Business: American Can

The annual report of the American Can Co., covering 1923, was gratifying to its stockholders and a confirmation of Wall Street's high opinion of the Company. Net earnings in 1923, after preferred dividends, amounted to $10,983,094, or $19.64 on each of the 412,333 common shares. The surplus of the Company at the close of 1923 was $37,570,871, compared with $31,948,016 at the end of 1922. In addition, the debenture bonds of the Company, which totaled $10,233,000 in 1920, are gradually being retired; the amount outstanding shrank from $6,372,000 in 1922 to $5,494,000 in...

Want the full story?

Subscribe Now


Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!