
s.eee
9 , &7O
6,S02
S fSS
5,000
6, 019
0,027
6,020
3.4B2
3,009
2,161
10,770
1,22S,R3Q
1,080
2,049
2, J57<t
3, 780
3,202
3,145
For footnotes, saa p. 156.
' 732! 451
973.646
464,2#7
S9O.554
S49.3S4
341,677
104.3U
73,172
7i, 19a
3A87
54,459,
70|243i
103,R21
105,505'
1
770'
£.334
9^015
9,657
1E4
110
233
.148
,.Wl.
81 ft
1.011
1, 733
3,803
4,241
3,200
2.S74
2,51a
2, 57S
298,031
471,22;
381, 167
34K,791
215,405
272, Tfil
3(16, 932
ITS, S74
214,545
30,784
25,344
3!iSE9
,
4ft 107
51, 134
22,307
26,202
22,114
8,464
S7S5
153
STATISTICS OF IK COME
TABLE S.—
Corporations, 19B8-S7, by reiurns with net income and with, no net
iTuwmt.,1 for Ike United Statex and by Slatex and Territories: Number of returns,
gross income, net income or deficit, income tax, excess-profits tax, and total tax—
Continued
[Money figures in thousands of dollars]
Year
ber
of returns '
Number
income »
Comu l
1037.,,
3,528
3,425
3, 574
3. 54*
3 23G
2,93S
2,886
2,752
2,603
2.439
1,737
1,407
24, 722
25,173
14,344
14.2U9
160,6*1
121,4S7
Sfl, 44&
44.313
] IB&\
487
049
786
726
743
630
47,S45 !
66.952'
&7.840
79, 133
73.653
Exces.v
yrofits
tai*
NORTH
1928.
192*.
1930.
Return-? with no net
Income •
Returns with net Income i
Tn1.nl
IlUlii-
,53
2.V2I
l.ftSl
827
1,387
3.08*
Total
Number
Gross
income*
Deficit 1
DAKOTA
2511
321
251
102
174
102.
178,
298
14j
20
2,680
44, 3W
Hi, f&i
£2,553
33,306
337;
, 3|
1,910;
1,535!
I,4H!
1,463
1,3M
1334
74,
71.8W
33,041
IS, 22S
I*, 124
24, 71
8,942
9,515
13, 36fi
7
19,399
17.2B7
1,339,516
1,705.020
3. 704. S50
3.071. 013
?, 727. oao
14,973
13,478
83m
1,239.382
1646 5Sft
36,035!
43,903;
3,229
3,845
4, J533
0,53ft
4! 41*
4,335
3.047
^250
oaro
1931...
19381*1
1934...
1935...
lego..1937—
26,462
24, £19
215,1 !i
20,6M
26, WO
7, 557,763
7. 87».U«1
4,001,729
2,010.303
1.74B. .=ffl6
2!WnO5
fi.471
12, (
7, 2G7.93G
SS227
es?. zsi
30i; S3U!
170, 376
114, 4H1
17ft, SI 1
359, 674
324, 748
58ft, 888
A06
74, 776
71. 3W
33,041
IS, 223
IS, 124
24,323
3S, HO4
44. SAO
81,481
S 3 &
5
] , wa.
1,411;
3, J14
3
3, ZOfl, 41ft
2, 173, 22?
123,830
163.1561
U
478,597
348, f>79
200,337
S3
OKLAHOMA
1928...
1929.__
1930...
1931..
1932...
1933.__
1934...
1935...
193£
1937^1
1929'.".
1B30...
1B32.__
1933...
1934___
1935. „
I937II"
6 r 67l;
6.t44'
3,512
•3,64?
(5 fiSH-
1,717
6^0925, S"5i
flh0W);
(i 073;
1,030
I 3u<
ll834
2 Ofi3
S.Slft
2,234
•\70l|
fl.673
fi, t«13
7, 032
6.247
fl, 093
5,813
S. fi3!5
5,39C
],t)47,«l9
lOfl.747
2
at*
4M.3SS
7*5. HSJ
1^3 f3fi
1,213. 106
3.131
3, 105
2. S90
M2, 332
43(1.' 240
220,112
'779
1,058
1,427
1,702
2,023
1J7, 70C
242, BIT
327.687
4PS, 177
435.036
79,233
l K r (507
fflj|9]l
20, 21S,
27, aso
-10,070
61,361
9ft'706
29. 3SJ!
30,027
17. 010
3, IMS
5.448
9, E3S
13 h 830
H 174
fi, TBS
7,7K)
2, 171
2,177
9,765
7,730
3, 171
330
IBS
2,737
4, OH
3,941
s'.m
11,013
13,939
3.^75
a 747
in! flW
13,441
s,on
2^824
36, 26fl
203,740
£844S
33Bh547
702,726
591,717 US. S7B
fiOO, SO9
36fi3
492, #JS
6.
641, SOS
47,637
500,832
S&, 21B
S
Sl9«9
3ie h 242 ;
24,022
2,737
2.345
2.070
17
24
7T4
3.8RI
BfiO, 190
30S. 4fiS
3,2ftS
2 l i IM
200
3,490
22! 138
13,461
14,559
2, Iffl, iBfl
1,90©. 470
3,235,569
£,010,370
^OWf. IPO
3, 258, 577
a. 670, 752
3, 5IS, 1&1
2. 41(5, SOB
2. 203,165
lfil.313
1S3, 501
316,422
470, B52
Sfi7,086
•J09,019
33 S, 75S
34S.056
]5B. 1S7
IBS. 972
r
7C3
371
7E7
1,2(19
1, SCI
3. ,120
3,290
2061520
18,904
20,410
37, 4J!0
43,979
51,934
37,09!
1,517
a n , 46V
^ 77ft
PENNSYLVANIA
ifJER . .
1929 .
1080...
1931...
1B32,__
L933...
L634...
L835___
LB3fi...
1937...
2fi, 5.W
2(5,357
2T>, S77
2fi.443
2fi,S00
SS.Wfi
2S, 284
37,829
27,087
13, 370
13,880
Il,3fi4
S, 452
4, C4fi
(5,107
S, 104
3.949
10.82+
10,151
10,200,117
10,843. 235 1, 060,023
7,563.033
S65, 536
240, 231,
3,227 t 3S0
1(54,090
3,073,78(5
225,937:
3,028, 214
330,524:
*. 322.117
4, 971.903
fi74! TBsl
7, 6O.V93fi
P.052.5&3
715, 560;
Tor footnotes, sea p . JJHV.
104, OflO
112,113
64, 380
27,371
31.983
3L.554'
45, iffy
48,073
82, 4£4
S3, 3*S.
112,113
566,
4fil!
1,349
3.SG4
27,371
21,9S3
32.130
45,300
49,231
S3. 833
97.290
9, fifW
9.795
IS.
1S.1S3
t9.143
17,432
17,255
16,416
14,230
14,050
154
STATISTICS OF INCOME
8.—Corporations,
1928S7, by returns witk net income and with no net
,1 for the United States and by States, and Territories: Number of returns,
gross income, net income or dejlcii, income tax, excess-profits tax, and total tax—
Continued
[Money flffdres in thoiuafid* of dollars]
Tola]
Dumber
of re^
turns 1
Returns with no net
income1
Returns, with net income
Number
Orws
Net income i
EKO6S3few'
tax*
Total
tax
Slumber
Gross
income"
KHODE ISLAND
1937--I
2, 8712, SC4'
3,068
3, 127
3,134
3.272
3. £04
3^577
3, C9I
3,498
11330
1G311Q3S1933.1S341S3513361937-
3,817
3,759;
3,63*5
3,010
3,404
3,345
3,322
3.447
3.557
3,413
1028—
1929-1931--I
1933--]933.-1934-1935- -
es3,w
1.370
1,217
fi(52
843
947
1,071
1,310
1, 164
330, 333
1
, ,67 3
. 3
045
314,519
293,303
411,535
l,71fl
1,587
1,229
980
528,58?
si,;
33,345
18, 184
0,290
22,401
20,307
2-5,398
*>, 184
42.474
6,585
5, 504
2, 677
1, 1+7
55
a'732
84
158
442
6. 5S5
6,604
2,677
1,387
1.14?
3,143
2.SS7
1,000
1 OB7
1,450
2.327
2f2i9
5, em
6,320
18T, fllO
23 J. 893
370, «88
373, J 03
37
3,
270.
15,107
19,731
57, 7S3
55.367
6S.C12
370^
38,7*5
44S
273.
SOUTH CAROLINA
lfl. JflJ
flr231
224,943
26$
&ifl
6$ &i
376,669
41+, 7E?
430, 3:1
IS, 727
14,109
i i rM
32,920
All
1,073
1,334
1,304
i,fl«a
1,553
h
147,121
114,Bl]S
A,
3f
1,804
L.4S4
1,8W
1,45+
52S
539
453
41
S,W3
3^9
530
433
2,900
1,630
1,0(10
3,700
4,
1,775
2,031
2,244
1.794
1,508
1, «14
£24,462
IMirSeO
1G3,147
lll r 4fiG
134,764
m, 290
119,321
9 3C3
11,*SS
35.S30
18,419
30.6(18
14,064
9, 154
7,41)8
C, 292
G.8T2
iSOUTn DAKOTA
19538.__
183S —
1B30...
1931...
HI32...
1«*3..
l«34..
ltftt..
lsan..
1037,.
2^954
3h071
3,127
S, 132
3, OK
2. STB
a, an
5>fi99
2,515
2,343
1,712
l.eiw
1,514
14H323
107, »
65,09*
i,oaa1
47S
3fi,87i
M,905
74, Sfl387, 6111
69-2
TCI
653
9,230.
fl29
394
305
294
345
IIS
609i
1,004'
1, 73B
2, SOS
3,410
3,663
fi4
137
230
JC3
+20
346
US
4
10
12
3S
141
31&
44ti
357
67T
L 361
l.OOC
1,734
1,543
1,421
1 5RS
1,34S
30, 633
49, 81)9
6&OT4
43,343
*0&13
5S.W7
40, 2W
43,178
2,337
2,784
3 441
6,0M
5, SB
4,016
427i
3,145
2,332
TENNESSEE
192&...
1929-1930,-193L-1932,-1933.-1934,1335 . .
103S,
1337,..
5.213
5^33S
5 r 40i
5 31*2
5v 199
5,215
5,239
5, 359
5.212
5.073
3,O3C
3,035:'
% 4fiSl,83a
1,010
11,233
8,293
S, 156
6, 660
S, £10
2,01*2
063,45^
903,(47
570,52S
3^53" 762
22M51
414, 1 280
H!27, fKM
1,511}
l.BfiA
2,124
2,CS2
Bi35fi
SBO, 5W
828,127
59,533
33,11V
22,9'^
24,473
28,511
33, 111
G3y Bfi7
«,22S
7,03f
5.74^
S,3ft4 _ _^_
2,274
i,7no
9ft
3,371
S, 930
1457
175
339
7,^3
3S1
7,447
7,O3S
5, 744
3,3W
2,274
1,71)0
4*012
4 t 732
s,
aw
7,926
1,747
1,85?
2,Wi
3,007
3,078
3,179
2.S5S
3,814.
2,274
2,386
388,4^:
307,351
420,751
353H g43
233 !1(J
327'(ln«
Ifi 1,0fl4
233, IM
1(3,099
24, 702
44,888
45,252
42, 422
49,653
13 223.
12,422
TEXAS
1B».-.
1930,1831...
1932,1933,1*34,ja-ifi . .
193C...
1B37-.
14 t 6."i2
15,4iH
11,1.14
lilfiH
IS, SS2
1^1575
15.977
Ifi. 074
4,1-EKS
S, 3«
5,772
7,170
7,251
2,4S2,ea?
2,42ft, 43?
1,603,001
810, 75S
730,901
], 057,647
1, 3g0,776<
1,930,327
2,*!22,03;
3,242,701
For footnotes, see p .
173,980
97, (154
45. fi«l
40, flflP
67, sar
213! 131
348,041
IB, 441
IS. 103
9,739
4,311
4 ; 713\2, 721
14, 3?]
3*! 973
549
878
IS, 441
JS, 1W3
9,739
4,311
4,713
8.334
13,061
14,SW
30. 140
4,7(11
7 3O2J
10, fiOT
s!373
7,340
7,170
934,254,
1,098,435!
812,S17|
S7S. 827
94S.403
71^,347
fl.
lfta, s s i
1&2,S78
R, 413
3 726
75, 325
80,724
$4,033
155
STATISTICS OF INCOME
TABLE 8.—
Corporations t 1928-3?\ by relurns with net income and with
income,1 for the United States and by States and Territories: Number of
,
gross -income, net income or deficit, income tax, excess-pTojite taxt and total tax—
Continued
[Money figures In thousands of dollars!
Year
Total
number
of returns1
Returns with no net
income l
Returns with net lucame'
Number
Gross
Income *
NBt income i
lacome
prcfits
tiwc'
Total
Number
Grass
UTAH
1938.
1929.
1930.
19S1.
1«2.
1933.
1934_
1935.
lflae.
1937_
1,712
3, 24/i
SSftl
3,
2
£923|
2,B02i
977
419
2, BIO
90!
1,091'
l.OOBj
U
2KK, 7311
ISO, £43
inn, a n
29,847
151.0&3
L73,6fifi
233,821
233,989
soi
2,004
i9r ass
11,325
1,573
5s 387
7,606
9, 3SS
16,532
17, 607
2,004
1,814
l,
1, SLR.
1,
1,
4Sfi
741
1,0-13
1,2*17
1, K50
2,258
838
10.
1,331
1, 451
65
130
S3, 235
121. ais
139. 22(1
140, W8
90,107
S(l, 44ft
70,«;
S5>. IM
77,423
a, 7S1
.8,532
14. 325
15, (Mil
IS, M7
14,O£5
6, 991
J, 096
5
B, 607
VERMONT
192S.
1029.
1930.
1931.
1,112
1,120
1,120
1B34_
1&35_
1936.
1B37_
1,184
1,244
1,241
1,2)9
1,182
19a..
a. 7
7,1
1S3O..
7, I3OJ
192©..
JB33..
J934..
1935..
iflse..
1937..
O74
7,071
com
0.S15
e>848
6.B32
724
7W
156.041=
142,257
89.924
C
»
SSI
29]
4C4
413
507
482
44.715
66,2*1
81,531
u s ! 149
3, S3*|
3, 34li
1,49(11, SSO
2,542
2,742
3.3*2
l.Olfl.01?
R47, Olfl
(SSI. 485
378. OKI
.502. <J]Q
(Ml.Stfi
10,314
10,255
5,38-7
1,933
1.210
2,273
4,00fi
4.7S7
7,002!
1 IS. 505
132,936
110, H7/5
in, 740
54, ess
50,778
94, 7&4
108,137
1 rra
BOS
1,031-
401
155
US
308
AK1
49]
155
Ml
1,233
39
43
61
13, IW
13,791
12r.l>10
1
0,060
7, GIG
7,807
1 1 2S7
15, zco
SI 3
5.17
677
82G
767
757
13.7B4
113
99
l&fl
&!W2
4,97^
0,173
3,601
H, 5:i!J
15, B58
3,1 fin
3,184
7,419
6,086
2,6%
1,3(>7
3,79B
4,C5*
5,30&
1,823
3,6J7
7,20(5
7>7I
&!l96
E, 319
5,350
K, US
EJ.S44
72,214
71.0S0
4S.921
4fl. 6S0
53,377
40,014
53,373
3+5.2W
204,17?
370,505
375, U S
360,176
208. B87
Zifl,031
347,877
BlflvfKW
4.6B8
6642
9,215
r,7&3
10 090
5 ses
4,S90
4.733
3r9S3
3,317
44,41*
50,370
62^779
S2.34I
36,460
39,703
2E.073
2S.314
WABHINOTON
1B2R. . .
1030"
1931...
1932 . .
1934
1&35_
1S36.
11,647
I2.1SU
12, 703
13,(191
12,32*
11,472
ll.dtt
11.S50
11,227
11,072
.•1,874
5, US
5,173
S. 101
2, V?3
2,S73
2,177
7,419
78,330
4,934
3,918
1,654
2, 128
2.M3
3,141
S, &1J4
3,615
31, 4SEJ
357,1360
168,579
293411
E 10,734
599, ."J2fi
E$3,342
914,024
17, eoa
7,744'
12,805
35,7S4
32. 44fl
Soft, S.12
Si, 9211
SO, 017
27,487
19,445
7,915
17,919
WEST
1938
182ft..
]!>30 .
1VJ1
1032 __
1933—
]ft34...
19S5...
](*36...
1937. „
ltUOO
4,aft7
4,£M
4,(«2
4,543
4.490
4,505
l.^yo
1, 7£ff
i T 87D
2, 216
2,213
For footaotea, Bee p.
447,840
228, 123
119, 373
223.741
430, 706
5ni, ut)2
610. ii'2
OSI.SSfl
1,397
934
1,768
3,537
4,4(52
7, 7!S
6,0*4
31.004
57,351
R5,440
401, (5(!4
339,3J7
3i3ae7
?9,
312,410
5O.flOCT
3(irS30
170,77+
16^,244
B03, 7K5
277,974
lg.fltH
17.2SB
2I.3HO
36,350
205,200
1S7, U S
15Z, 537
ISI, ms
2f., 105
1€>,M0]
13,<j25
9, 3fifi
IS, 590
31.593
25,073
24,147
VIROTXTA
5,44,^
5,757
E,M7
I.5S&
ft, 44;"i
2,647,
l,SS&i
1, ftl!>
3+, a*tw
2.40J
3, SS7
l h 72B
53, OM
7,787
2<J, (HIS
55
100
190
£53
4(55
397, 561
32
i,oes;
2.497
1,910
1,843
2, i m
2, SOS
3,344
2, S31
2, J525
jsw
2U4
48*
7,4^!>
S,275
3,3SH
1,S7S
2,034
ia5,3L7
37. .WO
156
STATISTICS OF INCOME
8,—Corporations, 1938-37, by returns with net income and with no net
income,1 for the United States and by States and Trrritories: Number of returns,
gross income, net income or deficit, income tax, cxces^prnjila tax, and total tax—
Continued
[Money fjgnreq in thonsanda of dollars]
Year
Returns wltli no net
Returns frith rust income i
Total
txir
at returns ' dumber
Qrnsa
Lntoute *
Ket Income •
Income
tax*
rwofits
Vsx [
Total
tax
IV'unl-
On JBS
income a
Deficit i
WISCONSIN1928...
1820.__
lflao __
1*31...
issa ..
1933...
1«S4.__
1085 —
1*37...
1928...
IBM...
1930...
1BS1 —
1832 ._
1033 . .
199* __
99
.
1837...
1^393
IS, 838
16r009
16,311
lfi,203
15,852
is, aid
MM
is, «e
6,427
1 5 , Si 1 3
15,305
i6S
,440.
,41fl
495|
!ai3
i; 190:
8f&10
0 h 377
Svl99
2, SOB
3,322
4,559
s,G»r
&W7
2. 347,121
2, 377,121
1,589.177
BWHM
164,509
718,639
1,025,606
I, 273, C2S
1, DM, 018
2,030,800
37,546
5i5:t
62,132
3 30,224!
380.714-
i9s
10H, sea!
140
50,20*1
20,1 £2
Hi.GSS
10.921
MOO
*2, 6C2
15,201
f2
«,
18,6;
31."'
457
rail
2G2
3,0*3
528
245
391
443
005'
F
1,932
2.757
3,358
•50
7«
104
264
20,122
1
10^921
S, 1IX>
*2t 003
'?', ibc
19, 308
33, 1T0
tar
203
91
m
2llC
277
567
454
4fiSl
S.O79
7,234
io! 147
&, 17T
V, 177
354
450
432
634
1,030
(J7a
44#!131
"an, IB7
B04,477
£31,140
fill l>34
til rs, Sflo
453,980
M5, 449
20,737
22r S14'
28,814]
715
670
737
2S.870
34V^
23.007
20j41T
590
31, Q60
4.1, 955
47, 43C
1(10, ^s7
Ha, 78ft
fift, BI3
S4.131
44,038
43,760
2,678
a, eei
3ea
4,874
6,330
4, 71A
•M05
1,794
1.B29
1,257
i Chwages in the revenue acts affecting the eomparatLlity of stftt.L^tlcftl data FTOTD intotns IAX returns gf
oorpriratifm?: are summ»rir,pd
on pp. 221-227. Tlnj dnaaificRtion of returns into ttiose "with net iacomfi" nnd
*'w!tliT5oti*tiiH!oiBer'i9 based OD the net incoin^ for incomo tax oomputntiDii for ISSB-^fiand on net income
lor excess-profits tax («nhpiawtlfm for 1037. "Xet income" or "deficit" represents the amount lor income
tax computation for 1928-SE and the amount for eicvK-pfyfits Um computation for 19M and Iflar.
* Iacludes returns of inactive cortiorations.
* Por 1928 *'KW>ES income" corpespoads to "total income" as reported on £ha return plua "cost <>f sood?
sold." For 1920-31, "gross income" corresponds to "rotal lucerne" as reported on the return pEus "cost o(
poods sold" and neR&tive items gf iocooie. POT 1B32-37. "eruRs infflinw" cfttTKapoatla to "total Income"
"costflJoivcrtttions,"
plus "cost
cost of Roads ssold,"
,
o i c t t t n s , uuntl
n l negative jterna of Income. Taxable luterest
oo (itfvei-n(itfvein
r
mentt obllea-ticns
bllti
fs
f eexeldded
l d d d from
fr ""prcujs iincome"
"
ffoe lQ2Sia
lQ2S-ia ((cross ttiiodtins O
OM L9S4
L9S4, Kod
d iriJ?*
J?*ttt Adjusted
d t e d titi>
exclude this
t
item)
t ) ond is incJinJeii la "grogs
g
Income'1 for 1B3B
3 nnntt1937.
1937.
Fnr 1930, consists
F
i Of iDCome
i
tax
t ruported
t d on ce turns with
ih Fiscal
F l jear en tied July tTironglil N ' r t e r 193*
(and returns with pftrt yc^r which began In L9HSI}, sraduntwl normal tax, surtax on undivided Prodis, and
flat normal tas tor corporattous n&t subject to Uie graduated rates, reported oa returns
for the calendar
ur filed
year 1936 and fnr Sneal ot ppurt yyoare pnded in the pp*rlod Je.n»fl.ry
F Iflft7,
y through
g Jnne
e 1SS7- Fat
tB of
d tt xJJ normall tax,
t
t on uu distributed
d i t i b t e d prbfltj,
bflt arid
d dot
d t normall tax
t ((or eorjiorations DOT subject to
jpR
surtax
the praduatiid na.t6&.
* Thft eKwss-T>i*ftflt3 tax for 1Q3J became eff*rtive luue 30, 1933. uuder the tiut proFtsIons of the National
Industrial Ecouvery Act, For 1994 aud lfl3J5, inclttdcs a small amount fit eioess-proflts t a i vehkh appears
on returns with no net income for income tan purposes because the credit fnr Interest received an certain
obligations of the United States and Its instrumentalities, which is allowed against uet iiicomo in ihe computation of tne ineflttw tas, Is not allowed against net iaooine in the LfomputftlfoJi ni the oxcfsia-iimftts t»n.
?3ea art. l(dj, Treasury Daclsfon 4458j "He^ulatJosa fftloting to «xcess-pconte t*x imposed by sec; 102 oi the
Revenue Act of 1934.")
* Revised. For revised fleures toe ifl2&, aoe Rtatiatlcaof Fticomft for wrto, p. 338; fcr revised fiirur*s for 1SQ0,
HMS Scat if tics 0^ Income for 1931, pp. 32 and 33; and tat revised fibres for IS32, see StatfetkB or Income for
1933, p. 37.
FREQUENCY DISTRIBUTION OF
CORPORATION RETURNS
BY
CERTAIN BASIC CLASSIFICATIONS
157
2(WS!I3—10
11
p
j
,/T*!5WFII(^ ffiufnbufwm oj" returns w;(h balance sfceeis^ Dhowing (meis of $£50,000 (mi «wr by total receipts classes,
cnm-daxsified by total assets classes, by returns with net income and with no net incotne^ in aggregate, and by major industrial grQwps
[Total iwQipts classes and fatal u i e l * CIMM* •" thonunda ef dolJwg]
fFor text defining Certain Jteine and ileFcrlblDg returns included* eoe pp. 1-6 and 31J
Total assets r-fosaes'
Total
250 under 500
T"t*l receipts classes*
Net In- N o n e t
come income
Under 100
1O.&39
3,030
4H
1O0 under 250....,
KOUDderSOO
5MUD<Jer7a>
750 under 1,000...
1,000 under 2,500.,
^,000 under 10,000
10,000and over...
2ifi
2,887
2,285
1,264
873
1,311
1,131
ETO
372
EOfl
Nat illOOpi*
h
J, ill
2,82*
2,282
1,303
1,713
Nonet
income
Net [n
Come
I J]0
see
385
ass
flC
324
429
Total
1,000 under
4000
400 under 1,000
BSJ
10,781
No net
income
Net income
2,579
720
SIS
546
019
4B3
sis
2S4
544
2,292
SO
2
Ml
152
6, SOfl
11,575
No net
income
1,
a 090
615
261
m
62!
asc
131
31
come
3S7
30
53
63
48
213
417
M
ITfl
.10,000 udder
100,000
10.000 undf f
5(lfOC0
5,000 under
1O:OM
Nflnet
240
35
*5
45
47
S2
fti
5S
30
Net in- NOJMt Net income income eomo income
SB
31
16
36
131
\b\
ITS
130
A3
21
10
£
1.S21
1
3
1
Not iaemu©
NftEflt
37
3
2
3
3
3
4
2
4
42
20
14
S
5
9
22
134
2S0
8S7
100,000 and over
291
103
AND
34
214
Under JOO
2J0 under SQO
500 under 750
760 under i,[rtn
„.,
1,000 under 2,500
2,B00 under 5,000
6.D00 under 10,000
10,000 and over...
„
Tctal
far footnotes, see p. 189.
118
H*
96
43
14
43
88
IS
g
5
1
16
123
07
44
11
17
10
1
4
233
29
11
9
4
1
G
fl
W
26
17
a
4
1
41
K
1
8
33
23
30
27
3
1
1
1
28
f£
24
14
7
5
JO
7
2
1
10
1
144
22
1
i
4
3
1
«03
257
339
1*
1
1
U
1
4
fi
11
i
2
i
2
9,—Corporations, 1887, frequency distribution of return* vntk balance sheets1 showing assett of $$$0,000 and mr by total receipts damn,
eross-dassifad by total onsets classes, by returns with net income and with no n$t income? in aggregate, and by major industrial groups—Con.
LBLE
TABLE
[total receipts eUasw and toW «a«4a CIUHI ID Ihounwb ordoDan]
Total assets classes*
Total lecftipts classes*
Ntt income
Nonet
250 under 500
300 under 1,000
Net fn- Nonet
Net In- No s e t
come income
1,000 under
Net in- No n«t Ket income Income come
MINING A N D
32
343
2S3
2*6
134
76
133
No riisl|)t^
Uader 100
100 under 360
250 under 500
WO under 760
750 under 1 000
] MO aider J!,JVH1
2 SCO imdet 5 (XXI
J 000 under 10 000
H),000 s a d over
Total
603
217
169
7&
46
102
13
186
128
45
11
8
62
32
34
36
6
12
1
1,MS
1,G£S
483
109
256
111
62
32
7
s
78
64
81
44
IS
14
1
7(5
172
S7
53
18
11
17
G,000 ander
50,000
7
76
30
57
40
42
J02
17
4
404
50,000 under
100,000
100,000 and ovto
Ket in- Nonet
come income
Net in- Nonet
come income
Net In- Ho net
come Income
QUARRYING
84
130
46
50
32
27
M
18
3
5
2
6
E
4
24
430
7ti
10
33
29
31
]
90
101
J
3
1
004
Lnoome
10,000 under
60/XiO
sea
17
10
11
IS
3
3
18
9
3
I
4
4
1
2
I
14
1
]
17
17
17
14
S
8
1
8
3
7
1
61
70
47
11
3
7
1
1
2
1
1
3
1
1
3
2
6
6
G
1
71
4
7
72
G
TOTAL M A N U F A C T U R I N G
1ft
IDS
Under 100
100 under 2HO
2.50 undsr oOO
600 under TSO
750 under l^WO
1 ftYliiriflr 5 flOTl
2 50(i und«r fi 000
B 000 under HWQ
LQ.QQQ Mir! o v e r _ _
sea
1,981
1,404
103
404
626
SKI1
031
S79
. -.
Total -
ea
472
1,505
1,240
611
001.
1,222
073
S73
257
12S
75
2
ll.Btf
4,MQ
4,544
50
270
476
652
S22
173
e
2
6
13
Si
SB
120
257
1,340
lUf
14
1
SIS
ITS
2»4
33
4
1
*<»
lh224
596
4
IS
64
146
4
1,4!!!)
323
43
172
02
14
S4
21
£9
40
17
478
12U
150
1
23
1
1
14
14
317
72
2
57
1
"-1
§
M A N T 7 T A C T U M K G — FOOD AN]p K I K D R E l i P R O D U C T S
Under 100
IOC under 2W-. ..
250 under 500
m under 7W
750 Under 1,00ft...
1,000 under J.WO .
2,500 under 5,000..
fi,00O under 10,000
10,000 and o v e r . . .
TotaL.
1
34
82
ltt
m
Ul
352
Itf
87
Hi
1249
9
S3
V>
lifi
67
74
195
60
38
31
t
22
62
137
101
&i
129
14
2
I
IS
24
42
43
134
38
1
5
11
13
IS
90
104
7
6a
is
1
731
352
805
182
3*7
137
30
M A N U F A C T U H I N O - L I Q U O R S A N D B E V E X A Q E 3 ( A t C O B O L l C A N D NONALCOHOLIC)
No receipts
Under 1W..
100 under 3fiO--.
500 under 7fS0....
7W under 1,000..
1,000 under 2..1CK)
2,W0under5,f"XJ
5,m and 10,000..
10.000and over,.
Total
tea
273
147
1M
127
if
MANUFACTURING-TOBACCO
NflreotfpM.-- . . ,
TJntolJO
100 nnrler 5S5TL
^ .
250 underflOO.- . - - - . .
S00nnider7W-,™,
750 under 1#KL.
1,000 under 2^00...
S,M0 under AOO0
5,000 under tOf000
10,01)0 and o v e r . .
—
Total ,—„
For footnotes, we p. 16ft
32
12
PRODUCTS
1
4
fi
S
4
12
7
8
IS
60
1
3
6
ti
4
a
3
fi
4
2
1
3
1
4
2
»
1
1
2
3
I
L
27
10
12
6
7
2
1
1
S
&
3
19
1
i
3
2
2
r
4
1
ID
2
a
2
3
TABLE 9,—Corporations, 1387,frequencydit/tribution of returns with balance sheets* showing
assets of $£50,000 and over by total receipt* daises,
cro$$-dassijttd by total assets classes, by returns with net income and with no net income,a in aggregate, and by major industrial groups—Con.to
[Total receipt! d u a e s and total a a t t t s d a r n s in t k n a u d a * f dollara]
Total assets classes'
Total
m under i,0Ofl
250 under SCO
Total receipts classes'
Net in- Nonet N e t In- Ncmtt
oome incoma come income
come
1,000 under
5,000
10,000 under
5,000 under
10,000
Nonet Net in- Nonet Net InIncome come Income come
50,000 under
100,000
Nonet Net in- Nonet
income come Income
coma
100,000 end over
Nonet Net in- Nonet
Income come income
MANUJPACTUEINQ—TEXTILE MILL PRODUCTS
Kt> receipts
Under 1 0 0 . . .
100 under 290
MO under GOO
SCO under 750
7ffl under 1,000
1 , W under 2,500
2,5fii under 5,000
5, DUO under 10,000
10,000 and over
12
31
27
1Z1
187
150
JOB
154
100
93
165
67
s
22
SI
127
62
SI
1
s
S3
34
1
W
Total
2
2
38
28
52
72
162
7
s
10
39
24
39
65
2
2
42
3
] r l33
703
390
393
176
2
1
2
18
184
106
24
3
344
3
1
g
12
19
64
44
19
1
m
H
1
M
—-----
1
1
a
10
10
J
4
2
33
1
4
1
1
t
27
41
e
1
1
1
S3
*
—
MANUFACTURING—CLOTHINQ AND APFAkEL
N o receipts
Under 100 100 trader 2.50 . . . L
25G under 500
500 under 700
750uncter i,roo . „
1,000 under 2,500
2,500Tinder5>,OOD..5,000 under 10,000
10,000 and over_ _ . . . _ _..
™
- - " •
5
1
4
30
29
68
tut
179
47
22
5
11
4
414
166
jrt
4a
si
i
4
2$
£2
ia
24
1
1
1
2
71
17
1
4
4
%
22
4
1
104
104
43
1
27
28
17
1
i
81
10
W|
a
o
H»,
I?
1
29
—
o
ohc|
1
4
i
1
G
1
1
3
1
1
E. A N D I T S M A N S F A C T UK.E&
N o receipts
.
UDderlOO . . .
100 trader 250.
230 under iOO.
flOO Under 750
750 under 1 , 0 0 0 - . . . . . . . . .
1,000 u n d e r % MO
5,500 undur 9.000
6,000 uutirj 10,OW. . . . . . .
10,000and over .-Total „
...
l
t
34
25
I
1
7
3
1
4
2£
18
lift
38
17
6
10
27B
150
21
22
48
2
1
5
19
17
13
11
4S
4
1
-
%
-
23
-. .
sjooo under iMw
10,000 and over
Total J - . . ^ .
73
73
2
IB
31
21
7
1
a9
4
3
IS
[3
40
m
33
i
13
1
6
4
7
1
Q
3
13
1
3
1
6
i
i
3
1
1
3
1
]
... t**-
31
11
.
i
••-
3
39
•
...
l
i
A
5
1
1
E
1
1
3
12
%
fi
1
1
3
7
11
53
2V) muter 500
500 under 76(1
£15
13
4
78
117
52
177
130
5
U
B6
75
20
45
1,000 undr 2v50O
2,500 under 5 000
5.000under iftODO
10,000 and ov*r
48
S
_.,
Totfil
For footootes, sec p_ie&.
19
SCO
s1
14
...
1
2
1
8
37
65
4$
«4
2
i
0
15
24
u
1
1
1
5
30
121
27
4
1
7
g
14
31
2
..
133
m
227
107
73
I
9
o
^
n
o
2
1
6
10
11
2
-
w
MANUFACTTJRING—FOREST TRODUCTS
Norecoipts..- . . . ,
Under 100..
i-3
a
]
is
13
}
IS
...
j
1
1
4
1
41!
1
1
3
3
137
1
1
S
2
BBEIi PRODUCTS
4.CTURI
1
1
4
j -
15
-
i
I
I
1
No receipts
Under 100 --.I00w.ni« 23).-,.
250 under ftiO —500 under 750. -..
750 under 1,000
1,000 under 2.SO0
1
7
g
4
17
I
$
5
%
2
3
2
U
2
2
1
1
1
7
1
1
O>
00
TABLE 9.—Corporation*, 1987, frequency distribution cf returns with balance sheete1 showing a$tet$ of $850,000 and over by total receipt*
CTQS$-clas$ijied by total assets classes, by returns with nel income and with no net iname* in aggregate, and by major industrial groups—Con.
s
HI
[Total rwsiple CIUSM andtotalw e t i classes In (bousaada or dotterel
T*ito] assets classes*
Total
250 under 500
Total receipts classes)
500TUQd«T 1,000
Nonet
income
Net In- No net
income
Net incOrae
Nonet
6,000 under
10,000
l,0M under
6,000
10,000 under
50,009
50,000 under
1CO.0OO
MetJn- No net NettnNetin- N
come Income come income
Income
100,000 and over
Nonet
Net Income
Net Income
No net
MANUFACTURTNO-PAFER, PULP, AND PRODUCTS
Non-wtofe!
1
Under 10O
1(10 rtmifr 2R0
IS
(CO under 7S0
750 uudw 1,000.
1,MA tinder 2,500
2,flW under 5,000
105
lDiOOO and over
24
199
M
m
Total
i
i
18
23
25
31
36
7
2
7
67
31
£4
3
13
IS
6
a
33
38
69
2
1
1
1
0
11
9
S
3
1
e
10
100
52
13
2
1
1
9
7
17
S
3
1*3
195
40
43
186
5
IS
13
2
1
1
1
30
3
M AN U F ACTUBIN 0—PRIN TING, PUBLISHING. A N D ALLIED
No receipts^
» ^
Un<!r«rlOO . . . .
10QtwjdQi'£$O
230 under AOO
500 under 750
750 UDdfir 1,000
1.00Gunder 2.SO0
2<G00 under 6,000
5,00fl tindCT 1(1.000
10,000 and over
._
Tots! .
e
3
2
1
G
S3
236
198
9?
1S4
60
35
IS
]Ji
44
7E
43
22
40
12
6
S
G2
IK?
101
£fi
14
92* I
SflO
3G0
1
IB
5S
13
7
3
123
IS
5D
70
50
ai
a
267
e
15
23
11
15
a
1
1
4
2
1
3
31
7
2
210
45 1
1
1
2
2
1
32
4
3
I
1
2
INDUSTRIES
r
1
1
2
17
20
105
S2
6
2
IS
JS
1
i
i
2
13
ia
•
3S
I
I
3
2
2
10
13
as
2
1
1
1
1
1
z
1
MANUFACTURING—CHEMICALS *
N D
ALLIHR PRODUCTS
No receipts
Under 100
100 under 250
Ji* under 500
600 under 760
759 under l,(W0....
1,000 under 2,600
2,300 under 5,000..
5,000 under 10,000
10,000 and ov*r...
Total
MANUFACTURING-PETROLEUM AND OTHER MINKRAL OIL PRODUCTS
No receipts
Under 100
1OD under 2J»
2 » under 500
500 QDdeT 7«j
7J0 under 1,000..
1,000 under 2,600
2,500 under 5.000
EF000uT)derl(U
10,000 and over
Total
lfi
IBS
MANUFACTURING—STOKE, CLAY, AND GLASS PRODUCTS
No receipts
Under lOO
tOOund&r 2W
250 cnder 600
MO undej 750
760 under 1,000
1,000 u&der 2.500
2,500 under 5,000
5,000 under 10,000
10,000 and over.
__
Total
For fOQtuotes, see p. 109.
10
54
110
36
40
1S5
?3
13
21
10
56
60
6B
115
16
a
Q
43
65
40
6
30
55
32
3
1<S
li
2
10
35
32
22
35
2
16
11
35
3
4
4
2
1
10
14
12
74
16
4
3
9
8
11
17
9
2
268
160
135
136
64
120
60
1
6
It
7
27
2
3
2
6
16
26
1
3
€
2
1
3
1
TABLE &—Corporatimiti, 19S7, frequency distribution of returns with balance theete1 showing assets cf $350,000 and over by total receipts clas
ero&Sdas&ijid by total assets classes, hy returns miih net income and with no net income,* in aggregate, and by major industrial groups—Con.
[Total receipts dawefl «nd toUI ataeta dmiaea in tHouutd* *f dollan]
Total MKite classes*
Total
SSD under 500
Total receipts dawns'
Net in- Nonet Net income incoma coma
500 under 1,000
No net Net inIncome come
111,000 und4T
50.000
fi.ooo ntidor
10,000
1,000 under
5,000
Nonet Net in- Nonet Net In- Nonet
Income come Income COme income
Netin-
50,000 under
100,000
Nonet
ODme
Net in*
come
lOO.fHjn&mi oy^r
Norwt
income
Net fncame
MANU?AOTtJRlNO-METAL AND ITS PRODUCTS
No rtceipts
Under 100
100 under 350
250 uoticr 500
500Uadtf 750
750 under 1,000
1,000 under 2,500
18
111
RTD
m
388
030
358
% MM ander 5,ooo
5,000 oodet 10,000
10,(00 and over
Total
4
19
146
570
an
m
3,355
„
189
71
130
3
10
12ft
«2
30)
167
1J0
2
9
71
101
ISO
fil
15
3
2
3
14
%
]S4
1V8
Jfil
1«
fi
33
SO
SO
SO
36
34
S
ss
1C
11
817
A
3
5
11
37
51
452
310
9
1F2SS
397
238
967
1
2
15
10
22
SO
10
2
1
176
1
1
e
27
as
142
1
1
3
fi
10
1
SO
i
3
27
92
193
2
3
9
15
15
15
27
1
27
MANUFACTURING-MOTOR VEHICLES, COMPLETE OB FARTS
No receipts
Under 100
100 undfii 850...
SCO under 500
„„
£00 under 750
7«O under 1,000
1,000 under 2,500
2.600 under 5,000fcOOO under 10,000
10,000 and over _ _ . _
Total- .-„.„„„.„
1
S
14
30
13
£0
34
17
32
m
i
3
6
0
30
0
fi
4
13
16
I
3
«
4
10
3
13
1
i
1
1
4
1
1
6
21
4
a
4
6
63
64
36
ii
4
4
17
30
15
3
5
4
6S
"""""I
1
1
1
2
8
2
i5
3
3
3
10
10
4
15
3
3
3
Nonet
iaoame
MAtTUFACTTntlNO ]^OT ELSEWHEUE CLASSIFIED
No receipts
tJncter 100 .
100 under 250.
230 under 500,
750 under i,OW
1.0WI UDder 2,500
2,500under 5,000
5,000 under 10,000...
10,000 and over
Total
2
33
102
91
65
27
39
se
21
26
20
IB
fl
528
2
303
m
2
66
26
SO
1
3
20
30
32
11
4
4
a
6
4
5
14
28
29
51
S
1
6
1?
10
fl
I
3
7
DO
7
7
5
1
1
68
46
12
1
216
104
133
57 >
1
139
«
4
6
6
2
1
\
3
16
1
18
3
IS
1
1
1
1
1
CONSTRUCTION
250 under-500
500 under 760
730 under 1,000,.
1,000 under 2,flWl
2,500 under 5,000
S,00(l under 10,000
lOando
15
131
103
n
347
T(rt*l
324
167
107
161
TRANSPORTATION AND OTHER PUBLIC UTILITIES
No receipt*
CrldWlQO
lOOaaderSSQ
HO under 600
iOO uudet 7(50
760 QDdcr 1 0 0 0 . . .
],0OOunder 2,600.
2,500 under 5,000.
5.000 under 10,000
10(,00Oa!iiiover...
Total
For fcotDotos, see p. 109,
15
ill
636
401
23$
501
56
IIS
175
72
130
120
144
5,604
1,432
181
a
51
is
JT
3
256
72
35
II
7
13
41T
£
109
100
HI
3S
25
SS
11
1
20
65
140
163
100
58
US
25
17
74
ltd
93
33
33
28
11
731
402
Ifi
333
107
280
7E
TA.BLE 9.—Corporations, i9S7j/re$uettcjj tfi&lrifrid'Mm of rtfum* i»ith, balance sheets 1 showing aaaeis qf $S50,000 and ™*r &y total Tcceipts
cross-<$as8ijied 6y (<rfai twsrfs rfasaw, by returns with net intQiM and with no net income,s in aggregate, and by major industrial groups—'
Con.
00
[Total iceeEpta ct»»ee **d <«tal *»ete daesett tn tlnnuunib Af dolian)
Total assets classes *
ToteJ
500 under 1,000
250 under 500
Total receipts classes •
Net income
Nonet
income
Nflt Income
Nonet
income
Net In- Nonet
come income
1,000 under
Nettnoomt
3,W»tmd*T
10,000
No net
Ntf income
50,000 under
100,000
I0.W0 under
£Or0OO
Nonet NBtinImjome
Nonet
income
LM,000 and ovftr
Net iucume
1IICOTD«
Net iocomo
No net
income
TRADE
No r e c e i p t s . , . . „ . „ . .
Under 100
.
]00 under 2 f t . . „
SSO under £00.
WO under 7ffl ...
ISO under 1,000
1,000 Qader 2, Em
S h 500nndorf,tl00
% 000 under l(),ooo
10,00O and nver
16
16?
342
080
1,087
Sea
Z70
sat
20B
49?
169
90
S«
7,239
2,155
877
2. L96
352
Tokl
31
a>7
271
7
10i
14
354
SOS
8QC
6S1
9 SO
135
t&
2
3,604
904
2&S
196
US
232
30
6
1,230
6
36
£6
131
2£0
226
$20
27i
4*
9
8
47
48
71
£8
<rt
185
S3
1G
1
2
IT
32
47
Sfi
61
373
433
272
105
1,397
1,830
9
IB
10
2S
lfi
21
75
2
2
2
14
4
g
4V
77
311
146
(so
M
1
1
1
1
2
1
]
1
1
1
1
5
10
{,
2
13
8
104
1
12
1
16
1
ft
L29
18
17
1
8
7
2
SEKVICB—PROFESSIONAL AMUSEMENTS, HOTELS, ETC.
No recefpts
tfndor 100
100 under 290
S*0 undur BOO
H» under 750
TBO under 1,000
i,O00an(i«2,W0.
2, W u rider ."i.wti
23
1 003
m
144
„
S, 000 under 10,000
lO, MM and over .
Total
11)7
181
63
21
12
2,7flft
113
3,T32
11
787
374
12W
57
l«(i
V7
ES
7
2»
ec
26
47
2,034
165
67
12
3
7
i
268
214
120
0
71*
1
1
3D
S30
327
fil
10
S
30
4
S
1,340
2; 326
753
1,305
7
47
173
126
63
;m
87
22
!«6
4*1
239
70
26
34
1
1
2
10
10
1
1
4
4
1
37
24
7
]"
iy
s
10
4
;«t
11
j
2
2
l
3
Sfl5
1,122
60
97
2
6
f>
%
4
17
7
fi
f.
2
22
40
2
4
i1
2
1
1
1
1
T I ^ A N C E - R A N K I N O , rNSUKANCE, HEAT, ESTATE, HOLDING COMPANIES, STOCK A N D BOND BROKERS, ETC.
No receipts
Under 100.
100under Z50... . .
250 under 500
67
&817
4,400
175
67
22
11
132
20
SJ37
117
23.S
750 under 1,000
1,000 under % BOO..
% WO andur & 000
& MO under 10, Ow....
10,000 and over... .
68
49
35
Total
1ft 730
2,304
2,712
U'i
34
4
3
2
2.698
1,559
20
12
92
44
12
1,466
US6
28
H
il
7
2
3,774
2.H3S
34
100
41
33
63
2(53
1J502
se
19
9
4
14
l
11
12
4
37
23
2
i
4
4,923
3,843
4
4
10,550
M71
4,128
3,960
*ffi74
17.1
218
22
230
82
136
fifl
9
1
1
21
3
1
1
2
423
6fil
S72
2L
3S
17
SO
7
14
8
2
1
2
I
ma
37
4S
11
2
3
10
S
3
4
1
1
14
U
1
6
57
39
NATUBE OF BUSIME sa NOT GIVEN
No receipts
Under 100
100 under 2 E 0 _
350 under 500,
HK) under iaa,
rjO tinder l , « w
l,oou undsr ^ soo
3
„
34
1
2
15
1
1
11
7
1
2
16
1
11
7
1
.
„.
b, 000 u n d e r l O j C O O - ^ n . .
Total,..
3
!
> Excludes returns far inactive torporfltiona and returns with fra^mtnt&ry balancesheet data.
> Tbe mla^eiflcatlon of the returns Into thosa "-with net jocnm^" $nd "with no net income" is based on net inwme (or exeftss profits tax computation (item11S8, schedule A,
p. 2, Form H20) which Is equal to tbe difference between "Eptal income and 'total deductions" (items 14 and 27, respectively, schedule. Af p> % Form H30). The difference
between 1637 and 1B36 in the bases of the classlflcationi$ stated On p. 1
> This classification is based on either "gtoEs sales 1«SG rttorns and allowances where
inventories are an income-determuijsg factor" (Etem 1, schedule A, p. 2. form 1130) at
"utoss receipts from operations where inventories are not an income-determining factor
(item i, jehedute A, p. 2, Form l i a ) , or the sum of both whtn reported o&the same
return,
* For method of tabulating "total assets'' and "total liabilities/' see explanation, p, 33,
170
STATISTICS OF IWCOMT!
TABLE 10.—Corporations, 1937r frequency distribution <?/ returns teith balance sheets1
showing assets of $250,000 ana over by net income or deficit classes, cro&$-cUtssijied
by total receipts classes, in aggregate, and by major industrial groups
[Net income tn deficit tinmo* and total receipt* cltmpeq In thousands of dollars]
[Tor text deflniag certain item? and describing retcrns included, see pp, 1-6 and 31]
Total rtw»lptB elnsses»
N t t income or deficit
100
250
500
under UQlifiT under
350
500
750
750
under
1,000
],000
under
2,500
2h500
umlnr
5.000
10.000
and
10,000
over
A G G E E O A T E - R E T V B ^ S •WITH N E T I N C O M E '
Under 1
1 under 2
3 under 3
J under 4 .
4 under &
A nnrtar tft
ID u n d e r 15
15 u n d e r 20
2,589
1^882
1,572
1.3R8
^
. . .
20 under 35
50 und^r 100
100 under 2B0
350 under 500
500 under 1,00ft
1,000 under 5,000
&,000 an<$ over..
Total
.
3*449
2,500
2, ML
rt, fl90
5,211
1,035
1,012
212
. .
42.A72
6SE
3*8
SIS
274
221
BS1
eai
1,333
1.040
1.C3B
834
733
2,227
1 148
190
130
122
107
407
321
322
423
2110
200
146
138
101
$41
435
402
044
8fi7
].*?
52
100
98
52
73
367
305
293
2fifi
039
32(5
57
72
S9
89
101
190
340
179
294
(52
9a
13
92
13
20
14
12
73
So
1
1
3
4
3
r
3
4
17
IS
13
•j
6
7
t
7
62
1,367
41ft
OB
ecu
245
385
405
85
4S2
277
109
3
27G
279
255
4
105
104
172
475
187
2,481
1,311
1.131
2?
20
0
15
12
31
n
2
722
356
46B
17S
103
114
•M
36
6
16
S
1
8
1
2
33
8
1
518
171
27
4
6,3*3 10,619
3,030
4,434
3,651
2,746
6.606
}0
123
24 Q
IS
31
AOOREQATE-RETTJRK& TVITH NfO K E T INCOME I
Under 1
1 under 2
1,545
2,163
2 tinder 3
3 tin der 4
4 tinder B
10 nod«r 15
15 under 20
l,6O3i
1,234
1.157
3,88+
2,414
„
1 133
45J5
323
29 JS
1,001
2, J91
31
51C
JlJ!
230
75
45
47
13
Total
26,254
8r60B
303
3(19
lfil
117
103
100
4(1^2
SBS
S18
^04
231
lflJi
26 under 50
50 under lOO .
loo under 250
250 under BOO
SOD under 1,000
1,000 under 5,000
F>,00(Hred ovftr
1,303
1,037
726
MS
£42
93
274
241
130
71
71
34
41
175
122
7H
42
3!
24
117
flft
58
42
143
139
litt
112
27fi
1OT
1^6
lOfi
113
88
75
41
24
3S
25
S
21
10
5
2.687
THO
7fl
2P9
7*
433
738
137
77
75
09
4-1
13R
342
272
795
3fll
aoT
9l
347
13B
102
2,285
1,204
S73
40
26
M
78
90
1
1
l
3
21
a
13
S
i
5
It)
1
24
12
IK
B4
2S
SI
12
ia
3:2
22
14
1
64
15
1,758
570
272
202
47
19
AGRICULTURE A N D RELATED 1^ D U S T RIES— RETURNS WITH NET INCOME >
Under 1
,
1 under 2 . ~ . .
2 utid&r 3 . . .
3 uadec 1 ~-.-
4 under 5
dander W. . . . .
10 under if>_
1H im.1(if> 30
20 UTliiet 2 5 . . .
29 iindar A0
M
24
33
24
7
1
35
I,
17
1
10
in
aa
23
80
Sfi
43
23
1
4
1
75
100 under 250
260 under 500 . . . - BOO under 1 , 0 0 0 . . . . . .
A£
1"
9
5,000and o v e r . . . . . . . .
1
60 miller 100
&
For footnotes. 3W p. 187.
C
4
5
4
4
l
J
I
2
2
I
2
23
17
12
9
$1
12
7
S
3
3
2
1
2
11
S
1
1
4
4
J9
18
3
4
12
1
6
2
1
S
2
15
2
2
23
32
8
27
T&tal
„
1
1
1
2
2
2
2
2
2
6
42
1ft
2
1
J
34
214
1*4
„
171
STATISTICS OF INCOME
TABLE 10-—Corporations, 1987, frequency distribution, of returns with balance sheets '
showing assets of $250,000 and ovar by net incumv or deficit classes, crass-classified
by total receipts classes, in aggregate and by major industrial groups—Continued
[Net Income or deficit tlpsses and total receipts rlnrmrtir In thousands of dollars]
Total receipts classes *
N e t Income ar deficit
classes.*
Total
100
230
OB) jltS Under
undnr under
100
250
51] 0
7 SO
500
under under
750
1,000
114
5*1
37
m
30
153
69
1? under 20
20 under 2J5
25 under 50
*n iinrlAr TIW
100 under 250
250 under 500
500 u n d e r 1 Oflf)
1,000 under £,O0ti . .
5,000 and over.
feint
17
2
1
„
29
;
7
fl
2
10
13
6
01
30
2ft
£3
23
74
•i
11
SO
2fl
11
45
7
in
a
13
7
2
2
ii
$
fl
4
IS
11
2
3
1
2
2
7
5,000
under
10,000
10,000
over
*TS ^VIT^T N O N E T I N C O M E *
AORICTILTDRI AN'D "RELATED rNTDUSTRTES—R
Under 1
1 UTKier 2
2 u n d e r 3 ......•....,..._.
3 under 4 . „ . . . ,
4 under 5 . . . . . . . . . . . . . .
6 under 10
1,000
2,500
3
1
2
2
4
1
]
L
1
i
2
2
3
7
10
2
4
1
4
2
2
1
1
2
I
1
1
2
1
1
2
l
1
1
1
l
118
3®fl
SS
44
04
I]
17;
6
1
AND QUARRYING—RETURNS WrTH NET INCOME i
Under 1
1 under 2
5 niitleT 3
3 under 4
4 under 5
10 under 1ft .
t
16 under 20 . . . . . . . . . .
•53-
10
2
SB
32
11
7
30
1
14
E
30
1
BR
. . .
111
07
72
1
4
2
1
152
2F uaderAO
2fl4
100 under 250
2B0 under fiOO
500 under 1,000
1 000 under 5 000
5fO0O and o v e r , , . . . ~ .
IRS
71
53
37
14
Total
Under 1
1 vander 2
1 Under 3
3 under 4
4 under 5
5 under 10
10 under 15
1A under 20
SO under 25
iftunrier.'iO
2
3
2
SO
21
7
13
14
IS
40
AS
43
6
1
e
7
22
33
20
21
44
S3
3
4
1
tA
IS
1
2
s
27
313
233
1
I
1
1
1
1
a
7
n
1
I
1ft
27
54.
27
27
2
6
12
10
11
10
7
11
5
12
13
isa
52
32
31
2
ft
3
1
B
31
10
3
1
32
131
23
8
1
1
78
1
1
1
8
I
2
a
I
3
iVAULB YIltfG —RETT7RN6 WITH NO N E T INCOME"
MINING J
105
353
ififl
82
fil
02
22
33
13
30
122
17
4
4a
K0
204
35
14
4
2
250 under 300 !!""""_
500 under i.flOO
1,000 under 5.000
5,000 and over
Tots]
a
fi
JO
5
I,™
For frtntnot&s, see p. 1>>J\
11
31
17
S
2
2
43
37
67
44
1R
3
2
12
20
16
21
18
47
29
14
2
10
3
7
A
0
0
10
12
10
5
7
3
3
12
20
0
4
1S9
75
23
ia
2
l
3
1
1
1
4
7
5
9
IS
a
5
I
3
s
1
3
1
3.
11
22
2
1
1
10
2
3
9
6
4
102
38
6
1
2
1
3
i
003
2IT
S
4
4
1
12
172
STATISTICS OF INCOME
TABLE 10,—Corporations, 1937, frequency distribution of returns with balance sheets '
showing assets af $250,000 and over by net income or deficit classes, cross-classified
by total receipts classes, in aggregate, and by major industrial groups—Continued
[Net Income w deficit CIBBBOP and total receipts i
i in UnHEsndi or dollan)
Total receipts classes
Net Income or deficit
classes*
Total
No rei,oon
ceipts Under 100
350
300
750
under under under undor
100 under
1,0011
250
600
750
under
and
10,000
TOTAL MANUFACTURING— RETURNS WITH WET I N C O M E '
Under 1
. ^ , .„
1 under 2
.
"under 3 . . „
fi under 4 . . . . . . . . . . . . . .
4under & . . .
Sunder 10
.
10 under 15
l£ under 20
„„
25 under JO . . .
BO under 100..100 under 250
260 under 500
3
IB
1
9
180
1
1
4
7B0
693
a2
375
3E9
541
2,032
„ 2,fflt4
6O0 u n d e r 1,OOO
1.000 u n d e r 5,000.
COM and ov-ar
l
i
l
I
fi
21
IS
4ft
.TO
SK
32
27
30
09
84
69
6(1
Ti
64
60
225
206
105
130
133
144
JCI3
461
490
as
131
100
5Q5
29
5
l T Mfl
10
3,981
37
1
36
6
4
2
20
34
27
3*
22
84
S5
30
1,104
2
1
36
150
123
6
13
2(5
72
152
354
337
174
58
3. MO
1.223
77
i(H7
33
7
3
ia
m
£
874
512
4f>0
100
ll T SflT
51
35
577
740
1,000
300
1
1
]
s4
5
2
19
106
15D
1B4
14&
1
3
3
ws
12
35
277
100
573
TOTAL MANUFACTURING—ItETUJlttS WITH MO N E T UNTCOME"
Under 1
„....
1 under £._ . .
..
iunder 3 . . . . . . . . . . . . . .
ft under 4
...
5 under 10
.
10 u n d e r 15 . . .
..
15 u n d e r 20
20 under 23 ^
..
Sfi u n d e r BO . . ___
6C u n d e r 100
100 u n d e r 250
250 under 500
GOO u n d e r 1,000
..
1,000 u n d e r 5,000
6,000 and over
.__
Tata]
372
193
353
147
681
451
342
ZUG
7IW
35S
92
1
6
11
45
57
1C5
59
11
16
31
47
45
H
29
33
12
SO
33
73
3(1
7
14
6
3
30
73
13
•30
83
52
35
89
59
32
3
ae
20
47
133
104
ea
an
£0
42
105
70
38
G
1
73
14a
105
33
5
2
1
52
37
3
1&
33
3
1
I*
66
5S
3ft
23
7*
57
34
SO
73
60
44
143
157
102
7
14
13
10
36
51
66
21
5
7
3
3
16
15
43
9
10
103
104
628
091
•81
J
4
3
1
et
14
II
13
3
11
1
M7
75
1
4,64s
-
22
5
7
MANUFACTUHINQ; FOOD A N D E I N D E E D PRODUCTS—HUTUMN'8 WITH N E T
INCOME*
Under 1
1 under 2 . . ,
2 under $
*& under A
1 under 5
.
B under 10
10 under 15
15 under M
ZOunder 25
25 under 5 0 , . . . .
SOunder 100
100 uniler 2E0
2:0 under 500-. - -.
£00 under 1,000
1,000 under 5,000 . . . . . .
5jO00 and over _
Total
39
32
21
27
23
116
1
SO
GO
1
70
2S2
200
156
40
3(i
3D
7
1,349
, see p.
4
1
2
2
1
6
5
2
7
4
3
13
12
10
a
16
5
2
0
7
2
6
7
24
17
19
32
17
4
1
5
3
s5
4
1
22
14
14
16
41
21
1
2
14
11
13
10
40
25
10
1
1
1
7
4
1
4
2
7
2
r
fi
6
6
2"
22
22
23
01
22
4«
44
<s
34
IK
1
H
4
1
4
IS
23
15
i
1
34
S3
155
159
141
166
87
1
2
I
t
5
ur,
IS
33
7
8G
173
STATISTICS OF INCOME
TABLE 10,—Corporations, 1937, frequency distribution of returns with b<ilanee sheets l
showing assets of $25QtO0Q and over by net income or deficit classes, cross-eLassifiad
by total receipts dowses, in aggregate, and by major industrial groups—Continued
[Net income or deftclt cluse*and total r£ceh>(«riassesiiA thdmtMids al dollars]
Total receipts classed
Noroeeipts
Net iTicotTiB or deficit
ion
250
500
260
600
7S0iT
750
I,0C0
2,500
5,000 10,000
l.W
2,500
£.000
10,000
orer
MANTFFACTURINO: FOOD A N D K I N D R E D P R O D U C T S — R E T U R N S W I T E [ NO NET
INCOME"
1
3
8
12
10
12
4& '
1
2
Under 1
2
1
1
4
7
10
14
1 under 2
........
a3
0
2
1
3
4
8
27
1! under S
*. ^
5
1
4
2
ID
2
3 under4
J
3
2
1(1
24
B
17
14
10
7
13
&4
lft
1.1
2
6
15
84
15
10 linflur IS
IT
fi
A
3
10
7
IS
1ftunder 2fl
11
1
1
2
H.I
4
4
3
9
20 tinder 25
11
16
19
fl
3
12
25 under st)
. • i ifl
S
1
6
S
16
35
0
1
4
30
14
16
100 under 250
1
1
3
5
260 under BOO
IV
L
500 under i ,QQn
n
1
2
1.000 under 5.000
5^.000 and over
Total
731
9
3?
73
115
97
74
2
4
3
f,
8
1
3L
195
MANUFACTURING: LIQUORS A N D BEVERAGES (ALCOHOLIC
NONTALCQUOLTC)—RETURNS WITH N E T INCOME*
Under l
•
$ under 4
5under 10
10 unrlnr 15
20 under 25 25 under 50
50 under lOO100 under aw
250 under 500
500 under l oon
1,000 under 5,000
5,000 and error.
- . .
1
1
1
1
1
10
6
s
4
31
3
1
22
67
72
9
g
1
1
1
2
1
1
3
4
1
9
2
a
13
15
3
52
1
1
1
$
1
||
6
23
33
42
1
5
1
IB
1
e7
10
12
1
1
7
5
!0
10
30
1
1
K
1
4
3
]]
s3
7
3
Total
2
13
IS
3
1
4
67
S3
140
B9
3D
24
MANUFACTURING: 1.IQUOES A N D BEVERAGES (ALCOHOLIC AND NONALCOHOLIC)—
RETL'RTv 8 WITH NO N F T TNOOMK a
Under 1
2 under 3
£3
0
10
10 uaiinf 16
IS un<lpr20
11
2fl
25
£fi
3 uiiiior 4
25 under SO
50 tinder 100
100 under 250.
250 under 500
500 under 1.000
1.000 under 6.000
5,000 and orer
Total
IS
$6
33
23
5
2
2
1
]
1
4
1
1
1
1
1
1
3
1
2
1
7
1
1
4
14
10
S
4
I
4
6
5
S
T
4
1
1
4
T
a
s
10
«
31
2
2
5
1
a4
3
3
4
4
2
J
4
3
3.
1
1
2
1i
1
6
2
fi
1
1
1
1
s
12
a
3
43
13
2
4
2
I
273
For footnotes, see p. 187.
21O89S—10
12
12
SO
S3
3S
1
174
STATISTICS OF INCOME
I E 10.—Corporations, 1937, frequency distribution of returns with, balance, sheets'
showing assets of 0250,000 and over by net income or deficit classes, cro&$-claHwjhed
by total receipts da&ae$, 4,n aggregate, and by major industrial groups—Continued
{Net income or deficit daMtt and total receipts classes In Uww
Total receipts classes'
Net Income or deficit
classes '
No re260
1.OQ0 2.OTQ fi.QOO 10,000
ceipts Under 100
WO
under under und*r under under
100 under
1,000
£00
250
3,300
5,000 10,000 over
750
MANUFACTURING: TOBACCO PEODUCTE-BETUBNS TVITn NET INCOME
Under 1
3 UiKter 4
4 under 6
5 under 10
10 under 15
15 imderao
3
2
2
2
2
2
3
3
...
„
•Jiiimricr w,
25 under 50
EO under 100
100 under 250
,..
250 under a w
500 under 1,000
-1,000 under 5.POO
5,000 and o v e r , . . .
Total
1
1
I trader 2.
2 under 3
„..
.-
1,
1
1
1
1
2
1
2
1
i
1
1
1
J
i
4
.......
1
1
1
&
8
4
eo
4:
£
&
4
i
1
i
i
2
4
1
13 1
3
1
2
1
6
Z
2
6
7
S
IS
1
r
MANUFACTURING; TOBACCO PRODUCTS—BETURNS WITH NO N E T INCOME >
Under 1 _ „
„
1
£
? under 3 . . . . . . . . . . .
3 under 4.
& lmripr .1
5 under 10. - -,
10 under IB _ _ .
i
1
1
&
It
Sounder 2fi
25 under 50
J50 «ijd«r 100.
1D0 undftr 250
2B0 under «M
.
500 under 1,000 . .
1,000 under 6,000
5,000 and WQT , -
2
4
3
2
1
Total
1
1
a
1
1
•1
27
2
1
1
2
1
1
1
2
2
1
1
1
1
i
•
3
I
6
1
MANUFACTURING: TEXTILE MILL PRODUCTS—RETURNS WITH: NET I N C O M E »
Under 1
1 under 2
Sunder 3
3 under 1
4 under 5
JJ under 10
10 UJldCT 15
IS under 2 0 . . . . .
30 unddr 35
2S undor 50
.
60 under 100
100 under 2M)
2S0 under
fiOU
SB :
33
21
13
SS
76
73
64
100
194
188
3
3
1
1
_-
I
2
7
I
5
I
i
.....
10
fi
5
2
3
17
1"
IS
22
10
6
7
6
4
6
36
20
10
34
3?
7
72
,
3
&
s
13
11
14
11
33
31
21
1
11
9
S
s
^
5
25
21
IS
9%
Oft
13
500 u n d e r i p n n o . . - ,
1,000 under 5,000
G.OOO and aver
.
Total .
For footnotes, s « p.
1
2
1
1
s
11
16
3a
i
1
1
S
5
13
23
15
1
9
a?
13!
197
ISO
4O<3
135
U
1
2
5
1]
13
1
42
175
STATISTICS OF IK COME
TABLE ID.—Corporations, 1937, frequency distribution of returns with balance sheets '
showing assets of $B50i000 and over by iwt income or deficit drupes, cross^lfwaifad
by total receipts classes, in aggregate, and by major industrial
groups—Continued
[NetliMotnear defldtdnnes and totalrttetptaciaasea A thousands of dollars
Total receipts classm »
No
reTotal ceipts
.SCO
100
750
1,000 2,500 5 000 10,000
Under und«r
under tinder under tinder under under and
IDU
7J5O
B50
1,000 2,500 5,000 10,000 over
WW
N"et income ora deficit
classes
MANUFACTURING: TEXTILE MILL PRODUCTS—RETURNS WITH NO NET INCOME*
3
a;
Under 1
1 1lnrl.it- a
2 under 3
25
19
2ft
62
flfl
63
40
4 iinripp A
£ under ]Q . . . . . . . .
10 under 15 . „ _ . „
IS under 20
„
lift unrtar 5JI
25 under 50 . . . . . - . .
CO under 100 . . .
lOOrnidtM-250
2flQ undor «10
1,000 under 5,000
5,000 and over
1
1
11
5
A
7
7
•s
1
1
4
4
3
3
3
9
4
SI
1
3
7
47
4
g
u2
11
22
11
37
21
a
g
10
10
10
17
fl
4
4
2
4
JS
14
8
5
11
7
4
13
17
4
12
IA
10
1
2Fi
35
25
3
11
4
„.
Total .
•
703
1
4
1
1
2
2
1
1
IS
£
2
10
3
4
1
2
3
13
31
50
151
100
1
1
8
67
93
2
3
MANUFACTURING: CLOTHING AND APPAREL—RETURNS WITH NET INCOME
Under l
Sunder 3 .
Sunder 4 . . r , . ,
J tinder ]Q
10 under I S . .
1.1 unrlnr an
20 under 2 5 . .
2B under EO
CO under 100
JS '
18
.„_..
„.,
]^
..
„
250under 400
«0und.*r 1,000
3
62
34
3.1
30
77
5S
36
J]
C
..
100 under aw
1
1
,...
1
1
4
4
11
1
a
i
2
s
10
2
s
4
4
3
7
7
10
6
1
3
9
4
4
2
34
13
1
1
14
42
27
IB
1
1
2
3
2
1
s
15
ia
2
1
5
5
S
2
2
179
47
22
5
1
1
1
4,000 and over
Tatal. „ . . . . , .
07
30
414
MANUFACTXJEI.NO: CLOTHING AKD APPAREL—RETURNS WITH NO NET INCOMEI
Under 1
1 under £
frinriflrft
3 under 4 . ,
3
2
15
,
Sander 10
10 und«r W r
15 under 20
30 under 2$
ESundar 50, _,
SO under too
ICCiander 250
360 u n d e r OX)
WO under 1,OTC
1.000 tmrter 5,000
fl FlOfl ^tid nvpf
,..
„ ,
a
16
7
23
113
]JJ
4
20
Total
For footnotes, aM n. 187,
1
1
t
1
1
]
2
4
4
3
2
5
4
2
1
i
29
T
2
1
2
3
1
3
2
7
4
5
B
1
1
2
1
3
£
5
2
3
3
2
b
A
1
1
2
1
63
11
4
1
b
h
L
]
1
L
1
1
1
4
1
176
STATISTICS Q¥ INCOME
TABLE 10,—Corporations, 1987, frequency distribution of returns with balance sheets i
showing assets of $250,000 and over by net income or deficit classes, croas-clasxified
by total receipts classes, in aggregate, and by major industrial
groups—Continued
[Net income OF deficit d aHK4 and total receipts claMA*
Xet lucome ora deficit
classes
Total reeefpta classes *
reTotal No
250
$00
ceipts trader 100
2.300 5,W0
1,000
750
under undw tt&ilSf under under under
100 tinder
250
1,1X10 2,500 5,000 10.000
760
5*0
WiOOQ
and
Over
MANUFAOTUEINQ: LEATHER AND ITS MANUFACTURES—E.TSTURNS WITH ISTET
INCOME ^
Under 1
1 under?--„ .
2 under a . . .r.
3 under 4
4 under £
Sunder 10.., .
10 under ifi
Hionder s s . . .
2£
underW ---HHinrlfir inn
1
1
ft
10
12
8
1
as
lTDfl0 under 5,000
6,000 and over., _
1
3
4
1
6
1
15
IS
40
41
34
1(1
7
£
1
25fl under SCO
2
1
3
8
a
1
2
2
2
6
1
2j
4
1
34
11
6
4
1
7
2
2
1
fl
25
g
1$
5
I
Total
i
2
1
3
3
i)
SO
29
12
1
3a
118
.
12
r
7
1
g
38
i
1
4
J
1
IT
8
MANUFACTURING: LEATHER AND ITS MANUFACTURES—RETTJRNTS WITH NO NKT
INCOME*
TJndSr 1
-
—
1 un/ler 3
2ua>i«r3
3 under 4. , .
4 imd*r J
5 under 10
W under 15
is undergo
20 under 35
25 under 50
6& under 100..
~ ~-.
100 under 250
250 undfcT JSOO
600 under 1.00C
I 000 under s,M0
E 000 and o~rtst
10
0
5
5
4
IP
IS
10
]
1
2
1
2
23
1
IE
IS
4
]
lfiO
Total
1
3
1
7
1
1
2
5
1
1
3
4
4
1
4
2
4
5
2
3
27
5
3
2
3
1
6
&
]
1
2
2
1
1
1
2
•
2
I
5
1
3
8 '
S
3
S
2
2
6 f -- .
1
IS
1
3
1
1
1
10
MANUFACTURING: KUBBER PRODUCTS—RETrft!MS W1TTT NUT INCOME^
Under ]
3
3
2
3uQrier4.
o
fl UCrlBr 10
10 under 15
15 wnfler 30
25C under 500 __
1
4
10
7
21
21
50 under 100
__
fiOfl Tinder I COO
1,000 under 5 000
5,000 Bud over
Toto!
1
i
1
2
2
1
i
1
2
1
1
1
1
as
12
3
1
3
1
10
2
!
3
For footnotes, see p.
14
3
10
0
137
2
2
I
3
3
9
1
3
2
5
4
3
1
3
7
2fi
S3
......
37
a4
J!
3
14
i:
4 '
1
4
3!
11
Ifi
177
STATISTICS OY INCOME
TABLE 10,— Corporations, 1937, frequency distribution of returns with balance sheets 1
skewing assets of $£SO,QGQ and over by net income or deficit classes, cross-classified
by total receipts do-S$V8, ifl aggregate, and by major mdiislrial
groups—Continued
[Net iTwome or deficit eUaw* and total rece^ts flasM* in thuntiMTid* of dolUts]
Total receipts classes *
Net Income or deficit
classes!
reTotal Ko
ceipts Under 100
100 ufider
600
nde
700
500
3,M0
1,000 2,1500
10,000
h
U trier under
ATld
2.500 5,000 under Over
10,000
MANUFACTTJRIKO: RUBBER PRO DUCTS—RE TURKS TVITH NO NET INCOME *
Total
2
3
3
1
2
1
I-I-I
Under i
1 undtr 2
2 undfrr3
9 under 4
4 under 5
.„.
Sunder 10
10 under 15
1H under 5f»
30 under 2S
25 under 60
SOunder 100
10O under 2 »
250 under 500
MG under 1,400
1,000 under 5,000
6,000 and over
1
1
1
1
4
1
a
ii
4
2
4S
1
l
l
2
1
J
1
j
2
2
4
3
&
1
1
4
I
3
1
1
1
1
8
5
3
1
1
1
a
17
3
1
1
MANUFACTURING* FOREBT PRODUCTS-RETURNS WITH NI;T IHCOME »
Under 1
? uniier 3
3 U rjQ4r 4
3fli
27 j
24 1
17
19
1
1
3
5 under 10
10 muter is
14 under HL .. .
30 under 25
2& under 50 „ „
BO under 100
100 under 250
250 under 500
SOO under 1,000. „ . „ .
1,000 under;5T0fl0
5,000 and uv«r.~
„
49
5+
W7
110
41
IB
2
1
1
Total ».„
n»
7,
n
MANUFACTURING:
Under 1
1 under 2
tunder3
4 under 5. . 5 under 10
10 under 15.
15 under 30
25 under so
50 under iofi
„ .
100 iiuder 2fio
250 under BOO.
500 under l,O(M)
. .
3,000 tinder 5j00D
S,000 and o v e r . . .
1
FOREST
68
30
20
30
so
54
10
8
Total
Tot footnotes, see p.
1
1
1
1
jj
1
11
2
1
2
2
2
2
1
1
7
4
6
2
14
8
3
1
7
1
1ft
11
&
7
a
31
rr
23
2a
44
IB
63 1 21»
0
s
4
4
13
19
15
IV
99
39
15
1
215
3
3
1
3
2
1
9
7
3
4
Si
3ft
11
1
1
8
6
1
37
3
16
3
4
115
223
41
2
2
3
1
1
]
2
1
P R O D U C T f l - R E T U R N S TFITl I HO NET INCOME'
ft
34
32
IS
31
1
1
2
1
3
3
g
4
4
4
S
2
3
s
10
i
3
1
4
g
15
22
1!
4
11
10
11
G
2
6
I
3
3
j
2
s
2
2
1
1
1
1
2
a
16
3
1
2
r
fi
4
S
3
2
2
2
7
f
I
2
1
2
1
IS
3
2
14
S
2
2
1
I
3
1
1
1
13
45
78
117
20
48
B
178
STATISTICS OF
10.—Corporations, i 937, frequency distribution of returns with, talance sheetsl
showing assets of $350,000 and over by net income or deficit classes, cro88-cla$si$ed
by fotolreceipis classes, in aggregatet and by major industrial prottps— Continued
[Net luamite « deGcit claiWM and total receipts rliir" la thousands of dolluia
Total reoeipw classes!
lS[6t income or d«B<Ut
classes'
reTotal No
ceipts
TTTldBT
100
100
750
1,000 2,500 6,000 10,000
250
500
under under under under under under udder and
1,000 2,000 5,000 10.000
250
7E0
MANUFACTURING: PAPER, PTJLP, AND PRODUCTS—lit TURNS WITH NET INCOME »
Under 1
3
13
U
ZtiPder 3
4 tinder 6
(under 10
10 under 15
15 under 30
SO under 25
29 under 50
AO under tQO , . 100 under 250 „
asauTi tier 600 .
600 under l,oon
1,000 under 5.000
$,000 and CTar
2
£
4
11
a
i
1
1
11
o
10
1
s
13
a
31
27
4
2T
24
1
2
1
*
5
s
lfi
u1
6$
3
1
4
4
3
27
fo
1
1
n
9
31
2
s2
4
11
Ifi
2
]3
«
73
105
jg
- -
12
£
3
I
23
12
8
13
20
15.
14
1
^
S
2
4
1
1
1
103
2
2
1
I
I
1
1
1
2
1
3
I
1
2
J
1
7
5
s1
3
2
1
w
3
3
1
4
1
3
3
5
a
4
4
2
2
2
1
1
1
1
1
1
H
:
1
Total
1
4
4
13
2
PAFKK, PULP, AND PRODUCTS- RE TURN'S WITH NO NET
INCOME »
MANUFACTURING:
R under 4. „ „
4 tinder £
6 uitder 10
in un^erlS
]^ under 20
E0 under 23
53 under 50
aatiodftruja
100 under MO
250 tinder-MM)
500 under 1,000
l,0W undsr 5,(XX) .
S,000 and over
t
t
$
3
1
12E>
2
4
5
1
7
91
27
31
tB
Total
Under l
1 under 2*.
1
133
1
7
IK
S3
21
3
23
MANUFACTURING-: PRINTINC!, PUBLISHING, AND
WITH NET INCOME «
Under 3.
.. ..,
23
) 1tl1fi*!T 3
SO
2 unrf*r 3
ft under 4
4 under 5..
5 under 10
10 uflder 15
IB under 2<K
50 un'ler 23
21
1?
14
fil
„
^
26 ufldeif fiO
50 uflder 100
TOO under 2S0
2sn under 500
600 under 1,000
.
l,O0fi under 5,000
5,000 amj over
..
II
1 ....
54
57
50
ISO
173
lft£
S3
i
7
1
i
I
10
7
6
1
1
1
IS
1*
4
ie
1
1
t
23
11
2
3
$
3
3
3
13
s
18
OS
38
g
20
16
42
56
23
1
£fl
1
1
3
1
2
4
3
6
5
21
J22
34
1
1
28
3
Total
footnote!, s&e p. 187.
J.
4
4
3
a
4
21
34
SO
10
]
1
6
32
230
193
97
134
1
1
1
1
1
7
17
SB
10
5
a
4
10
14
8
es>
SE
a
is
179
STATISTICS OF INCOME
TABLE 10.—Corporations, 193?', frequency distribution of returns vrilh balance sheets t
shovjinff assets of $360,000 and over by net income or deficit classes, cross-classified
by total receipts classes, in aggregate, and by major industrial groups—Continued
idsftfdoUan)
[ N e t Income or deficit cincpao a n
Total receipts classes *
Net income or deficit
classes *
N
Total ceipts
500
750
1,000
2,500 5,000 10,000
100
250
Under under
under nnder under under under ' under and
100
T5O
500
1,000 2,500 5,000 | 10,000 over
250
MANUFACTURING: PRINTING, PUBLISHING, AND ALLIED
WITH NO NET INCOME '
Uider l _
1 under 2
20
15
1O
11
8
52
32
30
10
30
IB
22
3 under 3
£ under 4
4 under 5
S u n d e r 10
10 wn<Jer 15 _
IB under 20
•20 under 3 5 . . .
25 under K)
50 under 100
]0C tinriar 3150
E5O Uttdftr 5H>
£00 under 1,000
l.fiOO a a j ^ r 5,OQO
5
1
1
i
£
3
1
i
2
3
2
15
B
8
4
1
r3>
7
8
2
5
3
9
12
s4
11
3
2
1
1
4
1
11
7
1
a
4
2
1
INDUSTRIES—RETURNS
1
1
1
1
1
1
1
5
ft
1
3
1
2
4
1
4
G
i
3
1
2
2
4,000 and aver
Total
MO
15
44
1
1
5
1
1
1
IS
22
72
1
1
e
CHEMICALS AKX> ALLIED PRODUCTS—RE TURNS WITH N E T
INCOME »
Uti(i*r 1
1 under 2
2 under 3
.
^. .
3 uuriQr 4
4 tinder £
6 under 10
10 under 15
15 under 20
30 under 25
2S under GO
60 under 100
100 under 250
250 under 500
BOO under ] ,000
1/KJO under 5,000
6,000 and over
Total
.„-
3
10
14
15
10
17
4ti
iS
MS }
35
IGfl
1G3
164
fKi
63
04
11
1
067
1
3
2
a
9
I
2
A
7
3
10
13
13
17
12
41
30
3
5
n
£
2
1
23
13
&
W
17
175
2
2
1
4
1
15
6
14
5
4i
41
10l
155
a
2
1
2
1
7
3
26
34
10
3
113
2
0
g
1
10
7
33
47
SI
37
5
22
27
3
3
26
343
90
1
4
IB
17
19
30
11
MANTTrJlCTURTNG: CHEMICALS A N D ALLIED PHODUOTS—RETURNS WITH N O N E T
INCOME i
Under l_ r
__ _
£ UDder 3
3 under 4
4 under a
B under -|fl
if) under is
15 under 20
2Ounrier 26
25 under 50
50 UT*d*r 100
iflO under 250
BGO under 600
500 under 1,000
1,000 under E,(HJO
5,000 and over
«
37
17
1 under 2
i
0
]
7
1
32
30
19
10
26
25
22
1
11
4
]
1
1
I
1
1
I
4
3
2
3
1
5
J5
4
1
aI
5
4
3
5
2
1
s
s
3
1
2
1
4
a4
1
2
3
6
1
1
!
3
5
2
1
2
3
4
8
1
1
3
1
1
l
U
s3
1
1
1
7
1
1
1
4
3
i
l
..
Total
238
Tot fontnotoa, see p. 1ST,
S
40
10
41
11
I
180
STATISTICS OP INCOME
10.—Corporations, WS7, freqiitncy distribution of returns tmih balance sheets l
showing assets of $250,000 and over by net income or deficit classes, cross-classified
by total receipts classes, in aggregate, and by major industrial groups—Continued
[Net Income or deficit ria
i and total receipts claeeoe la thoumde of dollars]
Tola] receipts --losses *
Net income or deficit
classes*
>J0 reBOO
ceipts Under 100
MO
under under
100 under
MO
7S0
1,000
2,500
5.0C0
under under under
_-,_SO0 5,000 10,000
600
laooo
find
over
; PETROLEUM ANH OTHER MINERAL OIL PRODTJCTE—RETURNS
WITH NET INCOME *
Under 1
1 under 2
2 under 3
3 under 4
2
2
..
2
7
5 under 10
1JI under 20
20 iind.>r as
15 under 60
. ._._._.
50 under 100
100undor250
25(1 undet «O
SOOunder 1,000
1,000 under 5,000
6,000 and over
Total
a
2
3
1
I
l
1
l
1
1
1
2
a2
1
33
28
IS
14
17
IBS
_.
1
2
3
3
3
1
2
2
9
3
2
12
3
2
7
1
1
4
1
a
13
13
2C
J
1
1
7
4
22
2
I
16
15
«
MANUFACTUEINQ: PETHOI-EUM AND OTHER MINERAL OIL PRODUCTS—RETURNS
WITH NO NET INCOME *
Under 1
1 under 2
_.„_. „_
7
3
2
4
5
3 under 4
6 under lit
10 under 15 _..._. -._.-.__.
1 o under 30
20 under 25_.
£5 under SO . . . . . . . . , .
fift.iinripr inf.
100 under 260.--.
350 under !500_
- ..
1.000 under'5,000.
6/XW and ovet- r -
a
4
2
I
l
1
1
1
i
1
2
i
1
2
2
l
1
2
1
1
1
L
1
1
I
1
1
J
1
1
1
a
1
i
l
3
..
5
i
'
1
i
l
2
12
6
12
t
2
3
1
Towl
1
.... _
6
6
l
e
20
i
„.
7
6
s
MANUFACTURING: STONE, CLAY, AND OL.ASS FKODUCTE-HETTJEME WtTE NET
INCOME *
U n d e r 1 __.._.
1 unrtpr fl
2 under 3 . . . . . . ^ . . . . .
in lindar lft
16 undsr 20
2B tllMl&F SO
W ufi(l er 1 fiO
i n n T.niipr e.efi
«_TM1 i i n r l p p 1 fllWl
1 000 under 5 000
5,000 and over
Total
B
12
11
5
28
1
2
1
1
71
1
se
1
37
33
1W
s
1
54
I
2
s
7
14
3
7
14
24
1
i
1
]
4
1
a0
2
2
4
IS
SB
10
2
_;
IB
*
For footnotes, see p. 137.
IS
2
10
no
1
1
10
18
4
<501
1
SB
4
3
2
13
SO
It
lft
3
129
1
3
10
id
10
33
1
4
1
1
7
5
11
4
13
21
181
STATISTICS OF INCOME
TABLE 10.—Corj>oralion$r 1937, frequency distribution of returns with balance sheets 1
showing assets of $250,000 ana over by net income or deficit classes, cross-classified
by total receipts classes, in aggregate, and by major industrial
groups—Continued
I Net Inoom* or deficit cUmctn and. total receipt* tlftBW* n thoq*frnd» of dolfor*
Total receipts classes 3
N*t income or daflcft
classes "
Total Noracelpts Under 100
2S0
900
1,000 2,600 *,000 10,000
under under under li oder uiider udder and
1D0 Diider
£,500 5,000 10,000 over
260
£00
760
ljOOD
MANUFACTURING: STONE, CLAY, AND QLAS3 PRODUCTS— KETURN3 WITH NO NET
INCOME "
o
3
7
2
Under I
24
i
1 under 9
2 under 3
3 under 4
JO
12
15
•.._
£ under io
45
20
20 under 26
18
42
21
14
10 under 15
25 mirier Hi
50 under lOfl
100 under 250
260 under 500
600 under 1 000
1!
i
l
1
4
4
4
10
4
a
2
I
10
3
1
10
*
1
2
4
4
16
9
5
13
1
1
14
9
2
i
3
3
6
4
s1
1
2
1
1
1
1
1
1
2
1
i
1
1
2
2
3
t
1
j
3
3
3
2
1
2
1
2
3
34
9
5,000 and over.
sea
Total
69
m
IE
2
MANUFACTURING: METAL- AND ITS PRODUCTS—BETUEN8 W I T S STET INCOME
UndM l
1 iinriiT 3
2 under 3
40
. _,
.
1
50
44
4 under 5
•5 under 10
4ft
„
162
141
Iliimiflr 3fl
Sounder 25
50under 100 . . . .
100 under 250
350 under HW-.
M0 under 1,000
,.
] ,000 under 5,d00
,.,
fl.000 nod OTOT
,..
2
1
3
g
13
1
1
10
7
7
It!
1
3
I
121
533
1
3
em
«S
Total
66
53
4
2
2
&6
23
4
30
39
SC
24
ISO
16ft
15
24
14
17
63
144
80
a
ISO
..
S
17
21
26
22
D
IP
6
4
9
1
21
18
130
18?
l
1
3
ft
3S
1OT
109
8
18
139
22
2
175
1
6
3
73
lft
3a
3.356
4
IS
146
570
570
1
47
1
1
1
9
4
211
165
1
fi
6ft
69
38
MANUFACTURING : METAL A N D ITS P R O D U C T S --RETURNS WITH NO NET INCOME*
Under 1._.-_-_1 under 2
£5 under 50.
60 under 100. . .
100 under 2 6 0 . . .
250 under 300
GOO under 1,000
J,000 under 5hD00
SB
S2
44
25
SO
103
*
Total
71
67
S3
12a
104
3
1
12
7
5
4
1
2
1
1
17
11
S
10
22
11
2
12
17
g
e
s
19
15
11
7
3
n
3C
11
12
IS
G
o
11
26
13
20
13
IB
31
2
1
3
3 under 4
1 under 5 *
6 iindw 10
10 under 15
lfi under 30.. . .
20 under 25
.
•J2
7
1
2
T
4
1
2
9
S
4
4
lft
7
3
4
7
3
817
For footnotes, see p. 187.
IS
in
132
IS!}
122
71
6
4
4
2
B
7
2
1
I
6
7
23
24
17
4
1
1
120
1
1
a
1
2
7
a
2
2
5
1
1
2S
15
2
3
I
2
182
STATISTICS OF INCOME
T A B L E 10,—Corporaii&ns, 1937, frequency distribution of returns ipith balance sheets 1
showing assets of $850,000 and over by net income or deficit classes, croaa-cla&sijied
by total receipts claques, in aggregate, and by major industrial groups—Continued
[Net bnadne or d*fldt dMta andtotalrecelptad u a « in UiDHBan4» of dollars'!
Total receipt! classes *
Net income or deficit
classes *
Tot*] ceipts
Under
100
7J5O
1,000 | 2,500
6,00ft 10.00C
500
under under tinder i u n d e r , under and
450
300
1PQOO
750
MANUFACTURING: MOT0K VEHICLES, COMPLETE
NET INCOME!
Under J
2
1 under 3
4 under 5
A under 10
10 under 15
IS under 30
20 under 35 - . - 2fi under 50
firt iit|rjor irtp
100 under 3B0.
250 tinder SCO
BOO un^fT 1,000
1,000 under JMMO
5,000 and over
2
J
3
2
3
6
.
1
2
0
20
at
-
.__
Total
OH PARTS— RETURNS WITH
1
1
2
1
1
I
2
1
1
3
2
1
38
17
21
6
i
1
l
1
1
1
3
3
1
1
1
11
9
19
5
l
1
176
5
14
ovar
10,000
20
13
50
1
1
2
11
E
3
2
24
IT
1
2
4
17
4
MANTJFACTUBINQ: MOTOR VEHICLES, COMPLETE OR PARTS—HETTJRttS WITH
NO NET INCOME '
Under 1
1 under 2
2 under 3
0
1
2
% under 4
.„*
4 under 5
„
Jinndef ift.
__
19 under S5
LI under 20
20 under 25 ~
3S Under 60
,.,
SOunder 100 __ ,
1M under 250
25C tlttd*r $00
60C un<1fr],0O&
1,000 UQtler 5,000
•8,000 and ovet
„_
2
7
1
2
3
12
0
in
2
41
1
1
1
1
2
1
1
2
1
1
1
1
1
1
1
1
1
1
1
2
1
2
1
?
4
1
2
1
2
1
2
1
1
1
1
i
1
i
1
2
*
Total
62
3
G
9
SO
2
«
9
MANUFACTURING: MANUFACTURING NOT ELSEWHERE CLASSIFIED—RETURNS
WITH NET INCOME*
Under 1
1 under 2 ..
3 under 4
_
4 und er 5
6 undur 10
10 under 15
13 uitder 20
2(] under 35 50 und«r 100
100 under 2Mt
250 under 500
500 under 1.000
1 000 under -5,000
^
.
32
U
1
I
-
3
3
A
5
2
F;
l
95
59
1
1
E
3
e
13
7
0
2P
J7
g
6
35
13
40
2*
20
.
1
2
15
5
5,000 and over... . . .
Total
2
10
4
3
1
6
10
22
14
3
1
1
%
22
ift
IS
2
]
2
2
17
21
1
3
11
2
*
M
21
ft
I
«
For footnotes, sec p. 1S7.
2
102
*
2
1
j
12
1
£1
183
STATISTICS OF INCOME
T A B L E 10.—Corporations, 1937, frequency distribution of returns ivilh balance sheets l
showing assets of $So0fiOO and over by ntt income or deficit classee, croex-clatNtified
by total receipt crosses, in aggregate, and fry -major industrial grow*—Continued
[Net Inuipe or defletl clnuea and total reeaJpti C U M H In Ibpuwute of cHHl»»]
Total receipts classes *
Net Income or deficit
classes *
Total No re-
250
500
7B0
100
],000 2,600 S,000 10.000
Under under
trader under under under under under
100
2S0
A00
10,000 over
1,000
MANUFACTURING: MANUFACTURING KTOT ELSEWHERE CLASSIFIED—RETURNS
WITH NO NET INCOME *
Under 1
1 under 2
.
3- under 4
t undCT *>
6 undtf io
It-under IS.
IS under 20
....
2
s
2
10
5
3
22
36
14
5
i
6
2
4
1
2
1
1
1
19
34
SB under 50
Hi under ioo
100 under 250
2-MJ under 500
500 nndtr 1,000
1,000 under fi.000
5,000 an<3 over
Total
IS
i
2S
12
2
4
4
I
4
2
4
1
5
I
3
8
10
ei
1
2
1
2
4
3
3
3
2
1
fi
2
t
i
B
j
I
1
1
1
„
2
1
3
2
1
o
1
1
_
e
205
20
27
3
3
CONSTRUCTION—RET URN'S WITH NET INCOME
Under I
^
1 H E I I C T 2___ __
2 nrsrW a
3 under 4
4 undef 5
Sunder 10
-^
10 under 16
15 undnr 20
3J under £5
2ft undpr £0
WuDder 100 .
.
IPO under 260 .
250 under SW
600 under 1,000 . „ „ „
l r 0M under 5,ftX)
•5,000-and over >. . . .
1
34
34
25
21
](!
81
Jft
7
e4
2
is
43
10
6
a
10
4
127
SO
84
as
ai
g
&
4
4
1
JP
a
10
3
1
4
11
1
9
1
20
11
10
9
21
7
LS
3
1
3
s4
14
g
12
6
aa
10
2
i
4
3
I
2
3
7
75
9
131
103
1
1
1
2
1
13
fj
14
R
21
12
30
23
12
32
%
117
10
I
6
Total
1
4
4
72
A
15?
I
1
2
3
2
1
2
1
I
6
3
3
46
16
11
CONSTRUCTION— RETUENE1 WITH NO NET INCOME *
n
Under 1
1 under 2
3 under 4 -~,
4 tlndrr J5.
Jj under 1 0 . .
30 under IS
M under 35
•Vi Milder 100
100 under 250
250 under £00
£00 under 1 000
1,000 under 5,000
6,000and over..
7
2
21
1
60
34
34
g.
3
3
44
3
32
IS
s
22
ft
7
2
1*5
fi
8
8
12
6
4
For footnotes, see p. 157.
S
3
4
2
12
4
2
4.
3
1
IS
6
7
3
9
7
6
4
&
10
1
7
I
4
2
2
1
4
8
1
1
g.
1
1
2
1
2
3
4
2
1
2
......
1
2
2
4
.
4
4
3
3
I
2
1
2
1
3
1
j
2
2
1
1
1
Total..
13
104
?&
1
-4
184
STATISTICS OF INCOME
ABLB 10.—Corporations, 1987, frequencyrfv'strt&uKn-ra.of relitTms with halance sheets 1
skowitUf assets of $250,000 and over by net income or deficit classes, cross-classijied
by total receipts classes, in aggregate, and by major industrial groups—Contnmiud
(N*i ijwotne AT deOelt elaaaeo and total neeetpCs
D (boralands of dauara
Total rec^ipte classes J
Net income •or deficit
classes a
reTotal No
250
500
ceipts Under 100
750
1.000 3,500 5,000 10 000
under under nnder under under under nndnr nnd
100
500
750
1,009 2,500 6,000 10,000 over
T R A N S P O R T A T I O N ANTJ OTEIEE PUBLIC UTILITIES— RETT7RNS WITH NET INCOME »
Under 1
1 under 2 ... ... •
2 under 3
3 under 4 , . , . , ,
70
40
-
4
1.
2
<ki
28
139
109
1S4
123
414
380
5 andftr 10
20 undfr 2.1
60 under lOfl
100 under 25C . . ,
2J5O und or CM
600 under 1000
1,000 under 6,000. . . . . .
6,000 a n d over
Total-
•lay
137
173
53
2,604
3
1
1
2
2
S
2
3
29
38
22
27
22
13
61
69
eft
43
17
a
13
3
2
4
3
2
1
1
1
1
10
9
2
2
1
1
S
24
3S
4S
4
0
1U
29
01
1
j^
120
144
11
60
M
42
IS*
21
1
1
Ml
4
ft
3
53S
50
17
2*
18
»4
123
69
17
8
7
S
4
1
11
60
13
21
17
2
25
5
,01
129
2
1
1
as
42
icta
42
7
346
33
160
1
1
72
52
TRANSPORTATION AND OTHER PUBLIC UTILITIES— KBTUBN8 WITH WO NET
INCOME *
Tjnder 1
.
178
E6
59
3 Muil&r 3
BS
M
157
117
84
18fi
23 UnriiT 50
SO under 100
.. .
90
Ml
43
56
11
Ssfi under BOO
$00 under 1,000
1 000 under 6 000
5,000 and over
Total
.-
„„
1,43?
IS
3
4
3
94
38
1
0
2
2
1
A
7
ft
34
SI
as
as
24
AS
30
3
30
11
13
IE
lt>
45
27
21
IE
8
2
0
5
12
13
10
S
5
i
2
3
6
2
a
e
17
7
34
IS
7
2
2
33
7
4
3
d
14
0
7
1
1
175
«
72
62
10
2
2
1
3
1
i
3
4
5
6
2
I
1
i
20
11
5
I
I
1
17
11
117
7
1
1
2
11
9
2
11
33
11
at
IIS
TRADE—KETURNB WITH N E T INCOME
tnd*r 1
1 untie* 2
S under 3
2fig
223
IS4
177
lfil
759
... ......
(WO
10 under 15
537
15 under 30
£09
20 under 25 . . . . . . . . . . .
1.530
25 uTirior BO
1 039
£0 under 100
S
1
3
1
1
1
20
22
116
a
20
13
15
14
J7
G4
25
54
45
35
32
49
27
174
12ft
1J4
3.1
26
137
1V4
£SS
101
IS
aa
a
*JS
51
17
T
721
243
107
260 under 500
J00 Linger 1 MO
1,000 under 5,000
32
26
2S
17
17
1
110
114
07
1
54
11
23
'A3
2*
97
R&
70
S7
1*1
1JW
JS3
6
6
0
47
32
7,229
For footnatfis, see p . 387.
IC
157
1.MIT
lGfi
as
ao
S3
2
1
5
o
3
1
1
2
a
fi
11
6
4
s
ID
I3fi
28
4
1
1
13
Total
41
41
$77
4flA
Ifl7
01
SIS
241
11(5
9
4
4
3]
S52
S
17
61
02
54
79
321
STATISTICS O r
185
INCOME
B& 10.— Corporations, 1987, frequency distribution of return* with balance sheets l
showing assets vf $$50,000 and over by net income or deficit classes, cross-classified
by total receipts classes, in aggregate, and by major industrial
groups—Continued
[Net tnttutte or deficit classes aod total receipts d
in HuxwajadA of dollars]
Total receipts cl&sgfta *
Net income or deficit
l
*
reTotal No
ceipts L- ndcr
100
100
250
under under
500
350
SOO
under
750
750
under
1,000
1,000
undor
2,500
5,000 110, DflO
iirulnr i jind
10.OD0 j OVftT
THADE—HETtRNS WITH NO N E T INCOME I
I under 2
Zundt'f 3
J under 4
- -
. ---
5 under 10
in Tinrifr 1.1
15 under 20
20 under 25........
SOS
ISO
136
117
100
225
103
MO
114
SO
26
JO tmdcr 100
•2W ufldftr fioO
11
34
43
l
l
17
15
n
ri
4
3
34
24
11
36
36
63
E7
s"
2
3
1
1
2
13
]3
24
7
2
30
7
30
54
26
20
12
11
15
9
27
29
12
11
.11
3$
12
S
1
2
12
70
49
21
27
21
1
1
27
18
17
11
10
37
15
12
9
27
14
7
1
3
1,000 under 5,1)00
62
31
SO
19
68
60
26
82
61
18
5
IS
10
6
fl
157
10
7
22
IJv
SO
7
2
4.
1
a
2
12
1
4
6
1
7
7
17
U
7
1
1
7
3
5,0*3 and over..
2,166
Total . „ .
34
307
271
386
270
SO*
407
150
flO
36
SERVICE: PROFESSIONAL, AMUSEMENTS, HOTELS, ETC-RETURNS WITH NET
INCOME *
Under I
1 under 1
1 under 3
3 under 4
375
17S
.....
5
1
inn
1OB
79
123
4 uodsr 5 . . . . .
5 under 10,.
15 under K
BO under 2S
SS under .*0
. . .
so under lflfl
100 under 260
230 under J5flO _ . . „ .
BOO under 1.000 __
1,000 under 6.000 . .
fl,0OO and over
407
232
147
121
385
252
HJH
71
2
3
4
I
5C
8S
4K
1C
1
15
2
1
1
30
25
a
m
41
62
30
47
130
40
U
2
35
S3
32
3
13
4
2
4
10
U
46
43
1
1
39
27
7
1
1
2
1
2
4
4
2
5
Kf
7
14
1
2,7913
Total - , - -
293
23
104
1,003
1*7
iai
2
1
4
7
IS
14
10
3
1
1
S
4
0
5
83
SI
1
1
3
fi
1
SERVICE: PROFESSIONAL, AMUSEMENTS, HOTELS, ETC.—RBTTTHKS WITH N O N E T
INCOME *
T'ndftf 1
\ under 2
..„
2 under 3
Synder4
4 under 5
5 under 10
10 nndor IS _ .
15 antler so
ZOamiorM.
EianderSQ
.
flf) andnr ifift „ . . . . .
100 uTxier 2C0..
250 under SOfl.
GOO under 1,000.
1.000 under 5,000
5,000 and over
Total
&i&
418
SIT1
2R7
242
532
49ft
314
210
462
2S0
1B3
42
!7
7
...
4,002
YorlootQCItea, see p. 137.
28
.1
10
r>
ft
ir>
6
2
7
g
1
C80
91
HM
40
304
18ft
(13 L
£11
ias
102
173
57
23
&
1
27
a
10
g
36
38
3&
C5
10
a
3
6
5
2
ir
3
4
1
2
4
32
23
lti
15
33
IS
5
0
i
2
1
1
1
2
113
46
30
S2
131
12fl
83
74
173
01
37
3
3,142
374
136
5
4
I
1
1
fi
1
1
1
1
3
1
£t
17
2fi
S
4
2
3
5
7
3
4
I
97
28
1
2
I
S
3
1
1
2
1
7
3
186
STATISTICS OF INCOME
10.—Corporations, 198?, frequency distribution of returns with balance sheets1
showing assets of $350,000 ana over by net income or deficit classes, cross-da$*ified
by total receipt* classes, in aggregate, end &^ nwyor industrial groups—Continued
d total receipts d i
[Net Income «r d
i (n tbHHaikde of doltara]
Total receipts dosses
No reTotal ceipts
250
Under 100 under
100 under
600
230
Ket Income or deficit
classes'
B00
nde
750
under
1,000
2,.™ 5,000 110, 000
1,000
uadec uudor under ' and
2,500
10,000 i ovtsx
FINANCE: BANKING, INSURANCE, BEAL ESTATE, HOLDING COMPANIES, STOCK
AND BOND BROKERS, ETG.-SBTGRN8 WITH NET INCOME \
Under]
1,426
3 under 3 *
3 under 4.
1,1G2
1 rinder 2
4 uadnr 5. £ under 10
10 under lfi , ,
2fl puller i t . . . . , . . ,
25 ander 60
50 ander 100
100 under'250
280 under J500
600 under 1,000
1,000 under B,0O0_ _
Total
830
2,68©
1,1*50
031
Ms
362
3(19
271
216
856
(HO
6
5
5
4.
811
639
609
1,773
1A
£00
ao
23
a
849
355
220
314
580
461
174
113
j<*
32
1
1
1
3
614
as
143
50
22
16
73
22
11
15
27
14
13
2
is
91
67
27
fi
s
2
3
1
fc«7
15,73c
1
17
15
11
3
312
1 GH
1,043
6
417
1
i
i
1
7
a
id
g
0
l
6
14
44
30
23
10
2
1
13
2
11
lfl
20
in
68
49
2
7
35
FINANCE: BANKrNTO, INSURANCE, HEAL ESTATE, HOLDING COMPANIES, STOCK
AND BOND BROKERS, ETC.—RETURNS WITH NO NET INCOME *
Under 1
i under 2
S33fl
1,067
754
570
606
3 under 4
4 under B . , . . .
5 under 10- 10 under 35
15 under 2 0 . . .
902
11
3fl7
385
361
9OQ
529
4
351
232
241
flSft
375
183
162
'ft97
20 I'Tider 2 6 . .
25 under M .
50 under JflO.
100 UDder 260 . . .
iflOimeterBOO
500 under 1*000 , 1,000 Ufl dlie S.COO .
5,000 andover..
1 316
.
..
3B7
84-t
SflT
3^2
ise
74
IT
.~.
Total
32S
1B4
460
W7
43
43
12
5,817
3
3
3
31
13
6
1S2
114
25
11
7
7
175
4,400
1
5
2
3
2
3
7
13
10
IS
4
•2
67
1
£
22
1
2
1
3
1
1
1
2
4
1
1
2
4
11
1
4
1
I under3
9 under 3
? uf>dnr *
I
6
1
1
1
2
20
16
4
4
2
...
1
3 uiidcr 1 0 . . .
10 under 15
15 under 20
to under 25
23 under 50 ,
j
.
•SQ under 100
100 under 250.
350 under GOO.
_„,,
500 under 1,000.
l,00n under 5.C0C. . . .
5,000 end over
...
Total
1
1
3
a
•
For footnotes, Bee p. 187.
t
£
NATURE OF BUSINESS NOT <[5IVEN— RET TJRN S WITH N E T INCOME »
UndeT ]
1
1
•
IS7
STATISTICS OF INCOME
TAB LB 10.—Corporations., 1937, frequency distribution of returns with balance sheets •
showing assets of $250,000 and over by net income or deficit classes, cross-classified
by total receipts clmses, in aggregate, end by major industrial
Qrcupz—Continued
[Net Inwtte or defldt due
lota] r*e*ipt8 cluawc In timewide of dollars
Total receipts classes t
Net Income w1 deficit
classes
reTotsl No
ceipts Uodcr 100
100 undw
250
2S0
SOO
750
1,000
a,soo
6.000
Mo'
760
'l,M»
2,800
5,000
10,000 •ovor
10,000
NATURE OF BUSINESS NOT GIVEN—RETtrRKTS WITH NO NET INCOME *
Under 1.
1 under 3
2 under 3
3 under 4.
1
1
.•> imdpy ID
Ifl under \H
1flTinrl*T2ft
A
3
2
3
9
2
1
1
35
34
20 uader 25_
36 under 150
J9) under UTO.
inn under 2.W „ . „
2W under WO
650 u miff 1,000.
1,000 under 5,000
6,000 and over
,
Total . .
IT
*
a
i
l
l
i Eiclad« returns for inactive mrporations and returns with fraRmentarytoalanoesheet data.
t "Xet In come" at "deficit" la the net income for ewifsa-proflts t»x computatton (item 58^ acliedul? A, p. 2,
Form 11M1 wblcb Is equal to the dIfficrGa« ^etweea "total Saconie" and "total deductions" (Items 14 and
27r respectively, schedule A, p_ S, Form 11M). The dasslflettion of the returns t>y net income and deficit
d«sees is based on net iqoom« for eE«SS-piotitS lax comDutatioii, For comuariaoD of the amounts of net
JDCome for 1(107 and 1936 with those tor years prior to 1936, see p. 3. The difference btfTireen 1037 and 193»
in3the bases of the classification of the returns by net income and. deficit classes is stated oa p. e.
The classification Is based an rfthe* "grcas SAies 1«S9 wturns &nd allowances where iaventoriea are an
iacGiue-deterrniDtug factor" (item 1, schedule A, p. 2. Form 1120) or "gross receipts from operations where
Innentories arc not an incmne-determinlng' f&ttor" (Item 4, schedule Ah p. 2; Farm 1120), or the sum of both
when reported on the same retain.
18S
or INCOME
TABLE 11,—Corporalittns, 1937, freqwnsy distribution of returns with balance sheets,*
by net income or deficit classes, tro$s~c(a$3ified by total assets classes, in aggregate,
and by major industrial groups
[Net income w deficit classes and total mawta cl«eri In thousands ai dollars]
[Forteit defining «rt4ln items and describing returns include;], see pp. 1-0 and 31]
Tctul assets clasws >
Net income or deficit
classes'
Total
50
U n d e r under
50
100
100
250 I SCO 1,001"!
unrler under | un^er undir
500 I 1,000 I 5,000
350
AGGREGATE—RETURNS "WITH N E T IMCOME *
TTndorl
63,100 46,337
S.&94
11,0(53
4, &irj
3,2%
2,332
1 UD'J&T 2 . . . . . . . . . . . .
13,601
9,29ft
3 unflcr i
7, 12S
4 under S
5 Under 10. . .
. . 19,823
9,727
10 u n d e r IB
IS under 20
._~~.~.
20 u n d e r 25 _ „
4, OflS
2!> u n d e r 50
SOunrier l[W
6, IK)
100 under 250
2oO under 600
i, art
SCO u n d e r 1,000
1,059
1,000 nnder MJOQ
1, ois
5,000 a n d o v e r . . . . . . .
242
sunders.
.
Total
121ft
£091
1909
1,078
4S3
241
307
Rl
lfl
4,741
1,801
7flO
401
143
36
1
1
2
3 3&S
2,564
2,131
1.814
e.oso
2.002
2,317
iSfi
e3
1
],R3O
J KiO
1, IIP
PET
733
4&4
318
294
372
151
2JS
VS.*,
1 400
1.6S1
1. 204
996
3r
!oU
131
MR
lic35
l,0ft3
8 1 .•>
floe
441
1,578
1.JM14
l,!l+fi
2(i
4
ICfi
7$, 310 20,092 31,661 16,576 10,781 U..57S
14
e
11
17
fl
1GB
2
p
4
10
24
lft
17
73
353
S7O
270
218
219
303
"l
47
1.763
1,621
43
63
i
I
3
1
1
t
I
5
7
2ft
47
147
201
A G G R E G A T E — R E T U R N S WITH NO N E T INCOME :
Under 1
?under 3
3 under 4
R under 10
10 under 15
15 under 30
20 under 2b
50 under ]00_
100 under 2W
2 » under 500
SOO uqrlor 1,000
1,000 under 5.OOO
5,000 and over
Total
130^052 1(11,4(58 '14, 5*1
35, 048
"" 5,271
17, 441 10,430
10, fl74
7,375
17,208
7.005
3,540
2,285
4, fi#
2,485
1,3S2
4M
215
171
32
237,067
I
1,915
732
3S4
MB
145
6*
30
2.830
] , 149
444
4.129
2,693
1,831
1,356
3,511
1,527
SOS
308
70
17
3,616
1,202
9)0
732
Cia
1, 9W
J.O09
•9215
767
348
134
IS
aw
(532
SIB
an
av.
216
1, 1(M5
7M
479
3*7
829
465
20R
33
10
6
7RO
IU.^
44)0
331
flfifi
83B
J5SR
15S
Zf,
Wt
2
1,040
17
6,322 '
158,41181,146
I
54
in
16
9
!W
5T
43
33
131
120
160
77
44
12
2
2
3
7
2
34
25
IS
16
64
US
136
SX
71
37
4
BS7 !
i'
-4
1
1
1
3
n
is
4S
SKI
103
AQRICUEiTURE A N D R E t A T B D IMDUSTRIES—RETURNS WITH N E T I N C O M E '
Under 1.—
1 under 2. „ . .
2 andor S_^
3 undcf 4
4 ljudvr J, . _ . „ . _ _ _ .
E under 10
10 under 15-. *.
15 under 30
70 under 25
-,25 under M
•50 under 1Q0
lttl uniier asfi
250 under 500
£00 under 1,000
1,000 under 5.000
£,000 and over
Total
7S5
?S8
103
131
Bl
288
140
93
rjo
121
BL
5*
IS
475
LIU
C4
4?
15
45
1G
iav
1!
3
3
1
10
47
35
15
60
27
12
3
3
1113
54
4S
30
31
103
43
30
1$
M
13
1
1
40
ia
21
13
10
41
S3
2.1
13
31
11
$
522
2S7
10
1(1
0
s
4
]8
22
S
3
2fi
20
11
2
5
1
2,327
For footnotes, see p. 209.
7S3
41?
JUS
4
2
ft
1
18
10
]0
J>
2a
&
31
2
2
4.
A
4
4
1
3
3
4
23
11
1
1
1
189
STATISTICS OF "INCOME
11.—CorporaftAne, 19371 frequency distribution of returns with balance sheets,1
by net income or deficit clasps, ttross-cltiGsified by tdal assets classes, in. aggregate,
and fry major industrial
grvtt-psCtii
In thou iandg O 'dollars :
[Net Income « deficit rfmwesmud fatal
Total assets eifisaes J
Not incnir-e nr deficit
classes '
Total
50
l under
w
100
100
250
500
1,000 S,0O0 10,000 50,000 100.000
finder uuOer under under Under under under and
250
10,000 50,000 100,000 over
1,000
AQBICTJLTURE AND KTCLATED IXIrtJSTIUES— &ETUItN3 WITH NO NET INCOME »
TTndtrl . „ „
1 under 2
Sunder 3 .
3 under 4 . „ - ^
A under 5
^
•5 under 10
10 under 15
IS under 20 _ ^ _
SO under 26
_ _
25 under 50. _
_, _
50 under fCO - - . IDC iinder 330
2fi0 underpin
2 1«6
fiS7
33$
3M
ISO
£02
MS
105
SS
3A7
173
118
72
136
43
1
6
12
aj
s2
J55
139
El
60
52
94
36
11
3
D
2
1
1
500 under l.ooo
241
91
67
45
45
149
SO
40
IS
28
5
33
IS
£2
ia
do
30
10
2
g
13
JO
34
22
16
7
33
12
&
30
13
S3
5
4,710
e
1
11
4
1
2
2
1
1
12
3
1
1
5.0CC and over
Total.,
1
1
7
l
l,Cflfi under 5,000
9
&
&
4
2^386
BIS
791
195
140
NTO ATTD QUERYING—RETUBlSrS "WITH NET INCOME*
Under 1
1 075
471
2 under 9
S tinder 4
4 under 5
,, „
10 under 15
ID uiider 20 .
sounder 2S
B07
177
an
?fi under 50
£0 under 100_ ,
iflO unfler 2/iO.
2oO tuldftr 500
3«> under 1.000
i,000 under 5.000
ftjfXJOft111!over. _
..
14<1
sea
"flS
254
177
95
74
179
31
16
39
6
2
1B7
97
44
34
134
50
34
25
23
4
72
125
67
57
as
33
97
73
100
46
6
1
53
37
14
Total
4,498
814
45
33
S3
11
2]
S
1!
ti
7
la.
42
32
3a
lfi
22
57
91
ao
71
33
2
1
493
Q U A R E Y I N " G — K E TTTRSTS!
Under 1
] under 2
.
2 under 3
3under4.^..^ ^
4 under 5
J5 under 10
10 under If
2 694
r
253
30 under 25
25 tinder 50
iO tintiw 100
250 uiidsi 500
500 under 1,000
-.
WWC und OTe'r
.
7flO
396
527
JM
"21
Jll
30
16
5
so
12
IBS
1119
2W5
111
7
322
14$
73
48
46
ins
57
37
77
Si
l
1
1
102
£
5
SO
17
385
-J3
76
4
S
10
17
21
4
1
2
a
5
e
70
11
7
28
2-1
22
n
42
tiC
26
2
1
as
15
20
15
10
39
33
17
60
SI
35
SB
1
1
4
1
7
5
2
1
2
1
5
1*
30
5
4
s1
1
aw
For footn&tus, sou p. 205.
1
WITH NO NET INCOME *
48
37
11
4$
323
Cfl
28
22
12
20
31
32
74
3
1
1
33
fiS
1
5
25
21
17
88
34
16
7
36
3
4
2
Total
210S03—40-
£S
37!
125
HO
60
66
15(1
fiO
34
22
* &15
£04
S37
,.
1 ?4fi
17
9
4
1,013
1,114
404
436
47
~*
3
1
1
3 •
1
STATISTICS 0*1 INCOME
190
TABLE II.—Corporations, 1987, frequency distribution of returns with balance sheets,1
by net income or deficit clattes, cross-aas&ified by total assets classest in aggregate,
and by major industrial groups—Continued
[ N e t bwoma «r defied* rilWffl *nd total M9fl|B clweon In thousands o f dollars1
Total assets dosses »
Net income or deficit
classes'
Total
M
Under under
50
KM
100
under
250
250
•SOO
on tier under
500
1,000
TOTAL MA*ITJFAC T U H 3 SQ—Kl
Under 1
1 under 2
.....
2 under 3
......
3 under4
.........
4 under S . . . . . . . . . , - . -
& under 10
10 under 15
16 under 20
30 under 25
i4......
BO under 100
100 under 260
£50 under GOO
400 under 1,000
1,000 under 6,000
&000 and over
.„
1 (10
4*472
2,495
1,7*5
1,273
2,473
2,001
876
£13
446
100
I, 126
AM.
431
Bfl3
236
na
17
TOTAL
Under I
1 under 2 .... . . . . .
. . . . .
4 under 5
J0 under i5 „
16 under 20
20 under 25
3G tinder 60
60 under 100
100 under 2*0
S5C under 500
EDO under 1)000
1,000under G;O00 . . .
B,0OOand over
Total
762
0A4
458
167
1, M2 1,5*8
668 1,023
159
38
11
•as
514
1,012
32B
ess
40(9
109
40
20
54
fl3
54
12
174
147
WO
ze
23
11
25
S3
TO
60
2
1
1
2
£
J
2
4.
21
SS
2
2 i
144
667
334
COR
1,026
12
2
28*
66
13(1
103
01
3,026
3,230
47ft
449
1
j
+a
2
3.
33
S3
20 8Si 17,413
ft, 130 4,421
3,402
2,29? 1.411
680
1,334
5,000 10,000 J5O.000 100,500
and
10,000 50,000 100, QW over
unrter linden under
JS WITH NET INCOME a
186
172
157
136
115
530
447
423
331
1.OS2
725
264
14
4
6.761
4,644
M A N U FA C TTJHINQ^llHn
4,241
b under 1 0 . . .
875
1
40,519 13,701
Total
3 under 4..
10,718
8,030
2,629
1.55S
1,000
under
5,000
941
1,911
214
149
32
4
1,BW
1,128
52S
406
304
S57
114
327
141
96
134
291
199
Mi
7
1
6
363
2
273
892
122
WITH NO NET INCOME »
2S7
149
115
66
61
63
346
3$4
ISO
123
99
81
220
182
]&Q
US
303
147
49
i
33
44
11
2"
t
1
44,905 29,023
2,J23
S.7O7
72
1,234
32
37
24
IB
31
71
47
46
161
207
1SS
10
<*
2
2
2
1
1
3
2
5
1
17
19
34
14
12
5
120
1
1
1
2
fi
10
19
15
12
J
3
4
1
72
T
5
MANUFACTURING: FOOD AND KINDRED PEODUCTB-HETURNa WITH NET
INCOME »
1,477
TJnderl.
2 under 3 . .
£35
.
4 a i d e r Ji . . . .__ .
5 under 1 0 . . . . . . . . . . .
10 under IS
IB under 2 0 , .
SO under 26
2fi under 60
isO under 100
..
100 tinder 250
2B0 under SOO
MW under J ,00O .
1^«K) under 3,000
tjOOO BBd OTM
Total
...
356
275
216
311
212
162
359
217
1S7
40
1,066
230
164
86
113
82
87
IS
SOS
58
It)
13
10
1
7
1+9
S3
(B
SO
Hffl)
94
61
8T
16
2
M
22
12
IS
14
61
53
46117
58
12
3
7
7
a
B
24
13
25
19
68
41
3
1
7
£,057
For footnote*,
1,783
923
527
306
2
3
2
1
12
12
10
M
B7
7
6
4
10
7
S
327
30
32
1
4
14
43
0
3
4
10
7
19t
STATISTICS OF
TABLE 11.—Corporations, 19S7, frequency distribution of returns with balance sheets,1
by net income or deficit classes, crosa-classified by total assets classes, in aggregate,
and by major industrial
groups—Continued
[Net Lnootae or deflelt el BOBGB a n d
total M K t a
eluaea iB thousand* o f dollars]
Total assets classes'
JN'B Income or deficit
classes*
Total
100
S»
Under
under under
50
250
100
260
1,000
undw tinder ander
6,000
1,000
E.000 10,000 50.00C 100,000
iidd-nr under under
And
10,000 50,000 100,000 0VBI
MANUFACTURING: FOOD AND KINDRED PRODUCTS— R£TUHNS WITH NO NET
INCOME*
2,-482
Under 1 . . . . . . . . . . . . .
1 undjnr 2 , - . . . . . , . . .
-BOS
2under3
- -- - r 329
3 under 4 346
i under S
6 under lg
035
303
10 under l f i - . . . . . . . . .
14*
16 under SO
...
30 under 3fi 113
2]1
26 under SO
50 under 100 ...
110
6"
100 under 250
2J5O under BOO
...
16
600 under 1,000
7
2
1,000 under 5,000
ft,000 a n d ov*r_ _ _,_
Total
e,oea
187
m
2*3
BS
10
Ifl
13
3
1
202
100
04
72
Si
I3fl
5»
30
IS
10
4
40
1M
9K
33
43
60
14
2
37
2t
15
12
16
ffl
65
35
J9
49
!2
4
7
4
24
ie
16
12
»7
13
1
3,627
943
3©
1S2
z
0
4
9
13
G
23
30
40
3
1
1SJ
2
1
2
1
s
0
1
1.
21
4
S
2
c
s
16
I
1
2
7
MANUFACTURING; LIQUORS AND BEVERAGES (ALCOHOLIC AND NONALCOHOLIC)—
RETURNS WITH NET INCOME '
VlMlW 1
1 Under 2
2 undfii 3 »» "
4 under 5 *
301
117
78
£4
54
it under 2 0 . , . - . . , . . »
IIS
93
50 under JC>C
100 under 250
250 under -™
600 under 1,000.. . .
1,000 und*r 5,000
192
118
US
M
35
18
Total
.
a
I, Ml
L36
IS
39
30
16
11
17
4S
36
27
33
10
40
11
<4
29
S3
67
633
201
XI
8
10
24
26
17
43
26
SO
2
a®
3
4
1
12
3
2
4
1
3
1
7
26
22
31
JJ
2
ICO
1
s
1
4
15
34
42
83
21
4
156
1
1
S
2
8
1
2
33
12
3
MANUFACTURING: LiQUOHS AND BEVERAGES (ALCOHOLIC AND NONALCOHOLICJRETTJKNS W I T H N O N E T I N C O M E *
Undear l
.
1 under 2
2an<ler3
3 llTHi^r A ..
4 under Ji
^
JJ under 10
10 under 15
IS uDder 20
SO under 3fi
SS uadcrflO
GO uoder 100
100 uniior JAO
290 tinder son
SOOundar J,O0O..
1 000 under 6,000
$,000 and over
Total~«
436
164
51
61
143
7*
41
42
02
4S
24
4
1,31J!
Far footnotes, see p. 206.
379
110
5»
39
31
47
11
2
SI
IS
13
3
&
13
2
a1
686
151
34
14
10
1L
6
41
2T
13
20
24
4
1
11
g
205
147
?
j
SO
20
16
13
11
4
g
3
1
l
G
4
1
1
2
7
IS
12
s
70
1
9
14
10
4
1
1
1
1
2
192
STATISTICS OF INCOME
TABLE 11.—Corporations, 19S7, frequency dislrilyuiion of returns with balance sheets,1
by net income or deficit classes, cross-classified by total assets classes, in aggregate,
and by major industrial groups—Continued
[ N e t Income or deficit ctaagcg a n d total
•wetee lasses In tiimmn-is of dol laia
Total assets classes'
Net ID came or deficit Total
classes*
SO
5,000 • in t ono Jifl.nOO 100,000
100
500
Uader under
under under under under
llnrifr
fcud
50
1,000 5,000 10,000! s^ooo 100,000 over
100
600
M A N U F A C T U R I N G ! TOBACCO PROrHTCTS—RETU^NS W ITU JSJET INCOME «
Under 1
1 under 2
4 tintif-r 1
5 udder 10
10 ll"f]Hr IS
16 under 20
20 under 25
*^ .
2& under 50
50 under 100
100 audcr 250
250 ander -300
500 andcr 1,000
1,000 under 5,000
5,000 and orcr. . . . .
,..
14
4
1
7
2
13
i
7
9
g
5
S
2
9
8
2
8
2 under 3.-_......_.....
Total
21
13
m
2
3
1
2
4
4
1
4
1
E
21
1
1
1
2
1
i
6
X
2
1
1
1
1
4
26
16
i
1
i
I
1
32
It
6
3
2
n
2
1
4
2
It
10
2
MANUFACTURING: TOBACCO PRODUCTS—RETURNS WITH NO NET INCOME *
Under 1
1 under 2
£ under 9_
3 under 4
7-t
19
IS
6
10
. —~
4 under 5.. . . .
5 under 10 „
10 nador IS
15 under 20..^
20 nndnr 25
S5 under ¥)
..
10
5
4
5
4
50 under 100...
54
IT
11
4
3
1
3
1
6
1
2
1
2
1
V2
3
1
3
3
4
1
2
2
2
1
1
1
1
2
1
1
1
7
1
3
1
1
JM under 500
i
i
l
2
1
1
2
lOOqnder 2SQ
I
1
1
500 under 1,000
1,000 undorS.OOO
6,000 and over
Total -
1S9
117
12
19
7
MANUFACTURING; TEXTILE MILL PftODTTCTS^RETURN'S WITI! NFT INCOME*
UnflfT l
1 under 2
2under3_
$iinderJ
4 under 5
fi mirier 1(1
. . . ..
15 under 20
ai under as
£5 under1 5 0 . . .
B0 iindM 100. _ _
100 under 350 .
260 under 500
500 under 1,000
..
1,000 under 5,000. . . .
J.OOOaad over
821
2S2165
148
91
2&3
1G5
13S
103
232
205
183
72
37
19
I
Total
F o r footnotes, see p . 2C6,
I
573
111
55
33
22
31
9
5
1
1
134
$3
49
43
S3
68
23
10
7
j.
79
40
38
51
33
llfi
57
44
36
30
»
19
26
16
14
g
52
50
42
29
&0
32
15
9
6
4
1
27
21
23
22
75
39
51
%
\
""!
h
4
1
D
0
12
53
72
109
42
11
1
1
]
2
1
2
41
22
12
3
13
14
1
344
ISO
41
1
1
941
550
369
330
I
193
STATISTICS OT X
11.— Corporations, 1987, frequency distribution of returns with balance sheets,1
by net incama or dp,fi<ci& ctaaacs, cross-tfcss^ied by total assets classes, in aggregate
and by major industrial groups—Continued
[Net income w deficit da«3ag and total mvete classes In tlionaa
Total assets cLaa-aes *
Nflt income or rteflcit
classes *
Total
60
10.000 50,000 loo.ooti
unriftr under
under Under under under
and
1,000
250
5,000 10,000 50,000 100,000 over
100
MANUFACTURING: TEXTILE Mtt*L PRODUCTS—HETtta^S TV"!TE NO N E T INCOME *
1,610
479
31T
202
105
451
253
1»
SO
224
II]
1 under 2.—
2 under 3
3 under 4
* under i
E under ID16
26 under B0.
50 under 100
1O0 under S!oO
5G
1.3SS
181
82
106
4T
34
101
181
66
1ft
11
23
10C
63
«
36
33
107
07
39
17
as
600 undnr J ,000 . .
U
1,000 Under 5,000
4
5,000 and ovw
33ft
M A N U F A C r u B I K G : CLOTHING ANT> A P P A H E l ^ R E TURNS WITH NET INCOME i
1 146
Under 1
J Ulltfor 2 . ,
877
225
% under 3,
3 trader 4
4J
5 uudnr JO - - - , , .
K under 15
IE under
Edindec
£5 under
tfi under
870
204
3Q
25.
fiQ...
100
n__
lOfl
21
243
1L7
ftl
34
7
3
ras
123
fifi
JOO UTldFT 2 5 0
37
350 under SiM
500 under LOCO _
1,000 under ft.OW
11
1
1
191
30
71
u
3
1
67
14
(VB
IS
44
m
7\
36
4fi
34
35
i
3
3
1
a
S7
24
3D
lft
33
1
3
a
27
22
IS
3
1
IS
13
D
1
2
1
1
1
1
1
1
1
J,000 and over
Total
2rfl96
1,276
404
m
iindflr 2
under 3
uridcr4
under 5
G36
.
72
241
163
...
1*>under i s . . .
20 u n d e r 23 . . .
2£ under SO .
,
.„
.
lOD u n r l o r 3RD
SW under 500
e£M under l (WO
*.
3D
2fi
...
170
40
Si
21
8
2
1*>S
S?
116
5B5 •
10A
2?
7i
15
30
Sfl
19
15
23
7
S
23
14
7
2
1
SI
0
-EETTJRNS WITH 1*JO NET INCOME*
MAKUFACTUUI> JO; CLOTHING AN1
1
2
3
4
104
IS
5
12
5
s
3
J4
r4
11
11
3
I1
2
3
1
5
, . . j _
2
4
1
4
I
4
ai
2
1
i
104
43
is
11
i
i
5 UOQ 6tld over
Total . . ^
4,024
For footnotes, see p. 2M,
4&7
. . . . . . .
;
2
1
1
•1 >
194
STATISTICS OF I5TC0ME
T A B L E 11.—Corporations, 19S7, frequency distribution of returns with balance sheets,1
by net income or deficit classest cross-classified by total az%*>U classes, in aggregate,
and by major industrial
groups—Continued
[Nel Income or deBdt claasee a»d total i w l a d i w * In thvaiMnds at rdoUvv 1
Total assets classes >
Net Income wdoflclt
classes^
Total
SO
100
Under under under
50
350
too
SfiO
WO
UQdW imtiet
500
1,000
i,aoo 5,000 10,000 90,000 100,000
under •radar unrtor under and
5,000 10.000 90,00ft 100,000 ovflr
MANUFACTURING: LEATHER AND ITS M A N U F A C T U R E S T - R E T U R N S WITH NET
IXC O ME •
Under!
1 tinder 2 - . . . „
2 under 3
„
3 imder 4 * . . . .......
4 Under 6£ under 10
10 under 15
203
.»
31
73
46
36
10
15 iinfiftT an
30 Under25..
2fi unier s o . .
J50 under 100
100 under 290
100
TO
49
40
129
M
34
2flG under 600
BOO under 1,000
.
44
28
31
12
14
2ti
10
1
3
.
Under 1
B9fi
483
] iinrinr S
„„_
4 HirlT $
10 under IB
15 under 20
30 under 25
2ft tinder 8b
S
6
7
11
6
27
14
&
21
13
2
1
2
2
1
5
S
5
lft
s
]
]
I
3
1
3
2
i
9
IS
8
]
I
I
3
13
3
1
1
310
160
»
,-,,,
SO Under 100
100 u n d e r 250
2M u n d e r WO
COO under ljOOO
1TO
60
40
152
61
42
4&
2S
B97
117
$6
37
22
126
43
S7
13
12
4
27
33
17
4
6
10
44
19
5
1
73
64
1
ITS MANUFACTURES—RETURNS WITH NTO
NET INCOME'
MANUFACTURING: LEATHER
2 under 3
37
32
12
12
13
«2
31
17
12
21
6
2
7
2
1,000 under 5,000
6,000 and over
Total ..
206
41
37
13
6
12
4
1
7
t
14
4
IS
3
Ft
2
14
6
2
4
1
1
a
4
1
3
2
3
a
13
4
4
g
4
174
72
40
6
1
1
1
1
2
I
4
1
1,000 under 4,000.. .
5,000 and oner
Ttrfal
1.217
33
MANUFACTURING : RUBBER PRODUCTS—RETURNS WITH NET INCOME
Under I
^^
1 under 2 ^..
2 under 3
3 under 4
4 Under 6. .
£ under 10
10 trader ifl,.
*.
16 under 20
SO n n d e i 25
25 u n d e r M
CO Undnr 100.
lOOundAr 250.
SCO under SOU...
COT tinder i,0(X}
1.ono under 5,000
Kh0OO and over . . . , .
Total ._
40
22
is
12
34
21
22
11
38
33
25
L2
34
12
4
1
3
s
7
5
1
2
11
3
2
»
S
2
3
g
3
9
10
JJ
4
14
2
1
2
t
4
3
4
10
6
4
3
n
6
10
e
312
For footnotes, u s p. 205.
04
43
OS
1
45
31
i
1
l
I
12
fi
4
1
1
1
4
E
1
13
1
1
4
ft
1
2
1
3
195
STATISTICS OF INCOME
T A B L E 11.—Corporations, 1937, frequency distribution of returns with balance sheets,1
by net incame or deficit classesf cross-cta&sified by total assetz classes > in aggregatet
and by major industrial
groups—Continued
name or deMt Classes *ud total *mt>tn cluvea in thousands o
Total assets classes *
ncome w deficit
classes*
Toial
100
250
L00,000
500
1.O0D 5,000 10,000
ro0
Under u n1d50e r I t m d o r under
under under under under under and
50
300
1,000
100 ( 2 5 0
5,000 10,000 50,000 100,000 over
MANTIFAOTURINO; RUBBER PRODUCTS—BET URNS W I T H NO WET I N C O M E '
Under 1
3 under4_,,
& under 5
b under 10.10 u n d e r 15
l a u n d e r •SO
20 tinder 2 5
25 u n d e r 60
^ v _.
^
,.,_.
- „ . .
49
12
17
3»
11
S
3
10
14
lOOtmigr 250
35(1 n n d e r 500—^
GOO-under i,0oo
SO
37
5
10
7
15
5
1
7
3
11
3
I
1
5
3
3
2
4
I
1
3
1
1
2
3
1
1
J
1
\
i
4
4
1
3
|
t
S
3
1
1
16
1
i
2
6,000 and over
Total
274
Ifil
M
31
IS
it
MANUFACTURING : FORE9T FBODTTCTB—HETURJJ3 WITH MET INCOME 1
Under I .
735
2 o.nd'ftr 3
3 under 4
5 under 10
^
10 under IS
15 under 20
JSQ u n d e r 2 S . . . ,
5 S u n d o r 6 O . _ _.-_ .
50 under 300
UN u n d e r l&tt
2 5 0 d n d e r 500_
IUQ ttfidtf 1,000. . , , 1,000 u n d e r B,000___..
S f 000 a n d o T e x . ,
150
131
3S0
130
IIB
290
193
111
41
1*
437
44
33
123
.12
es ;
100
49
141
15
4
3
H
12
4ft
13
27
11
41
36
35
109
57
f
1
8
4
n
is
u
14
59
57
2
3
3
2
I
S
5
2
4
SI
65
27
3
1
1
2
S
I
i
1
S
7
I
1
1
1
Tutal
317
WJ1
704
439
227
206
39
I
1
MANUFACTURING: ]FOKEST PRODUCTS—RETURNS WITH NO NET INCOME "
Under 1 - -
1,324
eso
43S
142
S3
02
123
33
11
1 Ufld^T 2
3 nuder 1
4 Qdd«r s
6 aiider 10
lOuader IS
i s under 30.,
2£ trader 90
50 under loo
100 u n d e r 3M
,
,
,-
129
..
-~-
74
M
71
30
7
2
MO under »n
1,000 u n d e r ShiXK) . „
Total
S
177
aa
123
28
21
05
40
30
30
JO
43
36
23
11
23
es
s
15
4
1
1
15
11
35
J3
10
20
fl
6
S
12
A
4
3
IS
10
7
16
2
t
3
3
1
1
7 •
2
V
IS
24
2
2
1
2
I
2
t
2
U
T
1
i
3,061
For f o o t n o t e s , see p . 20JS.
1,722 j 474
1
194
107
T3
r
196
STATISTICS OF INCOME
TABLB 11.—Corporations, 1937, frequency distribution of returns with balance sheets,*
by net incoin.& Or deficit classes, cross-clinsified by total ousels classes, m aggregate,
and by major industrial
groups—Continuod
[Not Income or deficit <i»aaes and total assets dnawg rn tnousand? of dollars]
Total assets dfisais >
Net Income nr9 deficit
classes
Total
500
IDO
CO
250
1,000 5,000 19,000 5WKJO 10(1.000
Under unrtcr
under unrier under under under undCT under and.
60
LUO
250
500
vayXfs
over
; PAPEfl, PULP, AND PRODUCTS—
INCOME a
ITtidw 1
1 under 2 . .
213
& under 4
4. under 5.^
.. _
F. undef 10
,„
M under IS. r , , - . . .
IS under 2 0 . . .
46
151
154
99
70
37
130
136
115
65
27
25 under BO
M under WO - .
100 under 250
ttRfi rnirinp .Wl
500 under 1,000
1,000 under 5,000. _—
0,000 and over
Tots]
or
Hfl
139
40
2*
12
53
21
22
14
30
A
2
45
B
24
11
£2
46
6
1
1
31
17
38
10
2
3
i
1,346
IS
WITH
4
3
g
IS
20
1
J
2
4
4
3
4
0
29
44
30
18
1
17
3Q
27
3
" ""
47
11
10S
ISO
L
6
3
s7
1
0
3
17
30
32
a
i
-
2R5
2S7
M A N U F A C T U R I N G : P A P E R , P U L P , A N D r r t O D U O T f i ^ R E T O R N S W I T H NO N E T
INCOME »
Under 1
1 under S
2 under 3
3 under i
^ ^
...
335
104
£0
50
E un rier 10
1C under lfl.^ ,
IS tluiler 20_
SC under S3
E5 under 50
M under 10O. _ . . .
100 under SfiO
103
38
30
22
29
l.WXt Limlei S,OK>_.-.
6,<XKj and over
.,.
1
15
1
eo
urns
„.
15 under £0
20 under 2 5 . . „
. -
60 under 100
100 under 350
260 under coo
.
600 under 1,000 _ , - .
1,000 under 5,000... -
7
17
EG
IB
0
5
7
.•5
7
2
2
7
4
1
1
4
1
1
]
0
a
1
i
i
10
2
4
4
1
2
7
2
3 ,
3
3
n
5
5
II
11
4
1
1
1
1
442
5B7
581
234
109
BIT
182
145
sa&
211
1,400
334
104
51
118
127
M A N U F A C T U R I N G : PB.rWTIK'O,
Under l
1 under 2
2 qador S
3. under 4.
4- under 5
t iiafjer 10
22
1]
W
11
10
1
159
lift
76
01
173
21
24
s
24
25
26
43
42
3
PVHUSHINQ. AND ALLIEP
^ 6 •WITH N K T I N C O M E »
11
ICO
£3
40
74
68
62
10
13
10
43
157
10
35
80
63
91
30
7
s
TCI
31
32
106
02
IS
"'
: : : :
1
7
i ;
1,873
! o r footnotes, BE* p . 205.
2,279
S35
INDUSTRIES—
1
1
4
2
}^
14
15
68
71
61
1
390
I
4
3
2
1
1
I2
16
1
1
as
1
37
to
3
t
3
il
11
6
11
1
210
38
2S
1
fhnro
Total
1
1
i
620
TotaJ
74
27
33
13
37
217
4
It
I
1
2
197
STATISTICS OF IKCOMB
TABLE 11.—Corporations, 1937, frequency distribution of returns with balance sheets,*
by net income or deficit classes, cros&~da$tified by total assets classes, in
te
and, by major induatrial groups—-Continued
(Net income or den* It d t H e t mid dots uaeia el»wee in thousands of dollara]
Total assets classes 3
Net income or deficit
classes*
Total
GO
100
Under vtnder under
50
100
350
under
1FOM
M0
1,000 5.000 10h!M0 00,000 100,000
•under under under under ftO"3
a,ooo 10,000 60,000 100,000 over
MANUFACTURING!: FRINTING, PUBLISHING, A.ND AX-T^RD ITSTDUSTltlEa—H.3TUB,SS
WITH NO NET INCOME *
Under 1
3 3»
3itniinr3
$ tinker 4
4 Under 5 . . . . . . . . . . . .
01*
521
3,090
303
404
6$
47
43
211
nr
103
411
15 iHKlei* 2 0 . . . . . . . . . .
BO under 2fi
25 under SO
—
SO under 10(1
...
217
71
39
23
13
36
11
3
1
7
I
23
4
W
36
9W ilnrlfT ,W>
5tW u n d e r 1,000-.
Tfi
35
fi
13
2
3
1
86
43
32
a*
6fi
27
E2
7
11
3
3
7
2
1
3
2
10
1
1
11
a
s3
14
7
6
7
06
S
0
15
7
4
7
28
20
a
1
2
3
1
1
fi
1
1
1
1
1
I
CyOOO find o v e r
Tutsi
M73
It Oil
001
70
S77
4S
C
I
2
MANUFACTUBING: CHEMICALS ANI> ALLIED PRODUCTS—RETURNS WITH NET
INCOME*
Under 1
1 under 2
3 under 4
,..
15 under 3d
20 under 25
727
240
172
554
139
as
as
n
53
25
9
6
4
1
.
Sounder 100
100 under 250
250 under 500.. . „ „ .
BOO under 1,000
1,000 wader 5,000...-.
6,000 and o?er
270
205
172
GO
52
53
27
88
Ui
0
14
1
3C
23
34
24
106
75
Gt
7
04
11
2,980
461
flOl
12
fj
25
S9
63
1
1
3SS
3
4
1
4
10
10
7
42
6ft
41 i
17
3
1
224
1
1
1
1
5
7
3
25
34
ft*
1
k
6
5
s
13
11
362
38
G
3S
6
5
i
9
64
a
3
MANUFACTURING: CHEMICALS AND ALLIED PHODUCTe^KBTURNS WITH NO NET
INC OMB *
Under 1
,.„.„„.
2 uuder 3 ,•
6 under 1 0 . . . . . . . . .
10under I E . . . . . . . . . .
lfi un dur 20
1,044
457
235
170
113
130
295
147
36
105
38
afl
73
3.1
25 under *>C
60 under 100
100 under 250
SfiO tinder 500 , ..
600 under 1,(100
1,300 under 6,0M
6,000 and over.
TsUl
1*409
12
6
14
I
24
1
7
126
02
2!)
25
25
S2
39
£7
21
IS
g
5
3
j^
a
i
2
10
22
16
10
12
93
10
1
12
45
IS
10
1
20
9j
T
1
..
4
1
1
1
1
3
3
4
1
fi
G
13
1
1
1
1
1
1
1
1
1
1
7
3
-.
3,340
, see p. £05.
3,328
367
J07
198
STATISTICS OP INCOME
TABLE II,—Corporations, 1937, frequency distribution of returns vnth bahma gh,^i»^
by net income or deficit classes, cross-classified by total assets classes, in aggregate,
and by major industrial
groups—Continued
iXet Income or deflcEt d u i M and fatal msmut* d a m ln.thgwmida of d o j l w )
Total assets classes *
Net Income or deficit
classes*
Tota]
500
1,00 f 6,000 10,000 50,000 100.000
100
250
ISO
U utter under
under under under under under under u n d e r and
GO
1,000 £,000 10,000 50,000 X DO, 000 OFBF
100
250
300
M A N U F A C T U R I N G : P E T R O L E U M A N D OTHEB M I N E R A L OIL PRODUCTS—RETURNS
WITH N E T INCOME »
Under 1
1 andftr 2
2 tinder J_
3 Under 4.
1 under fr
Sunder i[f
If) nurtar m 1
T-U tinflw IP . .
.
49
J6
20
J6
0
26
13
6
31
7
«
£
2
2
I
28
38
31
IS
1
Total...
,
5
2
1
R
3
7
2
1
1
2
1
4
3
s
X
5
12
4
14
IT
16
306
1
1
1
1
1
i
an iiTirtttr j j
Sounder SO
50 under 100
mv un^eT 2150
2B0 under 600. . . .
{KM untfer 1,000
1,000under flJDOO,.-,.
hOOOsnd Over - ,
10
3
1
2
2
10
1
31
2
2
]
1
10
9
3
1
it
SB
i
a
ii
li
I
3
1
2
2
fi
1
04
10
12
2
1
1
0
a
l
14
IS
MANUFACTURING: PETKOLEUM AND OTHER MINERAL OO. PRODUCTB^RETUBNS
WITH NO NET INCOME*
TJndWI
1 nirder a
120
43
16
20
15
3 unrietr 4
4 under 6
Jl n n d s r 1Q
ao
W under 16
15 Under 20 . .
20 under aft
ii
9
£0 under 100
100 under 250
2tiO under COO. ..
£00 nnder 1.000
LOOO under fi.000
&OVOand over. . . .
Total
10
93
27
11
10
1
4
1
11
3
2
1
4
5
2
1
2
7
13
4
2
9
7
1
5
2
1
1
2
a3
3
2
1
2
2
3
1
2
^
2
2
1
5
3
2
4
1
4
1
3
3
1
1
3
1
1
1
1
1
21
4
1
2
1
I
1
394
i
167
48
43
1*
23
a
•
1
MANUFACTUBINa BTONE, CLAY, AND QLA8S PRODUCTS^RETURMS WITH NET*
INCOME t
Under l
39G
nT
1 Vin^ej U . .
3 under 4
4 nnrinr F
£ under 10
10 under 15 .
1ft limftjr 30.
.
111
74
^
163
107
44
20 u n d e r 25
2& under: CO
SO under I t * . . .
100 under 250
250 u n d e r 500
COO u n d e r 1,000
1,000 under C,000
fifOOO and over
Total
121
86
CO
30
21
42
£
4
1
2
ee
47
30
26
14
62
26
13
B
5
new
aa
S3
7
35
B
i$
62
43
29
34
43
lfl
3
4
ft
-1
21
an
17
s
17
37
J
19
0
4
1
1
3
2
7
10
9
31
44:
24
2
1
e3
2
13
32
47
20
&
is
1
11
e
fl
4
13
1
2
1
1
26
2
1
4
1,639
For footnotes, seep. 205,
273
343
ISO
12«
27
199
STATISTICS OF INCOME
Corporation*, 19371 frequency distribution of returns tmth balance theets,*
by net income or deficit classes, croas^classtfied by total assets classes, in aggregate,
and by major industrial groups—Continued
[We* Income or deadl timmtt and &>(*! weete d u e e * in tltoHimnda «rdv]]tin]
Tutal assets classes *
Net in come or1 deflcf t
classes
Tota)
Under,
250
1,000 B..000 10,000 W.0O0 100, €00
100
500
w
and
under under under under under u n d e r under
MJ.Mft
100
STONE, CLAY, AMD GLASS FHOXOJCTS—JtETTJRNB WITH NO
N E T INCOME t
Under 1 . .
1 under 2
63
133
44
33
27
19
£1
20
7
1
i
a MB
332
260
153
113
74
230
3 under i . .
4 under S
Bunder 10.
o
ES Udder SO.
fiO under 100.
100 under 250.
2S0 under MO
1
1,000 ttnder 5,000
SFOOOandov«T
TotBl
279
135
M A N D F A C T U B I N G : M E T A L A N D ITS P R O D U C T S — R E T U R N S W I T H N E T I N C O M E *
% H9 1 609
2 under 3
$ trotter 4
4 under 6
5$8
11J9
-.
10 und«r 15
30 Udder 35
370
lj 110
677
470
334
25 under 60
W t n d e r 100
100 Under 250
SCO under 500
600 under 1,000
1,000 under 5,000
E,000 find over
Total
*B04
2(!1
,-
683
309
181
na
303
197
100
ISO
240
307
38
13
S3
A3
69
71
a
1&5
13
we
137
117
104
304
270
218
398
115
3
25
34
20
39
19
UG
100
101
7$
SOL
36
30
31
US
231
219
34
j
1
Jl
1
„-
4
5
1
4
14
17
10
11
SJ
136
312
212
114
26
2
4
21
46
44
38
,- 10.166
a; 024
1, 228
an
007
142
1
1
1
A
3
1
H6
11
S
7
10
123
1J5
27
M A N U F A C T U R I N G ; M E T A L A N D ITS P R O D U C T S — R E T U R N S WITH NO N E T I N C O M E *
J
n
i
,
1 updjor 2
2 under5.,
3 under 4
4 usderfi
9 under 1 0 . .
SQ under IS
1 6 u n d e r M._
30 under 25
25 under W
60 under 10G
lOOgnder 2SQ..
260 under 500.
BOtm
fXfi
1,000 under 5,000
£,000 and o v e r - . .
,
_...
•—
_.
3, BOG
1,075
*m
408
2»
700
Btt7
163
113
210
13S
Si
TotsU
Fur footnote^ $&& p . 205.
3,201
750
4S&
171
293
aa
32
875
157
07
&5
43
135
47
107
70
as
SI
170
37
14
5
1
9*6
SSfl
23»
176
200
STATISTICS OF INCOME
AULE 11.—Corporations, 1937, frequency distribution ojtHttrns with balance sheets,1
by net income or deficit classes, crose-ciaesified by total assets classes, in aggregate,
and by major industrial groups—Continued
[Net Income or deficit
and total I
alitiiwM In tbvnsands of dollars]
Total assets classes *
Net income or1 deficit
classes
Total
1,000 5,000 10,000 50,000 100.000
250
500
100
TJoder m
under nnder under under under uoder and
rmder under
50
5,000
1,000
10,000 50,000 100,000
600
250
100
MANUFACTURING: MOTOR VEHICLES, COMPLETE OH PARTS—RETURNS WITH NET
INCOME » n
Under 1
J under 2
j) under 3 „
S uoder i
A under 5
£ under m
68
31
13
6
11
^»
SI
IS
13
11
34
SS
l&iind'prTO
CO under 100 ..
100 under 360 .
SKI under 600
£00 uadef 1,000
ijOOO under 6,01X1
£.000 and. aver ,
48
13
5
1
fi
6
4
2
10
3
1
3
p
i
3
2
2
8
s4
2
5
1
a
s2
4
J,
10
14
42
1
17
13
::::::;:
21
2
1
1
2
2
1
2
1
5
12
3
a
sea
Total „
37
64
54
35
i
6
5
SO
11
2
s
2
fi
2
3
7
*
10
15
3
MANUFACTURING: MOTOR VEHICLES, COMPLETE OH PABT8-RETUHM8 WITH NO
NET INCOME "
•Under 1
J under 2
3 under. 3
3 under 44 under 5 . . . »
151
50
33
17 !
17
44
£ under 10
in under J5.
]5 under 30
Sounder 25
-
ftfl under 100
100 undBT £50 -850 undftr MO _
&00 under 1,000. . . ,
1,000 under 5,000
120
34
19
13
11
19
8
ft
1
1
11
12
2
1
1
Total . . , „ „
229
13
S
a
7
3
a
2
50
12
7
4
1
4
11
4
1
5
1
£2
J2
1
j
I
4
1
1
2
25
3
3
1
J
11
1
1
2
3
C
1
1
IS
MANUFACTURING: MANUFACTURING NOT ET^SEWHERE
WITH NET INCOME '
Under 1
1 under S
2 under 3
3 under 4
^-~
£ uncle c 10
10 under 15
lfi under 20
20 under 25
301
143
57
35
206
25
40
g
in
fry
fli
£5 under su
rounder ]<K>
LOOnndar 230.. - . .
250 under S00.,
5DO under 1,000
1,000 under 5,000
6,CI00 and over
Total.
(HO
238
140
_:
87
55
24
37
55
27
•}
10
S
3
in
31
IB
3
21
4
fi
52
33
16
41
24
IS
37
40
20
1
1,103
For footnotes, see ( .
£22
Slfl
Q
1
2
4
1
fi
7
3!
34
1
1
1
3
1
4
3
CLASSIFIED^RETUSNB
i
2
1
I
3
11
17
43
30
17
3
1
2
3
5
4
S
13
139
IS
is
i
i.
1
201
STATISTICS OF INCOME
H,—- Corporations, 193?\ frequency distribution iff returns with balance sheela^
by net income or deficit classes, cross-classified by total a$$et& classes, in aggregate^
a n d fey m a j o r t - d t H E
C
i
d
[Net Income « dtfltil CIUKB gpd total HisetB d*Hes 1* thousandsftfdo||#a]
Total assets classes *
Hot Incom e ori deficit
classes
Total
MANUFACTURING:
Under l
-~~
1 under 3
SunderS .
,,„
Under
SO
100
250
500
1,000
1,000
5,090
10,000
under ander under undw
KM)
100,000
urideir
1 457
'41S
235
\*7
1,271
S27
lflO
101
fififi
1f>7
150
62
70
46
ie
eoo under a ,ooo
16
8
9
3
1
114
A3
31
IB
59
22
10
10
1
54
30
13
5
7
22
lfi
ai
2?
11
1$
35
g
Ifl
10
2
£
4
2
1
2
£
7
3
6
10.
12
1
1
2
S
4
2
5
4.
U
i
4
1
1
1
1
3
1
1
1
1,000 Udder fl,000
fc.000 aad Over
Total
2.9G7
1,151
350
261,
I3OXBTR.UCTI0N—RETUKNS
Under l
2 under a
3 u nclor 4 . . . .
5 under 10
10 uurier \5
IS undtir 30
20 under 25
•35 udflnr 60 . . .
50 tinder LOT! . .
100 under 260
SSf1 under 600
BOO ujidcir 1,000
1.W0 under 5,000
5,000 and over
2tCW
2.03^
•110
218
107
341
331
537
£84
102
116
ILSO
4£
SO
y
1
300
161
100
f>7-
fA
H4
0L
12
.
101
15
67
46
20
15
li
153
110
44
39
S7
27
7
57
40
33
30
HI
64
33
19
4
I
3
1
2
5
a
9
1
13
Ifi
2S
36
IS
2
1
2
2
i
13
•
1
2
Sf voe
Under 1
_
1 under 2
3 under i
. . .
& under 10 ....
Q after "20
11 n ^ T '-"•
a u d e t 50
nntier 100
y.
£
15
v>
32
•
I
2
R
7
3,14*
347
1,006
157
151
COXSTRUC1IO N"—RE TURN'S WITH NO N E T
15
2ft
25
60
1
WITH NET INCOME
M5
26
31
Total
and
10,000 W.0Q0 100,000 over
MANUFACTURIN O NOT ELSEWHERE CL A eeiFIED— R.ETUBNS
WITH HO NET INCOME *
00
4 uader 5
•6 under 10
illiirtHfT IS .
15 under 20
30 under 23 „
25 under 51 . .
50 tin<3?r 1Q0 . . . .
J00 under 250
26J under 500
SO
100
1,224
27G
621
203
US
74
53
1M under 350
250 under 500
W0 under 1,000
1.000 anrier 3,000
*,0W S*ad Otfer_
4 610
UQQ
£0li
314
103
334
n
2$
a2
36S
143
S'J
flfl
00
137
43
IT
30
3
2
For footnotes, see p. 2GE,
43
48
IS
17
12
33
37
90
49
39
S3
12
7
It
U
22
13
i
1
11
4
10
1007
S
3
1
1
S
6
6
12
10
1
1
5
1
1
1
1
•
r;_:__
7.Q4&
INCOME*
1
1
3
1
Total
1S7
1
1&7
1 '
202
STATISTICS OF INCOME
T A B L E 11,—Corporations, 19S7, frequency distribution of returns with balance sheets,1
by net income or deficit classes, crosa-tHassified by total assets dosses, in aggregate,
and by major industrial
groups—Continued
[He I litume or deficit d
i In thcrtuuid* of doltu*|
• a d tatm.11
Total assets classesl
Net Income or deucit
Total
100
SOD
£50
under under Under tinder
100
250
1,000
mo
GO
1,000
d
5,000 10,000 tfMKK) 100,000
Under tinker i under acid
10,000 60,000 100,000 over
TRANSPORTATION AND OTHEE; PUBLIC UTILITIES—RETUBN3 WITS NET
INCOME)
Under 1
1 under2
2 under 3^
a,oto
,
7»
EDnnder 100.. _
100 under 200 „
SCO undAr £W.
600 utldAr 1,000
1,0*0 under 5,000
t.000 and. orer
(MO
467
32*
1.020
£L6
34A
228
612
470
384
300
138
373
J53
Total
0,810
* oader fl
ft under 10
10 under 15
16 D nder 20 ^
B& u n d e r $ 0 - - - . . ,
aw
237
137
251
90
37
15
19
3
171
131
115
fll
246
88
43
30
38
33
1A&
111
8S
n
70
334
100
102
GO
141
5V
aa]
34
25
33
15
6
11
24
8
a
101
05
70
57
133
70
33
£
SO
3S
2
4
34
33
16
49
33
134
112
49
32
4,«J7
1,210
1,389
71)8
534
1
1
1
4
an
34
a
4
2-
1
E3
123
15
3
1
1
1
1
62
60
1
2
1
m
32
61
00
171
59
25
12
2ft
5
]
2
731
7
44
i
81
0
40
3
280
or
•m
41
75
AND OTHER PUBLIC UTILITIES—RETURNS WITH NO XET
INCOMES
Under 1.
1 under 2
S,86ft
& uacjer 4 ..
],38L
746
SOI
318
-
6 under 10
330
10 undsr 13
. . 16fl
IB under 20
117
30 under 26 » „ .
.
35 under 69
.. „ .
179
J50 tiTider 100....
93
100 under 350. ,
CO
'350 under 50C
44
£00 under 1,090.
1,000 under SjOOO. .
11
5,000 and over
Total
10,065
&.O49
Ml
282
176
371
85
34
17
31
10
5
389
174
87
45
137
64
16
13
252
123
76
64
44
150
04
29
36
asft
1
71
31
31
37
26
73
SO
24
17
SO
13
e
2
1
13
17
lft
17
29
IS
SL
39
6
1
40
11
10
11
12
29
24
10
80
74
41
16
4
7
1
1
1
1
5
G
5
4
11
10
IS
21
2
2
402
107
3
1
1
V
IB
17
IS
IS
12
1
a
2
10
10
1
4
11
7, 699
1.048
686
417
333
33
TRADE-RETURNS WITH N E T I N C O M E '
Under i
l under 2...
..
3 under + 4 under B
10-under 15
1ft under 30
20 under 3fl
(SO under 100
100 under 250..
25O under 500..
-5A0 under 1,000
1,000 under 5.MW
E,000 and over,
Total-
34,046 10,226
8. 036
4,777 2, 51D
3,320 1,360
2 h 442
8J55
8,424
2,82&
239
1,640
103
4L
1, 123
41
3.334
ft
1 236
745
3
£43
107
97
GO. 304 30.899
, see p.
3,178
1,800
1,335
1,375
800
ess
2,244
2,060
flSO
74$
714
273
114
ISO
727
4
ao
1&7
161
12ft
126
553
362
340
R35
S12
ft
2
3,694
53
48
lft
14
38
12
14E
333
61
38
44
33
134
439
405
173
lfi
1,830
1
1
j
4
200
33U
5
152
43
5C
31
13
1,307
2
1
s
145
29
61
1
5
12G
17
1
7
203
STATISTICS OF INCOME
TABLE 11.—Corporation*, 1937, frequency distribution of returns vritk balance sheets,*
by net income or deficit clas&ss, crose^daetified by total as$$t& classes, in
te
and by major industrial groups—Continued
[N«t fnrone*r defltit d M M and totel w k Anmtm In thtanndB of daHM]
T o t a l assets Glasses"
"Net inMirifj
classes*
Total
Under
SO
50
under
100
100
under
2M
260
900
under undor
1,000
500
1,000
Udder
5,000 10,000
100,000
under Under under
a (3d
10,000
100.000 over
TRADE—BETURN3 WITH tUt 1 KET INCOME*
40,608 3^*30
. 10,288 A, lltl
M 7 3 3 ttlO
3.040 3, 162
1,347
-.
4. £81
-.
1,440
603
209
Sfll
106
640
113
341
23
100
3
28
I
Under 1.
1 under 2
a under I . . .
4 under 3 . , .
h under 1*.
10 under 15
15 under 30
IX under 25
25 under M _ .
sa under ioo
100 under 350..
£00 u n d e r IJOOO
3,42*
. SB7
SIS
12a
65
33
4
083
430
383
2C5
004
300
170
42
IS
130
72
S3
112
41
19
a
.
1,000 und*r 5,000
jvnoo and. over-
330
133
108
77
67
53
32
IB
30
21
93
53
30
lf>l
J54
?4
2
1
14
10
S
9
29
21
19
46
44
39
10
6
£8,896 54,462
4. 56*
1
2
3
2
2
3
E
311
1,239
1
i
1
a
1
3
T^lal
1
1
1
3
4
4
1
18
1 1
1
SERVICE: PKOFESSlOtSTAIr, AMUSEMENTS, HOTELS, BTC.-BETURN3 WITH
NET
Under 1
1 under 2
^..
2 under 3--.
4 under. 1 ! . - . - - ,
£ under 10
10 under 1515 u n d w 30
20 under 2B- fiO xinder 100
100 under 260
250 under 500
500 under 1,000
ijiWO undfir 6,000
5,000 aad over
7,000
3,166
1,380
BOD
coy
],SM
878
482
319
730
3 SO
t
...
Total
£43
7fl
SO
14
I
17, 1?G
J5, 21G
1, 2W
677
S97
797
399
284
290
£39
£10
108
66
3&
22
'£
YS9
390
100
S3
38
tJ4
30
7
8,994
]&S
3 T eiB
323
25&
182
148
445
237
146
97
IBS
36
3
2,772
BB6
110
96
61
414
££3
130
00
45
147
fi7
43
7
1,330
89
30
M
3*t
17
&7
£0
46
33
115
76
59
5
10
32
It)
19
10
56
32
30
30
116
04
7S
48
IB
7
1
1
1
1
1
2
1
6
14
1
asB
3
1
1
50
7«
X
1
5
4
4
22
1
1
i
2
1
S E R V I C E : PROFESSION 1 AL, A M U 3 E M E N T 3 , H O T E L S , E T C . — R E T U R N S W I T H N O N E T
INCOME «
Under 1.
1 under i
1 undor?
3 under4
4 under*
5 under 10
.
,
10 u ad or IB
15 under 20
SOnnder £5
25 under 50.
Ml under 1W
100 Un den 350.
2WumlerflOQ
Wjundt ,
1,000 under S.OOO
17,67ft 13,362
4,893 2,993
2&
1,320
1,476
«9£
fl95
429
772
198
488
3S1
603
333
216
130
99
27
20
2(1
10
3
fiQ00d
Total-
32,57C
For [ualfiotiia., ace p .
19, StSU
3,795
602
294
2QQ
170
163
406
17H
07
4S
69
IS
ft
1
1
1
164
S3
77
58
57
249
198
135
84
139
63
14
3
1
1
39
22
112
117
OS
76
240
179
04
IS
4
1
3,883 I 2r 330
1,306
1,132
1.5B6
720
421
308
11J-J
420
136
56
20
07
4fl
204
STATISTICS OF INCOME
TABLE 11.—Corporations, 1987, frequency distribution of returns with balance sheets*
: by nH income or deficit classes, cross-classified by total assets classes, in aggregate,
and by -major industrial
groups—Conttaued
[Net income.« defidt cUasea and tola} aioeifl C I H M in thooMn
Total assets classes >
Net Income or deficit
l 2
Total
SO
100
250
SOD
Under uader
under under under
50
250
1,000
5W
1,000
UDf]<J!"
5,000
U
5,000
10,000 50,000
TLtldGT
00,000
100.000
under
100,000 over
FINANCE: BANKINCJ, INSURANCE, HEAL ESTATE, HOLDING* COMPANIES, STOCK
AND BOND BROKERS, ETC.—RETURN & WITH N E T INCOME *
13,745
4,1*42
Under 1
1 underS.......
3 under 4
4 under5..
G under 10
10 under l!i
IS Under 20
20 under 2 5 . . —
25 under £Q
,,..
50 under 100
lOn under toO....
2 50 under 500
EOOunder 1,000
] fitXl under 5,000
5.QW and over
2.215
l,6S0
4.672
£267
1,266 I
820 |
1. Sftf
1,143
s&ti
3&0
323
217
CO
,001
,eo«
667
117
2,260
890
571
340
246
477
126
CO
ai
22
40
11
7
1
2,003
1,152
SOI
573
411
1,109
474
226
128
S3C
366
fl4L
4AG
370
807
408
307
307
l:>Ji
317
103
24
422
327
ifiS
401
ISfi
7*
11
•5
1
Total
7,1(12
200
183
205
ISO
197
B
14
4
008
35
47
713
336
477
111
33
14
138
5,171
124
112
59
13
1
9
16
17
12
103
124
79
115
(i
760
10S
127
FINANCE: BANKING, INSURANCE, HEAL ESTATE, HOLDINO flOMPANIES, gTOCK
BOND BROEEKS, ETC.—RUT URNS WITH NO NET I
fader 1
2 umlor 8
.
3 unJ<!r 4
„
4 under 5 . ..
B untlflf 10 .- . .
10 u ii<3 or 15-. _
is uudet 2o
20 urtder 2U>
25 under 50
50 Under 100
100 under ShO
350 under S00
50X1 u n d w l,i)(!f|
1,000 under5,000
34, 2^1 21. £36
7, 5fl!> 3, OPS
4.flJA
307
^ F (SrVt
SH2
529
1 174
r
207
24
13
All
77
17
4
4
58ND43
4, 4™9
I,fi72
!, 0fl4
448
1(13
2sa
GO
28,327
07
11
3
•
72
137
PS
29
7
10,133
fiS
154
115
102
217
9
11 +
13S
4.W
137
140
348
217
5
4.13*
15
4
4
10
5
43
'JO
33
4
2fi
20
16
11
77
71
A7
30
10
1
370
2?5
211
100
141 '
449
237
14i
2
3
8,047
1,237
ITA
378
2*2
453
3(i
1O(]
426
..
5,000 and-over
Total
6.10
5, 1191
1, 792
tins
4/U
17
17
U
4
2
2^843
423
----
l
i
•j
rj
74
33
1
2a
is
to
37,
! 5
NATUKR OF BUSINKSS NOT GIVEN—RETURN'S WITII NET IN'OOME >
Under 1
2 iinflnr it
3un<.lnr 4
4 uuder 5
£ undnr If)
lOundorlil
15 Under 20
20 under 25
dBO
100udder2sO.2S0unricr r iO0..
800 under 1,000.
1,000 under o,0<
6j000 iind ovor.
Tota]-...
tOl
For footnotes see p . 205.
l
10
10
20
8
57
205
STATISTICS OY INCOME
TABLE 11.—Corporations, J&S7, frequency distribution of returns Lcith balance sheets,1
by net income or deficit clashes, croas-clas&ifisd by total assets classes, in aggregate,
and by major industrial groupg—Continued
INet iJhww or deBdt clasees and total junto d a u w In thousands of dollars]
TotaJ assets classes •
N"e t tnonm (! or defici t
2Bf>
50
100
Under under
undor under
30
100
uo
500
1,000
1,000
10,000 M.O00 100,000
under tinder mnissr under and
a hooo
10,0W 50,000 [00,000
N A T U R E OP BUHlNVESS NOT OTVEX—RETURNS WLTTt NO N E T I N C O M E 1
linger 1
.-
540
1 under 2
2 under 3
-. 4 under &
Sunder ID .-- - . 10 under 15
.
l i cniier 3.T-- - -- .
20 under 25 - 2,i under 50
,
w under 1(H)
UMunder 2iW......
250 under 500- .- ...
Si
33
14
14
lfi
j
7
3
1
27
11
12
i
1
4
2
1
40
s
£ '
3U
11
3
2
S
3
2
1
3
1
1
B
1
s
a
l
l
3
1
a
1
2
1
2
I
sen uudur I.WJO
UOOUunddrS.OOD...
5,000 and over
Totni
.,.
S43
eo
55
lfi
11
7
1
•
•
•
'
" '
returns for innctive corpuTations e.ad rot-urns wltti frfismeTitarv balance sht^-.t Jatii..
^ tnom*111 or "deficit" isthe nisi unjonie Cot ws^ss^w^ftts, tws. wniiTwit^rlfKn. titexo 2sh schedule. A.,
p. 2, Form iiao) which is equal (o tlio dilTwronce between "tytai income" arid "tntnl ricducti&nsJi (items
H and 27, respect I voly, schedule A, p, 2, Form liaov Tlie classification vl CJic rcturua by not in on me and
deficit clashes is ha$ed tin net itiooinc lor oTM-ss-prgfltg tax tiomputntlnn. For comparison -or the aTrtounts
of n^t Income lor ISIHT and luafi witn Un>so for yenra prior to tus*. Me p. 3, Tlic (iiffcranee betwusn 1B3^
and law in the baiiy of the claEsLflistHin of t]u> returns
by nei lncoint and deficit i:lass^P. ie Btated on ]>. S.
' For method of Enl>uJfrtL:ig "totalassets" ^xtl ';tnValliflA>\Uttes," ^tc explSTiBtioii, p. 23,
2HJ3&3—40
14
T A B L E 12.—Corporations, 19S7, frequency distribution of returns by net income 6r deficit dosses, Cfoaaretamfied by dividends received ctosae»f
in aggregate, and by certain > thQjor industrial group*
[Ntt luccffl* oc defldl daNMi and dirideods received c t u r a IB tboumidi <rf dollar*]
(for teit defining certain items sod describing returns hcloded, see pp, 1-6 and 81]
Dividend* received' classes
Total
Net lnooms or deficit classes'
received
Under!
100
under
5 under 10 under 15 tmder SOundor £5 u nder
BO
13
20
10
ujod«r
500
under
1,000
500
1,000
fi,0W
under
under
10,000
S.QQQ
10,000
and
over
AGGREGATE—BETUBN3 WITH N E T INCOME *
T/udorl
71,111
S3,070
2 under &
3 undeT 4
4 under5
7107
an ego
io' OOQ
S lftl
4,180
& under 10
10 under i s
15 under SO
30 under 2S
aft under 50 . . .
£0 tinder 100
lDO tinker 2GQ
250 under MO
£00 under 1 000
],0O0andor S.OOO...
6,000 »pd over..
„
Total
4377
4, §78
..
. . .-
l,t30
1,W6
34S
67,307
20,939
3 687
12,711
1 511
1,221
3jO77
&290
IB Til
7'073
4,526
6B
61
o
0
79
20
14
17
7
11
4S3
16*
209
OS
us
oa
36
128
61
2,000
US
129
115
73
1,005
126
46
86
34
36
SO
39
23
1
a
1,121
783
&,'&54
5,713
2.476
£2
373
3fll
235
30
127
15
181,784
21,268
as
1,104
2
4
3
as
49
75
£3
84
63
S3
26
22
19
1
EJS
10
a
6
T
3b
s
1
1
s
3
13
IS
3
7
77
07
11
11
1520
245
307
144
408
J
3
ft?
IS
1,625
291
97
70
M
1.0*
1
1
1
1
24
1
101
435
130
12
g
13
201
D
33
«4
IB
WO
ee
12
427
we.
80
15
1
1
2
1
179
54
12
36
260
39
40
to
o
INCOME i
AOGllROA.TE-ltETTJRMS
102,530
38.S53
20,306
12, 111
1 uruJc
2 under J
3 under 4,
4 Ulider£._.
4 3ft
19,210
T,6TB
3,«02
2,470
5 audit J * .
10 under 15
IMi&der ZQ
20 under 25_.
35 • aderso
„
50 under lflO
100 under 2W_.._
2M> ojider SM—fiOD under l^KW..
1,000 under 5,000
5,000 arid Over...
157,710
37,222
19, m
11.336
f.Hfl
17.672
Mltf
4U4
1,120
SCO
134
271,278
13,721
4.1S4
2,759
1,544
2,188
1S7
Total
1,613
1,021
745
523
1,550
725
258
663
361
237
Sfi
44
28
1
50$4
170
4,633
132
230
161
10
28
MINIXQ AND QTJARBYmG-REITUIlNS WITH NET INCOME"
4 under 5
J under ifl
10 under W
1,370
1,330
is*
„
283
235
197
.............
m
......
_
20 under 26.
26 under »
£0 under 100.,..
YW under
too
_
_.__
600 under 1,000
1,000 under a,OM
6,000and over......
Total
F o r footnotes, see p .
-
321
161
976
32
29
175
626
ioe
122
286
204
21
49
40
33
21
£1
34
W
J6
1
1
40*
4,350
42$
as
1
X
S
11
J!
S
If
11
11
J
1
1
1
1
&
23
15
6
77
55
J
J
1
3
i
s
l
s
4
1
1
2
1
2
1
3
4
1
73
27
26
1
1
l
I
4
6
1
3
7
14
11
2
3
3
16
I! 11
1 under 2 . . , .
SuntierS-
ft}
3
7
5
$
2
1
Q
O
2
e
14
9
1
1
»
1
#
4
4
6
13
12
1
3
2
1
3
0
1
3
TALBE 12.—Corporations, 19S7, frequency distribution of returns by net income or deficit dassest cross-classified by dividends received
in aggregate, and by certain' major industrial groups—Continued
[Net income or deficit d t n q «nd dividend* rtrtived dasees U tboqMltdS of dollars]
* classes
No dividends
received
Net Income of deficit classes •
Sunder 10 under 10 under 2U under 25 under 50 under
IS
10
100
1GO
under
590
350
500
Under
1,000
1,000
under
E.000
MININO AND Q U A R R Y I N G - R E r m m WITH NO N E T INCOME
trader 1...
Hinder 2.
___
Sunder 3,
3 under 4 . . .
4 under 6
5 under id
10 under ] i
l5nnder30
20 under 25
25 under riO
SOUaderlOO
100 under 250
2Mt Under 600
.
t..t
3.M5
Bfl
5Sl
411
...,
„ .
8«
...
m
.
,
•H6
402
2»n
„-„.-
SOUuiidwl,™
1.000 under 5,000
G,0W and ever
Total.
122
41
IB
7
3,il»
£52
3S6
322
S4t
413
227
157
355
205
107
SO
16
4
1
8,070
su
•l\
24
12
43
2.}
12
16
83
13
10
4
1
3
1
1
$
1
1
1
2
S
5
1
4
C
2
1
2
1
1
2
1
2
4
1
1
1
2
]
1
I
1
1
2
1
1
1
3
1
I
2
H
1
4
1
1
2
3
3
1
I
J
1
1
1
1
317
30
19
5
10
IT
10
4
1
1
10,000
10,000
over
00
T O T i L MA.XU EiCTUBEWG—BETT3ENS WITH NET INCOME«
Under I - , . 1 under 2
2 under 3
3 under 1 ,
4 under 5
& under 10
10 under IS
15 under 20
.
—
11,410
4,001
2.KJ1
1.8CS
1,644
10,935
4GB
a; 4 75
1.728
1,334
33S
2*083
420
317
993
25 under 30
£0 under 100
100 under 2$fl
""
2U1
03
&
47
30
IT
2
56
£3
24
14
1
5 OOu find otfer
Total
„...
211
122
8
4U74
S4.849
5,233
471
251
211
e»
2
]
l
I
2
1
10
S
30
4
30
m
533
473
103
1
1
SI
34
Si
•st
87
SI
*
&00 under 1,000
0.
2
fi
8
4
11
e
15
24
41
20
14
9
3
1*9
3
2
4
12
14
94
10
12
IE
1
Ul
1
2
3
3
b
2
1
2
&
6S
4«
34
34
6
9
29
47
4ft
83
$4
3
281 1
304
e
w
23
1
33
«t
14
18
21
30
6
100
iff
1
4
9
34
8
1
4
29
32
3
4
66
r
TOTAL MANUFACTURINGv-RETTJENS WITH NO NET INCOME »
Under 1
l under 2 . . . . — .
Sunder 3
8 urctei-i
T
i under 5
..
Guilder 10
lftondun 15
lftundorSO
SO under 25
2SundfirS0,
60 under 100
100 undergo...,
550 under 500....
500 under 1,000..
1,000 under 6,000
£,<>» and over...
Total,,,..
3.8S4
4.57$
\,W
1,071
7S0
1,420
8]»
433
112
45
20
50.0QC
«6
£22
21CI
137
113
100
MS
16b
89
68
17fl
IDS
72
21
10
47,689
2,053
23.364
fi.541
3,73fi
2,348
1,686
4,245
1,604
For footnotes, see p. 220.
10
o
Q
12.—Corporationst 1937, frequency distribution of returns by net income flr deficit cfftKW, cross^dassified by dividends received da&set, to
in aggregate, and by certain * major industrial groups—Continued
O
[Net incMie at daictt danes and dividends mcBrted i
Dividends tttolvfrd * classes
Net income <n deficit da&GE •
TfitBl
No dividends
received Under E
100
10 under 16 tinder 20 under 36 under fiO under under
16
3D
100
250
10
259
undw
JOO
600
imdor
1,000
1,000
10,000
under
(,000
10,900
aai
over
MANUTAOTURINO: CHEMICALS AND ALLIED FBODUCT8— RETURNS WITS NET INCOME t
tinder 1
1 under S...
2 under 3
3Dnder4
^ *.
XTfl
as
4 TIDrifT S
bonder 10
10 under 16
,
10 under 30
30un<kr £ 5 . . - - , .
25 under 60
50 under 100 . . . . .
JOQ under 260
250 u n d * r « » . - , - ,
MO undfif 1.000
1/WO UDder 5,000 .
5,000 and over
tsi
312
196
1J6
,.
^
. ..
_
Total
33
1
6
1
2,454
w
214
206
141
ir*
as
US
£4
-
£8
19
SO
13
14
34
32
3*
16
OB
W
B7
If
760
282
158
12*
S3
27S
150
116
SI
Aft
11
3,107
16
15
12
2
1
1
I
3
2
1
1
8
a
2
3
1
1
1
1
I
2
1
3
2
3
4
Id
3
3
7
l
1
1
1
2
10
i
2
2
£3
34
3
2
1
17
30
&
4
7
W
3
1
0
I
a
$
7
5
5
1
Z
7
1
s2
1
35
17
12
10
I
MANUFACTURING: CHEMICALS AND ALLIED FBO DUCTS-RETURNS WITH NO NET INCOME '
Under I
...
lundtrj J. *
Sunder 3 . .
^ ^.
Sander-4
.. .
4 under 5
_
„.„.
fiuniSfirift
, .
10 under 11!
... ..
Ij nutter 20
~
3D under 25
36 under 90 .
Wander 100
260raiderMO
HBtmdfif 1^000
1,000 under 6,000..,. „ ,
6.000 and over
TV»t«]
...
. .
1,936
fflC
263
179
13E
308
Hi
2¥
71
3fi
25
1
3
]rS91
4M
2tl
169
136
289
US
67
31
ft
30
£1
17
tt
7
10
4
1
1
1
1
I
1
1
1
1
1
1
1
1
1
1
1
1
1
3, bis
,,
44
10
11
147
4
3
1
4
1
1
MAN-OFACTtmiNG: PETROLEUM AND OTHEB MINERAL OIL FRODUCTS-RETUBN8 WITH NET INCOME *
Under 1
1 DUdtt 2
2 coder 3
3tmdfir4
.„
_
_..
64
10
11
IT
Q
6 under io.._
10 under 16
15 under 2D_
27
,...
7
,.„,-.,
SO under » .
26 under 150.,
(0 under 100
1W under 250
250 under KM...
WO under 1.000 .
1,000 under WJW
5,000 and o^er
Total
JOT footnotes, see p. 22Q.
„
20
«
IS
15
17
IS
334
40
10
10
1
4
I
17
s
32
9
1
£
1
7
25
25
22
11
A
3
233
1
2
i
9
9
3
6
2
1
1
2
1
3
1
1
4
i
1
i
3
1
1
2
1
2
1
1
e
S
1
1
2
1
3
2
1
2
S
10
1
1
4
5
4
TABLE 12.—Corporations, 1937, frequency distribution of return* by net income or deficit classes, cross-classified by dividends received cla&m,
in aggregate, and by certainl major industrial groups—Continued
[Net income or deficH clau** and dividends ranged damn in thnisuida of ddlara]
Dividends received • classes
Net Income or deficit classes
9
Ko dividends
received Under 5 5 under 10 under 15 under
SO
10
15
Total
100
35 under sounder under
100
50
2»
S50
under
m
500
under
1,000
1,000
under
6,000
under
10,000
10,000
and
over
MANUFACTURING; PETEOLEUM: AND OTHER MINERAL OIL PRODUCTS—RETUKNS WITH NO NET INCOME *
Unrtet!,,
£ under 3 , . ^ . .
3 under 4,.
4 under 5
S uminr 10
M Under 15
IB uoder
20 UD tier
25 under
30 unrirr
141
__
..
.,.„
20,-,......
...
2&
jO
,-.....
100 . .
..
250 under 500
. .
500 pn(i<?r IjOOO. , ,
l,fl(K) under 5,000
,..
6,000 a n d o v e r . .
.
Total
.
IS
21
19
32
19
13
U
35
11
14
5
137
46
16
21
30
15
11
11
20
10
11
4
1
..
3
1
,-...
331
351
4
1
1
P*
H
1
1
1
i--
1
3
1
3
..
02
I
1
1
. .
ohlj
3
1
I
1
1
l
1
19
1
2
1
1
l
B
MANUFACTURING; METAL AND IT£3 PRODUCTS-RETUBNS WITH NET INCOME I
2,300
Under 1
-auBderj""""
GDQ
w>
431
4 under 5
i ufldor 10
10 under l i
15 uoderft)
-
3S3
325
106
1
66
S2
I
2
48
57
2
102
s
1 127
6S7
.---
30 under 3£ „ „. ,._„
S77
336
Mfl
25 under ffl
60 under 100
70
775
Total
SOS
70S
It*
ss
a
____
,.„
lS7
72
1O,4J>1
S^Slfl
i
1
1
1
2]1
181
16
33
GO
17
i
3
1
4
4
1
1ft
12
6
IS
1
U
u
5
3
1
125
1
1
2
4
I
1,454
1
j
VtUt
]00 unitprflSO
^
?50 umicr WO
6U0 under 1,000,
1,000 under 5,0W) .
5,000 find over.
1
1
1
a
4
3
s1
33
1
2
1
b
2
17
13
7
16
13
13
13
2
1
82
56
11
3
4
S3
51
1
3
4
16
A
4
3
10
2
1
27
15
20
2
1
MANUFACTTTRI\Ta: METAL AND ITS PKODtCTS-RETUJ^VS WITH NO NET INCOMK *
4,340
1,159
3
Sunder *
422
4,235
1,111
703
3S7
103
43
20
21
IS
r
in under 15
] j0 under
205
u
Sounder so.,
sounder 100
-
IOC Under 250...
sooumjnrt.ooo...
1,000 utidor i.OOO.
6,000 and o v e r . . . .
Total
173
10O
109
225
147
57
17
w
1
e
s
i
a, 349
879
1
D
TABLE 12.—Corporations, 1937, frequency distribution of returns by net income or deficit dosses, cro&s-clamfied by dividends received
in aggregate, and by certain1 major industrial groups—Continued
[Net Income oc deficit damtsa and diTidendi received
to
In tbonundi ol dsllan]
Dividends receivedJ obasea
Net income or deficit classes t
Total
No dividends
received
Under*
10 under
is
10
20
109
25 under 60 under under
50
100
26
Z50
under
600
500
under
1,000
IIWOO
1,000
under
i,m
™0M
and
over
OTHER MANUFACTUMNO-KETUKNS WITH NET INCOME*
Under 1
Mio
SI Under S , . .
3 under 4
i under fi
5 under 10
10 under 15
15 under 20
20 under 35. , . „ . . ,
25 Under £0
CO under 100
100 under 260
SJO under WO
WOundfir 1,000
1,000 under 6^000
5,000 and ever
1 fl2fl
l' 293
1 051
3.Q99
l.AfiO
1,1*1
fifit
2,094
1,499
1.2S0
-103
„
, ....
Total
3VS
208
28,052
7,877
3,673
lt7i2
1,166
918
2,641
&31
I, HO
957
716
2K
117
44
23,614
327
215
6
1
183
12*
129
2
0
5
417
283
22
It!
302
JS3
4&L
14
iS
!57
W
Ki
2i
2
3,346
47
24
13
10
1
1
a
£
7
S
37
31
IS
12
2
7
1
1
1
2
2
6
18
42
30
4
10
31
20
10
J
3
10
4
a
17
50
171
2
Ifi7
1
1
1
1
96
IS
3
17
2
1
I
s
13
27
29
17
2
JU
5
19
22
3
1
1
e
u17
2
3
IS
4
14
10
27
28
3
2
1
2
3
OTHER MANUFACTURING-RETURNS WITH NO NET INCOME '
Under 1
,.--- -
2 under 3.
3 under 4_.
F
17,4J8
-
„.„—..
„.
e nrujgc VI
1Q under IS
15 UBder 30
rJ__
.
3,880
l,64fl
1,326
'817
2tttn&OT 90
Sounder 10*.. „ „ . . ,
,
10ft under 2S0 „.- .
336
SB under 1,000...
1,000 under 6,000 -
31
Total
37,173
17,10!
4,88*
3,765
1,758
1,346
3,362
1,401!
7SS
871
]
*e
74
1SB
llS
its
m
•m
66
18
ID
17
$
IS, 478
1,503
2
4
3
3
fi
5
4
3
15
S
0
1
3
51
3
1
1
1
2
3
l
7
2
8
1
I
1
1
1
1
i
i
i
k
1
4
3
1
i
4
1
1
15
«
1
1
31
3 under 4,
IIH
_.
„
....,
6 under 10
10 under 16
14 under M
30tinder2fi
lOO under 260 „
350 under 600 ,..
6ODnnderlFO0O
,„.
5,00(1 and *ver__
,
Total
'727
433
350
6W
457
31$
40
535
J54
236
041
55
42
ft
472
301
304
537
372
HH
117
72
57
15
ior*a
9,617
402
204
J**
175
32
se
SI
S6
44
90
49
m
v
1
5
l
&
t
1
S
i
sr
1#
4
4
3
2
li
I
3
1
1
S
1
I
1
l
11
2
1
I
1
1
X
1
-RETUT .Nswn B NET INCOME»
TRANSPORTATION JLND OTHER PUBLIC WE!
Under 1
] under a
t
1
i
ii
2
7
3
S
5
1
t
4
1
6
e
3
4
»7
1
2
4
fi
5
2
ft
27
1
1
I
G
2
2
£
16
1
1
1
1
0
10
10
4
A
16
4
3
10
6
12
7
68
48
1
7
6
4
S
3
3
14
4
1
1
fl
3
7
1
4.
20
27
12
U
4
1
for footnotes, EM p. 23X
to
TiLBE 12.-—Corporations y 1837, fregiienpij disirilndion
nf returns hy nrl income tyr deficit
to
dividends
,
in aggregate, and by certain l major industrial groups—Continued
1—»
OS
[Net income or deficit closet* and dlvtdimde rcwlved ctasos ID (toOsandB of dollars]
Diridtinds receivod * classes
Net income or deficit classes
S
Total
No (Jlvlreceived
100
under
250
lOuuJer IS under
25
100
250
MX)
under
500
1,000
1,000
uadi;r
5,000
£,000
undur
10,000
TRANSPORTATION AND OTHRR I'UIlWC UTlLlTrKS-KETURNE WITH NO NE'l1 INCOME1
S.OW
ir617
Under l
2 under
3
y ui>dM 4 4 under fi . . .
!i mtriw 10
10 under 15
,-,
15 u rider 20
2(1 undsr 26
35 under 50
50 under 100 .. . „.,
100 under 260 . . .
2M under 500
500 under I 000
1,000 under (5,000
fl,000[Hidover .J
,
. .
.-,--.
8S1
'm
SOS
367
183
122
S73
S47
174
IIS
208
115
6S
40
ifi
.........
Total
171
01
40
25
na
2
32
17
6
4
27
2
2
1
i
1
2
2
1
3
3
1
1
i
1
1
1
2
20
IS
S
3
19
13
14
10
2
13,816
13,379
!
09
27
23
14
549
1
1
I
1
1
1
I
3
1
1
1
1
2
3
10
1
I
1
2
Z
4
3
1
7
1
1
1
11
12
2
2
1
1
4
6
1
1
2
10, MM)
end
TRADE -RETURNS WITH NET INCOME *
UDdsr 1-,
^..... ,
Ilinjur5
_
2iin<Jer3...
,
.
3 under 4 . . , . . ^ — , . . „ ,
4 under E
$ under M---. . .
ID under 15 .
„
.
16undcr2O
„,
20und(T25
25 under sc._,
50 under JPO
„„
100 under 260...
2SD under 5HL
. ..
2<1,MW
4,642
3,31$
%
wo
6^ 5fl7
2,878
1,679
I H2
2,3)55
1,256
7fiS
252
106
%
500 under l,nno , , — - . . .
1,000 undesr ,y)00
&hooo flud over
13
Total
62^432
25,146
7,573
4, SIB
2,011
2,217
B.595
5,32B
l.»7
Sfifi
3,efia
781
415
117
43
30
3
M-,S5C
I
7
574
411
3S4
274
7
a?
m
4OG
327
20
25
230
57U
4d
IS
31J
194
64
51
22
IS
4,734
1
3
4
2
1
1
1
il
10
^
4
1
Si
27fl
135
4a
l
1
1
10
8
12
6
27
39
I
4
7
7
ia
19
15
I
2
91
3
7
1
3
4
&
1
3
1
1
7
16
H
17
3^
U
id
6
2
ia
IS
1
1
59
s
£
IS
14
&
&
1
4
2
J
t
5
9
X
go
20
S
7
3
1
BTTJRN
Under! ..
J under 2.
4S.24+
12.040
£.940
,. .
Sunder*
£ under to .,
10 under 15
15muter £0
20un<kr25.
25 under H>
50under 100 „
47.382
ll,G8ft
i, 315
3.3U7
4 B3i
l,fiS7
„,
„
„
.
.....
2ffl umfcr SW
..,
,
£90 under 1,000
1,000 under 5,000
,..,.,.
5r00fland o r e r . . . . . . - . - . ,
...
TVitftl....
400
705
2fi7
32
12
i
80,652
2,230
S48
31S
203
145
eo
S37
1,460
614
363
607
233
03
IS
6
63
27
80
s
3
3
4
3
4
1
7
fl
30
11
3 WITH NO NET INCOME*
3
L
a
2
1
l
2
2
2
2
5
3
2
l
1
2
2
1
2
1
1
2,310
1
1
s1
1
2
1
3
1
1
1
2
a
3
78,210
1
1
1
'
5J
27
11
4
15
_!
5
4
1
„ ,
13
3
1
1
16
1
1
12,—Corporationst 1937t frequency distribution of returns by -net income or deficit classes, cross-classified by dividends temted
in aggregate, and by certaini major industrial groups—Continued
I
[Net [name or deficit diMM end dlfldinde rewired d u r a 1B
Dividends pewlv$d * classes
Total
Net income or deficit classes'
N o dlvJ
dends
received
under 15 under 20 under 26 under
Under a Sunder 10 15
30
2b
11)0
under
250
100
250
md&r
500
500
Uartcf
1,000
1,000
under
under
10,400
10,000
and
over
FINANCE; BANKING, INSURANCE, REAL ESTATE, HOLDING COMPANIES, STOCK AND BOND BROKERS, ETC.—BETTJRN3 WITH NET INCOME >
Undsrl.,.
It. l i t
l under 2-,-
2 under 33 under 4
•-
^
..
4 under J i . . . , _
Sunder 10
10 under 19
36nutter20 . . . . - . - 30 nndw SS
, . .
23 under
ffl
100 under 250
250 tmder 500
5fl(l under 1,000
1,000uncterS000 - 5,000 and over „»*
6,310
,...
,.
-.
..
.-
TVita]
2,383
1,764
4,936
£,331
1,342
1 G73
2^14
383
w
16
12
10
4
8
1,117
42
632
40
36
344
1,038
31)2
'm
435
97
65
171
392
746
90S
71
331
180
42
SO
fil
32
1<A
40
66
20
Ki
SB
23
10
23
5
12
1
2
I
4
14,332
4,847
2,73?
1,624
1,308
3,361
1.433
CS
3!
235
01
1«
1
43,531
31.S46
24
6
3
6,780
es
1
t
w
At)
557
a
8
2
I
8
5
SI
22
33
66
S3
19
14
7
4
4
1
WO
302
1
1
1
23
40
80
462
106
W
800
I
2
1
U
&
ft
12
4
1
4
111
sao
CO
3
30
82
403
43
g
1
1
36
ld2
29
36
1
MS
601
263
21
s4
34
13
2
a
1
I
24
1
1
113
16
27
4
126
8
9
SO
24
170
156
30
34
1
FINANCE: BACKING, INSURANCE, SEAL ESTATE, HOLDING COMPANIES, STOOE AND W$X> BROKERS, E T d - t t E T U f i N S WITH NO NET INCOME'
Under 1
-
3 under 4
6 under 10
10under 16
- ----.. . „*
20 under 25...
25 under 50
50 under 100 ltt>u£der2GD
25luJw!wMQ
500 under 1,000
IJOOO under 6,000
... .
,
--- -
,,
,
44,603
4,839
Iv«H
1,148
1,797
900
691
1,317
7«
4»t
r
.
,
SOOp and over
'-
~.~
--- -
TVjtfll
42,002
£,354
4,2*,2,386
l,Ji&
5,429
I,42£
7M
4*0
4*0
299
7%
42
2,«*
MB
4«S
361
344
592
291
IS*
111
289
167
88
14
fir
17
i
1
73,498
W,345
6,061
ft
*7
ft
][}
IS
*7
90
14
14
43
34
25
*
%
2
383
14
12
3
7
22
11
7
e
21
IS
15
fl
3
9
174
10
7
fl
4
K
ID
9
S
7
11
3
10
1
3
4
100
3
3
1
13
A
S
A
3
4
6
3
B
12
6
4
22
£1
14
6
4
4
2
1
&
17
7
3
5
g
13
IS
1C
7
2
i
a
2
3
Ul
7
6
2
I
1
66
1
i
1
4
1
7
0
15
12
7
11
2
3
2
4
2
1
1
4
3
2
2
1
4
0
lfl
2
4
3
1
2
17
5
3
90
325
1
«E'F l
UndeO" 1
2 under 3
3 under i
i under 5
tutvdw 10
10 under is
16 tinder 2t
20 under 25
25 under BO
iO under 100
r
loourrferMO
, . .* ~ . ^
r
,
~
,
.--....,
2 6 0 u n d e r MO .*-.*
HJO udder l,TKffl . . . *
I,rjfJOPPdci' 5,000
Total
,
For footnotes, see p.
.
„
.
12,310
n,S83
3,4W
2,138
1,341
3.S9S
l,93fl
i,osa
MS
1,412
1J0S
619
983
SOS
394
334
40
17
6
1,3J>S
770
491
1,127
604
402
134
hf,
26
2
23,102
26,272
424
188
175
13E
m
MS
196
114
74
218
106
72
S3
4
6
7
3»
24
17
1?
as
3t
lfl
4
1
I
1
&
*
16
10
4
17
7
14
7
4
n
5
3JSS
304
95 !
I
2
1
2
1
1
6
3
5
5
1
]S
G
7
10
3
1
3
2
1
1
56
-1
1
7
2
&
22
27
23
11
3
?
us
i
i
2
t
8
2
I
20
11
:&
4
21
«
7
60
"1
1
9
a
TABLE 12.—Corporations, 19S7, freuyeney distribution of returns by net income or deficit daeses, cross-clasiijied by dividends received classes,
&
%n agffregaUf and by certain * major industrial groups—Continued
O
[Net income or deflcll cluwea and dMdmda received classes in Ihouswida of dolbra]
Dividends reeolved * classes
Net Income OT deficit classes '
Total
No dividends
15 under
Under 5 Simdw 10 under
20
16
10
250
under
500
25 under SO under tltlditf
100
under
1,000
1,000
under
s,ooo
5,000
under
10,000
19,000
and
over
OTHER INDUSTRIAL GHOUPS—RETURNS WITH NO N E T I N C O M E "
Under 1
1 under 2
2 under 3
3 under 4
4 Under 5 . .
5 und(w ]()„
10 under IE
IS under 20
20 under 25
25 UDder £0 . . . .
5fl under 100 . . ,
100 u n t o 250 . , . . .
250 umJisr W0
500 under l,W0
1,000 u Drier 5,000
5,000 and over
Total
34 IBS
nJ3se
4 210
1,710
a, sea
.
,..
,
- ---
~
'TOS
450
957
492
261
60
27
11
H
3,114
4,067
212
i m
OS
61
2
3
&
4
1
1
3 G44
1,371
191
106
727
423
876
437
50
31
43
£3
20
2
2
1
1
2
6
4
1
1
3
1
(5
2
10
3
5
1
3
2
1
l
i
l
3
I
1
1
1
2
1
3
2
2
1
s1
2
m.
2
1
2
,..
s
s3
1
1
1
t
as
10
1
1
i
i
***
57,680
1.925
53
27
14
5
1
1
for to lfl:i&. see p. 3. The ctJfcrence between 1937 anil
1930 in tbe bases al the cLftssifbutiOQ of the irturns by net Income and deficit classes is
mil "total deductions*' (items 14 and 27, respectively schedule A, p. 2, Form 1120). Tbe
classification ot th» returns by not iaconw and rieflm closers Es based on not income for
excess-profits tax computation- Tor tocaparisou of the amounts of net income for 11337
tatisd on p , A.
« Div Mentis from domestic Mr mtf&ttons &nbkc:t to taxation under Title I of the Revenue
Act ol K»3G (column 2fschediil& F, p. 3, Form ll£0) wbtcb 13 tbe anifjutit usad lor tbe computation of dividends received credit.
REVENUE ACTS OF 1913-193 7
AND CERTAIN TAX PROVISIONS OF
THE NATIONAL INDUSTRIAL RECOVERY ACT (1933)
ALSO THE SPECIAL EXCISE TAX UNDER
THE ACT OF AUGUST 5, 1909
A SYNOPSIS OF FEDERAL
CORPORATION INCOME AND PROFITS TAX RATES
AND CREDITS AFFECTING THE COMPARABILITY
OF DATA IN "STATISTICS OF INCOME"
221
"lo-y.t—40
222
STATISTICS OF INCOME
Federal corporation income and profit* tax rates and credits, under Ihe Revenue Acts
Act {1933), aho the special exc-ise lax rate and
Income t
Revenue A«t
Income y*s
credit*
1909 (eiclse tai) [Aug.
1909 through Feb.
I«3 (Oct." 3,
M a r , l | 1&13,
through Dec. 31,
1019.
1916 ( S e p t .
8 . 9 )
TfllS, aa amended, and
1917 (Oct. a, 1917}.
$5,000
2; ooo
1921
191K, 1933.
maa
1932 fJune 6, 1932>
National
Industrial
Recovery Act (Jane
lfl. 1U33>.»
lSS4(M
)
1933, iee»1933
2.000
2, (WO
^000
2,000
iOOO
3*000
3,000
3,000
3.000
Net inoome In eiceaa of the mm of (l)
the specific credit, <2) eicsis-prantE
andttar-profits taxes- for current year,
and (3) interest received on United
Siutes ohtiB«tkiiD$ issued after Sept.
l, 1917.
Wet Inmrac In eiwsa of the sum or (1}
tha specific crndit, (21 osraiss-prflflts
tajt (or current yea*, {3) excess-profits
and war-profits taxes on Income from
Government contracts, (4) Interest
received ouVnited states obliEatirtiis
issued after Sept. 1, 1017, and (Si
WarFinaiKJC Corj.nitaiion hpnd& not
entrnpt.
do
"S&t Lneomo In HTLWS&. at spuclflucred.itJ
do.^^.^.^..-^
..do
„ . do
.-do
10
do
AU net Income '*.
1934,1935.
1936 {JUde 22, 1933). „ .
1W7 (Aug. 28,
,
.da.
i « j S O u t of earnings Mar. 1,1913,
through Dec. 31, 191&,
Met inmnie in eioeaa of thu sum of (1)
s-proflt^tHir Fw UiatnwnBt Tear,
(2) dividends received out of
u^a Mar. 1, 1B13, through DflC.
31.1015.
Net income in excess of the sum of U)
eicess-prpfits tai tortJie ™irent year
and (2j dividends received out of
, l, I91U, tbroueb Dec.
191B
1917
1924 {Juoe 2, 1924)
1984.
1W& {Feb. 26, 1933). . . J92S
1B2S (May £G, lft2S)___
Nat Ittppine iu excess of specific credit.
All act income _,
1913 (Feb. 24, 1919}
1921 (No*. 23,1821)
Bate
Cpecceot)
Taiablt J
DTHIBI tai net traanie:" »"•
1037.
Less than ar equaling
,..$3,000
Exceeding $3p0D0<ireduaIfne 15,000
Evweding $15,000 or equaling.
40,000
E d i
S40fW0
Undistributed net income:"
First M1) percent of adjusted net
i c*o * .
Keit 10 pHSfcent of Adjusted net
Income.
Keit 30 percent of adjusted net
Income.
Kant M percent of adjusted met
income
Remainder of undistributed net
Income.
"
S
11
13
15
7
12
17
22
27
223
STATISTICS OF INCOME
of 191S through 1937, and certain tax provisions of ike National Industrial Recovery
credit -under the^Act of Aii&ual Ri 1309 '
T&i credit fur incoma
and: iiraflta taxes paid
to foreign countries or
"Unitol States poKftB-
Eteas-profits tax >
Credit
T a s s b l e i.ii.«<}m« ' '
KoOMpjuj; An amount equal to the
eame
percentage of invested capital r for the taxable year as the
BVETBBB annual pre-war Im^mo
was of pre-war invested capital
(not less than 7 percent nor mane
than ft percent): or U corporation
»as not In existence din-lag at least
l whole year of tiie pre-war period
8 percent of invested capital for
taxable year: or if during pre-war
period corporation had either DO
net immtrm or & vary email not
income or II Invested capital cannot bo determined, same percent
as tbat or representative corporations. f S « See- J10, Revenue Act
of iajT>
ta,WO » for corporations with m> innominal capital-1 •
S3.WO9 plus:
Spefccnt of the invested
capitalT fur the taxable year.1
. . do
Rate
Met Income equal to IS r>erceotol In vested capital loss
Ket income in eictssof I5perceat but not In Bioess of 2d
percent ol investfitf B%OiiaL
N E I Income La exdess of 20
peircept but not In excess
of 24 percent of Invested
capital.
Net Income la excess of 35
3fl
dQCStlQIJGi
4S
percent but not in CSMSS of
capital.
Net jcicome in excess of 33
percent of invested capital.
For i9i7 4nd prior years,
i n c o m e an<l profits
taiu? paid to foreign
countries or United
S tales rmssessiMis wero
not <uw«d aa t tax
credit, but were incliid^i in general defFO(7H
grfiAl
income, eioept that
taxes paid to foreign
countries were Dot al'
lowed to foreign oor-
EO
All net income in excess of
Net income equal to 20 percent of invested capltafless
credit.
Net imjonie in «icees of 20
percent at invested capitaL
"30
N«t income equal to 3d percent of investad capitalizes
credit.
Net Income in excess of SO
percent of Invested capital-
"30
Amount paid tn- accrued,*
Do.'
40
Bo,"
Do.
Dn.
DO.
Do.
Do.
Ho.
1SH perceui ol adjusted declared
value of capital stock.
„. do
.
, -
~
10 percent orarljaated declared value
of Capital stock*
Net income in excess of crcd It.
(JQ 10
^
AmountpaJd or accrued,"
„
NQt Income » Id excess of 10
6
of 16 percent of adjusted,
dMlated value.
Net tucome in exeeaa of IB
percent of adjusted, d<S-
12
Do."
224
STATISTICS OF IK CO ME
Federal corporation income and profits tax rate* and credit*, -under Me Revenue Acts
Act {1933), also the special excise lax rate and
"Wor-profits t&**
[necta*
Revenue Act
year
19L8 CFeT». 34, Wl»)
L91S...
Credit
Taxable Income Rate (percent)
33,000• plus either an amount equal SO percent of 100 (less amount
to the averi£« pre-war net income
net Irc&me
of exLTws-iwofin esccas o( its tax) H "
plus o* minus 10 perojnt of tbe inwar' profits
crease or decrease of Invested capcredit.
ital ' far the taxablo year aa compared Tjvith average pre-war invested capita), or 10 perc*nt of the
ill vested caiiita] for the taxable
ysar, whichever is greater."
Eoforenoes
to notes mean the noi*& of this synopsis.
1
AU onrprtrattons are required to flle returns reEardJess or&mDLint of neit incnrticor loss, except those
exempted by specific provisoes ot tbn Inw and those
deficribfid in (.tt) liclow,
(a) Uuder the Kevcnue Act of 1000, corporotinns
warerequiredtofilereturns an a calender yew basis;
under su"hs*t]iient revenue acts corporations were
permitted, to Hie rat-urns on aflaoalyear bflflis, nther
than (hat ending l>oc. SI, except that undor thy
ACT of ifl2[ and aahs&quent acts Jife-iiisurance companies are required to flic UH H <9iton(3ar year basis
Ih aeiordance vdtb tbo State laws regulating insurl
United: States- for Ip2i and subsequent years doim^
tic corporations ddriving a lflren portion of theirRTOSS
inconie from suiircvs within a possession of the
United States report only income Irota sources wlLbtil thft United £Uata£, or Inromo frnip soittow witbin
or without the United States rucoivort v.[thiu tho
United: States, fSte sec. 2(2 or the Revenue i\jeia of
, 1021, and 1026 and Pc?, Efid of tlie Iicv^Due Act
ol 1628 and subwquoiit atits.) Xet income
htw been
adjusted Irnm time tn time as f(j|lcmrs:
fa> AiTiortiafition of luiildtngs, maohinwy, equipmeni, or otbot lauililirs constructed or acquired on
or after Apr. a, 1917. for Hie yrpduetion or artfclos
contrihTitinf to tfte prrewHiutlon of the war is includiff) Fnreijni corporal IOTIS art rnniirrd to file in- ed to a reasonable amuoiit in busttirt-s dmiiJctioxiE.
come tax rtturps for all income from sources within 19IS throupn 11121.
tlie irnlted Statca, rejoardlcss or amount, and ure (b) l>ividciLtLs rtiraWnd on stork of all corporatious
entitled to tlie staLutoiy ilrrfinTtions nKftwed aaalast Liable- ( to the t&x ijujjuat-d by ilw RUVFIIUC Act5! of
Blurb income, eitcept toat for 198fi aud fmbscqiiont liW, I J17, and ]'jis Hrc deditctible. Such dediiciiblo
years f«rei£ii wrporations not eiiRaged in traftc or 'ilividoiids are. not Included 3n the amount
of pross
nusiuess In the "Uiitteil Ftnti'a Hnd not hEiyinK an income sbown in ''SlfiliRtics of Jncoi[]is'f rpr 1918
office or a place or busiuess tbercin, twins liable tn <1UE> tu- then fart that on tb<? return tliLLse dtivirtanri.5
tajc only tipon tticic fiyed or determLdabJ© fiumial
or were dr-sIetiiK/id as nontasahV income. Under
periodical luftime fmui ,smirces -p-iHilo the LTDited the li-evemue Acts of 1913 ami l&lfi, dtviriends sire
States are not r-ytjuiri'd hi Blcrtiturns unless tlietotal not deductible. Uaidcr the Keveuut: Afits or 11)21
tAx lias not been paid at source, apd when tiling re1SJ34 thdrp msy bft dftcluctcii the full amount
turns, dudi forylgn corporations are not allowed any tA divideudi received Irom doiiicsi.lc corporations
deductions.
nm! from forelpa •eorporatious derivins n pertain
<c) From Jan, l, lBia, thioiiEh D«c. 31. 1921. per- Hinofmfc of incoina rrnm sources witttfa the Vnited
ajbiii-aervjcp {yiTponiticing were treated as partner- .States, but under the He vein™ Act of 1335, only SO
s h i p . Prior iind subsequent to sild Hntes, such percent or t h e amou nt o f such d i vi (ipnrtswrre dftd [jctcorporations \rere taxecf as other cuiDurations. (Son ihle, whl-cb provision, however, was superseded by
exccsapfirofits tas fit 8 percent for 1817.) For 1934 and tbe Revenue Act o( 163ft, which provides fora crefttt
r
£ubset[uent yc.trs. jinrsinna) hclfifinr comrmnics nre re- &pai o£t net iumnLe ot 85 pfenKut, of such 4 ivulaad* £X
quired to Ale returns for surtEUc, iu additirin to the !SC<fi and 8Ul>Hi;iiuciit ynnrs. ThtSc deductions ara
rot
allowed
Tor
<Iiv[<leri<ls
frmn
Pfirjxirfltlonj
deriv.
cwporfttiun returns for inborn*rtndexcess-pronts lai.
itij? a Iatj5ns portion of thuir Krnss iactJinei frcjin sources
CSwi noto as.)
jil the United States, nor for
' Tor years KUS throuifb 1921. thu wur-prtdts RitrJ wiihtu A possesgion
fmm China Trn^iu Act corporal ion 9,
cxMss-prnflta tHX of forrign eorjnnrationa, and tot iBlfl dividends
Under
the
Revenue
A«l
uf 7Q&2 and 3uli^i|LJi:iit. acts,
tlio wEU-prouts and cxti;ss-]iryill3 tux of corporations dividends from tni-^xpnipt
Corporations aru DOE
deriving a larjte portion
of tliek srnss inflfpnic froiri
uu<3 umlor tlieTlpvenii« Act. nf ]0fl4 and
Bourws witMn fi pt)ik:5t^flion of iti« (.rciited States^ is deductible.
suhsequetit
acts,
foreign
dividends
are nut dt^iuctcamimtad by tomparSsoD with repTesontative cor- ihio.
Fnr IO3fi and sutiaeirnpnt years, mutual
porations whose invested c-JCLtaJ ran he dt'Ler- iuv4!Stit)6iil
twmijiiii)i(is
an-,
not
nilnwud
credit
miiitd aillstactflrily iinc] which are enjt^td in a like for divJcierKlsnxKivcd but are allowed thothe
lor
or similar tradu or tumlxmss and simildrlj' rirenm- •dividends paid. (See sec. 13 (a) 12] (31 cn^lil
h Kuvenue
Efcanccd. (Sea sec. 31S, Be venue Acts of 1918 atirt Afjt of liirtrt.) J*'or f|ff]in'liu[« of cliviHcnds
paid
on
1SS1, Kind note 7 (if this syunpsisj
preferred stock, by ce-rts^ti ineuriiornlfd twints jitid.
* Specific tinetllt allnnviilile to domestic oorpfii
insiiTEinoc companies, trt the TJnited States or to any
with not income of-ttZS.OlK) or ICES, 1021 ilu'uiJirh
instrumental]ty thereof whii?lL in csempt from Fedcxoiu>t domestic corpcrations •dc-rivitiE a larstu tior eral incotnc taxatwn. see section 121 of tlio Ho vein JO
tion of tlisir grr;ss fnpfrmD from snnrccs within a pos- A (its of I9fa and iwio.-whicl) section was adtted to tlio
session of t-he tnitur] Stutcs, 1928 and sribsKiUi'Tit. Kovnisiio Act (ft 1G31 by PaMir, Xd. 374, 74th Con^
ycnr=i; not nil^wable ta foroifiu curpu rat inns, lflis
(ind sulJsrqiiBnt years.
(O ]for I91fl and suhs-riiLi^iii: y«irsr ciirpir^liona
* Far years 1W17 itoousb 3821. tiiii nniount rtf [iTifTliellnp instirnnre companion other tiiau life ijr
i
CTtwra-pmfit? tnx (and for IBIS through Iflil, tli(3 mutual. HtiLesi-lmlinp personal h l l i
-war-pToTifji tnA.) wes aliij^cil «» « cr^^lit in nrrlvlne sre lwrmitted to indludn in dwincti^ns
; ifl(V)iT!rr the- nmoiint of ehiritablc, etc.
s
at T-he noi income *ubf?ct to lueouir rjiX; for
ttarouph ]flflo rJiiiCMdtt
was not. alltwed, I V 1036 TMII in CXOTKS of fi pciTPnt. Lof the net inronie commuted
and ^ulisibCiUL'uL vtnJws- tUt1. omnuTit «( cKees»fM;«(lt«
i v l w t l&Kisefil n< tlw ^ .*flw-Vw>n for ttnilTiVflilinns
tax fs ai!orwi>d as a credit iimrrivinjf attlio net iucouiu
ntributions t>y
M
t
(ihiiii^LiiH% KC-T? s(»ctii>ii
3ut;ri!
L\ot
mc
y
s
,
, of 193(5, aud n<sU' 30(il of
y i
the excess of cross1 income I>V<T tJrduttions aa tlr- (rf; Looses su.sTainec| cturinKa taxabk yoar an*!
finod in ttie vjirlftiiP revrnue acts, i'oroi^n •c.-oipurii- r-iiJniir'nsiifeti for hv in?t]ranf¥ OT othrrwise.
tions retort uiJ>' inwnric from sources, within the
i[^'i>t tliut FtT !93: «cid 1
225
STATISTICS OF IX CO MB
of 1913 through 1937, and certain tax provisions
of the National
credit under the Act of August S, 1S091—Continued
Industrial
Tax on iDQaizefrontGovermneat contracts
Revenpe Act
Taxable Income
Income year
1918 (Feb. 24, ]&19)
Rats {percent}
191S, IWCL., Tutal amount ot net Income de- Kxcess-pToftts and war-pro-
rived from Government contracts made between Apr. 6,
1917, atid MOT. U, 1SHS, If in eftcess of $10,000."
192J (Nor. 33, 1021)
1921..
do
_
fits tax rfttae of Revenue
Act cl 191$. as limited by
sec MOD 301fc).
Do.
from sUes or cuthanfKS of stocks or hand a n deduction in computing net Jucctrne for one Stie(othor than tfapits) assets and other than bonds oeoding- ta*ablt year ofli*. However, see. 21^(a) of
issued by a Government or i>L>lftL-CJ"il subdivision the National Industrial Recovery Act repeals,
thereof} we allowed only to the extent of the gains effective as of Jan. l, iflSt, socsu ?&$ ejaA 117 of t i »
from suet sal&s or pxtfianijep. The "Revenue Act ol Revenue Act of 1933, thereby removing the privilege
1932 provides that any excess loss thus disallowed. of dedudtlas from the net Income for the current
computed without regard to any losses sustained taxable year a net loss for the. preceding taxable year.
during the preceding tem&Ede yraw, la to an SUIIOUDI 'FhoK la nr> provision ia the KOTUDIIQ Act of 1934 or
uot in Bxoess of the tsupayer's not income for the ipaefor the fiodiie-Mon ot net loss foe prim- year. <|
taxable year,tfon&idenprlas loss sustained in the suc</l f c t iiiHutftttce tompfffliis, see speetefl •urwisicHB
ceeding tuabfc year Irani sftlcs or exchanges oJ stocks in the vartoiia BflveniK Acts.
8
or bonds other than capital assets. Tlie 1 Imitation
Tho {3,000 credit not allowable to foreign corpora
oa the deduction of )o«*» from sales orflschangcgof tions.
7
stocks or bonds does net npply to dealers in securiInvested capital witbln the. meaning ot tha
ties, bants, or trust dompanleg. (Roe sec. 23(r>, statute is the 'ua.pital actually paid id to tho corpora"
Revenue Apt of 1W2.) However, s&n. 2lR(b\ of the tlaa by th» strict hokiei*, p^i» t b t fcwrnea surphiB
National Industrial Rcnqyery Act repciUs. effective flnd/OT iiTbdivicleu profits (cnulnsive flf profits i<# the
aa of Jan. l. 1933, snetinn 23(r)(?> of the Revenue current yiw) and exclusive <af inadnilnaiblft aswta
Act of 1*32, ttttriby limiting the application of losses as defined in the Revenue Aot^, (Suu soi>. Tffl,
from the sale or exchange fif stocks or tMmrts (other Rcvemie Act of 1B17 and sow. 32i and aae, R
than capital ssseks) to gaina from similar transac- Act or 181$,) For 1917, foreign eorporsitioTis
tions during th-c same taxable y«ir and. firQh.ftitt.tnjj!; tkst prOEKwtwn ol iiiTeateiJ eaplta\ Ttbitib not nco
tne carrying fi)rwiu?d and application of sue!) louses from sources within the United States was of tb&
id plains frujii sLniilor transtwiftins in tbe succeeding culiw net ineoni*. For the years 10IS thrmigh 1921
tsunhTf! >enr, Tl_y the Jtevisnno Act of lSMh the It was not neoessjiTy for fore iff a corporations to
definition of pupitfti swsc-r^ is broadened to include report Invested eujjitol, mid fur the year 1021 it wos
all property lidd by the tnxpayfr, whetlier or not not nwcssrtTy for corporatioiis dpriving a large porctinneeled wifh tmde or businosst nigjintless qf pe- tion «( t^wir groan iuWTfns Srom sqru.rces -with in a
riod lietd, oiisopt sttwk in trade, property whirh possession $t the United States to Kport invested
would t>& ineluflccl in inventory, flr pnwerty held capital. (See note 2.)
fm sa!c, in ordinary course of huslnfiss or trad p.
• Prov3dftil that in n<t Case sli^ll -Che sum of the
For 1S31 iwrl Kiihsurui^-nt yc?js( deducrtiLiD flf
•eiceess-praflts las Eind tht3 war-profits tai lor the year
IOM, after sut'triLiHin),' tho nmount o{ uet
1S)1S he more than 30 porrant of the Tict irtcome ia
BiJln, is liniJtt'fl to S2,(XX) or llift lucurmftt *f M t f*i>
•esic*sfi trf Sa,Mft. anrt not in cwees ot S3T>hnnn. pina
loss, whidjovcr is less. TJiis liinitfitjon does
SO percent or the net income In excess of $20,000,
apply tu lotjsea sun-tiifncd hy certalD banks and
compiiTife? on the sjilc of oertulii botid*, etc. (Hce (Snc sec. 302, Eteveape Act of 191R.J
• ForfSgn oorporations wirre not ttll^wod to ilmlui t
sec l]"(di, Rownuu Act of lOifi, and subsequent
ixes |>nid to ittrsiKn roiintcies either as »
acts.) Under tho Rovenuu Axt of J93(f ns nmeiit^d
credit or in gonornl deiliittirhn?; for the years
by the lie venue A.et c[ \Wi, Vi/wts titntt sales tw
rt i )
cifiliiwiKes of proirfi-ty {emjrpf (n cn.^c of distributions in liquidutHtti) between tmooorpor-ElUonp, ivhnn
i' rtnviderl Hint In nn fa-ee shall the tas bft mora
more than
50 [lerewit In vninn of the oiitstaiiclini; than 20 petMiit of the net Income in excess of S3,0WJ
r L
s(npk o. ( ivh tjt owned t>y or fur the ssvno If^'^'tiual. ftiifl not In ovress of Sao,flflO pLis 40 parent of thn net
arc distilluwrrl, tf Htlm- on* or such (inriinraMons is i
In nwess of Sa],(KHi. [JS^ ^ ^ 30s. li^venna
a vwrsonal lioliiin^ compan"? HA define! in sec. ^=jj
or t* frir^ign pofs^iiAl tiflilijis MmpEiny a£ r^efii:«d in
TVir la.flOh credit not alle»wat)ln to dnrnfstic oorste- 3*1. [Hou ?(ic. anifbi, u&veuun Af:t <>f iai7.)
poratioiLS rlorivinf? n, Inr^fi porti&n of their (-TUSH income from ijoucoca witbiii a possftsslon of the LTnited
(*•> Xet iass Tor ]irior VRSW resulting frthm tlio St
B K i s with 192t, the credit rannut esw^tl
OJwnitioTl of any TCii(ic or fcllslnrss rOEtllm*ly •Carrie^)
on by tJip bttpjij-cr: In tJie cfisc of fi IM;(, 1™H Tor any tile proportion or ttio tprjil tax against which the
Kntalile >-(j*r bi-s^n^^^ »ft<T Ot-t. 'Jt, Wl*, nud cnil- cnviit 19 talceti, that fh« tajijinj'ur's mit income from
s without ttw. T7nitw3 Stutes bcais to tho tint.ire
lug prior tn Jan. 1, UW, rlio Rpvfnue Aft of L9I8
prOviLjcs Tor th-Ch deduction $t sut'li l<tts ffnm the net net borue. This <ryrii& does not fl|>pl>- to foreign
ations or to domestic corpfirntiona deriving a
income of Ibci jirewrllnp yeJlr, & redelcrmiiifitrdn of
purtion nf their fffoss IUOOIIIE! Srum sources
Ifl^s for the pTfleeiitQR yewr lieinj; made. When
Ihn imt. JIJSS ciceeds th* utt illttmiL: for the prfrpdiiiK ivitbju » iKissesalon of the United Ptates, but ro such
ye4c tlw. um<tt\i\t *s( ?«f;Vi t^.tnr*s is %o bo fldliicinfl corporations fheg* taxes itro allowable n« JI deduction
from the net iqeonne of the !*iH!c-npriinjf livable yejir. from ETHJSS Income 11 infiposed upon iiKnimo frn]n
Tho Jirvniiie Arts of W2\ tlircmgh ]33ft, nrovide sources within the Thilted Sinter. For t t e years
(tint net inss [ti nny year betriuninH aft«f D^rt. 31, 1S21 through 1931, the araouiii uf Interne and prontft
foreiffn countries or Unitwl State® posI<i3f>. mtiy be derim'toil from the net income of th<? ( l l
ioLS in escws of that diidurtfd aa a tax credit is
su.ct:iHfiinp texnbla ye«r. ami if Mich net lotw
m i t s to he included in derhjptluns ruji
h
I
^ tl
ii
X
(See note 18J
ofsufli eidqss j^ la toallrnvrrt in the nqxt SQ-„
year. The Iio-venuc Att rf 1832 r»rnvidps that a
net lossforthe year lfiWJ or 1*31 shall bo si lowed as
es vojithiTied on p. SS6)
226
STATISTICS OF INCOME
( Fcctntftt* continued from p. H5)
i> Certain corporations at* taxable at tbe foJTowios
11 For I9KJ and subsequent yean, corporations axe
allowed, as a credit against net income lor income tax rates, regardless of the size o( net income:
purposes, th& amount received BS interest upon. obligations *f the United States which is required to be
penxni
Included In grass Income {e. g., see sec. 236(a), Revenue Art of i&M). For 1B22 ant} eabscnuent years Banks BIKJ tmst companies (as doAoOd in sec.
China Trade Act ootporations are entitled to &
io*. Revenue Act of iflWJ
, 15
specific credit. (See sec* £64(a), China Trade Act, CorporatJctTis organized under Chirm Trade Act,
1823
15
}
15
"Tax credit not allowable to China Trade Act Corporations entitled to benefits ol ma. i51
Ctfpor&tlanS tor 1622 and subsequent yean, but FOTCLGD cdrpacjitlona:
amount of foreign tax paid may be Included In deResident...
22
duntious against RTOS* income.
Kcoresident-_ 15
r
ID Income of domestic ludaraQCO companies, es{Except dividends vrhich am taxable at
elusivfi «r mutual companies other than life, taxable
10 percent unless such rate be reduced by
at xzy& percent.
treaty witb contiguous country to a rale
i* See Joint resolution of Congress No. 133, apnot less than 5 percent, tkso sac, 231,
proved by Ihu President Dec. 16, 1639, reducing rates
Revenue Act of 1U3O, By treaty with
of income tax fot 1620.
Canada, Aug. J3. 1G37, the rate an dividends wps reduced to 6 percent, reuoao" The rate of tai on consolidated retarra tor 1W2
tivite-Jan. 1, 1S36.)
and 1033 is 14H percent, except for whims with
fiscal ye&T ended in 1934 on vi-hicb the tax attribulD$ur&n«e
cutnpaniei
IS
table to 1934 is at the rat* of HH percent. {See sec
Mutual investment companies, fame as
213(e) National Industrial Recovery Act.) The
ordinary
corpora
items
except
as
to
credits.
rate of tax on consolidated returns witii year bes in(See &oc ]3[s)(2). Revenue Act of 1038.)
ning on or after Ian. i, 1034, 1is 1?>H percent. Under
the Revenue Act of 1031 and subsequent acts, only
"TJu di^trlbutRti net fnrajine1' suWcct tfl surtqic
railroad corporations are permitted to file consoli- is **
'^adjusted nut inconio" (soo noto 34J ksss a- credit
dated
returns.
lor amount of dividends paid. Tbe folicvtinx c«c18
f o r 1932 and subsequent years, tbe taxpayer rn>rationa nne not subject to the surtax on undismay elect to credit tbe income and profits taxes paid tributed profits; (a) tanks, [M dornestic corporato foreign countries or United States possessions tions which for any portion of th# taxable year are
(witb certain limitations) against tho income tax
JnauraEce comnanlej, (d) foreign
liability to the United States, or to include the in bankruptcy,(>)(c)
oorporatinDiis deriving a large prifentire amount •>( such taxes in deductions against corpoTFiti.-ns,
tion
of
their
gross
mcoma from souro&s withiD a
gross Income, except that foreign corporations, and possession of the United
States, t/) cnrfx-jTAtltins
domestic oprpornUonS Entitled to boneDts of sec, organized under the China.
Trade Act, 1922; (ifl
251, are not entitled to claim tbe tax credit hut may joint'Stock land banks.
include tbo amount of snch foreign taxes if Imposed
3< 'JAiljusloil not incomf!" is thn not incmne less
upon income from sources within tbe United States,
the normal tax and (2) tbe credit fur iutccest reIn deductions against gross income; and except that
rf on oh Lies t ions of the tfnitprl State? and 1W
corporations organized under the China Trade Act,
11
1B22, enj not ephtlod to claim tbe tux credit, but may iDstrumDiitalftiRS. Whon the "a<]jiiR.te(l netincono
include all foreign tax«3 in deductions from gross is less tban JWjOOO, a specific credit is allc-ived. (See
Income. (&et aeca. 131 and 23lc)<£), Revenue Act ot sec, n ( c } , Tievenue A-ct ot 1936,>
1S32 and aubseqTiBnt acts.)
is The RsTeuue Act of 1937 is not a complete taiing
stetuto hi itstir, butm«r«lrcun«nd£i naA adds to cer" &0Q note 5 (d) and (t'i and note 17.
*> for l&ii antl subsequent years, interest on tain provisions of the 1936 Act, (See notes Sid), 33
Liberty Bonds, eto.h which is required to be included and 29.)
** El corporation was not ID cxiatancc during tbe
in jsioss income, is included, in net income fot excesspnoflta tax computation. Under the Revenue Act, •whole of tt least one calendar year during the pie-war
period,
the credit (with certain eieeptiemsi) shall b$
of 1036 a credit aeainat net Inoomu for escessjirofltj
tax computation is allowed, equal to the credit; for the sum of $3,000 and an amount equal to tbe sauna
dividends received, provided in see. 96(ta). (See paroeataSe oF Invested capital foe tbe taxable year ns
the averago percentage of net income td invested
also note 13.)
£ "NofmdJ tax net income" ia net iueome less {1) oapttA] for the pro-war period of representative ow
credit for Interest received on obligations or the. poration?, but ?uch amount stiall in no case be l*^s
United States HUd its Instrtiimerttsllfjes and (2) than lOperwntcf the Invite 1 rfipitsJ of the taipayer
credit of & potcsut of the amount of dividends lor Ili6 tenable year, (.Sea sec. 311, Rcvcnut Act af
recelred Uata domestic corporations subject to tar. L»13.>
Mutual investment eontpnrit&s may njso claim as a
" A ciirporatlor Rubject to this tax was exempt
credit tbe amount of dividends paid.
th
fH I
227
STATISTICS OF INCOME
rtax rates for personal holding companies
Act"*
1038.
Less than or eau&lJDK
.
Escwding--.,,.
Leas than or equaling
Exceeding $2,tri)u or equaling.
E d i
tlM,«M or equaling
* 3 » , « » fti trtiualinc
1937
Less than or equaling
Ec«di
1934, W S . .
1G37
: Undistributed adjusted net fnoome «
year
„
g^l^fOijOOO.--
• For definitions of personal holding companies,
See Sec 35l(b), Revenue Acta of 1934 and 1636, and
section 352. Revenue Act or iflflj which amends the
HevtiHK A«t o5 ].*Sfifi A. totislgt pwswnai boltUn?
company, with taxable y e w ending after Aug. 36,
11*3?, Is not taxed as sucti, but Its undistributed net
income, aa defined tn seer. 335, of tbe Revenue Act of
1937 is to be included In tbo gross Income of its United
States shareholders. ( S « J SM- 337, B e venue Act t>t
1007, a part of Supplement F which, was added tii the
Revenue Act of 1Q3A by the. B-evenue Act of 1987.)
j* (a) "Undistributed adjusted net laconic" w b i « A to a u r a * it* v^sr is "adjusted net tucoinc" (see
(b) Q/this note) leas <1) the amoiint of dividends paid
credit provided. In sec. 27, computed, without benefit
of the dlvtdoDd. carry-over j and (2) AUIOUDLS iisocf or
irrevocably set aside to pay or to retire indebtedness
of any kind incurred prior to Jan. l, 1034, JJ such
amounts are reasonable.
(A) "Adjusted net Income" k net Income, &9 comput«d under (be-provlsIoEe or tUlo L w l t b the (ollowV gt^ t r t t
1A>
K l t i l d «44 ut cit o n s O
1> X
XcK
O^^e t l
«r»l Inetime, war-proflta, and eic&sa-pToflts tf*i« paid
or awnied during tbe taaabk year ta the eitenC not
allowed In oomputiiig Title [ net income, but not
iadud Lngsuitaion corporations improperly atasumuilatins surpJusfir surtax on perscnaJ holding companies; (2> in lieu of tontributfons or girts deducted In
cotnputLng Title I net income, contributions or gifts
made within the taxable Tear In an Amount not in
excess m i & percent or T i t l e 1 net Kicaaie, •competed
without, A deduction for coatributions or gifts and
without tbe deduction of tbe amount disavowed
under following adjustment (B); and (3) amounts
paJd In liquidation of liability of corporation* based
on liability nl decedent to moko contributions or
gifts, (B) D*dactions not allowed—the a*ttrefate
ol [lednctlons (allowed la thecomputatioaol Title I
net LaccKne) relating to expense? and depreciation
w b l c i are allooable to the operation and QiaJntgnance «f property owned or operated by the cori>oration is allowed only In an amount equal to the rent
or otbec componEaiion itscoived for the use or right
to use tha property. (For tbe method of computing
undistributed adjusted net Income for prior years,
&ee ««c. 351, Revenuie Acts of IB34 and 193ft.)
,-,-
-
-
__-
,
tlMi 000
100,000
^000
MM, 000
500,000
1,01X1,000
30
40
S
13
—
^000
2,009
66
73
the tfl-ir&blo year, hi excess of the inoome actually
employed in tbe bu&tness, or iavpsbod ta oblig$tioil3
or the United States issued after Spp(. l, 1017,
For the years Wre throush 1920, a c o n j O t i
mimitted an unr^asonsblo acoumiilation
pota
WAS not subject to toe ordinary corporation Income
tax, but tbe individual stoctholders were taxed upon
their proportionate shwes of Its net Incomej under
tbe individual income tax lave.
For the y^ara 1021 through 1923, an additional tax
of 25 percent was Imposed upon the taxable net income or a corporation where jt WHS shown that t h e n
hfid btcn an evasion of surtax as the result of aa unreasonable Hocumu]sticin of profits. This additional
tax was increased to 50 poroont for the years 1924
tbrough i£)33, with tbe provision for L93G and subse-
hether <llatTibuted or not, of tbp "net lacome of tbe
corporation tor such year, with the added provtelan
for 1933 and subsequent years that 90 percent or
more of such retained net tpeome bo included la t b s
g p s s LDcoma oC shareholders ether than corporations.
The rates of t a t on corporations improperly accumulating surplas (other than peisotej holding com*
paate&> for the years subsequent to 1633, follow:
laGnue
Act
IBM
1938
come
ye&r
T a i a h l e IUCQZQB
(percent)
1934HS5 Adjusted net income
less than or equaliUK
-4100,000
Adjusted net Income
21!
Adjusted net income
less than oc editalins
--- 100,000
Adjusted net income
in excess of
--- 100,000
-15
•26
*For corporations not subject to the surtax on anKG1E.—Por the y^sr 1317 there was also a t a i ot
10 percent upon that poctina o( th* t»t*^ rat tafflasna <ltetTib\rt*«l wofita, thesfc THtea wrt K wad S5 percent.
remaJninc undiaLrLbutc4 0 months after the clf&s ol (See sec, 102, Revenue Act of 199&)
INCOME TAX FORMS
229
FACSIMILES OF CORPORATION INCOME TAX RETURNS
FOR 1937, FORMS 1120, 1120L, AND 1120H
1120. Corporation income find excess-profits tax return.
112UL. Life-msurance company income tax return for companies
issuing life and annuity contracts"including combined life, health, and
accident insurance.
1120II. Personal holding-company return.
231
232
STATISTICS OF INCOME
1937
UNITED STATES
CORPORATION INCOME AND EXCEStfROFUS TAX RETUfiN
(FORM JIM)
For Calendar Year 1937 or Fl*«al Year J*
, 19M
""'fr~:"
«—•
Tmlne nl rapllold mi udrrlunl ir>r<iitr MfiUl nwk I n H U H faf t h e j w t u l t d fate
ra?1crpii jairnpllil-tTCt In* MeD|r>r4r<»»r™»n$*4^i
l u fecal r
u La 11GTHidCndCdon•!iTt
»l <•[ item I
-
1. Bi£*4«t *i*jfct 14
t C ptrtmt <* r*w*nl iJ Htm «, mrt out • «
l t p n t n l frhm 1 maua hem G)
ttun ilt
- . - -
NORMAL TAJi COMPUTATION-
)
{1
r
I 1
'
t llnrn
AC (jteni 9 m i a u itefii 10 D I ]1».._, J .... J ...._
i ^^9 FQ portion of JCeoi 13 BDS ta few^l£ +( ^p|nfm
fl
L ....j
B
B
^
. Tax an porLkCDofdtrcB IS In C I K B of IffjOOOftad n«yt ia c m a of JISsKll.-
IH1
-
. T U n pertpm o l i t m JB Sn f i r c r t t * U i . t m U K ] DJC Ib R H i l l l HOyOW
llo be UBHt la llea ot lac B O ™ * ! **X nftm
B u l l and iruM umjunta [ « Iutruetim 111
—
*awst
-
-
ConwatlDU untied la UK I ™ O n ef icrUa* Jll u( tbr l i m i u i Ast iJ tiii,
!4 IB iHdp 0VfcLMflMUvilfaiB U M tlnii^d 3tBtCB OT IIBTIBI
UHDISTOIBUTEJ> PH5fTTS EVRTAX CWPUTATWH
CS-I
I 0n™31, St«al«]= A]
too, [nc lutructks NJ (t>J»J («>)
n i f LEU
h r r a n l n H . r«*rtrtljiM,4Jrtj™l f«;ratii1J ( n Icati. I l l ]
ribuAed 9ft iB^anf ^LtHi^M mlfliu Hcnj £7 afid9ti)
_
n of* iC^Efl 2^ lazabk: BL T?i ^ ^ 0 4 nr 10^S of £LBD 24J wrlikbc-rtr 3i amiifr LbutiK^
a til iLcm »
I m U t u JZTE-: IQ^ ^ licm SI (but oul JDIKT thin l i ™ SJ nji.ua
c u 17
iH(bili
I'K (til
B LbD ± 4 B I
[
»^; ..
l U t will fiirtux (turn Msluttotm ti.ntntm
l i 3». 30.3L or I f
IltCB 8 SlWW)
n u v t m l •• D U P U C A T E C O P T " •
1 Vm Al«d \ r t t b I M i
1937
233
STATISTICS OF TXCOMli
5ch«Iul>A—HET INCOME COMPUTATION
IlWfcnil
CW44* INCOME
1. 4ne» adoc h t m In-Kntlflm on
1 M relunu Knit
2. T J m « « t i * flu^i. »ukl (from EthcdjUa U-IJ
_
._,
3* C u m profit finm w h * liu'ri L minus luiu 5)
i
r
T M i n i i l ^ ^ W U l - H j n l A m SiLedillf V »
1
S, G n n pwHl » * W l ™ ' i i l i r i n u i nol in tin niiBMMisfiijnlag Iwtar (lt*m i RlLBiu 6h
7, l a u m i o n h i m , no«»>IIlflrt M Bi r boiuls. tmjl(4ftl»»|lj. *L<=
_..
SL lB«™t-,*i sUisHiDiu-if tfcg United Slilai <fn.a> 8.:h*4uki P, lice I t (g> Hi]
9. P>ii.t*
IS rjtiujj- IIXSBU (riilfl iu.liii* of iE.ff.nit)
t
DEXLKJTiaNf
15- O*fnKfi*Ui<i Hfnftren f frn™ Stttodufc U}..
HV SkJariH anil wag^i (imt dvducbed cipewlwpg^
n=.i .tv.n fir,,™ lrt,_r,.l,. FT)
11. T u n Jio» SctniijCt It.
It
C™triMal'0ut ur f i l l , (fratu StnorluH Jp
XI. L™*» h j t r t , .(JOT,, r rfc
14
„ .
i f e hul Imluii T t i j U .-I,-,™^|T..,EI.I U l j
_
,
^...
_
IB'jh.mli uh«<i|l^, i ™ In^iuc"on ^ M -
n^wtvlpilm Itmm. OthKliiln Kl
15 TJ«|ile(iuEi " ' mlEm, dt in-H Rj,> -nili, limber, ah:.
! !
ii
{lixbBUt Kludulc. a « liurtiL..b[..,,i f . i
SS. Otlitrd>«J>icl-ri!na«<i!J:liriiorl bj I>1> (Tnin grbwluli L)._.
^
.r
r
1
IS. ]*i« Ir=tMii« (»T *in>|bIIK<fiU Ui empuUtlan (lt»Bi 11 mlnu iHm iTl
TO
».
Lea: F M t n l i u n - ^ h h i ( m ImlniK<« M).,
Inlirat an clkHt*Un=v ^ llw United Stiici 4I(«n «, itXi^tf
S*h*duUI3 —TtECtWCtLlATTON OF MET IWCAfttE *f>ID
1. TnrtaL i|id^ l-uti'.-ri* Lo •toeh'hbliiam tliArjri tn
,.
iM* V r t U
jI
I
i .. .
J
OF CARNED 3UHFOJS ANTF U»JP1U|HEI> PROFITS
! I7J KBnAd iiirpltu AJI^ i^jnjl*i**ii imifiEn •>
+lr«ifVii I t / b&LaaM jbr^c «f J ^ * * r f prt«d-
G. RucciJ iropromnHr. Unf* fettling to In trvuwr. 1
!>i»lrirt rf Cnhimbla, at Uri!.-.!
of. Of befors Kpfemli" ! p I f IT,
S, Jvu»b£e tinikiuiLini -p*lf1 ™ tbA t j ^ nt
T m i u r y HtitM, Ttemixur Bull.
w
•SH^ 1YtfMji:Tj C^^^^Vn uf In1J> t-nLtOd BtitM Sevuigj Borujl JTiJ
i i . AiUUduii 14 nrphif HHCVet 111* U b J « a - . t
Trf4Uul"Bf Boodl -tanned in the ^ri ncipil HBKJUB* of tmrSSjOQO
W-.~
-
C4) ODiiprt^M el .rJfrmao.. tali lien nf
{()
,.
IX «thtr UHEnabLe dediiDtim:
(5)
ft(
W
rruoi iraimi in [ b mL.irH 0 LgfHIce)r
(If
„,._,_.
(jj
31, AdJunUMiti Fm t u pivyovU » « ntccrfltd 4n
td
(uj
Hi)...
£""
fa
lkT4UltfL.«lbi; ,
J
-.
•a. T«b.1 oninw l / l u M
m « h , . AclHidulrB-1. B-t etc.. n l n a
i to tibldi a n mrt 4cductlUa lor IU«4RIB
s
234
STATISTICS OF INCOME
C—JUTU.TH1 OF
4. Oid-I, ^
l.nlili iar rrnai*ililiJ)
fa)
.
Ml
fl.
F tiltJ.P-1—COST OF GOOPB, SOU
Knight f*t n u l u .
* HaVaW *P 1
tnuiriil!
Total
lEalubuUlait)
—COST OF OH-HATlDMi
1. Sdtrin anil <ran>
1. OtbtruatiltaktileUkd):
U x h l t l — C A J T T A L CA[I»S JUW LO9SU ( l i M i H a • EiiiiinpiaiJrl CS» h u l n i d i a B )
tiPBBtoO
T o t a l Oata ( i t L u ) fcotw H (t«m II, t t l x d v l g A- but If
uiF n m d dhnriO}- or buBmri4p w n tiian-H litiwaL la
aril*ffcaMMM aiil'IIJlI :|1TJ*—'." " ' V\ ~*-—I
'
1———.-»-—•
flt BHUIUHT bj JB.
Jf H,(t*t>BHH*llDllWllInH tf E
J1
—~
r
••hjJiili C^-COHFCfBU-rKW OF DFFICOta < • « faHiiiWInll U)
tDkri GwtaMaifau of Offlm* twtcr M ton U,
MM.—8«ttiai» <^i [W TH.n>T.iCATH m i maai w md mm ma
*• •- -•- — ~r Hi ii L ilnl i
235
STATISTICS OP I
Tatel fyafrm ima 31,
T-atlll te.Hr M tWfl n .fltfttdLitA. J>h|Wt 1» t H W I I bffcllHtcni ft ItotrmJiu tflj
f —-mm*
*
—
—
"
'—-'-
-
-,i
__ 11 „ - .
- ^
- -
....
—
tfMl <•=•• fa Item H. 34
..
_ ^ _.
-
_
. ..—_.
_ . _ .
_
s imfaa X V lotah
Cuuxia itMk, (Bt*»a*« a i»d ! ) , „ . „ . „ . „ . . „ ,
niturrl.
, DlTiJmipiM ir«dtt (Mil at U s . 11- u d lt>.
. Adl™lrf™*Jonnii. Ohc H . n n l >
(EaWl u Hun *7. pi«( tl..
,
r A n U ulnulbiiU)
. ToUL dbLrfhllliaaEmlof nrnL
m t
i pidta 0* ika 1
,
TTSff Of o u t Btf a f i l ^ l «* pnri
l A H TIIMII^ » ,
(uiul ti molmaiBm I .rut
,ltu 1,1
, TiWl JlitTiHillciu HUTU.,! th* U I A I I Tfu imnnBm d mirai.
ri »
.-„,
Ika uwnnh munri n 11ns M, IT, «m J
I. Erntr It* kmn »rtU m> M T P I H uHisti HMMTUIM* *• rf Umul flihftuttn: M TU >dlialc4 t~l> !• ItilfcUisH
pnndedfaaeeUiia HI nt t>B Benfnia Art £ HB4. •• >iu«ledj u Wi Ibi (UT m r t i l n l n .
3. Eour llit I d W j it™ i nto[trait* n»Mjfit»jkWimaiod u cV lha thru ct JlrttOmUon: {•) Fua n i x ; tr (It Mr mitgt nls*.
I prftmdiWkfrrttiH-i^BiKpiJd b-ftnnj^riintock . h U l l i prfurrjlii
— -' - - i t tuirrirl" nrilirnriHlnr iTiujSlFii" fm ¥tilnli IJIIHTTIIH ffhl.n il *
_
--
" ZZr.\.
•dttddb M,—BrtmrnUUlOKS TOffTOCKHOLEmSAMI> DIVUKHDS PJUO CRSDTT (S**l
CHH nut™ 1,4. u d S
j
.
:
-
236
STATISTICS OF INCOME
H.—BIUJUKX SKXT* tf— U n i l m 10
<•) TeMriInn J u d I
4M h « nulHUlL.
(*) w«pt bi p n w t . .
fd FlnUhcdcmb
or Oanad MaHH
VOtMafenn-.
u c j l h * United fttitei..
4, dUxr lanclm«ti:
O> -Mocks •( *>merti<: cDtparitlsiia.
(W FhKrff ef4vmtfUf wipc^tlfin
{t> ALWb 1x1 bgrnkdf fcttlfta OvitttaElft
W> "TiuBury *tn&
t# AH OUiitlliK*tai*al*HW l d U . - - ~
7. Dshmd ihan«c
<4
(W
W
fA
M
BidMlnijL
„
Mubbinr and mulpnnii
ynmttnrt uxl Bitnin
^dlitry bqu^nncnt
Olbn dspmclaU^ b n U .
-
(*)
L A ^ n«erv» I v dcpacclBtLgu—^,IU IVptiUBt u n h
Vt
Lot Kur/t (or ikNcukit-..-—..
{fl TJJIII
.. .
LIABILITIES ANO CAPITAL
11, A « O I H U [HTtWf...
_
IS, D«ub. Botu; and o»rtcuu ptnhk {nith
4C4BV£|HI mamrttp -ot 1E^ t M t 1 f e u ] . r r ,
mdglnal mjitorHy ct 1 ysarar nun)
U. AseruDd
( 4 Tirberat
.
(*1 ?i*f*m«i « o f t
_
(H C m p ™ Hsdi
If. tild-ln or MpfUl nipgut
_.
Iff. &rn4d. purpJu»and andivrdcd rrrjALi
34.
T*Uil LUBlHdu »cd Ctmtal
,
Silwluh O-—CWANCE3 IN CC-RPORATWW'S OffiJQATIOWS AND CAPITAL 3TOCK ( 9 » I ~ t r a t "
t. Tot»l w k iwdcu during ttubto jn™f Iktm d t <iC ecrpmtJ«i>^ o n
t.
_
I....
f t Tetad aali Bp»<£llim« i u r t u u a t l * y u i fer miehaH er rtumauat «f
*
»
tar Uidi p w i « i Aould ba ccuuUtml u rtoci irtjfcb la fttttrtA u t! »Ilbw4HilJrad»«r»»f^ tmpMtLv*
237
STATISTICS OF INCOME
Oust •»• fclotl t»in(lloiljtlMl**l*lTTlii-IU;lLll,!,mi-tF»nl*t.
t. WM
minmliiirnn t' -'-—'
S- fli»to or nmn-tij
IIHIH—
utr prior )«r dm Dijybj M. H«7l m™^
Ti
(. Tfcb mcvwMn'i
Lnoawd H
~ U « Hi rf U* E^nUi*= Art J IBJ, HUAmdcd bj i
A«l «< IBTf
-— i r « , u tddlHnad n t a
11WB BUPl m BKd.
DBOO mui duun n s mr (act VJJUM blOtMtd «C
to, smmirn trsma Us edliabw <J toUnal i r n n a I n | w 4UUUt
t^iu « 1 . UMMthnu Sawn*. « J t t IUI b. ttlrf la. anscB V.. m l
e«r>td tt kar
f tbi
UIDI,
bid bi Boaputlnf s*( b
Lrwt or
14m duitaj ll» tanbH JT*T SO Idmut M- j>m nt pwf iMim jtcd.
•lUcli K^iiFih KbtSidit rfxvbg n"lh tkpnt to <«^: (1J u a t kid 11. Hah whgtbcr Ibe iBnatsrin *1 Ita
fciln—, C3> poncE^t flf rt4a HTHJ, CD if* f*4Ck w u gniifad,
url Hi fha «Jt«l™i o*™ b nbldi t t . b w a tmi p u n . <* pgn
™*i:«™n™. UH1"1*J*J |amv*blpv HIL f kmiaUm fw till kit
t b 4 < * . m m lied.
fll«J I
Did Hlie DarpuMtimi n - t i • mhin al L.lajjuckm ai Tsmj | « * Hid
;
^ . p
P
if
r> uid tatumv C« n u u i l t n u u r v , u cbiaf
e
*S.en) of thewrpentfca bv which tbi* tttiou ia madu, tMiun wv«nl]y duly nrnm, gull Fu Itimutf dmpoMt Mul * * n tbst thii n t v m
fuicluding »ny TjaMHpmybB KfaaiiiilB » d >ta1*DHDU) h** b*«n muniiusdfcjrhim and in, io the h a t *r I n kuHriodg* «nd briWf, «
uu.*, «OhrWt, ksd cgm^alA n l u n F nuuh in good IniUi, Icr [lit tunblit jtu *UKuJ, pitHiunl. Io ib4 R«*Wufr i«b ol 1W*, »
« d U» Bimiiin Acti cl 1?3« «nd 19ST, ind h
ibJ
nrOm t« tsfort to* tli»
,1B..
i prepamd t ^ » w ptnan OT
l i » tollinrliif *ffi
mint- be txAuitod)
A F F t O A V E T CSH h h i d i . H
< } p 1 r t i « p < c » i i n E u n e d h « n n n u i d
Uul liiemliini ^
^
f
f
Wbfdnln ud, ititMiiiotsH" » mm, UOrrtKt u d mmfl.t* •Uleanal d all ib* JnfoimntiiMraportingIIH LIUMHII* t»i Aadjir
Jirofiu |«i iibilibr of llu p*ncia fw whom tbif utani b u bum pr*p«*i «f wbict ]/w» hi*e nnj b»w)wlg«.
n g n to Iwfor* IH (bis
-
d«j tt.. .*
„
.1
>fa^»^bA:if4»
£10803—40
30
238
STATISTICS O F ISSTCOM1E
INSTRUCTIONS FOR FORM IUO
1937
""*
UNITED STATES CORPORATION INCOME AND EXCESS.
PROFITS TAX RETURN
1 9 3 7
f ^ m u i <n • ila 111i an *A d IBt. a a—dad h» ta I
Trnnrma r-B tm\ U hilrfii Ht mud flrnml hnlnnirmfltn P hrturt r m n m l n i t*
tt mim In tbir n<«n* tn4
rta^fha EfHriGi: Imtruxttoiii Cntuaband txancqaonri with Ike i t w Bunalm* f» 3fh*d
^4l
A
UhL±U
er) led iSa GemetUllsa l u l l ustiaa in anwMim withfiUacJ> Uu ilcai U wUcfc t
TABLE OF CONTENTS
J.CIM»»Jl T »H>W<limmquJnHt W » t
C. laifi gf n u m .
D. Whan a j j Then n u n u v t In AM.
B. DmtUWI M d m
F. Bb||HI*r4f and »»Hlkatta*i
C. W i n and 1» wham tax Bmat
1 inivmuWfcia 4t it* lauc
SPECIFIC INSTRUCTIONS
DEDUCTIONS
a.
S3.
£J.
i.f.
Sk
£9.
CttiirtbsUotii of Hita.
I j m by Cj m, sunn, # t t
DarrtelEittiii.
JHj.UIH.ri «l milMt, til Ertd E l l i d ) , SnuHn l i e
Cnhcr dediutiera • n U w n n T b r 4 " Federal 4Kt*ia-pjoflu me.
TAI COMPUTATION I»STRUCTIONS
J[l- t u r n * tn 'in* H nWud
[V, -Crcdr.forU A M .
if: BSSffiK.'ft.
A . CORPORATIONS WDICB IJL'ET MAJtB BETTJRK OK FORM 1119
£v»rvdenuiitle and*u«i7 nalfon* foMlEncwpemlltHt 4oclwr Irian JI lira
l i q ^ r t ^ t rvnLpvai/3 not m f a A n l b tmmiihxl Dyabeimn 1C1, ^hathar nr
noc Jiavin( *BV nit ummne, Tae i t m "<ufTtTULnn- j i j t f i i f l l t j ' th* jlcL
l l l d
bi;
} ^ i l
i
d i
i
( l a UMcapMa
W » K p t * U « * Mtms fee —A
Ibc dun- i.J Lhc Ant ><*r in m o ! rf "rhirh. iStock C4n.
m m
m
;g
FTUII bi k cmphitp J u p l l m * uJ itw nEum tri«4Ba TliU if. J>BeJ Twl
r v v r
ta Ui* iF-i^nrK* rjjifwrl m«rrt vt th# Stai*. T*rnt«ry. * r L l n i i nrfCAlusnbu_
Fnt f^ilLkTf V? liU t ^ t -dupliHlt Xtliik'ti «JI tirac I n e n ^riU ba - — — • — |
•riJl be pi^t-trlp u-jHin rnticE »nrlrifcimj-pdhv r h i - [ » I W
Jh (4TflHh4J Ttlu m f c r
bp nia^B an Tnrm
m
vni
EIK*menbd
br g m r n 1* nor **KHjni ptu^cd by *
rf ^PHrLul' C - l nor. in
r4A4 irf M> infLLT«>w:r qnFF-p«m)f• bf • ocpy GJ that jtnnuil hiiEDnbwL mhii*
nvuft
by
11»>.
«
The KLUTH sha.IL he- awiani LA by tfut ^ryiifl^ht, -ri^q Efm^cnl.OTothwi
»ii »H1ILH*J
DurtrBdiun
Bdiun K.J
K.J
Ai ti>it», M
M In d l w h t w . t r a t m la bankruptcy, MHtimtJSOTJ.
|s4rt4rtt y h * r ttun. D F ^ I H ar * m f l f f y t « el 1h4 n r p t n L i - n ,
N d p e n a
HMIW ^ur M.»th nrpnr«LHiH»
« H »
I fI f• •ref«mv
ref«-mvhas
has
la[t
l-a[tciul«^
ciul«^u 4j and or p * n m i Jiunt cmitut DM jUMM-'i! m\ IJIE foot * f paf* 4.
preparl? nf
ha IJIIJI
tr d
ri
i U
f • curjmrpla-n, h
J I t
S. WHCK J I V P T O W H 3 « TAX. MUST BE PAID
i t l U H *T ( t t w l y *t]HU
I i tfl
Thn L u Jim** LH- p t 4 Ul full wheA Lbo I-TLIB-R i i lUcdt or In four -mutl
U 1-oc nticb |LE cmojmlion w u < I I I I I , D « 1 or
lu^lfa-rw^iLi, ^ji rnllin-B. On w bt?r?R tht- 1'rh [£•/ of [ha [hJpd B-unthj
^
d d l
for puEjuc*i gi*
r4t> nffe^rcretb« l i t k i ^ r
nf I k *
rdniiL niDCitk. J D J
of ( h i u?cUi infnLh: - ^
on w
ii
b«f«j£ Cbe It-th d*y
hfvn
the ]l*Ui [ W
oi tfa« frftLfLh t w ^ U i
foll-BrWJKf Efa^ rl-P^*? llf Lh« tBKflblf1 JfTfeF.
Hligldrj u diwialBn
nkj-k held *by m t nf
lilW
HJ
• M 1M nuiHMr «m F>tr H I M I t
tbdli (Jl & JliKrip!i«n unif Iht Til
b v t » * number: (-1) tka l a x i n d
tl«n DUnr Uiui •hprt-baE0tn» ipd CK
maHhilton;<V> 1 I
n k dmlniduil or mr
• u h of thin tor 1ht
IE i n y IllnUllnrnC b
vholc amoLint Dd<
CJI t h * ii*L» A n d
J"*r h « F V P M L ,
th*
yBp*>4 *n*J. b* t « a 11*01 u a L i n - u d demand fcF
1>*r l*> p»i-r bv jH-id bjr j w d i n r cr (H-JnEiinf V I L I I t h i rte-uiti ± *fc*rX nr
i t n - ^ j f c r J n - d r w - n to ll-.n « r 4 t r ai! "Oillix*<-r rf JrrttTMil E4v*njLjer
Da
m l . * t i i d CHh)fcyID*IE, nof j u f I t an pwinn -aturpi J » EIM call^m>fr> rjiV^,
A PERIOD t f l UE COVERED BT
«F the Aiinrum of Lhe U.L, u n l e u juch fkilaef j f diw H' •"•**.• h*lik r u w ,
And.
I tud (ii Uir tut i
1WI ft ftMtl
not u J d
thi l u
In AcMiUan. wrwjti ^ I t u H
i* willTu., *
nn«
p-f nqt
rii.^p t h u VJo.iHUV
wiLli eUur
rlad man I * uCiDnd In Air all }»•!»
tiblnhrf
m u n i i B urlad
blh
Ji=itiip"
itiip" it m^l^rffhun Ike C&mrnuiwiigr I f man* • asiHt*.
v
in th
th«
M fn, fjr a rhtnp:
ht
tl
| fird b
k
Alt flgftM
d f W«W U
t » itv
t t»l|«»r trkir u itifr expJhiiMi of iu
Farm 113$
7t
<r 4mCrm, t i j p n l »T lae U L ^ «
mOhA lh|kh (ll>,JXH> t>r |ipji
fm nnt m n i t i a E yea™, aj- b t i i ,
lfn.
tanLhcr vitLn ibe- casts of
* r fnud.—FiT- ptrrtnt of thj uitunt
*?t (hr 4fjr.r:i.i».-j; Hf nh" 1 rj J I T ^ M X ™ " PV T ^ n t f a - ™l! d L J H X * ^ *C |-ultrn*d
h^KuliCicnii Til ill Q uft inLc-nL ta •^•CTILLJJ. cr tQ pcrtCfll u-I U H • D U U D L a f Lhtf
C HAS!3 OF HHTfttf
i r yvtit bockl of i m n i * m l u w t «
•Tinned, tttn
W
VirpE v *
inch u
titrtjeh It L u
tM m r u d
fcu.t
b«t & F h
tacit,
vw II
*r/f*#llr
rv
'
weired or cnttxi-d c
L pird. Ifwuir b***
b A l . TTiaha n>ar T
[IJVr^l- I H
'
jva fcrpL
Intrn-it eMdil*i|fc>yr^r- ^Tn^nt
I. l^F^.w^A•n^^N A T T K E SOURCE
(** | £ t n i i l It-Mil. M-pdi
twi
Every »rpm*Lir>n l i J I
ttuhr » r*turn et r V J r j
t^h v i larSin-fcB -gr v l h i r cvmp«iialLoe
fcl.lfljl^ or BUITt iTl O^ ( I W «f
far
JIW
aKd
1 H 3 -vlLh
HmnfeT Bfrvit**, i<.ial:Pkf
» Ci^^H «r r r * l i r t t >tVL> IB JIQt .lUTJJCLt Hf
UihAUhUPim ALilfil i» ¥ nVhA.|>, ^f (EX-W I T Im-IT Sn Ejif <U« 1.J A • • ! -
raitum-l. and rvport t-Kjrfn*** aeitapklj pg»d
other I M J
-k dcductimta tvt u
«
UitfirmLnfthln Inc»m4 totoJInff i l . K * Ci^ itirc to & f d ^ c L i ^
'ra^SMSa^nrfroe^il! "liIju'i n^lSdVdl^S^dl"^.-!^, P R K ^ I ^
dndiKtbini ntiad.1 be •. I lowed in mpect at «xp*di**VTi.nIi-n<L uiuWf'
«Klkrji3S|at o r l n t t r H t UEFDOII *ni4ir wctlen E 3 l > ( —
111 l i PM p ^ ^ ™ i lht^MWjJE I » * P w "witt*i t n ind 4nc-luLt
d 6 BT?. hf ntxm rf - h - D^ilkM) of * H ™ , r , h i * oi1 Ui a pmun W
irkwui trw parymmt I i to TM mad& [JK unhint t l H T u r (>> pe.. M ^ I ' M
m » ,
khtlud i4l*
] * • ! - . •
t>-
**!> f r r n n
which e l with vkJeh d i * |dh*bfc ymi
J 3)
rf
for Uw b H i L 4 t
I b * t i u F n y t r «htU;
lf h ftt therititenJ ihc I K X I A U ftmi at t"hi l u r n n r H
(arne wilMn
fti
Ln \ha e r « a irvtwnfl * f
two and M M l i i l f
VHEH
1
mt*iir>i E h v n n f l v . h*th tt *
Ah~t> W B E R B H E T U X N
MV9T I I
it
^y
RLEO
or brtarv Eh» ISthriiy sf thfrthJri KotvUi fallvr-inc itfl cLav^f llm
**N*W#Jf*|tT w>?H.«* crrUccttLE £«F trH rJi*LnrL in wUch <>>. U F . j k i i h > n
b
i
fllcd <n D T - k c £ » t > * i C l t * i rf th> J l i * m « « h WlrnrinR AB Z ^ i Jf
U H t u d i b i r * a F ^ W 1 ? t m | ' * ntW4llJiL44 l m « n * 14A R h m l ifiL*dt>- «a
t f i h * cqmninriT*«iit eorpwKHn j n d i i #
iNJl^adlSi^-KiramtEcq
•nvKt h fllrd -until Ittfl collector friih vtmna A M n^rtJim^iri UKADM ' " •
JUM ufKni i-tqM*ti Surh n-Ldrnk rl inKnnalinn ancrinir
Lhtf <>|nnrlir
??HT ::i:iT nuiL Lv i^r-irdrd to I h - Cotrwniuwncj nJ1 Intui-hfil E-vfitur.
SarLltifl StwiDn, Wuh IngiiiB, IK C-, l-n i i » t - ^ W hrtvhvJ ml- b h r than
r * t n u r v I f - a-^HL
J , P t ^ L H ^ S OF t**TAE.V CJHPWtATIOHS
E v o n l ^ **r^T*\.i+*
-Hkbi* t kv H^wppiMni 4 r the Initrd » I I M H | « -
UKpttrW
*jut4.2ftJVrd,fn cwp^ihkjji * r ^ 1 R * l jr. hufH^Bt^iTjJn U i ^ r i l l t e l Ht»t*i
n t t t u
tn tliK* or noev ituTinii Lhi cole-nLk-r > t i r 1^31 4« -wtd. khAhhcJilf-r vrba
\i *n liKHvidufel UiUhb ur R*td«nb t f tht Unittd Kmt^i]. * n , ^
4f IhA fHBd lEtfAHC fqf lhA 3- yrm r |vnft ImiwnFipIr^ prKedinBr Lht
41«<- <.f |ht i*±fU> mt r (m « r t , p I r i i h c m l • • mij- bi arplJeasU f w u
Jarivrf l n s i HHncB wILniB a p«i[!ailm »I thf t n n r f S I I U E ; End. I l l
lit r^'^r.L i r jHi,A cl 5tw J - . . . i ~ i ~ F"r hjrh, , T n n | CT I > M li r i c t
themr ~aa drrivedl turn :fn- n<liw tmdufl or • t u i ot bj.lk^u rfiLhn
• n«»i[iim o! the United S t i l i i Taneiini £Of aara-Maaa.—Ibiii4je.it fflWip* »rbtr«l-i«U levr^ien cqrpoeaIkins whKk al or./ l i r v williin Ilip uiEnlr jrar t r r ^ipt»E^ ir, 1r.,i. i r
tHanim idthlr tho Ur I t J S i i l n I T I I I T I i n olfot nr placa »f AyEJneas
U.(.r!,r,>4iMI m»ut n u m | 4 n l ^ F i n I IB? ( f ininnr-r wtzi'vti fram « u m
vhbin the Uiiled S u t n . N^nmiriint FnrriLi funurulum: i.rnr>iBt
ebriMMtlcms rwt H I I T S M J jn irmdr « DUSII^-H ^:thHn ihp Un |c4 ^ titan
• nd TK* t*v(oi[ t n anvr " pines !•! t i u l n t i , H-jtrrih M mnr l " r j ^ l i t . n
the t a h l
r) thtl] «M tf*»E Ktuma «n F.nn USD K
Loinljra
239
STATISTICS OF INCOME
law 4f rptikxi t l * l
b * >*t *44n ttttlj
MI Firm
F.rM H
UWblnalaaltutFeipl
IM.
11».
Mi4«l Ipnnmi a i w i a lothai Has lib
•Mil
1| l-.fc»
!-••• m
and
ml ~B"|V
alt ^analln~a^raaiin~<FlLirtill.-Dn^B
I
LLT m
an ind
4 artlcaF.
lt
* l ra gajyf af FWIUalti*]* M.
lTJl-1
^ ^
.J «Wtaunt{aUsr Uaui a kfo gv ni4om| iBJunnH (HBpan:
abvwh atall beronupatadat arv«jd>di bl Mttkfl E8|*
« « l lavaMaitot m i a u l I la.—A. mutual m*
-• • • • — — ! ^ ~ - •
.•„£„
•HVbiHt nwiW* BT I I I g«H
. . .
r ' " * ' " " " * * * • " * - '^••»-1
t irtahd a. a amtual Iniolmtni nrnalnr.
K. CONMCtbAtQI BETLlRSi OF tULUuhU) COl
l^ijip^af iaili«»«i^i™>jBi»i» m>|f ntna i Mtn>X4ti*a?la<9>nHMu i w i n
TU CCSIDKIL batail nimnlkm. Ulan jUlagac MlirrJ.Hj rahinuaMI
rerporalioH lrglu*4 in Ik* tflum Eaih UuakH H u n i l paMdaan
•>u>n tttfta
l « * duniitaac MJfinaia tf FWm 11£Z (gnaiatiiB la Ran'
Ia4.ii»k #1 ant lutruirLiklg iha anaUu of th» aatim Jm it* kfsanT. Opj
rt . u . . fjm,, .K,!) M (IIMIlH.tnbt.HaHl.aatt. n l u n La a j u t
_tIH> ilWK PVPEBHU U4iaib4IHP._4t I I * U«t H U T IPT luaW HPF PHI*
E»^rSii^«w^iiti'3'iiiSri r Sv !!rt **"•*• •• " * * " wfc" " ^
ib**,!Kf
EnapUHL-Tfai I*™T, " f « n l n poiawial ksUlngr t n n v " dan n.1 U-
TMI, lha
.Brtjdlioji 339. Orvcnut AA of 1»M, aa amended br UttllevraiH Art
am. thai.
rn p n r i M
IWH3E i
>aiaus|
IBlV
far 1. l»lal
v7l;1ii
lUfna1 *BO£OH- BdJLUtChfpjTittBn mada'iniui1 D^hiBLni~fa7
Ll l
plnlf
1 111
! 51V™7
i " "^™ * **& aJJUalllfciiL.: aaj m . oSiimJi for 1 U l U
ol Ilk. J i m i l i . r jti^tnl «Trn to tho aLnlaalknu and JvdJuuiEnu. The
"tux W " ^ 1 •"?" t « l u " ^ h r tirnirt.tL.ri. <nd «Jimt™-jij, BIKHIU
I aoktijt « v . a j
it«iFi> o-r i m n jncDm. ani3 dMDaKl
anprmUlff n*r«un"y.
Jaeaaio^-Tln tarn '
a l m n t ^ ' j l r f j l ^ r t a j TpH,} ,-(HT|4I.7J iduBiaar
• UTpJul fftf 4ACfe nrfadaUaai tinnsthev * n ^ •
jSt^ Mtunl BnpanNl'ja a
|i«ll> w thwt rr^uiiml. fcr r « j ^ J U L j ™ rf jnirptuL
I
i^F^rv I]n4in4diiiB I, nlatiVt Ln majunf 4^4Pt->j^u
1 ^ *i4 •p'
U L r t i U SIJRrLL-3
Thtpq I U I | f* lovi'd. ^ l r f t a d , and nwj Ttr rack Ujuslc rail [Jit ajMIu"nn KXUlnr t u t i imraKaltj Titltil upm Itontt incur*i.rawn
IUIU.
tqlkm (qthar ihAa JL lorrini pariAnal brfiLhif tcrnpanj1 aa daBnaJ m B H iion U [ or a. aahKhBal litridjrv eooipan* a« BBtlnM HI M4li«n J&SJ if muh
Ebr^ArttioN. hwnver tjaJted OF MTajiii#a\ i | f^rmedrr avdled of for Lha
Tnd.r™nrf5«™,li
" " • ^ ( Ita Iw&sSljmjoi llie aurtox upan m alarrlHiitm.
«r th? ahanh«iki.j*
wklmclTany v i l » t B T ^ i i ™ . t h n u p D M DaHlaja <1 pnIIK» Of pnJU* to aciuanilata. imHaJ ed itinf "Sivjjof «
^1 ) In Lho l u a of «rC4Hllixii a«t tvtjrct lo the- anrtH
n>a praiii Ini^gtM 1-, nctkin 11, a aurtai oaual Is Ukg
n n i l l n i n u | »f
^K- 5fr 6*rf*(H at tile amwanl at Hu tMlmJh^Tbfl
nad l i t Incoai In
" ^ ^ n C ^ L M ^ f * ™ ™ * "f ^ * * " * • ' rf " "
[Z] In • > CJK of w * * T l l l M i l inkitct t f l i t n H u n
*r«Au ipABa«Ed by uctina I t , a. auruiH E4 4al | ? tha turn cd •
15 vrmjil i-1 (he anmun! if tile n-Uliwd iieL Inrom. lux in ,
SlVOfiOd p i . . aSjB.Ee.FlL fif TEa IBtoorl «C ta. 1 l*«taJBlld PVt il
• M M I OF fiVMWT-tt OttifejEj*/! 4f ^rctaJFjc^ s ^ jiKpfne'i
Mttufi K L
! C 4 H P A N T B JlSIO F 4 U X G X
r CDIHrjlMIES
ha B<»»nHi# A#E 4T JQ3V we irnvrrdtj tT liB RovcnaE Aft
a n r t u 14411 tht TuiJipLnbutfd tdjuitoj n i l J m a i i ol
inM
l
T l U l k * . B J m a i n . — \ n l\ti cT • H'TIBS nn lh« i
peFunnl holddni l u n t w . » detiud .tov<-. I k . l a i
tha 1TM1 ihcDnujd th. drtjuoi
porn, nil
Minf nwparw
TTturn <FnF
' ' Mini
«
LUEM1 Scald. 4lL^4h^4Ha Bi^ Foquirtd t*flBrJ
Art*f
liJS, u anndeil Bv Oia l[.4niiF Art n-f U 9 1
A foreign
~
' '
FOTia.iL.1 kul.jli.f »bifwiT a i *miwfd In
n
JHinltlHl ttff Lkt
Lkt u m "*:n«r, p n»ML
»
H4tl«i
l
131
131dia
d t
! f
i r Itui
t
Jtf'aml In
C1 CtX^U 4 J
lu- - C L ™
rauit *M
[Hnal n t m or Fane, U20H,
tEEZS
The nalano. . i - t . . Senudidt tt, tiuiald aer— wdtll Ukf D*tkt gf UflnM,
ar aiqi diAVraniiM W*uB M raneilai. Thetelancaalmeb fm a. «iat
aDHdntad rwurn If rail-md HiTantHigm i > « U bo furmrnad In u m l ' ' "nth Jflat
'
.
. -
anlnr mf
• j~~|~.~~i~~ jZT.I— ~ F - j «f
- " th*
—"• ^i^r»»—
^ #--—p " # dJflaraBeaB
d. CEtANQl* I N OBUCATKUiS A?t|> C A f l f l l l . fiTOCS
M-IUml ffST^nhjIrO UialoUd raili nndwd dmtnr tlia t
ft™ tfc. 1 " _- "
-.uoivj «arn UktoFHt^ioai
'"
" ™ t £ t * 3 i " S u ^ C ^ / i ' i k ^ ' w rtrJf^tlrn. ct- i l « KriKnrJcri V^>W^
^ ^
. . . I t a a ™ as ivalfiei (14m aAFtritia HawTligT tt™ Ifarat
4saella| (tu<i dittribvlrd m Ui» IOFBI of !fridu4> ar t i V i u u h a i n i rf
oLb> wmoiaa or B M n v ,
EiliHr BF l i r a S t t S i M o t a D (stal a j t usesdH Bar-far tlM> UKatit
•JJic.lron.THtl! i.rirJnal ns.ujrhp mf J ]•*.!-™ agmna and c*»jtU KqtL
ltt D( I h mr
l^a, «r for
P. FORMS VTBEB TOAM PBBSCSIBED fiV UTUSW
B|"b. N u r i M MMtrtni™,1 UHI DUICF enrssm|!m9ramirodb s4mJt
l4trmnik! nf inuni and aipinan t-> 4T|> rntlm.1. S1«ta. >aia]lc|Bi|, «
• ipoaaia En th* Jorm imtKthtci 1» sail ofictl. Ja b«a rf Um lafbnnit|«i|
»VM!id in iliaii I u *d, E>h«jiilt A. tXept UiU a railFia^ «»lMi)>
Ika nrl inraiBr nn ta n r » i ilrt br n u i ef !K0*»JI* I d t k mli
"1(11 Ht* Mli d^Bliihjwa bj t b i i n . i t andtit'nB.at.b.n.Enl aabta
SPECIFIC tNSTKTJCrrONS
B n d i l l A^-HET PfCCJIB DDM
] »r anrvhajulja. b aa kwm^f P»dtrin, fxin- in th. m&Zr
l k
t
^ t o i l i anal atoald t* H I M at the h**.rj,
•Jvi cd Iko UHBbh inM
kU nuw It taliurf al ja) nai, ar (t)
tlwWrbo^alUhar
*Sir]o™!f!;
thair
air HSfl BiuaBLai
BiaBldHu. TVi lm-i. jnm*rlr ad^hJ Imr t l i t n u , »r aav
taVoonl Vear, i i cwlnll:[x r u d i i t t . p «>. n^v 'ba ar^Ja gAv t f U r
umlajdcii in afwr*J fKKB ttll CemmuaMiilr, AfillptmiUH j>i>r Banmla
240
STATISTICS OF INCOME
^ u iLEh « p » A t u i * ( t n r h u ( « « l t tc
^•Sisra
«r u dcprr«i ILI
Jfr- h i Jfbt.
II) By i EM
aBLajealttnpn
« 1 * M ,
!kt
fccn-miU-ul
(
i
t
tewiiUa
(Ituujrlwwlt,^
n» c j u * n a a grKlgai l o r 1 * 1 1 l a a e l e < t r l E j u r a r
m A i H k i l a u d in V * H U t m . bic Iba. u u 1 9 ^ > 4
u a t i an n t u r a a tui all f i i b w p j m J M n i anbaaa p a r m i a i l d f i • ( T U U
Ibn CbmablaBjoaac- u <IIMV
to, [ b J i r i k a r jnaAhscjL
AB^li«plMia f w
• I g a to C b a P O t h a - r t u l l g d . l i a D b n a b c j t i a W E i U m H i I t a J t !
T J 4 J * " d a a e <,t n i l U U t a » l > r F a . r h r r ^ ' ^
'- - *
dud infer •
fklllar
h«™ tin IP
t •[
IT lha
l
pi.. IT
D04KI
• •• kaH
*n
ificrual b
buj<D04KI
kaH
*nl mui
E
rf I p It t nha
H u
n t d• *on
t£* • k
t i e t l d#™S
rf
imp
SJiir»l l
iar-BLtTifc
iro!
lypa
jjM a
• t U H U1A • » «JW*4»flU BH1_ d
.
...___
i f t h f JaiBtlod H l < i w d
^BuBiaaigncv
[Inimcj U j «Jw3ut(K-i. far j i u r u i 1^4 M i U vLkW la I k * W t «
14 A i a a a
Lei l h a
k i p u i u l ,
«I1U
- a v p n a a u — X B C U P L a a b a f a f a x c l E a l i B a B rf e a ^ L l a l
dd]EM,
ML i f t n i a i l l
CarH-THLoTD EVTHTBEEIW rdjerna Bin *
£ U i l
«f
E l d l
]JT
C
i
aaaatd
nVbeVrt iHn*r tlun lie n « m
aubrpita ataCeiiKnt Etmcnnc; wlEh K i p p ^ t
" ' B B E i a » r 0 4 H 4 i r . ( t k a s i K a r 4 c h B r a v E J g4Tp A D d
l/iaifui
br t i c l*MHf*f Bflloirilr h r u l t |4 cUBlBDJofl ia
l its I m o V or h u a l n c u .
i
r
h i
i
d
bd
h v a i
jalaE
07
atnnooa
Bccruad tnlarMC and
bfr E a x a b M J B a r i n d j a\| I i n ^ I L t i t i l l f I flUTeclina
baala CrMiiLaX^bb a t « k
divldaDda,
r i t h u . 1*1.1.,,
T h t "bajii
T w Eha p r o p e r t y ia a
J .1413.
BJJIIILHI
r m n d a a
.a o n
ifhed
^i t h
tp M f C
i i n d b a M F F H a n k 1 . 1 9 La
p r i o r t a M a r c b 1 . 1 4 1 1 , ib.
a fidF pnat-kaE «al(=a aa 4
i * l 1131b],
<r>ichtvi
luaii
bajdl jbJ
(a} b«ar H 4
auL d a d u u b t a
p i s pibJCb
«
i
aberj
^iktra
tha
k __
FoJUcmd.
f I n E h n 1
ip-^nnbcT it. i ? l "
i " J
iiLtrtri |ȣjn * ( l t h J (
4 k | t M ( l .
D n B3L IPUIj d | |a i^ipj 3L
K t d d r ^
i w r . f . o c i C B i j | 4 n F a r t d n j f t L ^ M C I . n p r p U C 4 i r > ? E b i r 9 E i a j m « d a j a ^ r w d j | if^
ten I J , p l J m 1 . E a u i a u i c u t i l t ^ " ' k n t r a i l b c r i f f l u U I U I U P I L 4
t u n i n
3 i f l ^ a l v o o f t b a p r o p m y B A i B f l * ^ ! f V S e r a J t tmxtf
pai4 m |hPn^l£«nEljiiaiE
E l H I
.jitE.yi A c t if 1 * 1 * * ) anrniifiS, t'>
u
I n n °9-r - ^ h * J j | - ( A , in i i u m l i n f l w - t ^ t p * u » J l n t l n » E L i ^ n i 3 .
f
farncn
a i t z m c wn& t T 4 u T d E l
dtrnu
TwnJ
iuird
>r {nj
btri.
d
U H I t«tiD<i l U pnu<dtt L>w baa» Oiu 'I>U h
• bovzi *ft th* b u i * l« flUHt lh«a ictuAj Ulb BOH.
uvbAn(Hi, IVUI 04-uill d u l l bt f i U d
a r a
:aa* 14 t a 1r4iudj a * b+d clabU,
returtlMl I I Fflrthia F«r t h a y «
ntrr 1 item jo. Srt^JuJ. A. |
o n I m r i l f l U e b U Ei ik a i n Ee t^ a . .
f tP o » Bftat L B I ' I J d o i H I t p m
rrcd i
D h t f i i n T j « t Itit U n : K 4 S t i t i * |JBjtj( «J"l)l S
nnoliLilljr n b a t r U i B E l F a r . b y d 1 * ElifBiTerl IJjt
etna ia d M UCCiWl h r
M l r c b
Utb
di
Umdi mrryinf • u t m i f 7 i I M KrbLt «n t b b » k i <if u
t
»LI in «*lwTt<ii 3, 1. t. ind C «f Silmliilt U J^t^Hotf of |b* OJI4
S O tiuclkm h r baj *,"WB lp cbiavii. TWJinrt n f i r u tta Ka
darvd OB • t * z J y * u hBlt, [b* dala ia fticJul. H thouH 1be i-ahmlirol
ia
bw
j u j u fllbu
b thr
h f akmLLu
k
J
•ii Ib* buij tt*mtk SKMI sen b
r**T
^a 44b4i^ii 1 of AJicilubh H.
SES^ii*
l h
Ul
a/uti
Ii nh-ti.r
41)
a*FV« ^41 t a d
pt
wLhEri
U*
Tta batvl fiflhi wiQarat npartad •** li*F> I f (4) | OH. Sctkr^ul* 1 .
bf wte-red U lLM.-Bhafh«4ur« A. £mh m t w r t H * l l f « * b h * i 4
l£alE.iL net J V W L I Lhd ibouJd: 1^ tnttm* u i l ™ Sfr 3chrMfc.fr A.
*L A f f l U ^ G H l b 14 i i n 9. ScbtdUl* A. Iflfr f I 4 U i a n z i L « « P
tb* rent stf nrejnrtf. AJ,]T u u h i f A iiSckij^nr nphln, 1nb*l-itt>
•JiJ *hpn-EL*t|™, IfehlU. bd iuchritoii m * I I * Pf*|Mr futda *J sWu*
ICL •Ea^tlEltf^-Etrtu JU li±m
thrrai
A W I
b y
u h
d
j /
-
jl>_Ei>Ln H
i
t^d «th,B |Jlt UJUi.n
r IV 1 •
n u - u d !»T. » » l « ^ i > « . Hid i j n l t W wrJehTB* bun •lk-nd J t u i
H L I w th»Ji «l» W N 4 «1t»—taWl u w w % «l VWk LiJ-Jf'J | W
Ut
i
H d
J*I]U U
«ptni^rt* u « n d
and w r j r ^ ™rjr;tu.tedjjfl e i d i j ^ ^ ^ j , ^ . a j J ^ ^ ^ J , ^, .^^
I, J H J . Eba n H H t * l | l l r t d t l M d i f t
i « J i i r ^ F E ^ B p r 4 f a £ d / i d c d a n j K r i u t t d I $ F ^p1 L-^E-ur#tfice d r o 1 h £ 5 ^
I
rartr
o f t n i T i p < B » u r ^ p e r L p a r . E t n f ; E t G B * Mm, p ^ n r n i . B h i n ^ j u - i ,
' 3 U b t r t j u e r . L I ' m p r e ^ B r n a n i v L<ie>v4t
a n a a j l i n f a a ftf U d f t j n a j , _ _ . .
u r i u a ,
raBewalj,
%ni n p l u a n a f i E a E n a d a l a p a n o r a t a a i a m a a i r E F » r p i v h » I FCD LIMJJI Liir
D n not * p d u * t w L i a U T R|ialiar l a t a r H d I *
U U |
*" L a a u a ' a u A u n a h l a w S e -
tola a h a j l b e r a e o p m i d l a afrj- B a f t g i
gdlar
ade aattLiuE J*«th'a 4 o e r n E I : g 4 et chf pranEFly. d a « a ac4nimil. CVEEF v u b « ^
c p v t H R b E ^ y E Q * f B L p . 4 e p T K L B t i o n l U v U l d U f t A j !£H|ujE-iEa3n. Bnr4fB^iiFi.
i d * — J ^ , I D - t u t L J r d w d b i * « 1 1 K « U 1 [ 0-1 l i r B f U L U l n n L I I
H « «r ifter lh
In i t i t l i tibt
Ud<nL)>ra«pvi
r
. u . v ^ , ^ . » h j 4 h IB
r u a c q u r c d by s u n j i
ITBOBEIHI t h a m d ba ^
BE-lBctroaad < H ^ D|*
p ' r a c + r ; y f - h a p l T B B b l e E » tpm ynmt
' \ 1 l>ie F T a p a r L F
i i u B * I t r i h - f ? a > > n i •• 1 * L & t h a a r ^ i u J t i f J » ^
. luneilr or inA^Kirr- { >
q Uu <P a
i ^ p n u h H u - j i n E h * b a p i i na\ « p w d n i r ^ B J < * a t C e o f
TFibwiJ«iii i i D J i ± n . EWintm * " I J*™li«l m4 » C4nantU> III " t a d
Ehr ^ n p c r i v , » r j 1^4 DPM^lb^a h-iin^Fr o f T B ^
•u th in4|vi«u*r<Tllr BjnKrlv *r di&TWlJr. Baer* (&«• GO u p ^ i EH TKJIM
a Ikn nAbiujiBC autlc. V d Rn t f t W in Ibm w «• iKril™t«mi a 5 r h i T J E O J 1 S f p T ^ I ' ^ T S . E h t ' t n i u ' n ! o l d o p ^ i i B E ^ n ^ T l t V i ^ B L a r m i n t d i b .
iMULari, ^ t V K i i twtr {arurBtl^U item- tiwa M HfThinr Li. rihH 4t tkflj % • l a p i i a i i r r i O p ^ r . T x m l H u r t I t w f l n t > » i ^ T p a w l o n i m v f i i . n p l
m l l i l )
uL>n4i aa i M Of iisf, nfwtjsd I I m M i f c* taw till HBia iBaTiduT 4 t s r « U t > « < a u H u r i d p r u p ( a X a i r h 1 I » I 3 J o r I L a r a i l n a r k a t v u > J »
^b
trot*! •"«* fdrm>n.(ii,ru. »i[b reicu t (4 Lhl U l t l i f B " * * U»
M rf O I B E o a > . w h i c h e v e r i f l C T d B E f i r .
Ir iba i n i f f i b i i i f h v u l r r d i a
tun prr«-c4lnc cli«tfaterjf (ha ••:•• « n r u p n , , • • « [a( A pfrunit
*«lf M d n n t H
Ma « (IJ I i d
tal
Uid
ba ( 4 » ^ r c J . plii-JlK b a f . M t T M J orf t i t i b l f u v c t U r n a E t f ^ l i l ' . i i
" ^ E h «
,j*»rn|u>a|f-M^nh»<tin»
. "•BiSapViihTTi"f
1
'
J I I B T I ^ C U 1 foftuflu* Atl ct ]S3ov aa ajnapiiSJ^tin JVriUlaJ Art .
13111; sr (i-p trfmch b a r u b i F a n d * HdU<iarr -ofajij tr«M:oi fD) S-.
t r » 1 « a b l < - I-rai a i m ihf.jl.J b« * i : n H d in ills r e t u r n .
S i m l a
bcaiilv
F n a i t b i IUutiBFi«t« trull tin E bE Adufiur »l anoEbBF triiaT. If EM knd
a n d LLt=
t o » t i i n i i i i i n ri)l firt.;4tl U* JejJEftiatioa wiLhin I h j m o u u n j uf
•NIK Btrwn ii tdTTaaiUir «jtli EiajKcE tg w i i n u l j or { l > '
T-duciary of a trjfl-1 and afcanalutary«a tucn Fmar n r LBB
I i a 4O4II<IL«< U l t i l t J t B MC«4T< M
i, f.ll in s = h **-lj K.
In u u b ^ t ^ ^
l
l d d LKacpa
v
nrrabip. « l i L 4 , or xruar, jhtfi b« c p h t 4 4 r « d u P 4 d u - o v ^ c d
tf-rDp4nLAH+
• catu {j. A F f ^ r li« 4 } i « E w h n : d * n h H r t ! K ^ . o r benftftrift.n««:
I B i A n i n i f i d ' a i L mhi.l
be l u u i d i r M • » ( P ^ I I J ^ J T J I I ( u j b ^ " I t d , d i T i c l l i « r J n d i f K - i l T . * r « r r<!T l i f t H J t i i r j :
^Cj Afi En£-vi4M4| 6 4 n i ^ ^ ^ptK*r~vi4 Eb+h b r Ihb A | n L t a t r » &t
U
B M I
o
t
»lll *•« !
l r i * • on
• n ^.»._ ^w..--^. - ^A^ - - ^ *|- indir*Ei!j\trT <lr *°T i1-1 p 1110 *'{Dj f^# f«Jhl!v r ab i»4i>'idua] alLail in?l^4* 4^lK hji bT£Er4TB 4BC
r i r ^ n [•*<Eh«J^ the »bH] w n*|J pl»cUr innujE. i r j t i u n ar.d l-neil
by Eht I c f i K Arl WMi'ljT >
'
" " ^
" J
*" " ° *
[ K&artdanjnaiiE at I M UJB of BTaprriv 9r titi 1U'J
In lha t t j j u ! . Jhejlj ba fenntilrrf *•>!• I hoar auciii4i M ft(rKt*i en
Eha KwlLnf th» ttipiHT SH afcHanj lli,\> and 114.
.
?i Drub t i t * . f Etmri, od aEid 11* " I * , i j i b t i . Tit—EC a dtdbclmn
Ii
pniaccE.imE L-t i n V u d . , . p K . » ™ (h.A. i > , rtJ|«tpr F ° ™ D ' " " " 1
p n E | » » 1 | . F"orm F [iqElcElllnt^«f reiuwtiLjl, IBTTI) Q fqil
T
t l . Ml if. *B<1 WLt - 4 . ^ «Uu™. 1! c«s>lwa.
t
n inn an™™. ,,aara.. Eh«
n J t i ^ n liBLa h^F o-rm rirtll - H hhqL»Et:cniuni
«
flk * i t h i-pm J»l»m inI»imaTt«ii M H l « r v !t tri.nl:Hh
HhirdttUo«aE
dtf.tUo«aEhid
hidlilo VHTP C*IP- •FL-.inE Torth ir (talL HBLfirt.it ni *T] traniarLlanE b u n n i
on dcd'jEnorn iFora sp jJJ:U^,i
phyi.r'l « * r i r * - f - - * <ha
,i 1
144 -alia cl p
f u rf IIOC
> K tuabls
t u a b l s
CB
H
l
M » BBlft
dK l ilj r . f
M r * » aBBlftinn
C!aiirBd
E5 Caan>HiMH«a it aalitn,— [r. fMltlgn u- lillihr irj S^hfdula G,
SCItohk G - l ( " J I N »t "tlH-1* IH4f ta oJJIJUlBd flora tha rfll.WEor m
irittni^l rtvthvti aim: be H1H with IFe cytumifihinnj (hi ianBtiB vtar
17. B+ajf^IEMUr 43 fLam. IT rent u l d [?r ucnLad fri but4naaJ p »
la aiMm Uli- E»rt™a I inn h u nn- •triiJrtIB. Baiiiiira—Enm- M IWin. 1J. ^ h r t f J f A> " " B f J i . B ' | ' " *
menEa*o» tlfwnlSiMr^jch'Lm'reBBfe'tl" »B<«» >r ™*
'tftt?*"*'"*™**'
able h, u r | | l i m i - i
Cxpej.&vjrti Iff r*tL*rtnj JJ *<rj Ibtuir pro|
I n V - i l w ^ i l ^ r ^ n i A i r i v i i h m
I- n l h e P d r f i a t : c n « i a l i r a I S
ntn- rut ut^nt
I P I B M E F H I i^culS W EnOu4*4
A f f d i i * « K n i «lajWi<i alwald ha
" t o d P i l ^ E i o n IE ' a l t a v a f e l a / O F I P > > E m n i i n l « r B U T l l r m -nr p a n p i t r a t r
• J l o r a b l E l e a rtpjr u i t u t m p L i r e o r n p . i l k t r L k u i n L * » i H ,
l u m i i d J n c i l T
J u g m c ^ l n a ]
U t v p t
Ejl(ur«. 1 rrtJiDttld
uESiKlMjiai lleniif,
i u m t - E i a d
241
STATISTICS OF INCOME
h D M Lain at jui tM *•«< tnd l i t W n i l u i a fn M l * car. shall k>
*Jfc-aaaBJ% t u t l . A
H
.
null in Ul <*••• * • ™ M « * W * A
than knunac, or In
omeIHfl. -Sell I i O
. ... g allowghla far la. n u t 3*.
vnttitaaL _
f [la h n n a - M r f LK*. u JBIEIBM.
Cvrponticna randnnr^ ri
„_ | U t t a b U. f
I Iba BBEE9BL hajfcl
dwHlrtgm Brdar Itsm^f ej Sdieduli A If* affwup* t
abnn « ittm Jl «n pace 1 «f LU nlgm ft» ir» sarag n
il.
C v t p q n l i o * ! Eanoarina; r a l u r M qti a caak I aria AaBja 1 w t a r as g. deduc*
U n under liam
— - » - • - - • •
t i X COMPUTATION INSTHITCTIONS
i m o w i upon a w t l j a ptfrtnn of th* M l
t iW « * * ,nam*.<mm t i n t * n t r 4hainx
t
i S l
t tha
h R
*>bH* 1?i«l **pil»L IfeA t*.
iainajcSllT
Berfinn ]D) at
Rsmugi
h w i l Boual t» |br gyiE of (1) t m n i c ofaith D S R U I •>! fir EiiEBcmtlnai iw (twma far th* i H n n i u i m t b l - vnr a it in BUMBI i f 14
Hncu«
d lT
f h
dJ
teld
i
l
,.ff 11 p.rt«
r •+nfi.had»t«flTflUniulipn i i th^E
W» Toe BlftMM. •& Om dlTVeerfi paid credi
of dividmlg p^4 duirarUa ti
^m
mf
pl*
1
ranty, ftt f,ir n i i t A vilar nnd j.Jju.[4.1 txnii l-ci h a i«Hi.,
in I h a a n n i ^ l b i ^ **n obiiBWisiu I « i tkr natc o^ aiiaribiiion
dtilU<
d 1f
i
l l
* l
A
~
fc "»i3 InproaeM^ «i hi
if (IncludinB-slockn^
(
l
,(rf»nlJt d
«4Jr ct Lhr
t tl
at t t
Urn Ip Lhecre nt an ^ r g - m v I H a I I * nnn / « - B B n
J"Mr which bi a -pari44 of leal than ]',! pie^tha the Bdjus
t*t. fcrli |ai tto-apetil Btetli baa « . m gh.ll h/»tft>
• tjrh WiratlKguiN t g i ^ thereto u Uitnaiafedr-ef bngncvthi la kh«
« penal
• M l ^g H nvnthi, "nieBrn r4t1j7it uFa.aoniv
•hr H I T in wftjeb, jl m l iHDtnmlrd. or liu Hi
ut of a lorponllai
em-tjipv Ibe par! or Lfcr »rar In irrirt Jl " M • ! . _ . . _ » , ...
la -• .i t l v n <«r I I
hHnlha and n*K. lot a i>erx4 Dt Mf4 than U BHidkfe. t«T I
u^purpcsBi Ika net inseno ,1M|| be tht Ban* •» th* Wl
bp Hnlna I
>li» the dirk
lit IttULttKt
J
"* "'""^dJsVUTf'JSd
Ibe' a l m f j bcJ^iijriVdAta
IA) a true i 1 Of earll dindead
l oFF tna b^ i fuct« rcJaUaa cv ttw tarjnent af*a£h 4i^
plai4fiiDnl
• •• *"i!T15 li
in* tin
EiniWT^Lllwl
Byn
fAw4f<ft
f BB.. (hvtdchd w B*i4 bl diiiirvtrnmr of the cnrp^julk,
A4
™rf frrflLWil. ^ n r t i l f A i . (S« u n iBIt
ibss i i
:kn VHBBM ot tJ
lidtil, Gr!Bilr'r»lr mthcl viiii* it trM lirrc nf IE* Bn™cnt,
Bn™c *l,iA, m r is
urkrl vihn ij Imitf di'n iW
iW Unth» Inw, If The far nurkrl
n TJIIUF,
JIIUF, Uhtn
Uh
™»i™ "±t BbVt«^*taTrt'jjirt i j ifcn IB™WTK»SI. I'M imis j l l
flBwum for vMca rvjHiiHd avbplA* r^jf inarfetvnhjfr ajt tht tihrtf of I
diMd
f
: i l t
rfdmJ
I
tliej U u W a ) « r In irhjdi IBs nirrnjuicn g u m .
[EH anirle £T;d>-I.
41i'idtjiJg BgSScrHIt a'lin rrtoMt Ehemtn k tlrt ' * l r pttrKsE ^alve ai Ina
BUEk or [hi. g[«k riahl. at rjn umt a IB* pajrn*fit. I See g.ib<le J7(- t - l .
KemJBElhv Hk) In Ike i b e Of a m n t i efiiLributttl In lk|U Malkoi, th»
aurpcaia is applieiUr in
trftlit u a i u l n?l Jnrofl*! »q
erodlfcofl against thf f n e u EW
attaa whirl
19 i h i v n ! , gi"l umii m, f R f ,
wttli str»r ihtrei at (hi BauiE
, _ ^ , „„
M.]
If tnv part of a (JkLilhjIiiri (inrhdHnc almca elvLMn
J-!^.tO I , nil a. iBidlllg 4kvUrnd En tic handgI af i « l Cf l i e
» tuatam
UBHEF
* PErint
'
' Title | Ur the
acrint In
In irtik
irtika
a* us " '
Bdatdlarr whicb [• IhltJ' <~°r lbs r
aiuat jBBHt a Jeparala BSflaaa-BTiifl u
^ktwatl. -arm
, no ±vtd>ndl
Uftubl
JL MOfiKAt
jfj-jT j
•£=_-•-a.-
lMl
Ipncl t t
" t U J ' 1 iEBdl^-
_.
dividend clrET4Vflr Erean nrtaln p T M j i l x tanJhLf
I. ^
in 3
i In ita l e t m l l iiKPiae, t a i J l sfa *™J
ran. In xdJJtl'h » H i . ocdjt tsi 4ivJt|h4l Hrd duriac HIE tuuhL; ^™r.
m L*. inrimiw. a m r f l the** •niporttLr
I f In dig tm.bjr rear.no diviikndB BEe » ^ o " b purL or IT In EyLfl Irmr
t mrlodw, pajg I oi mt nrtum, whieh
1 Tnapliiuo-Eankaudtntaleo^ipBniea". gg uaai In l u l l
far i m l yga.r, U u » «t».i: b> [wltdej BI f«rc edT ttn 4im
i 1 rf th* HfniTfV eaeajg b«4» OE Unit <XTi[«rW*i i ^ T - i ^ T r f
f i i Bi»b tajk. p e r In t * t ftlH-Ene acdcT i WI Tbf
n k x i l m u n o r t b t t » ± 4 ' ( r i t i ; r d h i d ' E t < r u I l K j U i S lawi flTlltndl fdinfa """-: arU,^!^ uoH7grin( the « « m l
ilitini la the District <if OIUMbiB), erf anv SHEe, t-r mf*aw Terill^w, '• 9*ar n»e*i|iil Ihe ahdji. -i J• . n . •li«int Sr Hfh VT
*>ibiEantiBj pari Bf thd buiiairn W-wovh uogiaii-la of ranlnn*; d*fv«:g» extent thai the w g n ^
nst BHQ>4 u Tart nf thr d
rmjil
Hi maUj>f Wttni a^d diB€wuilBr or »t aH^i^lrlNx;fiducuinrp**trf Piatilar • f*r El\e HEBI prec^duiK '
d
< H™r jETrruttml m rJEl_ul I v i b uirfcr Hc-.itn l l f k j of lh.f Fciiml artaallr
II k (ntUdnj
(ntbUdnl in
in the
the .IriLtnJiiikl endl L ™f pvih fli
«*
uur> MA hv ui»n tha n*rauj-t« net
at dlAnec! w, ««!<*, ( 1 uniniu Uii M.h>
A£lal ^vr in4en?i« on «Uhgi.tUNBl(Lf
and {2) lb« n»dil f « dJvH
UrJWo
3u.i™
piwJ 9u.m
a
IniteBawi
pmided ni B«1
ibem< n l f tliti;
JBL. •»•-) i tfi Of « " ~ » M b* irhigh Ike dL«n*-i
d .rtnf tbi nitt T^WUtf laXaYti m i tucttid the *4
f^tlhi
¥
H £ Art npjiibdbs any pait bf thd 4lLiJw£ t arrv-fl *r h g n ennBttt^Bj
«f JUvidaBAls paid by 1hA «n»raci4fi durinv a\py UKI-lile veir &r period
BtppeJUBir |-n»r tp. Jarruuy t, 1 »9C. Hie llr»t EBXible s r u or jurloj ft*
"
iottfBlhm majr avail si*(|f ol I h#fctnCBtoi tfii J l r t a a J t a r n ^
uwr at l u aecond
ucond twcul* yvar at period. bi^i|i«nff AfjUr Dnceniber $ | ,
l a i C l - l >M -tilr) -U.jnf lail L."£rJ[*;hifi M.) {nth*
tinaBumW- i-w'laan^. *nr ^.'M >Prpoae gd Ihe rurnial-laji
irnxj a u l u t h«l irvt
nrijHitFSBrilliDBt tb>
d
1
curpflralrm rlilmlnir a cavi^Ancl t*rry-*r*r for anv-taAabbj f«ar
i jnall *la wlu. I U HU-m tor aadi jaar or juriwl g. ntK.UW alalerunc fcrtb tfa* aaiouiiE ui tae flji^ejij r«rT7-mn- rlaimed and
Fr>cla±irar ± 6*t*jl*i|
i n . BLIfllA* W l VMDIaTKIBU-m> PflOFtTS
{•> t m j eefftraiiM ™ aabje*I In tin: BUTIU ra BBdlJtriExwd t i M b
toeep* nrpouibraa E3preari« 4?CflT|Bi. fpjrtl la^ati«i uKl^r Tfille I Bacj 111 the U I K I I U of tbB anouita vtitrh ••!> b. ^ginlmErd ~llhla tho Igxi
b*«k, a . Mined In BKiien I(H I M Inatnctloa ILr: 12) inwraim njfT.
yiar B I dtiklmdi n n u u l T K . I M . B I a nt»<flU»n af B m i u i atiljttt r
paUtt Bufafect to tha tut iHlpo**d under Mttioa 3HL, B1U, or WrT; IS) fnr.
ad! OJ' iaa « F l » H U H i bEiar tollgj 3,1 1*36. " W t l Bn^iareri d
•Ii mill, the ri»yrr*nt o S i M J u i i k . I) a. «tfK.rtlto. -DnBd ba <
""
j^
nmfiT
Hi.[»4, f r a
l i u or >T*nr J
IT. la it* (Uc vl
irttmt uder Beniim Tr
, i
~ i .r ___
TTH otf ih4
dJ il
rncttafa [ t r lha
nl
ha nlieT
a
»urf
A I L ol 1!S«,
ban HtoiailrtKiii t h . i - < . ib nTia IjninupUT nnd« Ifc,
j >
J I N ; c « w i » t l « V A T f l ) I * <F> ihiTE
rlBinlaa i i i a a l a n tn^ Ifag iBrtax ahkll fit *tdi u* rtiBTn h f ene>
u u t K n i r l a d » h <>H»1l4ll i . Hlimrd a atatrBnl andai uaiK . r
all laf faeta pertlaoil |«. 9a cUim.
TJHT Hrtafc M Bnpufict 4n Un net HKtmtrJ roipoTvEion* Ja an imnubt
Mciguml by Lbf- undWribalrd ntl IncrjniL I^IB iiiialitn»*tf4 ngE
b U
d f t d
L
Eh
f d f e d i d l
lU]. j
) U . trc-Jpl
B- pmjin™t
iKtlon SS I r ) . nlacfni
(rnartlela 3S-I; Esxt
Jcllnul
l l l I
11 IBinua tha tgen at ( I f the » n n a l tan inpned bj agctlm 11 an]
tf.t m * , [ f . ^ ^ M in (ixUni *ci!i;i 1st l^ijrrot on aUIMUoB ul
VrdEad EiaEaa aii4 iia iBBtrrjaiBnFpihFrg. la the <4tv of afaalJlnf c
p i n r ifflliBlt. B I diflntd Hi Bbflion E e f t k i Barki-Eir Aft «f u i a
aatoont Ln U i-di^t-o" in detcEinindn; Cl.t MJaBled net •»=^— i—r.
abu lh« cndiL glkncd Ljr^cr Bn»liHja6|d^.
' i "m d i e rrf 1 i.ilii-mi
i *rldl
J
man(*gT» iiatdDnoa
TiUc 111 isf i k SiEionaS ttnv-lns
Uie umunt •!k>we(i fla a
endil >r
fltiSntitn
fztdlTbcuiii of I
irt .1 th.
J-Efi) ki'jjf'"
rar
a u n i M l by Mie mporatlo. prior In 91a; 1, I™, - t l r h inTvtalui u aMaalr Auh irUH tha dlfEHrtlon gt (HTiTajnt *nd i r v * t , ej I]), laXB.lt
w l h B* n K l •"rthih th* tanble y i u LiTliai^atx* ,4 a oVM. I T lt> ha
I u d e arrthin the t a i l
liui: tutli irtiumL Urn
f thia
J b i i pcr^g
I I na<J In Jja p i
t i l Ubulk
ISQJKM), Uiprt.ghnll.t* all
iplied BB prflvi^cd in parDCT^pK P£j.
, tka Eai ib±]l bi,
thai nrdMlTibolcd neL i n u u
* <"Jil- in tha ua» d » hotdlor.
i B| T pc J Ecntvaa el* LBje orneu
.itnbrut'd BTDEvtA SUII&IE corapi
gj m£f*i to- Liu* eradLl njid! I t i a
Fadaral B » i r t * * 5 r i t e m ecjLfln tT lire CurFniikiikiitr Hd/toeiTdB
t» i l l * alpliale durniEt r j * •ansbltjini
BivlBed fitfl|vt+t. So cirfaf
**Ue
nurltptmfrk liacb KiiLitr^
hind
B14O J T « I aaUtsd. la Iba Ei-^*.u- A i l o> 1»M or jir B
mgAetaMi u u a Ln tij<+*B«ir wh*l ig Hynnrci, by mi
v\ iad ±talnt«i. E4 b« aftnurej bv Bwli BpTlli ate. Kw?
•neLnialtina a d*4\jcrion ^ ^ thga tr^ljE Bhall Bltoch
qf lh.g r,
nnnjil ur
li r
MH4
Trl>lr,ln;
uv a agp
«b>«tB>iih«nt(Jill ™ jppUtuli anl, i i iba
(t Che a m t 0f,|>
t h
fs-S. b u d l i
rr»plu uhlfti ii
cndlt Blaisabt^
i tfivvaritrc
I Iv Iba |ig
ml of tta
I.
ilitllt
IT. CREDIT FOB
t n k m ^ith Kvtivn I^llah. a «E?djL
^loa t of tao nturnj u aenunt. of nuwe*-. ^-urr
r
™,'lft.rrt
trrt in»
] gh«'idbe .atElluJ .Tx"thB
^-irtgt f-» tBxea B(«n^d but BE* ptniL tl» fqna enujL I4¥Q~BV•Ehidio iLaaElirasuroT »f trie ntorji onilu^eiE* «i:» «Evnad t n
iu bas#d sad tha CemmEuJceHF l u f r*qijM * ««KJ an Fozni Ii in ^
I HttditeCn precedent 14 Ehe •Ik^iiK- of n <redif *?' fHh m n r i l u u
T
irtnlor v r U n . i ! „ ! „ , Conirnri*l1^,rbaE biig
durlaa; tfe, laaabh voar [ t Ibo jjnaukHt^n rf
•UnlAMtoT nay rtqiarr under the nmviijoiu
lltnnil lui
.l Huiln,
al ann«ln» Art, j
driaiaci
ai. tha
r^ireiirn <»pu«ji*tiaead dnaieaie eaiijoratioejentitlril uy the brneftti «if B44-Jon i l l . tmi afrfBiillMa orauiEg^ Urn**r Ehr CHia. Tzaat A i t , I K S ,
Ira nR (TiEhlBd tJ Elatn lh la [rrift.
242
STATISTICS OF INCOME
UNITED STATES
1937
-.*„..
INSURANCE COMPANY INCOME TAX RETURN 1 9 3 7
FOR COMPANIES ISSUING LIFE JtND ANNUTTV COfmtACTS,
irtOJUtHNO COMBINED U F E , HEA1TH, AND
AOCmENT
INSURANCE
KtUHk O-l nailfcaIbd. IV DlWtMTATf, • t t u d U f M K i y i mui,
•Tlh«l*IIIH*THMb>iyF (Bed — omilvrn l i J a t t b d H
CJKHS INCOME
tfc*H#JL W l h l
Can
Onl
M.O.
Cat-aflid.
1. O m i E V I U H H H
DMlfet «f
0)
QUIgilbEi^'t^'as^in^'d'TJim'Laur'JlEiC'or'undeV
Hch Ka at AnMhdwi.
4d GU|MUeh.h V Uott*4 £4*4** i**u#i tin or *b«£D*e hftei&lui
.
J.TM!
- ^
- j
C l T m n i f Kvu*. Trwmiv Hu*. *n» I n j u r y C4n»£M*i
id EodcbLBdiHAi
* i Al*l4? g*JVhfaM B*Midt Ahd Tr>M*Uf|- BbKb ^hAMl Eli
" • "
. m W.«Mjjnii « " £ " . - - ;
r «..«*..
(|> Ofclfejfiafw Of ki>uiikieiit>UU(B flf'tli*T'tiltM614(**(J!>*f
U » oUlctUoDa In h i r^iorU <n 11™ (Sh ibcii^.
. (!) I H M , hot™. H a i i H H Ekjik DapMiH.ilt-™, ^
M
Dqm^la CbffpoomlkKW nbjtql to IU^TIOD. uiriir TA
.)—,..
in IVE«4 I i v > Lcaland H7to] la cola
PUWCTIOH5
l m m t WMiHy E n a f ( I n m T*™tni^_ m
CtntBt ofttrt Mflll of trn; R-rin* n i n b * • I. McM
T n M M H 01 Ae BiHrve McU for D d w n l IKrUtbdJ ..
JvrartmFDl Esptn&M (kU*Fh Kbadultl H.
TOH..
_..
•-.
,..„.....
L.
Kail, bui* Eiimut*...
^_
Xttrndvlloii
[ r u m ffchrfulp C l
litamt m indAbdnta.
^
. .
,
'-.
. . . . . . . . .
. _
_ .
.
.
'
'_
N i r [ N O H I E ( l u t n 4 inliim I t a n j f t
COMPUTATION OF TAX
11,
Hciln
1
IT.
•
t
H
*
C
W
(af^DTlbcml
I
'l>
;
kimci-ljf C L J I U J I * . ! ! } - l a r r i
m
Ot *E**J
ill T i l ,
.
LfimLrnrlJrin I 7 t .
f V n a c f l i n C a n f a n v <l"l<m i t ' I E I U I H I ban- Hi)
F u - K l | n >^iBipai]^ [!.*•% irf l i r f i i 3-lk.
. . . . . .
AFFIDAVIT <S»Ji
tr^4tii^i4rt tor which ttfan
rLrurn •• ni\t\f-, t-ijnj; r^M.-hrallj diJy JWDML, «icha F:ir "HinhiHr dr|«?-T" kiir. *flfj; 1^in1 ^'"IIJ net-jrr. >n£-liidiiif{ !LM Ar--TTii|iHii^9ix
chf^ulf* *r>*t Nt*1f [ t ^ i t 1 , if •.!"!>> Liflj ittH-'n -natalran-:I ln~ tllni und i i , »'.i t t e 4JBFL at hiL kiwivtmtn vnrL hf+n-r, A Ifm? cOfnv^ Nrv. compl^li r^l^rn nnLlfi
by wstac parrim t r p a r w n i a t l c j ih-in i f l r f n cm -ia|^iir«u of ( I K cumpu?,, Uw -TulCGving i
AFFIDAVIT (SnUo-t-B)
Efcl* hnturn fa* Ui
. . . . _ . . . . .
• t-wn
pntt^red gf -"fiith I j v i h u t
Butiit.ibftri j m t
—
ipj
.tie i l i t c n i n t c-f a
ADy kimwUni^rv
iBK-fii tq Tjcfnn n n Shi*
rf
_
]90A
ftpxt-.—Ou^r h r mN nuultfed +rDUPiiJCA'rE. c o n r 1 1 mu«t b* Alad -with t h . i arJtfin&i r-rium ctl^wdk b* niinii r j if
-Jupii±»(# *Gpr k
243
STATISTICS OP INCOME
(a)
JL
Ttfwjj or T w u I AWB j
™«
i. VeUlif CbhiuaSmdl.M^totrD Bi Ikga I i l » n
T«r ton-hit if Ika f)
B.
. p n n t i d h Mini i Mill I T I . I I I Tiinli • • iti ii En Itta S (
t. **=*a] Btatro PtandP of Tsripi CmpMiM M U d U U U b U Year w n B*i*Hf iritMd t k l U U
• . H r " i H | l » k > . IMki 1 hot Htm 1, CJUJBJ. i
I frtta*
.ftjnUim if I | « m i l ia I t w 4whnri fl
(. fln U t TKk _ d BMtlaa. • * ftal* Sfetaba o li
i I-IHVHm
ABSCI9 BOOK VALUE3
1. IFIIITIIIIUTIII
* t b r l o f i Loan..-..
i CdOtUi
4. foHcj
4
BDK4IflfD « n U i
• - ttSttt M DOkuaUa Ctrpotattoa*..
1»J <r pAlitLMI
••Main
MIh4
- - •
•
1»IT..
•k4 Tnavarr ibBia¥ uamal
In tht Uikiopal iiaiiiait A*
UJMO U d HDAhf.
^L^ t l t
DM lid 111
a lank Tiitinu &*MiM W o t , , - .
I*.
l i u u m l i H R I TO ».
|F]
I I . TMiloICtiluaiBil Epl,LatliidTt,Hf|HwMti 1UH. I
11. U a i ol bW lanatsd JUvhj r<jr l i g Tk»U« Vcw COD
I f . Oiiatuarth of 1 Hnsfli ef Ikp kl44H at Ol*faradedA
h l n 4 . l i C-EXTUUMTIDH OF DESVCTIQN FOR DEMH£CLl|VMH
rt
^ , _
I L,
Exhibit t,r IBJI
s tlut n«d la I.t»IW.)ni the Olio in.
ir m l , t t M i Hiuuta and
i tinder tb? H W riEK TOT Ulr rnwfinfl
U't* tlw mrnfH.»( fa H> f v In oitHifwuaaljfia u a bualjiud «tf D u w w
\n TpiFilaai Dawnlwr I I , ]11I?t . . . .
> DOT* MifcuxL t * »r i m a d o i la tfac E
mcni « n n n itivfln DD Jtan IL lint pag*? -.
t . IP ial J(.u q m « <t ifiT tTut aariJw (111 l l u
MSI* Of tka rnllnc l t d of uuther j ^ p i j i y ^ 4 !U
llpqnuacii efeifip* Wfi4 v.ajf Mt4LfcUifc«tiwt^lwft gj pie < H hWJ
i r b a i H t u " j c i . " etadv I » 1 I I B « a^oeU J nld b i w i u i lad «
Hm-ilieeui Dtnew bi^DtM tniuA bj luraljbd. U^IKU fiifiiiiihaj E
a. (ttU+ " T 4r T [,^ n n,f.>t,f t T .3 d K U d J I w d i a l Iks oolrf i
] l r
l ULa f
b ^ V Ik klk
9 uuibla 7 a
([> m m ana
vT icwsk a<*[
1lMt«nlgnKlllA
trim,"H- tmrtSEto^Hir Vta kai'LuaikUp'
J
t
DHCHIK mritxaJ ued for dmtrsdnhit b i a l i u i l nfBJBt Misn
0. Old I
, • nhm i f SaTanaatha oa h a 1S«
244
STATISTICS OP INCOME
INSTRUCTIONS
The Inrtrottlooa Numbered 1 to 12 Cort*spe»d wOk lie UcwNwnlierq ga ft* fege of Ihe Rfcturt
GB06& INCOME A * p DEDUCTIONS
1. lntmaL—Enter as ittm l interest received from all
BCUTCU during the taxable year. Inlejeet on" bomb is
Aidered income when due and payable..
2. DrriJeads.—Eclet- to Item 2 (a] the amount rettivtd a*
dividends (1> Insra * domestic corporation, which la subject
to taxation under Title I of the Revenue Att ol 1SS6 nthtlthan a. corporation 4-nLitled to the benefit* of section 25.1 of ll
Ji«v?nue Art of 19M aacl other than n wrporatian critaniurf
under the ChEnn Trade Act, 1922, Enter AS iloni 2 (t> djividtrjida from a rfewatic-corporation which is not subject to taxitlulL under Title I Of the Revenue Act ot 193& Enter a» item
3 (c) dividends from a foruign corporation and dividends from
a corporation entitled hr the. beneWs of auction 251 ot the
Revenue Act of 1936 and A cai-poratian ttKJbiiied under the
Cb.™ Ttndft Art, 1S22. Submit schedule. it«mi2Lne all dividends received during the year, slating amounts und lumica
nnd adtinssc^ af th£ corporations dfdaring the dividends.
S_ Hent^—Kittcr fti item 3 i^cnts nceJVLd from tenants.
4. Total income.—Enter sm item i the total of items 1 lo 3,
inclusive.
5. Interest exempt FroH. Umticn.—Enter *i ilrm 5 tlie
tmount af interest uhicti. It nhoStj- e^t-mrH from taxation
under tEia proviiioni of section 22 {10 (4> of the Kevsnuc Act
of 10B«.
See Instruction tri with resrwet to partially tax-exempt
intc-rost wliEeli Is allowed] »s a credit Bfulnst net income.
6. Perc+nlaRt of Ihe mean of thr rescrni fends.—Enter m
item 6 tile aniirUHl neporttid: aa item $ In Sfllrdlllt A. Tliere
rnivy be dfrtuflrtf from gisx-s income an amount equal to 4 percent of yie mean of the reserve funds required hy law and
litld rtt the bepmrdiip sind crwl of the- tuxnble jenrr eitept t>iAl
in th* CHE of any imA i s e r v c fund wWcl) is computed nt a
lower intrreat assumption rate, the rAtv o f ^ ^ petv$n.t ahati
be aubfitdtUUd fctr4 percent- Life insurance Eampunk!. luuin* policies cijVirin(f lib, haa]th, and nccidmt Insurance combined in oiu> policy issued on the weekly premium KAyment
plan, continuiris for life and not subject to canceliitiDn, thaJI
Lni allowed, in addition to the above.* n deduction of W-i per*erjt of Ihe mean of &uch re%«rve funds toot required by law)
h#1d at the beginning and end of th( (aiiaule year, as the Commission*r finds to be necesajiry for Hie prvteelica of the holders of cuch polEckn only. Fur dcHnttion 4f "aliowifehle « 7. Twppcrocrt of the reserve held fair deferred dividends.—
Enter at item T an amount Cwllil tv 2 percent of the resent
held at the end of the tumble year for deferred divldenda the
payment of v/hith la deferird for a period af not less- than T>
fining frnm the iule uf the policy contract. Da not include in
• uch r?i«i¥» diHd*nds payable duTics the fulkiwLfljf UxublE
9, In»«tm«il expecues,—Enter aa item 9 expenses paid
which are property cbftrfttabh. to investment expenses, the
toLdl amount of Tililfh, if thent bf any allocation of gwirrnt
expeiijej to inv«stni£nt CXDCIi&es. Should not c.iceeii onefaurt li of 1 percent of tl>* mts n of the [iineslt-d lasu Ls r*ported
in item 11, Schedule B. Submit a whfrlntp showing the
nQLure and amount nt the item} included, h'Mfln, the hrLrtcr
iti^nis lltine pro Li pod in one amount. See section 203 (a) (it
of llie Itrvenue Act of 193*!. For dutinitigtn vC "general LXP5flftf4" SPr Artiok 'Jta (fi.) (^)-l, Regulation™ SM.
9. T'l^rHL—I3nU.T ^i^ iEem d ta^jes pHid: e.*u;lui^ively UP9R real
fitntt owned, by uV torrtfu'iny And tav?a aaiesied ,ig;iinal ftljjvidunl shareholders and p^id by thi> aMnpnny without reim.
burjjemenl, SS provided in S«tivn243 <&) <E. h of the Kevetiu^
Act- of l'JSG Dy not include ts:<t* iststs-BLd acainiL lucal
bthtfiU nf a kintt tending to incnesselhe
proportjr
l value of the p
, oa for
B. e t t For limitation OL deduction U E AitLtle 203 (Li)-l, Regulation* 94.
10. BeaJ taut* **peftpjfli—KntfiT fcj item 10 nil wdirniry
iinJ nostsitry Lulldine «Kpene«3, Buch as fin: insurance, heat,
Ti^M, J*t>or, i h , and the- cost of incidental repairs which
Tieilntr Inatcrialjy ttfd to the value of the inopertj- ncr Hppreciabiy prolowr iU life, but haep it hi an cHinarii/ efficient
cmraUiu EOjidltJun. Do not. indude any amsunt paid nut for
ntw tutliiingl or fur pejimment unprovements or betbermenla
made Co inertia* the valua of any propertj or any amount
wtpnded. DO fartcloaed property before Mich prapcrtr Is held
forth for rental purpo*e4, Tor limitation on deduction see
Article 2O3 (b>-l, B^piUtionj *C
IU UepmecLailofk,—Tb* aiiKLUit deductible cm Account df
depreciation in item El i* Kn amount reasonably meOAuzinf
Lh« portion of the in vestment ih depreciable properly by r»a*on of exhaustion, -wear and U?ar, or obsolescence, wLL-eh ii
propprtji ^hajgEabh nffnjnst th» otwratioia of th« year. In
any event the deduct wm it LimiWd lo thi» deprvciaUon en ttw
propcrtr Ififtt iz uaod. and -to the exLrnl usrd, for the purpose
of pnodUELnjr the income specified In section 2VZ (a> of the
R*v*n"4* Act of 1930. IF !be prep^rt)1 **! ofquinod by purchase on m.- after March 1, 1UU. Ihe flnmunt o£ dfErtrfltialion
SI-IHJUIIJ be determined uwn the baaia of the criginjil <trtl (mat
replacement cast.} of tin.- urnm-tH> ajul ih<? xTob^k number
of yejim remaFniTiff of its >?J<|wolwJ Usrfuf life, h CB3« th>
property wai pu hi-haaeri yriin1 to JlJiruh I, 19L3, the amount
of dcpr«:ia.lion u-ill be dftsrminfj In the same* mann«r, except
IIIMI tt urill Ite cum puled on It! original tv&\, Iras [tenreciatian
KtstaineJ ]>tlor tu Miirch 1. 1911.!, or its f.iir market talkie fi=j
of that dale, Vlikhewcr H prpater. If the- pnjjwrty WJIS
a«luir«J in any other manner than by rn.m*i«sf, s t t stctJon
IIJ ol Hie Reuvnue j^et of 1136, The capital ium to be recovurcd should be chsr-foil off ratsibly over (he useful life of
the properly. Whnlever pljin 0 r mfI h^jd of appcrtionnHn I in
adopted
st be reasonable, must have due regard to
\ugtrvfidi
s String the tjmbl
in tfitrtturn.
]f a dcvluctlun [a claimed en accoinitflifdepreciation. Schedule C should be fttivd iti. In raw etsvlescciKc Ja included,
slate iepu-fttily dmotiht ebimed and luii; vpon which it i»
ccmnuted. Land values or "Mat must not tit- included in Ui#
cthetlLl*, and. where tand and bulldEnsa wei^ purchased for
fL lump sum the coit of the building subject to dapntleitjion
miijt he «lili!l*Tittl
The Adjusted pretK-nj1 arcminta and the n«umi]l«tcd dfpre>
ciation shourn In tht schtdule should, be n«>nei-t«d with thwe
Recounts as r«flHt«d on toe booh* Q£ the- taxpayer,
Slocisa, bandii. and like Rectifiers are not aub)«t to depreciation witllltl tile- meaning- of the law.
See lectiom. a i l ) , 114, and 2*3 <B) <O) of t^e Revenue Aet
F&r limiUtion on deduction u i AriJdE SK (h)-l,
12. InU-rtei ML LnfcbtBJnHK—Enter ns item 12 the amount
Of interest paid -dining thje taxable year on tin tDHipanj'a-hldrbtmlncia, except on indebtedneu ijieuti-rd or conLlnued to
purchase or carry obligation (ptber than utilifations of the
United States ibiJctt after September 34. 1917. find Cripciilly
subKrihtd for by ihe taxpayer} the Interns! upon which ia
wholly exempt from taxation. [n[*regt paid on dividends
held an deport «nd JurKudered duriiij thv Luabk jcar
sKpuld be includeJ Jn this flarn. *Bo not include any interest
psid on deferred dividend* on which 3 4educti(Hl i^fis aLowed
Lder item 7.
If a life innuranoe. company pays hiterut on (h« proemfe
of life insurance p&liciti left wlltt 1L pursuant ts the prorfaiou
f iupiJtmenLarj- coalnurU, not involving life- wntmaencdjea.
•>r iiniiljir fontracti, the interest so paid stiull be allo«ml as a
deduction frum ETOBH income, ezctne Olflttilth deduct ion. Anall
lift iilloivixj in rvapeel <ji interest acttiMM) jn any Drior taj(.
aluleysar ta tlisMU-rtt [hial the campany has had Lhft benefit
rit a dicductinn of 4 pcr«nt WBHi percfnt,fl-1|hf <xsF tnay be,
f the mean &f Ihe c^mpuny's LiaJjili Lv on =HK)I wtitracli. by
the inclusion of such fistpility in its tvsvns funds.
3. Ttnital value of real entile.—Th* deduction included in
ns H k 11 on account of jreal *Stat« u^nad and Decupled jn
Je or in [Uirt Y>y the company jhVII be limited to an amount
v.hich bears Lhc airnt ratlc t^auth (iedudion (cumputed ifithDTit regard lv auboectlon. (b) of sectLnn afl3 of the Revenue Act
uf J93E) as the rttitsl VAlu«uf the space not so utiucied bears
to the rental value «f the entire properly. {.Submit dtlalledj
chedula).
11. Items net deductible.—Ko Redaction ia allawable for
fhe amnunt of any Jtam or past thereat aUotable to i claea of
exempt income, other than intt^est. Item^ dirwtly altdhtitalile Ui Mich exempt ineomt Shall be sllocatrd thereto, and
Itenw directly ittribtitsbki tatnj- dfiia of dmlilt income- shall
be allocated: to loth taxfbl* income. If an iierti Is ibdirnetly
tttrlbntAble botn to tAxshJe iutome uud oittnpt income, • m ,
STATISTICS OF INCOME
•onlftle proportion thereof, detennttsd In the light of tit the
tacts and cutuffuUxns la each ens*, (hall be allocated to
wch. Apportionments mmt in a]! c u q be m w n i b l e . A
tup*v*r receiving any exntiol Income^ ether than interest,
«r holdtnr aay property T ("Basing i n w y aclL'ily (he i neome.
from which la extmpt shall submit frith its return an. i part
thereof an iUirifaed Atatexncnt. En dstaiL, showing III U H
Gimunt of taeh claiiof exempt Income, and (2> thf amount
of items allocated to *ach such clati (tt* amount allocated t r
apportionment DC^IUI shown separately},
CBED1T3 AGAINST JYET INCOME
I,1;. EjiUr ** item 16 the amount of fiuerest Intlutied in
j w t a income mlftU:K i% yutinUy «mmi* ITOTI taxHUen under
t i e pevvistoms «f «etion 22 (b) (4) *T (lie Hevenu* Act of
1330.
1G. Enter aj Item 17, 85 percent i>f theamnunt ™=olired as
dividends from d donxstlc eM-pomiion which is subject 'V il>
come tax under Title I of the Revenue Act of IBK^thEirthan
•. corporation entitled Co the Iwrujftta oi acctinn 251 <rt the
Tterrnae Aft of 1S9G and oth«*- than a coi-poTa-Uan arnaniitpd
under the China Trade Act, 192S>—SE percent of il#m 2 («>L
CREDIT FOB TAXES
t7. If credit ia cfolnted In item 2Q for Income la* paid to a
fciTcljmfftuntjT'Lirpciiif.i.siuii of the UnitedStatcs h Form 1113,
With the receipt for eaeh SUch tax payment, must be
mith thU return, A fortipi company !a not entitled to claim this credit.
LIST Of ATTACHED SCHEDULES
18. Attach a \\st af the achetJulta fttrtKHuuijing this **lum,
iivinjt for each * T)[jtf title and the schedule number. Place
name and kidnapef e w i m y v n eacbiKtn&ita,
COMPANIES} REQUIRED TO F1LB A RBTURM
K. Llliility.—Evitry dotnestic life tn«iran» MttiDfinV Bud
^iTry lorcifcn life inaumnce company cwryinn on an insurance
butinen within th* United 5t*tC3 flr holding n « r v « f*ih<j*
Upon tuaimrsi tcmnioeled wJthln tit* United $tat«B, faanfnt
II£t ibAuruKE «nd. UKtUidty oontiracU- lilKhidiwg (^w^qCU- ui
CHIttlitued l£l*e. tiWltti, arti 4«id*nt infur«hw) t Ihs l e H T t
funds of which held foe the fulfil line fit of aiKh contracts COITK
prise mor? than SO perant of il» toljil reserve fui*£», shtlll All?
a return an tola form. B « aecttou £01 to 2Q3 of Uu« K«vanue
245
AFFIDAVITS
W. The n t u m shE.ll be sworn to tj> Ui* pi-t*iri*iit. vice
presidenf, or other principal officer, and. by ttar treasurer,
assistant treasurer, or chief accounllno: •officer. Reeciveni,
t n u t e u in diwalutton. trustee? in bmhruptcy, an<f asefiniics,
flneiablnf iht pnciKitty or bugiifSM offtjrpQratioiL-i, mull msJie
YttoTns of im^ime JOT sudi ciHiKratlonj, l [ n i«ei%i?r t u
fuEL CUitodj" of utd (v-ntml OVCL tile Injeincsa or pft'IKrty of A
(VrporaLEi-iii.faEshall bedefFAed Co be a >rraLing EUCII b"USini>S»
or propCTty. whether ht is. eoga-gKi in rcsnying on thr bmiiwaa for w]ii<jl! the corporation k m organEzcd or [inly in marshalinr, selling, And dJ.^puvits • ' its Jisstla fur ptir|iniP9 of
lt^ljJJation, ^n Jltttf mey or AfCht employed ta reymsznX ii^A
tumpHnf before tha Dtp^rtment Ls not twemitted Lu idmin.
UDer the oath.
\YiitiB the leturn i i actually pifpind by waic ix-tson or
r*i^oiLS ulheb- than otkirs 6i< efflploywi of the er.miis n r , iur h
peTson w personB rniHt *KWIlUi the affidavit Jrt *he fiwt »f
tfat ftrat imet of the return,
PAYMENT OF TAX
26. Tk« MK should be pjJJ by sehdinjc wFth th£ return »
CIMCIC or money order drawn tt> the order of "Cflllnictitr of InteretE Tttv^nne." He n«t send » 3 h by JTUUI, nor PQV it in
PP?»ft except aa the tollcclur'a offles.
The tax must be paed jn fuB -when ttw c-aturn ia filed, or in
fiaw « ™ i IMUiUnveiAi., a* •B^ta™»". Tht ft«t inaiiJlinivrrt. ihan
be psi(3 on or Ijpfo'e Mardi 15, 19S8, the sreond ins.lallnwjit on
or before JfUKl* 15i 1S3S^ tha thlrf JrataJIment on or befnire
Stpl*mb*T lf>, 199% *nd the fWFth fccLollnient en or btfdre
Dtitrilbtr IB, 193R.
If any iftj.U.1 [ment is not paid an the dntt Aned for its psyt
mcflt, thpTihole .imoLnf. of the tsx unfiaid shnU bo paid upon
imtlco flui JemBaa by lUe collecter.
E7. For CCLIurt tty niAke and Ale a rtiutn on timf^—Five
Pflrrtnt to £6 percent of the amount of tto l u . unles« «Llch
failure te duo to rtjascumblt caiittt. and. id addition, where
failure is willful, ft. tcne of not mom than 510,000. or iltitirisan..
mttil ivr TBA Tntat* t h m i Tt*r. or bclh, tfjgelhef wSlh the
«Ett of prcjNKUtiDn.
S3. For n-illf ullr Btt*R1t>tJng to evade «t drftat payment cf
tlie tan.^H-ot more thjin $lO.OCWb or imprisonment for not
Bwre than 5 yeara, w birth> toother *rith tht cost* of proseGuttpnL
±0. BtLab of i t turn.—A return gn this form shall W nilflpeer] on a cash r«ffjpta and diEbunumcnts hoshi in csnVarm.
it)' tvilh the annual utatcmunt mode ID the State InaLrtincf
Dfpcrtmrnb. instead of the 4«rtial IJSESB:.
SI. Annual sfaletnwit—A tvpy of the onnup] 3tnttnKnt for
life insurjmce compatiira adcjrteil by th-e KalionJ Cvnt'entEon
vf LnflDrence CwnmLjiinrn-ra for th<? ^ n r tW3T, as nted wiUl
of Columbia, which ihfl«* !he reservvs used in-pornButinff the
net Jncatnc reported on the return, toother ti'jlh cupii* of
SchaJula A (TBBI estate} And Sfhsdule U <lwad* fir,..! alw&K),
ntuft jiccompany this return, Similar -copirFi Tor the rrrccdJDf ytftr jnu»t BJSD be fumi^heil, it f*>\- fJ«d with the return
for tlw previous ytar.
22. C*mp*jt«tian cf VSTCTE and fmpIoi'UHi.—If the company paid to nny t&kcr or (rnpky*e diirinjr Hi? lAxaUe yeir
ivinpcnfackn Xor imrsoiml E«n,-Jcet in ™ B ! Sf 915,000, Seinedu[« C - l (wpies of which mm1 In: vbtnined from the CJlkctor
of intern J rawniK) niu.it b* film I, ]M DUPLICATE, witii ttnJ
as. part ftf this teturn.
PEHKJD rT*VTtltBI>
23. Thf return enaJI be Tor the ulencfw y u r cnd«d IAJI-L-ITT.
ber 31, 1937, «iui Hit ntt ijKomu cojn[-titcjl on the crtfcj-ndAt
year baaia in aDcortlaiK* willi (hr gtiite Uwsre^uls-tlAtf[[i-turfince coAijlanifB,
TlMli AND ri.ACR TOR FILINfl
24. Tha return HLLJ&t be Sent to the collector of int^nml
ItitFIBw far UtC (liitrkt In which l»e Tojnpanj.-'s prin^^|Kll
p]u« i-.f tiuann'^iiir r»riiVir>Al olTicsor i^entri1 is located, io as
to reach the collector1!! office an or before ilairh I", 1933. In
th?««e cf B f^eiirn camnnny nuLntninlnf an office or place of
bminew within the United Stale*,. Ltif ruturti slmJ lie filea on
June I b, IftSS.
=9. Par 4#Dd«ntydaetpjiegtlj[efleebi-f;niudL-^7jv« percent
Of ttit amount of the -thiiiSniy if due to rrtftlimnoe or Intentional lUsrepird Hjf rules and jertJJtttcma vrithcut intent to
^pfnWJil, or 50 percent of the amount -a* tilt <Jtfieienry if due
t» fraud.
INFORMATION AT SOURCE
SO. Evtry iR^uranse BoJiipanyahall make a tetLriumFrtMKH
L(BG and Ifl9!l with, rtisuct tn sfnauata 5^14, ts*Jit«l. iw *^tributed during the cntendorywir (») Ea^iilai-iciordLliEJ-cwnpcnsfltl4m fw perwnB] eervioci, totaling- si.npn or murs in the
«»W of B citizen ur resident ^ Iw ia not ituicr-ied ur TVIUHE
mjritnl StAlir.i ia unknown, or ^^UU or nmrt in UHJ case of
n married titiatn or resident, or (W ai inteie^, f*iil, prejfiiims, unnuitieEjOifltljev (IKVJ Or jLlcrminaJalfi inc*fnc tntalTn[?ljEHM3 nf lUDfrc Xo n fiAncinrJ'. niomestic or l^slJent pn^Lnerviiipj or a cltF**n or rrsidorjt- The return UTI f'oiTni 10S6
pnd 109? abtill «]io include dividend fajmenls aFn^Uiitihj; to
$H.lO or mtire duifns the Ciluaiiur yenr la each ahHrehctldt-r
who is an individual (citizen or resident of the United Stated,
a jmsitlpat AdLciury. CIT n rr.;idmt partn?r$hij> »ny nismber of
f,-hLi:hi ii II c.iti^n «r refid«at. i^c Tunns will be fuvnirliri
6t iniemnl rc%fnbie upon rf»m(!il. Such retion •sotvrlnp [he calendar year l937riJiut be
C
f I l
K
Sil
S^tF««, WnshJjifrton. C &• in. lime Us « r«eiv*d not laEer
th-Jh FctruaiT 15i 1333,
DUPLICATE HKTUHN
41. TTnr C«FF tiJ Vhe TetnTn required tofce lllcil on Uip atipiii'iti! form (gJX!*rj paper) eJiall b* a complete dli plicate of Che
return Except that it need not bt suCRed -at j>wwm to T»r kOf Copy of J5diR!iu]r C-I or a capy of th* annual
made to ih« insuruioe 4epwrtnienl oi ths State.
, pi Difitrtst of CollPnhlR- f o r failure to tile th*
h*mni m time' there iviD IKI usBend $10, ^hlch v-ill
upon notice and demand "by the ccfl«tor.
246
STATISTrCS OF INCOME
UNITED STATES
1937 RETURN OF PERSONAL HOLDING COMPANY
(Pnm 1190H)
1937
bind h n w Stnta
Fw C*l*mdar Y«r 1937 or Focal Ywr
i»g-H.
ADJUSTED KOtT I W O M B C O M P U T A T I O N UKDER T I T L E 1A C S M Instruction I)
1. N d i m a i * CM defined in Tilit I J the R<Ytm*-A<t ol 1934 u U _ M U by ife H t m Act tl I W > 2. AJd:Cofitnbuti4««^;ta deducted IncaqiBtuicilm I (MC i n n J btfe>O.
_
4.
ToUlrifcra
I ini
„,.,
S. Leu: C a * i t * t w ™ « (iftt [Turn SditoWty Ontie
15% of item -Q
7A n n s t psk. in liquation
Urtributimi or pllt { U
e «TfWBlii*l LouJ m liability of » decedent t
l lULanut. t « Untwetiwi O.
9.
10,
^
VWOlJTRIBUTEti A W I W T C D h t T INCOME COMPUTATION
11. AJjarted n t inean O t m 11 «tioTc},
i r La>: Dhidaidt pud mil.
_-„„
Aaual«<dorirmw«tlTHtudtteHyait«li»endelKiliKfi()f m j L»d inuncd JHKI
13,
Juuvy I. ISrmhwn Sthid Jt D. Ik* |]J
>+.
TotJ ei itam 12 U K I ti.....
^
„.„..,
_
,
. . . _
IS. UdUnbUhtd idjutlfd nt bam* &m 11 n » km I'D....
„_
COMPUTATION
It. b t a
n
p < i t k J .ton 1), wi in n o . tf tlO», ti *5%_
'17. b t n m u n n t cJ iton IS, n w u ef (JJKWl ik 7J^
n.
m
TulturUi ibitciu li*rj 17
F«ni4i bhw th* nuatt tad nUrwei c
^id
fe
n^wb
w
or untimty, «J UL/ t n duriri (Ki k i l
lMof tin guuundLm eviu] neelt cJ tbe unwuin:
IS** Instruction T)
, <gr otht? pnieipal oduei) and tttmt&tr f/w
ftr Hhtck lliii return b mu3e. beir« mrrmty duly WOT, wl> I H I W W V JupHW Uhl Hyi tlut thjl tetum
i d » U a t n j ntthttKiiti>1iu been cxutuicd tor him u d 4, to tkt bat rJ hia I n w U p and belid. » true. VTVX. uid r
Fridi, lor iln t u i l b n t f lUtrd, purtuani to Lhe Flevdue A d i el 1W6 u d WJJ uid tt» RtfiJttiwu iHwd OtenuidbH.
. to brfofe I K tta*
diyef...
I93L.
„
AFFIDAVIT
( S M tnatrwcUon F )
u (w iAmO dut 'r*"1 pnpuid tliii n t n l«r tin ptnon nuncd hucin uwl tliit the Htum tjndudktju/ (utnmpmyirn « V J , J « uvd
)
• ut*. o n B l , u d comptlc ititement tl tH it\t ujwmjtiwi rcifieciLrta OK ivri** IbyiAj iinpoicd by u r i w 331 cl the Rcvcnu: Act J
I f H . M UKTrdcd bj tUt RCVOHH Act o{ 1JJ3, of i t j ptncn ror when [Ells iclvn liu b m pnrJHjcd if which l^in I n n U17
SulwTit<d u d n u n to btfart ue cKa
„.-
<kvrf-
1?J...
HtrTC—Due t « u k t a "DUPLICiTS COPT" Bil
1M
--lib ihb <,rl,l_l E
247
STATISTICS OF IKCOME
•—
GO
-
II
*
t
•
—...•
'Jbtt»*
$.
»—
[--;-
-
*.
~StkLgth4~r>u»H i j i
t tn 15 pmsun UgJaikiO
M ! » • )• ftr
r M rtqr <f,faat[up:] .
1
M W ^ BL-^«H«n<l> U"» 0 * BCT U U TO PAT Oft
LJUIED n
u n u
mhlrt b^li« k m
d t TO MNBUIV 1.
»i
II
-J
—
-j—•
J, taxut iwd « >« tftfc pint in J»II»-T, I, ifM. u> ptf w m h tueii
A. & e i ^ 4^ b^ebCedntH on Juiuuy'l, If M-, «r«v I4A4I u n u t iMe4 cr wt
$
%
• •
•
—
7. Aoxxditi uxd or Ht « U O ta Jttir* lutfa ndibtejnci* duflci: tie ItH,
jdJloiiVh| ca&oibr ]re*n, of dujinf AtCml >q*rj b*|IDCIh11t in Audi IW
DM.
I
4
*..
...,. r
» , 3 t J « « of infct**ilti^ ( I ™ & HM>IA Jim fl
lai ABOUM ulutUr and durnf d» UxlUejnr tsnnd bj- lhl» nturn
f
*
(l> Am*M DTCvcully Ht uiJe 4u^n 4 c hut t k j™r ™™rd t r Ifcit
u n t o pay « n k n tin M<btaJntu, Lut iut K V » 4 ) ' UH*1 J«*
IL L^tUU fit tJW»»* wtt*wyl EXL I H £fctw'i*T<i*fes^ Wfr 4bdjMKour» S«r 4KtiublFTsTconrctl by thii.ntum<EllUTbiliJu iton UL^IrtHticX
- *
t
--
*
InJcrt, Ly JMCL w k srSdlm till <Uixlian tlit™J in hofi 13,firilpip J tM, K cun.
A • Ai»cunrt iittaJI? utd ( W i ^ the Uub4a for to p»y or n l n Lbc iHltUiJrw:
J6
ii1pi Dc*eribc lutb tkc plan hr p t r i u l or rttiremt ct llv obli(ilicei, •vtiatfn* <btc wJ mLhod of v&Qftun, u J v l w tU pin i
ninlihiTT- linking fund ifimfiit w iimlUr unninHd, mtfnit • cofv ef the imtnlun m igrmscnl by which tic find v »
tlikd
l
u * deduction jnftm 13, it* J^mf ehb rrturn. iqreinu in
6#kia fJ r d«r uKWUtuiui uid nwiod b> "Ilich il t t l krtvotibfy H I u i t „
Hi uiA la p»y « U f a (lie
248
STATISTICS OF INCOME
nramticntttt m PCMI 112m
1937
UNDID STATES RETURN OF PERSONAL HOLDING COMPANY 1 9 3 7
CnWfarancat «r« W ttft Rawua Act of I B * , u aawnoWd bv lh» f t m n u A« ol IU7, 111— gUwnui a*tt4)
T a f u y m »4I find it halpful ta m*d GUI-JTA] [iutniGt.«u (AJ t# (J) M m «wutMriciar to fill in th«i ratu
the. Specific I n l n u l l B u Jn w n i u d l n with flUnc •« t l « it»m •* ilmi».to wtlteh tfc«¥ ««hl.
INSTRUCTIONS
•aat mtlMt HEB» an r a m HtOrJi—GvaiT
ilTuti Llw clai»;ni-i!]»n « I a "p.r««W t*Himr
tun *5i. *ai(fc nmdiu lellnnj
g * L«R A H u l l y # [ a a i t 4Jtd H Mtf
h-n ihm l>tetni ber*
^
v t ix fciStlfti Li h r ill YtmTE
rvrn the Cbaisiiiuai^r r* IniJi* a clipitfft.
i change pn (3u »uc«ibiNiur period glwujil be-
C#l4iFj4r
(C^ «aah aT T^Wr^—M y > H VetrVn t< WSBtan aTr^rrA r.n thr arcnial
baadB, report- all iiK4Jnt acrru«4p eren ihmigri it roi ncl bflvn ocniaiEy
JTorh'fd or ( l l m d -nn Ihg bwtt, ami ^Mrwirfl irtnrivd isMLud it
• <pcr»# nai4. I f ynur books a » not h<s4 i n tht i r t r j i l baiit, ..t ii j ^ n
b-Cbl lai boolu, m i h HJDT IMtjrii nn I cut] (turn I k j "p-jrt »U iKirtii
Hati^td or cuutnietiuc-ty nevjwilf 9uvK u btuk jjir>re#t rnditcd En ytritf
• n s u l lil«ni»- anmaii^ m* 4ctnnJ In Httfon 33! hut di DPI wJtlim the
J
4n pvrrPfiai hoUkas CttftPany1' as wed Jn
=•"
Wj nn«r|t In (ilue oT JEi sub
injdLrc^rJy. at *ny tirte durjnf
t r m i d e ™ *T ito Utiiltd Sutei, if i u b j « " n " r 4 u r t u J a i n f - r t ^
BKtion U l en J(£ ir*KLm.n fron MuTcftn ^vilbui rjit Ur^teJ ^talcn And must
All iT4iam«n f o m i IISAII.
• r u » tflinl mmllt
!> el
l«b>r fj7 Ul'l ihrtricl in wtiieh t X ^ '
i i i ' i pni^pgl BElU ti hitsn»|
m prJtHsal «Hlc* or o n f i t / Is KoaJtH
tfc* rjiH nf * T-IHVIBII «crp»r*>
li(W m U t i i i in ^ »
i e nf
f bocinftu ui!hin -|h» L'ramj Slltt*,
Lhe rfLuTT, iti^l kt niid
thrf^ri I I ! l£Ek day of tfen i n t h rnnotl.
buying t*c clue i f the
<EJ PurlitaU rtlcun.-'nii! ^ D T nf the remrn Tt^ojird to be ftltd «
the JuplkaU I » m tg-rHai j»p*M chall ba n enrnaliw duplir.Ci- or t h ,
rrJim t ' W t Hial It ht«d ntt I K "llTrtJ nj- TciUlnj. fvi fal]un b • ! •
j4* f^lhr I3.-II -^.-Hre
f F l . R e t u r n I I I T«ri*eiUr«l^-Tlip>
. ....'mum nta _
k( Inri-HW to iW - U H T I > -vVrk «Hh I • '
•#•! i i . nHy *»J -_Blb WP+-TWJ LM
Eir&riA AMI 1kuiTi--/|«un(i inclixliHf- in «**iMin*- ii# IMC i*«nM 4-T tht
•IIV H k n
•a*
»iMf
tal
(ft) -nTim Hid la alsal lax ntm* In paid.—T
r
f Ul[ \rficri Cbe jotorn iArtlrti^or jn four equal iriEL!iJlini.'nlir a i lnlu»^z Qn
or btfjrrnff [he 1 ECh oaf nf Ilia [Ihird mtnilii mn or W i r f th# l&th cU.( (if
tlw n!Lth mantll! on nr before fltn l^th rfo]r «if i r » ain^li
ain^ mnath;
t h ; and
and en
en
u- b r o r f the ISth d.JJ af ihr t ^ i U
i n , the ( h i e ui UK
LiBiJ.i. vxir.
If uiy fi'tuMhtinl in not pujd m
on lt)« J . d ilind for IU [MiTiH-iit. the
^riv^lr •jii'Oiiri'. ^f ^|4$ [ii^ unnaLit ^uH EM JrAJ4 U|]IKI a^l^>> and 4emrid
W lit* HlnxUF.
TT.# taAimuf br n>Ed by mTjirtt<T brin
l Hit rrlarn a tfprfll c
rnjona^ ^fdtr dravm E« rjie ordtr nf ^CCJHE
iLLgrtat l £ n f l a v ^ U
jil t'M flIJflCtdr'a afflt
nit Hfid cash t y BnLi1F or |iiy Ji in PVT^D
nl
tbf KIT I EM. -at If Ltw Vl----I.nl *•** li la E
nr Vr Jutti>lFt>lh in In* m i irui
r u i . **d K
Kll i l t n i i t i
fcip!•*•" bt u > * niLr-u-i. . t+-t*
t+-t*h-b—.-l
h-b—.-llppi F I I I
i
l If
hr prrrbnq
h'ln^cipal cncnrr arKt ^V IHfr iRtaaror.
HUcr, W h r n tne TtUi^ T
fUrnTthn
O< Lh* «jipDntrnn. men r*rcnn -or prnnm
mmH- ngwn|I» die •
trw) foot Of Int CMHId ?ig« o( tilfl Teturn.
> d M 1 ^ Of \tn\\vwcttj, Ikj M- f ^ •*!* • PHhk1 dUMJ
#*rHiul L H M . U *i • • >nr I K B H UB^-T ^JIJW-TIIVH 111.
- 4 h P Nlivi-uu L'JU pi Q.11] R*rALT*a.—M.*--'-i'. -vh * ' H I mr-HILM uiKM 1 hi -rcfi-ilitaiSM •» -Mr- fkjv-bii » -J-.P* w - I H »T*X4 ii<WE,
* n l H i i i - u«i^'-:•!-• yiVKib4i
" b r m l j l l rh]
lnPbIlrV1n+-r«^l>I>h«-hlTtN-l*+4m-h4»l^in tuc V r u H i l ttfFlfn
• •.ul*rod ^ th*r T * J '-*™. ™iiJ.<ul*
i : i+f «*r««. op ^iKh UE i,Lnr [ p n i i n ^ - . "
( H , l ^ n . l l - 1 - r ^ ^idldY 1^ Ih-Jh £7U( JP| r ^ . r , * , t i - l t — r j ™
por<^iTt ;u X[j pLLTeent nj LJia mjacu-llt C1 I U tftju. galru 5iirh faliaia 1. 4n*
Ed ncajDp-lblf CJUjr. and. in ackliiian. wlier? failur* ]e 7V11IIIjFd a Una 4fn4t
more tlun_ JH>,(H>j ortanfvimmfrTit fcr n « BMre tban 1 n . r , or btrti,
VL ^f"'lr
'if™mjJrnJ t ^f C fi^S 1 *' rfrf«r fmimtvl '! On (ai—Wot
•ncro truri ilLUSHJ I T liurmratenl. f « r « l m » llag 5 fmuw, nt M i l .
1 the deficient}- i f due to la-flip-Foe f t InLnniraial I T i r c n r i ui nlen and
latinn* "i'V'ut InKnL to dof'HM, cr M pciwX of i l « uaiiunt of Lh»
X•onrjunrj-tf-ill*
tf -ilWl* (rwtd.
•7*-I-O-JrlJk ur.ri.iii urh-J.rVi*.!*..
J fUlHK-Hit n n n i h > - A ^ <nf.fl.|l|ij dill t> H H I I W K « -M *--mJA#
nincilv I F l-irj--^41ly- Lv c-r r--F - i i FHmiIr nr h v fiJ * ^ i^irtnFr.
KHljiUKainiu:
itv-'SKIinn I H (IfflM* ih* l a m
• nf Till* IA n> * i M* Itnnne.
""•ilk I^rtPli hluttt. Hmu^TmlLi, mnl¥ ^
^ ^ "" """ —"' —
1
M ik. g H nl pra
,*f rrrP i
h
...™lh]M.nf~-^rL»
"f'^riir IV
^^^^ *iri ILallAjLB o4 I^V H I M &r ^ ^ ^ f r i : .
"™''V^
-
^ ^ ^ .? .
j.
249
STATISTICS OF
SPECIFIC INSTRUCTIONS
1, test tawait,—Enter * • Item L Hit > K ihcon* *tar ilw tutaoU i w
ni P*Hd in Lreoidu.H wit* ISO prevSflotM * r Till* 1 f ' the B+WIU* Act
iWS 11 melded by Ibe Brvoi^r firt «f 1SJT. [n ih* i i a of i™n«tlc
1
•
!k)U fti^xjrrl In rn4c >r-htnaeca within U *
rail ui > t e « plies or baudJiru therrJn tbla lum
ta
Dm/ He CDmmolAd by adding to tk* net fiw*nw '
'
'
' '
nbrral
™VT« M lien 31, StLeHal? A, Form 1 1 » . ft:
sf Lhn Ujinrfd SU4**. nhmrti XB itana £ and 30 QtfHnjvn JL, j f l r t lisa.
aji<| InllTWHsei ohUgHiwi of imlTwmitllitirt of 1>e U m H j S l d n gthrr
UuU> oUifatHHU ianed luder th* F t d t n l F i l M Lpxn Act or un4«f UKb
A M ML xnttrf**.
H9Hfeal
fnrEfn (arjMntltll fix* r n r a r i in Ir
JM Ui* « M of A i k b
!
Unlud i u w a r t » t burinf an D M H « b l i A
or i n i i i w sdtbln th* V
Tl wudiftai U a t t i u r a l h*14li1C (fiapxnj a
bui-nm thtniit} which
i f roaipxnj v»«F * H xv^icfi 362 but noe x i x r«rdgn pdn
tlwv 331,
jnnsurrt
to be
mixU™
i « d in
itci 1 »J IF* nil i n n u i i n u i h
h^ the
jpfcr
fwlirm
11U
Ihxn
unfet *KUMI M l (xt. MM
'
*prliDn
TXUHC
i" n> rDfnputeil
-*M11U
TfMtt,
in Ihx
adtitii n to iPK*mf Jratt all atLer
B wil$irt*he IJr.il**: Ktft1**/gji» f
b
h
d
l«ea of i i c e d j * motlrr * r Valdd B
t u credit pcrtsiutd tfr Junatk torpor.
11SI wkth n s v e it
t Is
to Ulf
On t l i n an nrncd by Titl» I It nw xb<
1 a cndU with n o K l t* t b . I L ,
H I * dMmtixn vonar Mclaon ta ( E ) (9] ._
._
pr*frtt t u n impnaid k? IT* tnhMitv j f aa)i fcrd
alum, [if taa I Hit*4 Stan* it TsnniOad (or UH mngoH
undjtUfbvied aaMmbtd net iaeoo™ nibjKt u d » *artx
tLnn SN **in U*rj*titfHlfXf.ytlt
<0xju > iradll far |
tha raxu Emmflrf Er IWt 1.
.CooiBtle
ienonu<»alinldi«laliLibiinTtbaaEnaiiiiLori
r> on Una * , SdfdlUodnB,
F
m
n
ogrtlan
Jif^ 97t11
PSO,
V I frbera
^i P v ouw
illU
ifclit IIt
claimed . . x ™ * t Udti cixOa
U n ^l lwi iWi .H
hU
r a dtdurilDca
l l S , kA Ifondar ••<in j a (ui ( f j iii [oTjpoU
M bteoaia
U j
bteoaia jabjiet.
jabjiet. to t u undtr l i t * : [.
b» n
«ntn xanu.14 b»
n i itl tj jnn (tin T.
n arrpoTUbm ebnld titxt rah t U H u
accanaiiea iriUi mtttiati l i t | r tht u n p
O U i t J SU4
dI
and T°
'tadd Hsiiiaulii ai xdodutwB is iteit
IKlK'MI,
(iMalllal id lExbUt^ at • nrpantbai la^4 an
ii of ( M i l aMvcttl uajn- H d l n PI <*).—Eertiofi S3 (ql
«>d«rcio«i of bntribqtJAn^ AE l l f l e id- <ne erient or ^
i Hiram* iamruE«d urilbiBt'lhr oeaerll *t Biuh *Hfcrtto»
• leetion 311 D » v U n that Ir HWiantiBi x d j . « * 4 r r i I N « W (ben
be aliened ir lieu at [ l i n b d u l i n u l l m ? H]< prrCjoi I t _(qj COB
1
in . m « n ! * t i k h d « i n*t
*™t «f thr net itinjlm- nmnitedI •wUhum cbt btiefu oC i ~
the drduftkn tllani
uildtr H
f U
j i l h J
J
E
4
•
-xa*_ OMtritHdltv gr l U b h - e * H i « * H laj
^Tir MllrlioB M t f « t n t o tMl TTtvl^lon of lair ™^( b. faKf ••>
_
_jiUr lid, u i W I , t »r tSe dirioWuai t * U
.•HtldB BT tgmpBted wfebmt ta* b*H*fll nf D V
a to andend. carry-owi>.
i P<*« ILBOHfor i
uMnlHjtHiiHi to K h
I t t U h Ul ITKI HhnIL with t b * M t i m DH
n( f«rth th= inlonnatlap jigumUt [a
^|K^ EHnpsnutlen SttoWl Hitrein Ihiuld be erinwf x . Hrai I Hist TOlt
.fine relum, unhHj the coriVTOiian Ii pnHikrvd Littfvli'hLiilillm prapnttT
ti( ll^1 '•'••!l:f<;wi to Ibe «^i,»-r«ti«n of the CDmrruujiV^I.
Tin- t u r i m of proot wit] n | upni, I he lixpai.«r t? luiljibi ( M (J*iik-(mli
cf 1he a^xrc[jl» 4>f th^ rnpqrnwi BUnwod up^crtbrtJML 23 (mi and dibreC^xtl^n aE»*Kl wndnr ierttah £] MJ in m w n nf *bo ivnt or aCbee- earn*
peiuf L,*n drriyrd hum Ib? prQunv, A urnDratlni chLnllir BUdi l u m
"." "I)"11- >f " j « " f * l l l S tft febMile ^ . x t t * A IS IK, n ^ m x
t i n , forlh
„
lih i t i cixfm^orXII^WUUM
oltbe UQwdnnx tuV«Ul*r
mptrtQ BtnlrMcnt o f fa
WILh
liei in I L W H I L of Ehe dediu
f*tFj[i|iornjl U I E p i v j u r t j . ;
f
m u>d ths IWISKI and n i a >
f [JIT FDBii
[ 1 ftr lh
^ef r j * numr uuL Kldnaa
n irtiBi »*nni icqaln^ xni
<*[.|U3 Hoct.
rr*d iwr.it
j n t i to j x m i w 1. J
f Ehn ttii^
of i i jmtnubgal, u
riho
^J) Tfac KiMt UiJ zddrtu of ttx
wl»«i k i w i or m u d , or
J the Jiftinlier of •&,!«• of
nbvri it Iilu lanJL^^
* . ' ' lr-T. htH by me
tel The nxtiin ( m h ,
lAr.V ™ t fTt*t Muinujft. i
ta. J«Dt W «Ji« CHlt>eu
:nied fur tnc w of. er It
W *!•< fer uch E.F Eh. t
iHFUiw.<h« r rDpiny
i n ahri [kn
[knw n n n l o/ Ibe ».]«
rtrf <rilL m j a i t to,
t
L
tt><)
«oiap«n »bi*n
u JufPV+J. a rial
, »
ibe *TT]pony t
drH^^Iwi^
n (br BJtr txxabEe >aar
1 narflxnd, al vel] r xi
™nmi •frrvmiiit;
I <nij4tal n i wlii I W H t to
j^J Jl itBtiaHiM of any n w i * Kihlrti ••illid f«- eimrtallgo tfcxt
£L£FT*V™ u f
r " P * " - * *™W b» fffflJitaklr, #r x utilencat at taE
'"J**! %'n?'otli7liai«™SStin wlSrn<!Si^|?Mt*(Jon nlk).
n i iriwthl
pxniiujar iDdabUn:n*u.
,, _ .
at t i t m . K « > F . condlliofii,
3Urtl«ltxt laoMlHCTHai buat hi
«mli>
u
1 Jmrxr In - l i ell H
^ J T J K l i " * C t rnstTUHin-Ji ! i h w , !h« aruunt d«hK(*J tonkr K C titn SI fa_f "= turnpiHlna t n inimv ustMt Titl» ] » t» be m m ™ ! ly,
ir»nns( ujid" bi«ii S. f k i , ^ drtaili of i!u. ranlrftmloai JIT (ifta mxde
vitnlfl UO [nub r kear to or for iht u i . ^f duria- dea^rlbHi n, >w"**•(? ™k*T IBt-Ji total i i i n j i IS p.j»n1 ef Ia< xm*i»t l l w m in ic«n 4
1 itcd. B, no oMadRiB 1M B I I H J . U S In hes i .
! Jn Sctatul. c u r i BB**F tin i t u l juamiil
gircbi
iel
u
xdafl
by in*
"111 h i C«id4.nd nugnxalo
if i
n
l
tbllriaitxi**
d
unb
and K
xoondxn
nb a deHnita
deH
Plan f*F
Plan
f*F w
ptlwlarivbrint
l l
rtlirrmrrt ot t a .
I t mutttwilT.
Ttinx xr>
lT Tt
ldt Jn »
J
la>
t
nt ni all jnttbudaf
X
4
H
t C™*
atl tko pHa
nf eatl ranunt -p^^fc f * f • IMina«tJv< MttilHI u I A
eof ununla for Hun
prior I * Ihxt ia wflilTl Hi* phi! E. ufaptad. H*w«.r , If • Vfluitxiy oj»n
•™» adunud jrtdmr to KW, no adJoabnent 1x all.™ bl b
t «ftha
Bnonau M l tufa tn tW > MT1 brWT tir 1U4. A plmn « «
he uSieTvt u> in ,11 aobatquint
x t Jrttr.
Jrttr. IUUU- '
mire t u lj.hiliEV I t k r * "
•• "
whlcC juatl r
ll m l iipcn 1t»t*»Jiay*T t i tmUm H»
. Ifac taxeajwr Bunt fxmiihi Ib* 1n/«nniU(ni
AlaDuma
INDEX
A
Accounts payable^
Consolidated returns of railroads
•-„*__,
29
Industrial groups
70-79
Industrial groups and total assets classes
87-139
Returns with net income and with no net income
„ _ _,
29
Total assets classes
80-86
Years, 1926 through 1637
_._
37-38
Accounts and notes receivable:
Consolidated returns of railroads
2ft
Industrial groups
,
70-79
Industrial groups and total assets classes
,
87-139
Returns with net income and with no net income
29
Total assets classes
80-86
Years, 1926 through 1937
_ 37-38
Aerial transportation—
54
Affiliated corporation returns. (See Consolidate*! returns, railroads.)
Agriculture and related industries:
Assets and liabilities, classified
^_____
70
Capita] assets, grous find net
24-25
Compiled receipts and compiled deductions classified
58, 62, 66, 70
Frequency distribution by certain basic classifications, 159, 170-171, 18S-189
Industrial subgroups
SO
Reserves for depreciation and depletion
24-25
Returns with net income and with no net income
*.
6-7, 50
Total assets classes
&5MK)
Years, 1928 through 1937
140
Airplanes, seaplanes, etc., manufacture of
^
.
53
Amended returns, test
3
Amusements—Theaters, motion-picture producers, motion-picture theaters,
circuses, race tracks, e t c — _
55
Anthracite coal, mining
50
Assets':
Capital, (See Capital assets.)
Consolidated returns of railroads22
Industrial Rroups
,
,
70-79
Industrial groups and total assets classes.,
,
,
87-139
Returns with net income and with no net income
.
29
Test
_
22-29
Total assets classes
26-27, 80-86
Years, 1926 through 1937
37-3S
Automobiles, manufacture of (see also Motor vehicles* complete or p a r t s ) 53
Autobus lines, taxicabs, etc
54
251
252
B
Bad debts:
Page
Consolidated returns Of railroads
2S
Industrial groups
58-69, 70-79
Submitting and not submitting balance sheets^
_ .
21
Text
,
_._
20
Total assets classes~
,
_
,
30-86
Yeiars, 1926 thru ugh 1937, all returns
35-36
* Years, 1931 through 1937, with balance sheets
37-38
Balance sheets, corporations submitting:
Assets and liabilities
22, 70-79, 80-86, 87-139
By major industrial groups
22, 24-25, 70-79
By total assets classes
, . 26-27, 80 86,87-139
Number by net income and deficit classes
,
23
Receipts and deductions
70—79
Total receipts classes
,
]oD~H39
Bakery and confectionery products, manufacture of
50
Banking and related industries
..
£6
Beer, manufacture of (w$ also Liquors)
..
51
Beverages, soft drinks, manufacture of; distilling, etc
...
51
Bituminous coal, lignite, peat, mining of
,
50
Blast furnaces, steel mills, rolling mills, products of, etc., manufacture of_.
53
Bonds, notes, and mortgages payable (maturity LUSH or more than 1 year):
Consolidated returns of railroads
_
_
.
£#
Industrial groups
....
.
70-73
Industrial i^roups and total assets classes
..
..
S7-138
Returns -with- net inuome and with no net income
..
22
Total assets classes - . ^
80S6
Years, 1926 through 1937
37-3S
Bone, celluloid, ivory, etc., manufacture of
..
52
Boots, shoes, slippers, etc., manufacture of:
Leather
„.
51
Rubber
52
Brokers, stock and bond, etc
^
. .._
.">(!
Building and construction above ground and under ground5-t
Building materials and supplies (metal), manufacture of
53
Business service—Detective bureaus, tTade shows, etc
55
Bus lines (see also Autobus lines)
.
, __ ,
54
Canned products—Fish, fruit, vegetables, e t c , manufacture of
_
50
Capita] asscts—Land, build:rigs, and equipment:
Consolidated returns of railroads
29
Gross capital apsets, by industrial groups
,
24-25
Industrial groups
. ._„
„
70-79
Industrial group A and total assets classes
87-139
Net capital assets by iu dust rial groups. ^
24-25
Reserves for depreciation, and depletion (except on land), by industrial
gTOups
24-25
Returns with net income and ivifh tia not income
. . . , . . . ._ 22, 29
Test
25
Total assnt-F el asses
80 86, 87 139
Years, 1926 through 1037
37-38
INDEX
253
Capital net gain. [See Net capital gain.)
Capital net loss. ( £ « Net capital loss*)
Capital stock:
***•
Consolidated returns of railroads
29
Industrial groups
70-79
Industrial groups and total assets classes,
87-139
Returns with net income and with no net income
22, 29
Total assets elates
..80-86, 87-139
Yenrs, 1926 through 1937
37-38
Carpets, floor coverings, etc*, manufacture of
.51
Cartage and storage
-.
,_
..
..
54
Cash:
Consolidated returns of railroads
g$
Industrial groups
70-7J*
Industrial grrtups and total assets classes
87-1&&Returns with net income find with no net income
22, 29"
Total assets elapses
80-86, 87-13&
Years, 1926 through 1937S7-3S
Cash dividends p&id;
Consolidated returns of railroads
28
Increase, 1937 over 1936
18
Industrial groups
58-69, 70-79
Industrial groups and total assets classes
„ _ 87-139
Net income classes
16-17
Submitting and not submitting balance sheets^..,
21
Total assets claeeeB
80-86, 87-139
Yf!*rR, 1»22 tJii-'Jugli 1937
18
Chemicals and allied products, manufacture of:
Assets and Liabilities classified
-.
75
Capital assets, gross and net
24-25
Compiled receipts and compiled deductions, classified
. 60,64,68,75
Frequency distribution by certain basic classifications. 165, 179, 197, 210-211
Indue trial subgroups
52
Reserves for depreciation and depletion_-_,__„
24^25
Returns with net income and with no net income^
, _ 6—7, 52
Total filets classes
.
.
_
115-US
Years, 192S through 1937-_
143
Chemicals and allied substances—Drugs, oils, soaps, etc., manufacture of_
52
Chemicals proper, acida, compounds, etc., manufacture of
,
52
Clay products, manufacture of (see also Stone, clay, and glass product*) __
53
Clothing and apparel, manufacture of:
Assets and liabilities, classified
^
„.
73
Capital assets, gross and net
24-25
Compiled receipts and deductions. , „ _ . .
59, 63, 67, 73
Frequency distribution by certain basic classifications
162, 175, 193
Reserves f*>r depreciation and depletion
,
__.
24-25
Returns with net income and with no net income
6^7, 51
Total assets classes
103-104
Years, 1936 and 1937
141
Coal mining (anthracite and bituminous)
,
.
„_
50
Commission trade.,
55
Common stock:
Consolidated returns of railroads
„
29
r. ,
Industrial groups
, ,,
70-79
210893—40
17
254
INDEX
Common stock—Continued.
Industrial groups and total aascsts classes
.
87-139
Returns with net income and with no net income
.
22, 29
Total assets classua
. , . . _ 80-86, 87-139
Years, 1926 through 1937
,
37-3S
Common carrier by railroad, defined
,_ ^
28
Comparability with previous reports, text_ _ „
,
3-4
Compensation of officers:
Consolidated returns of railroads _.
.
28
Industrial groups
58-69, 70-79
Submitting and not submitting balance sheets
,
__
21
Text
20
Total assets classes^
„..
„ _ 80-86
Years, 1926 through 1937, all returns
3i>-3fi
Years, 1&31 through 1937, with balance sheets
37-3S
Compiled deductions. (See Deductions.)
Test
19 20
Compiled net profit (or msl loss):
Consolidated returna of railroads_ ..
28
Industrial groups
.
58-69, 70-79
Industrial groups and total assets classes
-^
87-139
Submitting and not submitting balance sheets
21
Tcit__
20
Total assets classes _,
.
80-86
Years, 192& through 1037, all returns
3,5-36
Years, 1931 through 1937, with balance sheets
37-38
Compiled receipts. (See Receipts,)
Ttjxt
19-20
Consolidated returns of railroads i
Assets and liabilities, classified
~ ~ _ - - ..
,,_,__
29
Common carriers by railroad, defined
28
Dividends paid
28
Limitation of privilege of riling
27
Rate of tax
1
Note 17, p. 226
Receipts and deductions. „
,_,__„_
28
Returns with net income and with no net Income,
. _ , _ _ 28, 29
Tax, amount
28
Text
27-28
Construction i
Assets and liabilities classified
77
Capital assets, ffross and net
.
24-25
Compiled receipts and compiled deductions, classified
Rlj 65, 69, 77
Frequency distribution by certain basic classifications...
^. . 107, 183, 201
Industrial subgroups
54
Reserves for depreciation and depletion
24-25
Returns •with net Income and with no net income
,
6-Sj 54
Total assets classes
_
127-12S
Years, 1928 through 1937
144
Construction, underground and on surface^.^
^__._^
54
'Contributions or gifts, deduction for:
Consolidated returns of railroads
,..
28
Industrial groupa
58-G9, 70-79
Submitting ftnti not submitting balance sheets
.
21
Test
20
INDEX
Contributions or gifts, deduction for—Continued,
Total assute classes
Years, 1926 through 1937, all returns
Years, 1920 through 1937, with balance sheets
Cost of goods sold:
Consolidated returns of railroads
Industrial groups
Submitting and not submitting balance sheets
„
Text-__
Total assets classes
Years, J92G through 1037, all returns
Years, 1B31 through 1937, with balance sheets
Cost of operations:
Consolidated returns of railroads
Industrial groups
Submitting a n d not submitting balance sheets.,
,
Test
Total as&ete classes.
Years, 1926 through 1937, till
returns
__.
Years, 1931 through 1937, with balance sheets
Cotton goods—Dress goods, plain cloth, etc., manufacture of
Credits:
Dividends paid
Income and profits tax paid foreign countries
,
255
_ 80-86
35-38
37-38
23
5S-69, 70-79
21
20
80-80
35-36
37-38
28
58-69, 70-79
21
20
80-S6
36-3S
37-38
51
11-14
3
D
Debt, bonded. {See Bonded debt and mortgages.)
Debts, bad. (See Bad debts.)
Deductions:
Con£tQHds.t,Gd returns of raiEroads
„
28
Contributions or gifts
_
..
21
r
Industrial groups
6-7, 5S-69, 70-79
Returns with net incomes and with no net income
__,__,
Q-7
Special deductions allowed life insurance Companies..
.
, -,^_
5
States
48-49
Submitting and not submitting balance shoots
,
,
,
21
Text.
_ 19-20
Total assets classes
„ 80-86
Years, 1920 through 1G37, all returns.._
35-36
Years, 1926 through 1937, with balance sheet*
\ 37-38
Deficit:
Consolidated returns of railroads
28, 29
Deficit classes
,
30
Defi cit classes, by years
.
34
Fiscal and part-year returns
,
,
30-31
Industrial groups
7-8, 58-69, 70-79
Industrial subgroups
_.
,
50—57
Industrial grange by total nst*et& classes
,
,_-87—139
Industrial groups by years, 1928 through 1937
140-145
States
48-49
States, by w-ars, 192S UwQUfch 1937
14ft^l6fi
Text..
S
Total assets classes
2G-27, 80-86, S7-139
Years, 1016 through 1937
33
Years, 102(3 through 1937, all returns
35-36
256
INDEX
Deficit—Continued.
Years, 1931 through 1&37, with balance sheets
___ 37-38
Yeais, 1934 through 1937t deficit classes
34
Depletion;
Consolidated returns of railroads,
,,
,
28
Industrial grou pe
_ 58-69, 70-79
Reserves for
,-,
„„
___,
24-25
Submitting and not submitting balance sheets
21
Total asset* classes
..
80-86
Years, 1926 through 1937, all returns
55-36
Years, 1931 through 1937, with balance sheets
37-38
Depreciation:
Consolidated retu rns of railroads.
,
_,
.
28
Industrial groups
58-69, 70-79
Reserves for
24-25
Submitting: and not submitting balance sheets
21
Total assets claHsua
80-«e
Years, 1026 through 1937, all returns
_ . . . . . . 35-36
Years, 1931 through 1937, with balance sheets
37-38
Dividends paid:
Cash and stock, by years, 1022-1G37
18
Consolidated returns of railroads.
.....
.^..
28
Credit for.
11-15
Deficit clasps
.
... .
17
Industrial groups
.
58-65,70-70
Industrial groups ajid total assets classes
^ . .__
._ 87—139
Net income classes.,
16
Submitting and npt submitting balance sheets
21
Text
...
_._^
.
18
Total assets classes
... .
SO-86
Dividends received; domestic and foreign corporations:
Consolidated returns of railroads
28
Deficit classes
..
17
Frequency distribution by certain bas.it classifications
206-220
Industrial groups
58-69, 70-7B
Net income Rlas&eB..
,
16
Submitting and not submitting balance sheets
^
. .
21
Tex t
15
Total assets classes... ,.
,
,.
80-86
Years, 1926 through 1937, all returns _ ,
, . . . .___
35-36
Years, 1931 through 1037, with balance sheets
. 37-3S
Domestic service—Laundries, restaurants, etc
...
55
Drugs, etc., manufacture of (see also Allied chemical substances)
52
E
"Electric light and power companies
.
Electric railways, etc
.
Electrical machinery and equipment, mamifactiTre of
Excess-profits tax. (See Income and excess-profits taxes.)
•Factory machinery, otn., manufacture of
Farming—Cotton, grain, etock, etc
^
Federal corporation income and profits tax rates, credits, etc
,,
,_,
-.
..
,
55
54
53
53
50
221-227
IXDEX
257
FflfO
Ferti [izer&i manufacture of _ _
52
Finance1:
Assets and liabilities, classified.
78
Capita] assets, groBs and net~- 24-25
Compiled receipts and deductions, classified
....
61, 65, 69, 78
Frequency distribution by certain basic classifications^ 169, 186, 204* 218-219
Industrial subgroups
56-57
Nonresident foreign corporations not included
5-fl
Reserves for depreciation and depletion
24-25
Returns with net income and with no net income
6—8, -56-67
:- - - Special deduction allowed 3ife insurance companies
5
Total asaete classes
135-136
Years, t»2S through 1937
145
Fiscal year returns:
Month ID which fiscal year ended:
Returns tvith net income and with no net income
30
Net income and deficit clAss^a:
Returns with net income and with no net income
30
Tax liability and collections..
.
3-3
Test
\
29
Food and kindred products, manufacture of:
Assets and liabilities, classified.-.
71
Capital assets, gross and net
24-25
Compiled receipts and compiled deductions, claeslfied
- . 58, 62, 66, 71
Frequency distribution by certain baste classifications- 161,172-173, 190-191
Industrial subgroups
.
,
50-51
Reserves for depreciation and depletion^ _ _ ,
_
24-25
Returns, with net income and -with YLO VM% income
6-ft, 50-^51
Total assets classes
.
.
96—93
Years, 192S through 1937
__
141
Foreign taxes—Income and profits taxes paid foreign countries
2—3
Forest products, manufacture of:
Asset* and liabilities classifieds
.
73
Capital assets, gross and net
„
24-25
Compiled receipts and compiled deductions, classified._ 59, 63, 67, 73
Frequency distribution by certain htuaa classifications„_ 163, 177, 195
Industrial subgroups
52
Reserves for depreciation and depletion
24-25
Returns Trirfh net income and with no net income
-__r
6-8, 53
Total assets classes
.
^^
109-110
YeaTs, 1928 through 1937___
- —143
Forms:
1120, Corporation income and excess-profits tax return
232-241
1120-L, Insurance company income tax r&tum
243^246
112O-H, Personal holding company return
246-249
frequency distribution of returns with nut income and. with no net income
by major industrial groups:
Returns with balance sheets showing assets of $250,000 and over:
By total receipts classes cross classified by total assets classes
159-160
13y net income or deficit classes cross classified by total receipts
classes
__
170-187
Returns with balance sheets by net income or deficit danaes cross
classified by tota] assets classea
188-205
258
Frequency distribution of returns with net income and with no net income
by major Industrial groups—Continued.
Page
Returns by net income or deficit cla&eefl cross classified by dividends
received classes, for certain industrial groups.- ~ ~.~-~
~
206-220
Test
31
Fur (*ee also Textiles not elsewhere classified)
..
51
Furniture, etc., manufacture of
.....
52
G
Gas companies, artificial and natural
55
Geographic distribution of returns, te^t
4
Glass and related products, manufacture of. (See Stone, clay, and glass
products.)
Gross income:
Industrial groups
.
.
._
6-S
Industrial subgroups
50—57
Industrial groups by years, 192S through 1937
__ 140-145
Returns with net income and with no net. income
,
,„..
6-8
States
__._
48-19
States, by years, 1928 through 1937
___.
. . . 146-156
Text
..
2
Years, 1916 through 1937
32
Gross receipts from operations:
Consolidated returns of railroads
2S
Industrial groups
58-09, 70-79
Industrial groupe and total assets classes
.
87-139
Submitting and not submitting balance sheets
.._
21
Total assets classes
80-8G, S7-139
Years, 192G through 1937, all returns
35-3G
Years, 1931 through 1937, with balance sheets
37-3S
Gross sales:
Consolidated returns of railroads
28
Industrial groups
S&-69, 70-79
Industrial groups and total assets classes
87—139
Submitting fcnd not submitting balance sheets
.
^21
Total assets classes
80-86, 87-139
Years, 1926 through 1937, nil returns
,
. ... .
,
. . . . 35-36
Years, 1931 through 1937, with balance sheets
37-38
K
Hardware, tools, etc., manufacture of
53
Historical HUtuinsries:
Assets and liabilities, 1926 through 1937
37-38
Compiled receipts and compiled dedvictic-nB;
1926 through 1&37, all returns
35-36
1931 through 1837, with balance s h e e t s . . .
37-38
Industrial groups, 1928 through 1937
144-145
Net income and deficit classes, 1934 through 1D37
34
States, 1928 through 1937
146-156
Years, 1909 through 1937 (ffro&s income, net income, deficit and. tax) _ 32-33
United States by years 1928 through 1937; Number of returns, KFOSH
income, net income, deficit and tax
140
INDEX
Holders and ICHIROTS:
Agriculture a-nd related Industries
Mining and quarrying
^ . _ , .
__„
Transportation and related activities
.
_
Holding companies. {See Investment trusts, etc.; Personal holding companies; Real estate and realty holding, etc.)
Horticulture (see also Farming)
Household machinery and equipment, manufacture of.,
259
Fag*
50
50
64
50
53
I
Income and excess-profits taxes:
Amount
,
_.
5
Compared with tax collections, _ _ . _ . _ .
2-3
Consolidated returns
28^29
Excess-profits tax
5, 7, 9, 11-15
Surtax on un diet rib utcd profits
5, 7,9-10, 11-15
Fiscal ycu-r returns
,
.
29-30
Foreign countries, paid to
_
3
Forms 1120, 1120-L, 1120H
232-249
ItuiiLHtrial groups
7, 58-69, 70-79
Industrial subgroups
.— ^
50-57
r_.
Industrial groups by yeans, 1928 through 1937
140-145
Net income classes.~
_ _.
9
Normal tax _
.
5
Fart year rvturne
,._.
30-31
Rates
. . 222-225
States
.
48-49
Static, by years, 1928 through 1937
146-156
Subm ittiug and not submitting balance sheets. ^
,21
Surtax, on undistributed profits
5,21
TVxt
2
Total assets classes
.
80-86
r.
Years, 1909 through 1937
32-33
Income and profits taxes paid foreign coimtriefc, te^t
,.
3
Industrial classification, text
_„
.
4
Industrial groups:
A&gets and liabilities, classified
.
.
70-79
Capital assets, gross and net
, . - ^ _ _ _ _ 24-36
Changes over prior years
4
Compiled receipts and compiled deductions, classified,,
5B-69
Dividends paid, cash and btock
,__,
^^_.
18
Frequency distribution hy certain basic classifications,^
,
159-220
Industrial subgroups (number, gross income, net income or deficit, and
tax)
50-57
Reserves for dopreciation and depletion
24-25
Returns with net income and with no net income
6-9, 50-67
Total assets classes
87-139
Years, 1928 through 1937
140-145
Instruments, musical, professional, scientific, etc., manufacture of
53
Insurance companies, lifer e t c .
^
57
Special deductions allowed life insurance companies
,
,
^
5
260
INDEX
Interest paid:
Consolidated returns of railroads
_
industrial groups
Submitting and not submitting balance sheets
Total assets classes
Ycara, 1926 through 1937, all returns
Years, 1931 through 1937, with balance sheets
Interest received:
Consolidated returns of railroads. r
,„
Industrial groups
Instrumentalities of the United: S*atee
Net income and deficit classes
-.
,
Subject to excess-profits tax^
.
Submitting and not submitting balance sheets
Tax-exempt obligations
Total assets classes
Years, 1926 through 1937, all returns
Years, 1931 through. 1G37, with balance shoots
,
„
_
.
,
.
28
_ 58^69, 7O79
21
St)-86
35-36
37-38
28
58-69, 70-79
19
_ 16-17
16-17
..
21
16-17
80-86
35-36
37-38
Consolidated returns of railroads^ . ,
,
Industrial groups _
,
Industrial groups and total assets classes.
Returns with net income and with no net income
Total assets classes
80-86,
Years, I92fi through 1937
Investments, tax-exempt and other than t*,x-exempt:
Consolidated returns of railroads. ^
_
Industrial groups
Ret urns with net income and with no net income
Total assets classes
..
Years, 1926 through 1937
Investment trusts, stock syndicates, stock pools, holding companies
Iron and steel—Pro ducts of blast f. umaces, rolling mills, etc
29
70-70
87-139
22
87-139
37-3S
29
70-79
22
S0-S6
37-38
&6
53
J
Jewelry, manufacture of; precious metal products and processes
Joint stock land banks
,
---
53
56
K
Knit goods—Sweaters, hosiery, ete., manufacture of
51
h
Land, building &nd equipment. {See Capital assets,)
Leather and its manufactures:
Assets and liabilities, classified
73
Capital asa£ta, gross and net
24-25
Compiled receipts and compiled deductions, classified
59h 63, 67, 73
Frequency distribution by certain basic classifications._^__-_~ 163, 17Gh 194
Industrial subgroups
...
51
Reserves for depreciation and depletion
, - 24-25
Returns with net income and with no net income
6-8, 51
Total assets cla-ssee.
.
105-106
years. 192S through 1937
_
142
INDEX
261
Leather, finishing, tanking, etc. (.see aXaa Otlier leather products)
51
Lessors and holders. • {See Holders and leaaora.)
Liabilities;
Consolidated returns of railroads _ _
29
Industrial g r o u p s . . - ^,
7(K79
Industrial groups and total assets classes
.
S7-139
Retii ms with net income and with no net income
,
22
Text
22
Total assets classes
25-27, SO-St>, S7-139
Years, 1926 through 1937
37-38
Life insurance, mutual or stock companies
,
57
Special deductions a l l o w e d — - . - . - .
. . --.5
Liquors and beverages (alcoholic and nonalcoholic), manufacture of:
Assets and liabilities classified.
71
Capital a&eetSj gross and n e t - 24-25
Compiled receipts and compiled deductions classified
__ ">9, u'3, 07, 71
cy distribution by certain basic classifications
,.. lfil, 173, 101
Reserves for depreciation and depletion
_
24—25
Returns wit h net income »nd with no net in come
6-8, 51
Total assets classes
„
., 97-93
Years, 1933 t h o u g h 1937
141
companies—-Building and loan, mortgages, note or pawn broke re,
insurance agents, etc
„
56
Locomotives and railroad equipment, manufacture of_,
53
M
Machinery, manufacture of:
Agricultural
,_.„
— —
53
Building
~
63
Construction
,
.._,,-53
Electrical
<>3
Factory.^
53
Household
53
Mining (See also Miscellaneous machinery)
53
Manufacturing:
Assets and liabilities, classified
71-76
Capital assets, ^ross and net
24-25
Compiled receipts and compiled deductions classified
..
58-69
Frequency distribution by certain basic classifications
lfiO-107,
172-133. 190-201, 209-215
Tnd ustrial subgroups
,
50-53
Reserves for depreciation and doplci ion
24-25
Returns with net income and with no net income
6-8, 50-63
Total assets classes
^_-. . . ^
93- 12fi
Years, 1S28 through 1937
140-143
Manufacturing not elsewhere classified:
Assets and liabilities, classified
76
Capital assets, RTOSS and net
24-25
Compiled receipts and compiled deductions classified
61. 65, &Qr 76
Frequency distribution by certain basic classifications.
167, 183, 201 t 215
Industrial subgroups
53
Reserves for depreciation and depletion__,
~
, 24-25
262
TNTJEX
g not elsewhere classified—Continued.
Returns with n«t income and with no net income
_.
. 0-S, 50—57
Total assets elas-ses
125-I2G
Yeans, 1928 through 1937
._
143
Metal bui\dvng material and supplies, etc., manufacture of
S3
Metal mining—Iron, copper, lead, zinc, gold, silver, e t c . ,
,-.._
501
Metal and its products, manufacture of:
Asserts and liabilities classified
,_ ...
75
Capital assets, gToas and net
24—25
Compiled receipts and compiled deductions classified.
fiO, 64, 68, 75
Frequency distribution by certain basic classifications
1(16, 1S1, 199, 213
Industrial subgroups....
...
..........
53
Reserves for depreciation and depletion
.
24—25
Returns with net income and ivith no net income
.
6-8, S3
Totsrt ftssaets classes
..
121-122
Years, 1928 through 1937___
..
143
MiU products—"Brari, flour, etc., manufacture of
,
50
Mining and quarrying:
Assets and liabilities classified
., . .
...
71
Capital assets, gross and net
._„
^._
24-25
Compiled Teteipts and compiled deductions classified
53, 62, 66, 71
Frequency distribution by certain basic classifications. 160, 171, 189, 207-20S
Industrial subgroups
_
. ........_..
50Reserves for depreciation and depletion.
.
...
24-25
"Returns w\t\i net income and "with no not income
.. ^
6-8, 50
Total assets classes
..
91-02
Years, I&28 through 1937___
... .
._
140
Mortgages. (See Bonds, notes, and mortgages.)
Motion picture pTodyn^ers
,
5J>
Motion picture theaters
...
..
,
. ........
55
Motor vehicles, complete or parts, manufacture of:
Assets and liabilities, classified __ ^
. .,.
.. _
76
C&JftitaA Eu*,ftttsI gv<vse and n^t — . ^
,
,
., 24-25
CnrnpHcd receipts and deductions
.
. . 6l,6n > 69 h 76
Frequency dLstriliution by certain basic classifixations
]66, 182, 200
Reserves for depreciation and depletion
...
24-25
Rfttu*i\s with net income and with nfl net income
, — ~ . J _ ~ , _ — 6—S, 53^
Total agsets classes
.
.. . 123-124
Years 1936 and 1937. __.
...
143
Musical, professional, and scientific instruments, etc., ma tin fact urn of .. _
fi3
5T
National banks
.
, _ ,
---^,
56
National Industrial Recovery Act, reference to
1
Nature of business not grven;
Assets and liabilities classified
78
Capital assets, PTOER and net,
.
^
. . _ _ 24—25
Compiled, receipts and compiled cieuctiorLS, classified
61, Go, 69, 78
FrfcqYWmcy distribution T&y certain baBlo cl&gsifi cat ions- 169, 186-1S7, 204-205
Reeefvfte for depreciation and depletion.
..
24^25
Returns with net income and with no net income
6-8, 57
Total assets classes
13S-139
Year*, 192$ through 1937
_._
145
INDEX
263
Net capital gain:
Can&ol idated returns
28
Industrial groups
58-69, 70-79
Submitting and not submitting balance sheets
21
Total assets elates
— S0-S6
Years, 1927 through 1937, all returns
35-36
Years, 1931 through 1937, with balance sheets
37-38
Net capital loss:
Consolidated returri3
2S
Industrial groups.-58-69, 70-79
Submitting and not submitting balance sheets
21
Total assets classes
— 80-86
Years, 1930 through 1937, all returns
35-36
Years, 1931 through 1037, with balance sheets
37-38
Net income:
Adjusted, defined
10
Amount and percent, 193G and 1937
5
Consolidated Teturn& of railroads
28-29
Defined, __
2
Fiscal j-ear returns
_
30
Industrial groupe
.
6-8, 53-69, 70-79
Industrial sulfgroups
,___,
-.
5O-B7
Industrial groups and total assets classes
S7-139
Industrial groups, by years, 1928 through 1937
140-145
Net income classes
^
9
Net income classes, by years. .„
34
Normal tax net income
2
Part year returns
31
States
48-49
States, by years, 1928 through 1937__
_
146-156
Submitting and not submitting balance sheets
21
Text.
.
2
Total assets classes
80-80, 87-139
Undistributed, definedL- - 10
Years, 1609 through 1937
-,32
Years, Ifl26 through 1937, all returns
,
35--3G
Years, lflSl through 1937, with balance sheets
37-38
Yoars, 1934 througli 1937, net income and deficit classes
34
Nonresident forei^1* corporations
,___,
^_
3
Normal tax. {See Income and uxcoBK-profitK tax.)
Notes payable. [See Accounts payable.)
Notes and accounts receivable, (See Accounts and notes receivable.)
Number of returns:
Aggregate, Tvith net incomu and with no net income
^
6-S
Balance sheets, with__^,
21
Comparison, 1936 and 1937
5
Consolidated returns of railroads
2S-2#
Ftse&l year returns: With net income and with no net income
, - - 29-30
Month in which fiscal ye&r ended
^^
301
Net income and deficit glasses
~~^
30"
Industrial groups
~
6-&
Industrial subgroups
~-^,
^-^
^^^
50—57
Industrial groupe, by years, 1928 through 1937
140-145
Net income and deficit classes
*
264
INDEX
Number of returns—ContinuedPage
Part year returns
31
Returns with net income and LO net income.^,
„
6—8^50-57
Returns «rubjecrt t o surtax on undistributed profits
,^
T ._ 11-15
SUtes._
^
,
48-49
Submitting and not submitting balance sheets
21, 23
Total assets classes
SG-&6, 87-13U
Years, 1934 through 1937, by net income and deficit classes
^
34
Years, 1909 through IG37._
,
32-33
Years, 1926 through 1937, assets and liabilities
37-38
Ye**»f l£2£ through 1987, receipts atid deductions, all returns
35-36
Years, 1931 through 1937, receipts and deductions, with balance
sheets,
37-38
Years, 192S through 1937, by States
146-156
O
ObEgstiooe of the United States and ita instrumentalities,
esempt investments.)
Office equipment, etc, manufacture of
Oil »nd gas production
Oil refining. (JSee JPfttTMenm and other mineral oil products.)
Other assets and liabilities. (See Assets and liabilities.)
Text
Other deductions. (See Deductions.)
Other receipts, (See Compiled receipts.)
(See Tax_
53
50
24
P
Pacfclng-house products—Fresh meats, haine, etc., manufacture of__,.._,
50
Paints, pigments, varniehea, etc,, manufacture oF
^
,_.
52
Paper, pulpi and products, manufacture of:
Aseetsj and liabilities classified
74
Capital assets, gross and net
24-25
Compiled receipts And compiled deductions, classified
_ _ 59t 63, 67, 74
Frequency distribution by certain basic claseific&tion'
164,17&, 196
Reserves for depreciation and depletion
,
^.__ 24-25
Returns with net income and with no not income_,
6-S, 52
Total assets classes
111-112
Years, 19£& tlwougU 1937
142
Part year returns, text
30
Number* net income, deficit, tax
^
31
Personal hoMing company returner
Adjusted net income
.
,
,
^
„
40
Contributions or gifts.
,
43-43
Credits
42-43
Debt ret rrement
42-43
Deductions
42—13
dividends pa id .
42-43
Foreign tfi* paid
.
.. 42-43
Form 1120-B
246
Income and profits tax paid to {Jnitnd States and foreign countries not
on Form 1120..
41
INDEX
265
Per&onal holding company returns—Continued.
Losses from sale of capital a s ^ t s
_
,. _ „
43
Number:
With net income and with »io net income on Form. 1120
42-43
With adjusted net income by adjusted net income classes
41
Surtax
__ 42-43
Surtax rates
327
Text..
3G-44
Undistributed adjusted net income
40-43
Petroleum and other mineral oil products, manufacture of:
Assets and liabilities, classified
.
7o
Capita) assets, gross and net.
, *.
24-25
Compiled receipts and compiled deductions
60, Q4t 58, 75
Fntiiuency distribution by certain basic classifications-- 165, ISO, 198, 211-212
Reserves for depreciation and depletion
. ..
24-25
Returns with net income and v i t h no net income
6-8, 53
Total assets classes
..
117-1 IS
Year 1937
143
Pipe line companies
,..
.-._,
.
55
Precious metal products and processes, jewelry, e t c , manufacture of
..
53
Preferred stock:
Consolidated returns of railroads
,,__,-..
29
Industrial groups
..
70-79
Industrial groups mid total assets classes. _,
.
S7-1&Q
Returns with net income and with no net income
,
22
Total assets classes
30-845, 87-139
Years, 1928 through 1937
37-38
Printing, publishing, and allied industries:
Aseete and liabilities clarified.
74
Capital assets, JJTTOPS and Jict._—
-~
,
24-25
Compiled receipts and compiled deductions classified., . . .
6ft, 64, GS, 74
Frequency distribution by certain basic classifications
... _ 164,
178-179, 196-197
Reserves for depreciation and depletion
24-25
"Rjtserves with net me<>TQe a,Tid ^rith -no xnti incornc
ft-S,
52
Total assets c l a s s e s . . . .
.
. . . . 113-114
Years, 1928 through 1937
142
Professional service-—Curative, educational, legal, ctc_,
^,__,.....
55
Public utilities, (See Trailuporlaticfn, and ether public utilities.)
Pullman care. {See Electric railways.)
Pulp and products, manufacture of (see also Paper, pulp, and products)._
52
Q
QuarryEngf
(See Mining and quarrying.)
broadcasting companies
^_.
.^_^
— ..
55
, complete or parta, manufacture of
_
53
Railroad equipment, manufacture of (me aleo Locomotives and railroad
equipment)
.— ,
~
~~
,
53
v,
HftUrofl-rts, consolidated returns of affiliated corporations
^
_ , , . . 28—29
Railroads, electric. .
^
^
^.^__
54
Railroads, steam
. __.-54
266
Rayon goods, manufacture of {see also Silk and rayon goods, etc.)
51
Real estate and realty holding companies, etc
55
Receipts, compiled:
Consolidated returns of railroads
.,. —
28
Industrial groups
5S-69, 70-79
Industrial groups and total onsets classes
87-139
Submitting and not submitting balance sheets,
21
Test. _
19-20
Total assets classes.
- 80-86, 87-139
Years, 1926 through 1937, all returns
35-36
Years, 1931 through 1957, with balance sheets
37-38
Heat paid on buBin^EB property:
Confiolklnted returns of railroads, — ^
....__.
28
Industrial groups
5S-G9, 70-79
Submitting and not avibniittijiK balance sheets
-.,
, ,_,
21
Total assets classes
80-S6
Years, 1926 through 1937, all returns
35-36
Years, 1931 through 1937, with balance sheets,
37-38
Reserves for depreciation and depletion:
Major industrial groups
. . . .
. . . . . . . 24-25
Te*t
24
Restaurants, hotels, etc
„,
-~
---.
55
Retail trade
55
Returns tabulated;
Revenue Acts under which
filed
^......
1
Text
1-4
Revenue Acts of 1913-1937 and certain provisions of National Industrial
Recovery Act (1033); also Excise tax {Act August 5, 1009)
222-227
Rubber products, manufacture of:
Assets and liabilities classified
-. . —
73
Capital raseto, grora and net
24-25
Compiled receipts and compiled deductions classified
59, 63, 67, 73
Frequency distribution by certain basic classifications, 163, 176-177, 194-1S5
Industrial subgroups
,
52
Reserves for depreciation and depletion _ , _
24—25
Returns "with net income and with no net income
. . . . 6—8, 52
Total assets classes
107-108
Yearn, 1928 through 1937
142
3
Sales, gross, (See Gross sales.)
Sawmill and planing mill products, manufacture of
52
Securities, wholly and partially tax-exempt, {See Tax-exempt investments.)
Service—Domestic, professional, business, amusements, and all other;
Assets and liabilities cluessined
,
77
Capital assets, gross and n e t . . .
,.,,,.
24-25
Compiled receipts HJIC) compiled deductions classified
61, 65, 69, 77
Frequency distribution by certain basic classifications,.,
IBS, L85, 203
Industrial subgroups
— — 55-56
Reserves for depreciation and depletion
_
24—25
Returns with net income and with ny net income
, . _ 6-8, J>5-56
Total asuetK classes
,
-•
133-134
P, 1928 through 1937
144
INDEX
267
rage
Ship building and repairing
54
Shoes, slippers, etc., manufacture of
,
51
Silk and. rayon goods, e t c , manufacture of
51
Soft drinks—Cider, mineral waters, utts., manufacture of
,-.
. _.
51
Source; book—Historical ciatn^
_
.
44-45
State and private banks
..
-.. .
.
56
States and Territories:
Geographic distribution, text
4
Gross income, deductions, net income, aod tax
5
Years, 4928 through 1937 (number with net and no net r gross incomes
not income, deficit, and tax)
140-156
Steam railroads, etc
..
...
.
54
Sfceel and its products
53
Stock and bond brokers, investment brokers, investment hankers, e t c .
Stock dividends paid;
Consolidated returns of railroads
2S
Decrease, 1937 over 193tt
IS
Industrial groups
58-69, 70-79
Ntnt income classes
11-15
Submitting and not submitting balance sheets
._
21
Years, 1922 through 1937
___
IS
Stone, elay, and glass products, manufacture of:
Assets and liabilities classified
75
Capital assets, gross and net_.
~ _. 24—25
Compiled receipts and compiled deductions classified.60, 64, 68, 75
Frequency distribution by certain ba&ic classifications- 16&, ISO—1S1, 198—19&
Reserves for depreciation and depletion
_ 24-25
Returns with net income and with no net income
6-8, 53
Total assets clasps
119-120
Years, 1928 through 1937
143
Sugar—Retit, cane, maple, o t c , manufacture of
„
51
Surplus and undivided profits:
Consolidated returns of railroads
29
Industrial groups
70—79
Industrial groups and total assets classes
87-139
Returns with, net income and with no net income- .
22
Total assets classes
. , 80-86, 87-139
Years, 1S28 through 1937
37-38
Surtax (#ee alxa Irvuonut and Excess-profite tax):
Corporations exempt from
._ - . . - - . .
2
On undistributed not income
10-15, 49
Dividends paid, credit
11—15
Industrial groups
7
N t t income classes
^
_^
9, 11-15
Returns subject' to, by net income classes
.
..
11-14
Returns not subject t.of by net income classes. _
15
Text
10
Personal holding companies
42-43
Synopsis of Kodcral income and profits tax rates, credits, and exemptions. 221-227
268
INDEX
T
Tax credit- (See Credit.)
Taxes- (Sec Ineonur, Esceae-profite, Normal taxes and surtax,)
Fuse
Taxes, back
3
Taxes paid ether than income ta*:
Consolidated returns of railroads
28
Industrial groups
5SM>9, 70-79
Submitting and not submitting balance sheets
„,,-,-_
.
21
Tm &l assets classes
. 80-S6
Years, 192ft through 1937, all rcturna
35-36
Years, 193] through 1937, with balance sheets ..
^
. 37—38
Tax-exempt investments and ot,h*>r than tax-exempt:
Consolidated returns of railroads
.
.— .
29
Indus trial groups
..
.__ 70-79
Returns with net income and with no net income
22
Total assets classes
. . _ _ 80-86
Years, 1926 through 1937, with balance shuetfi
37-3S
Tax forms, 1120, ] 120-L, 1120-H, for 1937
232-24S
Tax liability and collections^--,
, ... .
2-3
Tax paid at source, text
3
Telephone and telegraph companies
.
05
Terminal stations, toll bridges, toll roods, etc
£5
Textile mill products, manufacture of:
Assets and liabilities, classified
72
Capital nssete, prnss and net
_^_^_-^_.
...
*?4 -25
Compiled receipts and compiled deductions, clarified.
. _ 59, 63, n7, 72
Frequency distribution by curtain basic classifications .
....
1152,
174-17:3, 192-193
Industrial subgroups
..
51
Reserves for depreciation and depletion
..,_.
24^25
Returns with net income and with no net i n c o m e . . .
.
*>~S, 51
Total assets classes
10L-102
Years, 1928 through 1937
141
T h e a t e r s , legitimate, vaudeville, etc
55
Tires a n d tabes, etc., manufacture of
.
52
Tobacco products, manufacture of:
Assets a n d liabilities, classified
...
72
Capital assets, gross and n e t
,
„
._
24-25
Compiled receipts and compiled deductions, el&agificd ,
59, 63, 67, 72
distribution b y certain basic classifications
161, 174. 1Q2
for depreciat iem and depletion
. _..
24—25
Returns with net income a n d with no net income
....
fi-B,
.51
Total assets classaea
,
,
99-100
Years, 1928 through 1937
141
Trade:
Assets and liabilities, classified
77
Capital assets, grass anrl net
„ 24—25
Compiled receipts and compiled deductions, classified
61,fiflf69, 77
Frequencv distribution by cert&in basic classifications
.
168,
1S4-185. 202-203 h 217
Industrial subgroups .
.
55
Reserves for depreciation a n d depletion
„— ,
24-25
R e t u r n s "with net income a n d witti no net iiiftomo
G-^, 55
INDEX
Trade—Continued.
Tutal assets classes-,
Yeans, 1928 through 1937
Transportation and other public utilities:
Annuls and liabilities, classified
Capital jisstt.H, gross and net
Compiled receipts and compiled deductions, classified
Frequency distribution tav certain basics classifications
Industrial subgroups
Reserves for depreciation and depletion__ r
Returns with net income and with no net income
Total assets classes
.-Years, 1928 through 1937
Trust companies, savings banks, etc
—
269
131-132
144
77
24-25
(SI, (J5, 69, 77
- _ 167,
184,202,215-21&
54-55
24-25
6-8,54—55
129-130
144
'
56
—
U
Undistributed profits, surtax on. (See Surtax.)
Undivided profits. (See Surplus and undivided profits.)
W
War-profits and excess-profits tax;
Amounts, years 1017 through 1932; 1933 through 1937
Water companies
,,
Water transportation
Wholesale and retail trade
..
.^
^-_~
Wholesale trade
...-.
Wines, beer, mult extract, etc., alcohol, manufacture of _
Wood products, manufacture of-,
Woolen and worsted goods, manufacture of
,
o
~~
33
55
54
55
65
51
52
51
@FedFRASER