Treasury Department : : Bureau of Internal Revenue 
 
 Bulletin "D" 
 
 INCOME TAX 
 
 Average Percentages of Pre-War Income 
 to Pre-War Invested Capital of General 
 Classes of Corporations, Grouped as to 
 Trades or Businesses, as Provided for in 
 Section 311 (c) (2), Revenue Act of 1918 
 
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 WASHINGTON 
 
 GOVERNMENT PRINTING OFFICB 
 
 1919
 
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 Treasury Department : : Bureau of Internal Revenue 
 
 Bulletin "D" 
 
 INCOME TAX 
 
 Average Percentages of Pre-War Income 
 to Pre-War Invested Capital of General 
 Classes of Corporations, Grouped as to 
 Trades or Businesses, as Provided for in 
 Section 311 (c) (2), Revenue Act of 1918 
 
 < 
 
 i*i \ 
 
 U 
 
 
 WASHINGTON 
 
 GOVERNMENT PRINTING OFFICB 
 
 1919
 
 ADDITIONAL 0OPIE8 
 
 OK THIS BULLETIN MAY M OBTAINED FROM 
 
 THE SUPERINTENDENT OF DOCUMENTS 
 
 GOVERNMENT PRINTING OFFICE 
 
 WASHINGTON,!) C. UPON 
 
 PAYMENT OF 
 
 5 ( BNTS PER COPY
 
 3y?o3^m-o\ 
 
 CONTENTS. 
 
 Industrial Groups: 
 
 Raw materials 1'age 
 
 Agriculture and dependent pursuits 6 
 
 Mining 6 
 
 Manufacturing 
 
 ( 'hemical manufacturing and allied industries 6 
 
 Poods and food preparations 7 
 
 Iron and steel industries 7 
 
 I <eather and leather goods industries 8 
 
 1 jquors and beverages s 
 
 Lumber and woodworking industries 8 
 
 Metal and metallurgical extractions 9 
 
 Paper manufacturing, printing, bookbinding, publishing 9 
 
 Stone, <lay, and glass industries 9 
 
 Textile industries 10 
 
 Special manufacturing industries 10 
 
 Financial : Banks, insurance companies, brokerage institutions 11 
 
 t Jommon carriers and public utilities 12 
 
 Trading and miscellaneous 12 
 
 Chart 13 
 
 i ij (3)
 
 SCHEDULE OF AVERAGE PERCENTAGES. 
 
 Section 311 of the Revenue Act of 1918 provides that a corpora- 
 tion which was not in existence during the whole of at least one 
 calendar year during the prewar period, and therefore received no 
 income during the prewar period, shall be allowed a specific exemp- 
 tion of S3, 000 and 
 
 An amount equal to the same percentage of the invested capital of the taxpayer 
 for the taxable year as the average percentage of net income to invested capital, for 
 the prewar period, of corporations engaged in trade or business of the same general 
 class as that conducted by the taxpayer, but such amount shall in no case be less 
 than 10 per centum of the invested capital of the taxpayer for the taxable year. Such 
 average percentage shall be determined by the commissioner on the basis of data 
 contained in returns made under Title II of the Revenue Act of 1917, and the average 
 known as the median shall be xised. 
 
 In pursuance of this requirement of the law, the accompanying 
 table has been compiled and will be used in complying with section 
 250(b), which provides: 
 
 As soon as practicable after the return is filed, the commissioner shall examine it. 
 I f it then appears that the correct amount of the tax is greater or less than that shown 
 in the return, the installments shall be recomputed. If the amount already paid 
 exceeds that which should have been paid on the basis of the installments as recom- 
 puted, the excess so paid shall be credited against the subsequent installments; and 
 if the amount already paid exceeds the correct amount of the tax, the excess shall be 
 credited or refunded to the taxpayer in accordance with the provisions of section 252. 
 
 Inasmuch as the examination of all returns filed will not be com- 
 pleted by the due date of the last installment of 1918 taxes, it is 
 suggested that the taxpayers entitled to credit based on the appro- 
 priate average percentage shown in the accompanying tables may 
 recompute their tax, using a war profits credit based on such average 
 percentage, and file claim for abatement for as much of the last 
 installment of the outstanding assessment as the total tax assessed 
 exceeds the tax so recomputed. In urn case where the amount 
 already paid exceeds the amount due. with (he benefit of the. average 
 percentage, claim for refund should also be filed on Form itf. 
 
 (*)
 
 A.VSRAQB Percentages of Prewar Income to Prewar Invested Capital of 
 Genbbal Classes oi Corporations, Grouped as to Trades or Businesses, 
 eiovzdsd for in Section 311 (c) (2), Revenue Act of 1918. 
 
 RAW MATERIALS: AGRICULTURE AND DEPENDENT PURSUITS. 
 
 Subdivisions. 
 
 1. Cotton ginning 
 
 2. Cotton growing 
 
 3. Dairying and dependent pursuits, including butter, cheese, 
 
 and condensed milk 
 
 4. Fisheries 
 
 5. Florists, nurserymen, and seedmen 
 
 G. Forestry and forestal pursuits, naval stores, charcoal burning 
 
 and grinding 
 
 7. Fruit and vegetable growing, including vineyards, orchards, 
 
 and trucking 
 
 8. Grain growing 
 
 9. Poultry raising and products 
 
 10. Mixed farming, including stock breeding, stock raising, and 
 
 general animal husbandry. Agricultural pursuits not else- 
 where specified 
 
 Average 
 percentage. 
 
 Per cent. 
 11. 73. 
 Not over 10.00. 
 
 Not over 10.00. 
 Not over 10.00. 
 Not over 10.00. 
 
 13. 
 
 Not over 10.00. 
 Not over 10.00. 
 Not over 10.00. 
 
 Not over 10.00. 
 
 RAW MATERIALS: MINING. 
 
 1. Cinnabar 
 
 2. Oiay 
 
 3. Coal, anthracite 
 
 4. Coal, bituminous 
 
 5. Copper 
 
 G. Gravel and sand 
 
 7. Gypsum 
 
 8. Iron 
 
 9. Load and zinc ;.. 
 
 10. Limestone 
 
 11. Natural gas 
 
 12. Petroleum 
 
 13. Phosphate 
 
 14. Pipelines 
 
 15. Salt 
 
 16. Silver, complex ores 
 
 17. Talc and soapstone. . 
 
 Not over 
 Not over 
 Not over 
 Not over 
 Not over 
 Not over 
 11. 81. 
 Not over 
 Not over 
 Not over 
 Not over 
 Not over 
 Not over 
 17. 24. 
 Not over 
 Not over 
 Not over 
 
 10.00. 
 10.00. 
 10.00. 
 10.00. 
 10.00. 
 10.00. 
 
 10.00. 
 10.00. 
 10.00. 
 10.00. 
 10.00. 
 10.00. 
 
 10.00. 
 10.00. 
 10.00. 
 
 MANUFACTURING: CHEMICAL MANUFACTURING AND ALLIED INDUSTRIES 
 
 1 . Baking powder, yeast 
 
 2. Blacking, bluing, whiting, stains and dressing, dyostuffs, ex- 
 
 tracts and coloring materials, inks (printing and writing), 
 
 paints, and varnishes 
 
 Mluloid and products 
 
 4. < 'lean.sing and polishing preparations, soaps and washing com- 
 pounds .- 
 
 6. i 'rude chemicals, including leading acids, fertilizers, etc 
 
 G. Druggist's preparations, including perfumery, cosmetics, and 
 
 patent medicine compounds 
 
 7. <>ils, vegetable and animal, including seed cake 
 
 8. Petroleum refining, products and by-products 
 
 '.'. t Chemicals, not elsewhere specified 
 
 14.14. 
 
 11.44. 
 
 Not over 10.00. 
 
 10.66. 
 
 Not over 10.00. 
 
 10.98. 
 
 Not over 10.00. 
 
 11.27. 
 
 Not over 10.00.
 
 Average Percentages of Prewar Income to Prewar Invested Capital of 
 General Classes of Corporations, Grouped as to Trades or Businesses, 
 as Provided for in Section 311 (c) (2), Revenue Act of 1918 Continued. 
 
 MANUFACTURING: FOODS AND FOOD PREPARATIONS. 
 
 Subdivisions. 
 
 Average 
 
 I>ereentage. 
 
 1. Bread and other bakery products, not including confectionery 
 
 2. Canning, preserving, and evaporating fruits, vegetable?, fish, 
 
 oysters, and sbiimps 
 
 3. Chocolate and cocoa products, candy and confectionery 
 
 4. Coffee roasting, grinding spices, and coffee substitutes 
 
 5. Flavoring extracts, syrups, and cordials used in bottling indus- 
 
 tries 
 
 *!. Flour, feed , and grist mills 
 
 7. Meat-packing, packing-house products, and by-products 
 
 8. Oleomargarine and other butter and lard substitutes, including 
 
 both animal and vegetable 
 
 9. Pickling establishments 
 
 10. Rice mills, cleaning and polishing, not including rice flour. . . 
 
 11. Special package foods, such as cornstarch, macaroni, tapioca, 
 
 etc., breakfast foods and other cereal products 
 
 12. Sugar-beet, including refining, molasses recovery 
 
 L3. Sugar-cane, including molasses and sirup in bulk 
 
 14. Sirups and molasses glucose and others, including maple 
 
 15. VinegU and cider 
 
 1 6. Food preparations, not elsewhere specified 
 
 Per cent. 
 
 11.26. 
 
 10.G7. 
 
 Not over 10.00. 
 
 10.87. 
 
 Not over 10.00. 
 Not over 10.00. 
 Not over 10.00. 
 
 12.45. 
 
 Not over 10.00. 
 
 Not over 10.00. 
 
 10.70. 
 
 Not over 10.00. 
 
 Not over 10.00. 
 
 Not over 10.00. 
 
 Not over 10.00. 
 
 10.83. 
 
 MANUFACTURING: IRON AND STEEL INDUSTRIES. 
 
 3. 
 
 4 
 5. 
 
 6. 
 
 7. 
 
 8- 
 9. 
 
 Id. 
 11. 
 12. 
 13. 
 14. 
 15. 
 
 Hi. 
 17. 
 
 IS. 
 
 19. 
 
 2D. 
 21. 
 22. 
 
 Agricultural implements 
 
 Automobile- and auto parts, including bicycles and motor- 
 cycles and parts, motor trucks and motor-truck parts 
 
 1 (last -furnace products 
 
 Boilers, evaporating pans, oil-tanks, and silos 
 
 Holts and nuts, including washers and rivets 
 
 E Qgi nes Steam , gas, and oil 
 
 Forging and foundry products, including castings, car wheels, 
 and stoves 
 
 Hardware, special and general 
 
 Beating, cooling, and ventilating apparatus, including fur- 
 naces (no stoves), refrigerating plants, dust-collecting systems 
 
 Machinery- 1.1-" Irieal and other electrical apparatus. 
 
 Machinery Excavating, cars, and tools 
 
 Maori inery Hoisting, cranes, derricks, and conveyors 
 
 Machinery Humidifying, air-moistening, and air-conditioning. 
 
 Machinery Laundry 
 
 Machinery Mill, neither textile nor woodworking 
 
 Machinery Mining 
 
 Machinery Printing and duplicating 
 
 Machinery Sawmill 
 
 Machinery - Textile, also parts 
 
 Machinery Woodworking 
 
 Machines Adding and calculating 
 
 Machine- Check-writing. Blot, testing, vending, weighing, in- 
 cluding addresBographs, balances, scale.--, registering devices, 
 and watchman's clocks 
 
 Machines Bowing 
 
 Meters lias, water, etc 
 
 Plumbing supplies, including .^.^ and water apparatus, porce- 
 lain wares for kitchen and laundry 
 
 Pumps 
 
 Not over 10.00. 
 
 Not over 10.00. 
 Not over 10.00. 
 Not over 10.00. 
 Not over 10.00. 
 Not over 10.00. 
 
 Not over 10.00. 
 Not over 10.00. 
 
 Not over 10.00. 
 Not over 10.00. 
 Not over 10.00. 
 Not over 10.00. 
 Not over 10.00. 
 Not over 10.00. 
 Not over 10.00. 
 Not over 10.00. 
 Not over 10.00. 
 Not over 10.00. 
 10.42. 
 
 Not over 10.00. 
 Not over 10.00. 
 
 Not over 10.00. 
 Not over 10.00. 
 Not over 10.00. 
 
 Not over 10.00. 
 Nol over 10.00.
 
 8 
 
 Aykiiw.i: ]'i kckxtages op Prewar Income to Prewar Invested Capital o* 
 Of Corporations, Grouped as to Trades or Businesses, 
 as Pkoyiim'.i) jo!; in Suction 311 (c) (2), Revenue Act op 1918 Continued. 
 
 MANUFACTURING: IRON AND STEEL INDUSTRIES-Continued. 
 
 Subdivisions. 
 
 Average 
 percentage. 
 
 27. Railway equipment, including locomotives, street railway, 
 
 mining , and industrial cars 
 
 Safes and vaults 
 
 -upbuilding 
 
 30. Steel plants and rolling-mill products, including tin and terne- 
 
 plate mill prod ucts, iron and steel chains, steel doors and 
 shutters 
 
 31. Structural steel 
 
 32. Tin cans and tinware 
 
 33. Tools Farm, garden, machine, mechanics, mining, lumbering, 
 
 railroad-track repairing, including bench lathes, shears, and 
 saw- 
 
 34. Tractors Farm and highway 
 
 35. Typewriters and typesetting machinery 
 
 36. Wire cables, fences, springs, nails, and spikes 
 
 37. Iron and steel products not elsewhere specified 
 
 Per cent. 
 
 Not over 10.00. 
 Not over 10.00. 
 Not over 10.00. 
 
 Not over 10.00. 
 Not over 10.00. 
 Not over 10.00. 
 
 Not over 10.00. 
 
 Not over 10.00. 
 
 Not over 10.00. 
 
 10.24. 
 
 Not over 10.00. 
 
 MANUFACTURING: LEATHER AND LEATHER GOODS INDUSTRIES. 
 
 1. Boots and shoes 
 
 2. Leather manufacture 
 
 3. Leather substitutes 
 
 4. Leather articles other than boots and shoes 
 
 10.94. 
 10.69. 
 11.82. 
 Not over 10.00. 
 
 MANUFACTURING: LIQUORS AND BEVERAGES. 
 
 1 . Bottling of liquors and soft drinks as distinct from manufacturing 
 
 2. Distillers of whiskies and spirits, refining and rectifying of 
 
 liquors and beverages 
 
 3. Malt liquors (brewers) 
 
 4. Wines 
 
 5. Nonintoxicating beverages Coco-Cola and other special drinks, 
 
 mineral, soda, and aerated waters, including bottled tonic 
 drinks, soft drinks, spring waters, malting grains, all others 
 not elsewhere specified 
 
 Not over 10.00 
 
 Not over 10.00. 
 Not over 10.00. 
 Not over 10.00. 
 
 No* over 10.00. 
 
 MANUFACTURING: LUMBER AND WOODWORKING INDUSTRIES. 
 
 1 . Box boards, baskets, cases 
 
 burial cases of wood, not including steel or 
 
 concrete 
 
 :;. Kurniture, all classes, including veneering, chair seating 
 
 4. .Mills Shingle, lath 
 
 8. Taper pulp and pulp board 
 
 6. Planing mills, flooring, sash, doors, partitions, and interiorwork 
 
 generally 
 
 v. Ready-made houses 
 
 mosand silo materials, cooperage stock, tank-, not including 
 
 I or concrete 
 
 '.). Timbering, logging, ;in 'l sawmill operations 
 
 10. V\ 
 
 11. Wood fillers, leatneroid, wood composition in other commodities. 
 
 12. Woodworking Industries, nol elsewhere specified 
 
 Not over 10.00 
 
 Not over 10.00. 
 Not over 10.00. 
 Not over 10.00. 
 Not over 10.00 
 
 Not over 10.00 
 Not over 10.00. 
 
 Not over 10.00. 
 Not over 10.00. 
 Not over 10.00. 
 Not over 10.00. 
 Not over 10.00.
 
 Average Percentages op Prewar Income to Prewar Invested Capital of 
 General Classes of Corporations, Grouped as to Trades oh Bksivi 
 as Provided for in Section 311 (c) (2), Revenue Act of 1918 Contained. 
 
 MANUFACTURING: METAL AND METALLURGICAL EXTRACTIONS. 
 
 Subdivisions. 
 
 Average 
 P rentage 
 
 1. Brass, bronze, copper, and aluminum products 
 
 2. Clocks, watches, chronometers 
 
 3. Cooking utensils (other than copper), granite goods, etc 
 
 iitlcry. scissors, razors 
 
 5. Galvanized materials, spouting, gutters, metal roofing 
 
 G. Gas and electric fixtures 
 
 7. Jewelry 
 
 8. Lamps and accessories 
 
 9. Lead products 
 
 10. Needles, pins, metal hairpins, and pen points. 
 
 11. Plate ware, electroplate, etc 
 
 12. Professional and scientific instruments, including dental sup- 
 plies, and optical goods, surgical and hospital appliances. 
 
 f photographic apparatus and materials 
 verware and goldware, other than jewelry 
 
 13. Si 
 
 I t. Smelting and refining copper, lead, zinc, etc. 
 
 15. Metal and metallurgical industries, not elsewhere specified. 
 
 rcr cent. 
 Not over 10.00. 
 
 Not over 
 
 Nut over 10. 00. 
 
 over 10.00. 
 Not over 10.00. 
 Not over 10.00. 
 Not ovor 10.00. 
 Not over 10.00. 
 Not ovor 10.00. 
 15.64. 
 Not over lo.oo. 
 
 10.50. 
 
 Not over 10.00. 
 Not over 10.00. 
 Not over 10.00. 
 
 MANUFACTURING: PAPER MANUFACTURING, PRINTING, BOOKBINDING, PUBLISHING, 
 
 1. Blank paper 
 
 2. Book and job printing, lithographing, including bank note and 
 
 bond printing, labels, tags, and decorative paper 
 
 look binding and blank book making 
 
 1. Cardboard, box materials, and box manufacturer 
 
 5. KnvelojH's 
 
 B. Paper utensils , 
 
 7. Photo-engraving and printing processes 
 
 8. Print ins materials 
 
 9. Publishing newspapers and other periodicals 
 
 1 0. Type founding, stereotyping, and electrotyping 
 
 11. Wall paper 
 
 12. Wrapping paper 
 
 13 Paper and prim acified 
 
 Not over 10.00. 
 
 Nut over 
 Not over 
 10.48 
 
 10.28. 
 Not o vet- 
 Not over 
 
 Not over 
 13.17. 
 
 Not over 
 
 10.00. 
 10 00. 
 
 LO.OO. 
 
 10.00. 
 10.00. 
 10.00. 
 
 10.00. 
 10.00. 
 10.00. 
 
 MANUFACTURE ! ID GLASS INDU 
 
 1. Abrasive products, including emery wheels, sandpaper, and 
 
 corundum 
 
 2. Building brick, sewer and drainage pipe, fire brick, furnace 
 
 linings, pottery, terra cofta, crucible-, tiling, laundry tubs. 
 
 refra ia earthenware 
 
 intent . 
 
 ncrcte construction, including artificial stone 
 
 5. Glassware, includ bold, and barroom BUp 
 
 N-ray tubes, thermos tx rrors, refractors, illuminat- 
 ing glass, etc 
 
 6. GlaH window, wire, and skylight 
 
 oae and plaster 
 
 8. Monuments, tombstones, burial vaults 
 
 0. Porcelain goods and ceramie products, not elsewhere specified. . 
 
 12.72. 
 
 Not over 10.00. 
 
 vor 10.00. 
 
 Not over 10.00. 
 
 b-er lO.oo. 
 
 or 10.00. 
 
 Not over 10.00. 
 
 ver 10.00. 
 
 vor lo.oo.
 
 10 
 
 Ayerace Percentages Of Prewar Income to Prewar Invested Capital op 
 General Classes ok Corporations, Grouped as to Trades or Hi-sin 
 as Provided fob in- Section 311 (c) (2), Revenue Act op 1918 Continued. 
 
 MANUFACTURING: TEXTILE INDUSTRIES. 
 
 Subdivisions. 
 
 Average 
 percentage. 
 
 1. Awnings, tents, tarpaulins, etc 
 
 2. Bags and bagging Cotton and burlap 
 
 S. Baiting mill's 
 
 4. Carpets and rugs, including cotton, wool, and grass 
 
 5. Clothing Men's, overcoats, suits, etc 
 
 G. Clothing Ladies' coats, suits, and dresses j 
 
 7. Clothing Miscellaneous, uniforms, furriers, regalia, belts, gar- 
 
 ters, etc 
 
 8. Corsets and brassiers 
 
 9. Cotton converters, dyers, finishers, mercerizers, bleachers, and 
 
 prints 
 
 10. Cotton duck 
 
 11. Cotton goods manufacturing Colored, fancy, gray, brown, 
 
 print cloth, and sheeting 
 
 12. Cotton laces, curtains, quilts, embroideries 
 
 13. Cotton spinning Fine yarns 
 
 14. Cotton spinning Medium and coarse yarns 
 
 15. Dyers of fur 
 
 16. Hats, caps, scarfs and other headwear and neckwear. 
 
 17. Hosiery and knitgoods, including knitted and fabric underwear 
 
 18. Millinery and millinery goods 
 
 19. Rope and cordage 
 
 20. Shirts, collars, and cuffs 
 
 21. Silk Dyeing and finishing 
 
 22. Silk manufacturing Broad 
 
 23. Silk manufacturing Ribbons, woven labels 
 
 24. Silk Spinning 
 
 25. Silk Throwing 
 
 26. Thread, tapes, and braids, cotton and silk 
 
 27. Towels, damask, handkerchiefs (cotton and linen) 
 
 28. Upholstery cloth and trimmings (cotton and wool) 
 
 29. Waste Cotton and wool, linters , and oakum 
 
 30. Wool and worsted Dyeing and finishing 
 
 31 . Wool and worsted Spinning and combing 
 
 32. Wool and worsted weaving 
 
 33. Textile manufacturing, not elsewhere specified 
 
 Per cent. 
 11.88. 
 17.34. 
 
 Not over 10.00. 
 Not over 10.00. 
 Not over 10.00. 
 Not over 10.00. 
 
 Not over 10.00. 
 19.90. 
 
 Not over 10.00. 
 11.90. 
 
 Not over 
 Not over 
 10.17. 
 Not over 
 11.97. 
 Not over 
 Not over 
 Not over 
 Not over 
 Not OA"er 
 12.10. 
 Not over 
 Not over 
 Not over 
 Not over 
 Not over 
 Not OA*er 
 Not over 
 11.89. 
 Not over 
 Not over 
 Not over 
 Not over 
 
 10.00. 
 10.00. 
 
 10.00. 
 
 10.00. 
 10.00. 
 10.00. 
 10.00. 
 10.00. 
 
 10.00. 
 10.00. 
 10.00. 
 10.00. 
 10.00. 
 10.00. 
 10.00. 
 
 10.00. 
 10.00. 
 10.00. 
 10.00. 
 
 MANUFACTURING: SPECIAL MANUFACTURING INDUSTRIES. 
 
 1. Ammunition, explosives and fireworks 
 
 2. Artificial flowers ? 
 
 3. Artificial limbs 
 
 4. Asbestos wares, magnesia, material for insulation 
 
 5. Bedding, mattresses, and undertakers' supplies 
 
 6. Brooms and brushes 
 
 7. Buttons, beads, rosaries 
 
 8. Coke 
 
 9. Combs Bone, ivory, etc 
 
 10. Dairymen's, poultrymen's and apiarist's supplies 
 
 11. Fire extinguishers, including mechanical and chemical appa- 
 
 ratus, automatic sprinklers, fire (rucks 
 
 12. Hair goods 
 
 13. Hand stamps Rubber, metal, etc 
 
 11.28. 
 Not over 
 Not over 
 10.88. 
 Not over 
 Not over 
 Not over 
 Not over 
 Not over 
 Not over 
 
 10.00. 
 10.00. 
 
 10.00. 
 10.00. 
 10.00. 
 10.00. 
 10.00. 
 10.00. 
 
 Not over 10.00. 
 Not over 10.00. 
 Not over 10.00.
 
 11 
 
 Average Percentages op Prewar Income to Prewar Invested Capital op 
 General Classes op Corporations, Grouped as to Trades or Businesses, 
 as Provided for in Section 311 (c) (2), Revenue Act of 1918 Continued. 
 
 MANUFACTURING: SPECIAL MANUFACTURING INDUSTRIES-Continued. 
 
 Subdivisions. 
 
 Average 
 percentage. 
 
 14. House furnishing goods, screen doors and windows, window 
 
 shades 
 
 15. Ice 
 
 16. Jewelry and instrument cases 
 
 17. Models and patterns not including paper patterns), molds 
 
 18. Mucilage and paste 
 
 19. Phonographs and all other musical instruments and parts (not 
 
 including pianos, organs and parts) 
 
 20. Pianos, organs, and parts 
 
 21. Roofing materials otner than metal 
 
 22. Rubber boots, shoes, and clothing 
 
 23. Rubber tires, belting, hose, tubing, including nonmetallic 
 
 conduits -. 
 
 24. Rubber goods not elsewhere specified 
 
 25. Shipbuilding wooden craft of all kinds 
 
 26. Signs and advertising novelties 
 
 27. Small metal specialties 
 
 28. Soda-fountain apparatus, siphons 
 
 _'?'. Sporting and athletic goods (including pleasure boats but not 
 
 yachts;, amusement appliances 
 
 - 1 ationery goods, school supplies, office system supplies 
 
 31. Stencil, d've sinking, seals 
 
 [tobacco.. 
 
 33. Toys, children's tools, and vehicles, including baby carriages, 
 
 carts, games, and Christmas novelties 
 
 34. Umbrellas and canes 
 
 35. Washing machines and clothes wringers 
 
 36. Windmills 
 
 Ipeeia] products not elsewhere specified 
 
 Per cent. 
 Not over 10.00. 
 Not over 10.00. 
 Not over 10.00. 
 Not over 10.00. 
 11.23. 
 
 11.53. 
 
 Not over 10.00. 
 Not over 10.00. 
 Not over 10.00. 
 
 Not over 10.00. 
 
 Not over 10.00. 
 
 10.15. 
 
 14.15. 
 
 Not overlO.CO. 
 
 15.20. 
 
 Not over 10.00. 
 
 10.36. 
 
 Not over 10.00. 
 
 12.87. 
 
 Not over 10.00. 
 Not over 10.00. 
 12.22. 
 
 Not over 10.00. 
 Not over 10.00. 
 
 FINANCIAL: BANKS. INSURANCE COMPANIES, BROKERAGE INSTITU'l i 
 
 1 . Banking International 
 
 2. Banking Private, money lenders, and pawnbrokers 
 
 3 Banking Savings 
 
 1. Banking State and national 
 
 5. Banking Trust companies 
 
 6. Banking and financial operations not elsewhere specified. . . . 
 
 Etd loan associations 
 
 targlar-alarm systems 
 
 lolding companies, incorporated estates, trusts, investment 
 concerns 
 
 10. Insuranco brokers 
 
 1 1 . Insurance Fidelity and surety 
 
 12. Insurance Fire, mutual 
 
 13. Insurance Fire, stock 
 
 L4. Insurance Life, mutual 
 
 15. Insuranco Life, stock 
 
 16. Insurance -Marine 
 
 17. Insurance Casualty, mutual 
 
 18. Insurance -Casualty . stock 
 
 19. Insurance Title and abstract 
 
 20. Insuranco not elsewhere specified 
 
 21. Safe deposit vaults 
 
 22. Stock brokers and dealers in securities on commission 
 
 Not over 
 Not over 
 Not over 
 Not over 
 Not over 
 Not over 
 Not over 
 Not over 
 
 Not over 
 Not over 
 Not over 
 Not over 
 Not over 
 Not over 
 Not over 
 Not over 
 Not over 
 Not over 
 Not over 
 Not over 
 Not over 
 Not over 
 
 10.00. 
 10.00. 
 10.00. 
 10.00. 
 10.00. 
 10.00 
 10.00. 
 10.00. 
 
 10.00. 
 10.00. 
 10.00. 
 10.00. 
 10.00. 
 10.00. 
 10.00. 
 10.00. 
 10.00. 
 
 lii.oo. 
 
 10.00. 
 10.00. 
 10.00. 
 10.00.
 
 12 
 
 AVBKAGE I'riii i.M'.M.l-.s 01 1'ki.wak Income TO pKEWAH INVESTED CAPITAL OP 
 
 General Classes ov Corporations, Grouped as to Trades on Bcsnu 
 as Provides foe in Section 311 (c) (2), Revenue Act op 1918 Continued. 
 
 COMMON ( AKH1KHS AND l'UBLIC UTILITIES. 
 
 Subdivision?. 
 
 Avenge 
 
 percentage. 
 
 1 . Cold storage and ice 
 
 2. *'otton compressors and cotton storage 
 
 S. Gas companies, illuminating and fuel 
 
 4. Grain elevators 
 
 5. Irrigation waterworks 
 
 (i. Light and power, including water and electric. Hydro-electric 
 
 lighting 
 
 7. Market houses public 
 
 8. Railways electric, city, suburban and interurban 
 
 9. Railway express companies 
 
 10. Railways steam 
 
 11. Steamships local, river, lake, coastwise, and ocean lines 
 
 12. Stockyards 
 
 13. Tank-car companies, refrigerator, ventilator, and live-stock cars 
 
 14. Telephone and tolegraph companies 
 
 15. Warehouse and storage, other than cotton storage, wharves, for- 
 
 warding, teaming, stevedoring, local express 
 
 16. Water filtration, distribution for domestic use 
 
 17. Common carriers and public utilities, not elsewhere specified. 
 
 Toll bridge, bridge companies, ferry, turnpike, United Press 
 Association, passenger bus line, canals, etc 
 
 Per cent. 
 
 Not over 10.00. 
 Not over 10.00. 
 Not over 10.00. 
 Not over 10.00. 
 Not over 10.00. 
 
 Not over 
 Not over 
 Not over 
 13.89. 
 Not over 
 Not over 
 Not over 
 Not over 
 Not over 
 
 10.00. 
 10.00. 
 10.00. 
 
 10.00. 
 10.00. 
 10.00. 
 10.00. 
 10.00. 
 
 Not over 10.00. 
 Not over 10.00. 
 
 Not over 10.00. 
 
 TRADING AND MISCELLANEOUS. 
 
 10. 
 II. 
 
 12. 
 
 IS. 
 
 14. 
 l.->. 
 L6. 
 17. 
 
 18. 
 
 19. 
 20. 
 21. 
 
 Brokers freight, grain, merchandise, real estate and ship, pur- 
 chasing and selling agents, manufacturer's agents, exporters 
 and importers (commission only), automobiles, sale of metals 
 
 Garages and livery stables 
 
 Jobbers merchandise, general , and special 
 
 Merchant tailoring, needlework, etc 
 
 Merchants retail 
 
 Merchants wholesale 
 
 Real estate operators and promoters 
 
 Trading concerns not elsewhere specified 
 
 Amusements, theatres, moving picture shows, county fairs, race 
 tracks, and clubs 
 
 Barbers, bathhouses, etc 
 
 ( 'onsulting engineers, appraisers, accountants, adjusters, archi- 
 tects, chemists, assayers, and metallurgists 
 
 Contractors, building construction, street paving, machine in- 
 stallation, etc 
 
 Decorators and interior designing 
 
 Hospitals, sanitariums, etc 
 
 Hotels 
 
 Laundries, dry cleaning, dyeing, etc 
 
 Photographs and art portraits : - 
 
 Restaurants 
 
 Schools, colleges, etc 
 
 Undertakers 
 
 Miscellaneous concerns, not elsewhere specified, including 
 typewriter exchange, typesetting, advertising services, com- 
 mercial agencies, and detective agencies 
 
 Not over 10.00. 
 
 Not over 10.00. 
 
 Not over 10.00. 
 
 17.14. 
 
 Not over 10.00. 
 
 10.45. 
 
 Not over 10.00. 
 
 Not over 10.00. 
 
 Not over 10.00. 
 Not over 10.00. 
 
 Not over 10.00. 
 
 Not over 
 Not over 
 Not over 
 Not over 
 Not over 
 19.66. 
 Not over 
 Not over 
 Not over 
 
 10.00. 
 10.00. 
 10.00. 
 10.00. 
 10.00. 
 
 10.00. 
 10.00. 
 10.00. 
 
 Not over 10.00.
 
 13 
 
 CHART 
 
 Showing the Average Percentages op Net Income to Invested Capital for 
 
 the Prewar Period, and the Number of Industrial Grolts of the Same 
 Class of Business Under Each Median. 
 
 
 Total 
 
 number 
 
 of 
 
 industrial 
 
 sub- 
 divisions. 
 
 Medians or average percentages of net income to invested 
 capital. 
 
 Industry. 
 
 c 
 
 o 
 
 a 
 a 
 a 
 
 
 1 
 
 a 
 
 a 
 
 a 
 
 3 
 
 d 
 
 1" 
 
 a 
 
 > 
 O 
 
 65 
 pj 
 
 o 
 
 a 
 
 
 a 
 
 &5 
 
 CO 
 
 fa 
 
 T3 
 
 3 
 
 e 
 e 
 o 
 
 6? 
 
 hi 
 
 a 
 
 3 
 
 o 
 
 a 
 
 a 
 
 6? 
 
 CO 
 
 Li 
 
 a 
 a 
 
 3 
 -3 
 C 
 c3 
 
 o 
 
 a 
 
 9 
 
 -3 
 3 
 3 
 
 
 
 9 
 
 b 
 
 o 
 T3 
 
 a 
 
 3 
 
 a 
 o 
 
 
 r- 
 
 hi 
 
 a 
 
 a 
 
 3 
 
 3 
 
 t 
 
 h 
 
 V 
 
 a 
 
 a 
 . 1 
 
 Agriculture and dependent pur- 
 
 10 
 17 
 
 a 
 
 17 
 37 
 
 9 
 
 10 
 
 4 
 5 
 
 15 
 
 13 
 
 37 
 9 
 33 
 
 12 
 21 
 
 8 
 15 
 
 22 
 
 16 
 35 
 
 ! 
 
 10 
 
 1 
 5 
 
 13 
 
 10 
 
 27 
 
 B 
 
 25 
 
 12 
 18 
 
 2~ 
 2 
 4 
 
 2 
 
 1 
 
 2 
 2 
 
 i" 
 
 1 
 
 1 
 1 
 
 2 
 1 
 
 1 
 
 :::::. 
 
 1 
 
 
 
 
 
 
 
 
 
 
 
 1 
 
 
 
 Financial: Hanks, insurance com- 
 panies, brokerage institutions. . . 
 Common carriers and public utili- 
 
 
 
 
 
 
 
 L 
 
 1 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 Chcmicai manufacturing and allied 
 
 
 
 1 
 
 
 
 
 
 
 Manufacturing foods and food 
 
 
 
 
 
 
 Leather and leather goods indus- 
 
 
 
 
 
 
 
 
 and beverages 
 
 
 
 1 
 
 
 1 
 
 
 
 
 
 
 
 
 Metal and metallurgical extrac- 
 
 
 i'aper manufacturing, printing, 
 
 bookbinding, publishing 
 
 Special manufacl urtng industries. . 
 
 
 
 
 
 3 
 
 2 
 1 
 1 
 
 1 
 
 1 
 
 1 
 
 
 
 
 
 
 
 
 
 
 
 
 1 
 1 
 
 
 1 
 
 Lumbering and woodworking in- 
 
 
 
 
 
 
 
 1 
 
 
 
 
 
 
 
 
 
 Total 
 
 277 
 
 229 
 
 17 
 
 13 ' 5 
 
 3 
 
 2 
 
 2 
 
 1 
 
 3 
 
 
 2 
 
 o
 
 UC SOUTHERN REGIONAL UBRARY FACILITY 
 
 A A 000 055 769 4