When was it published?

May 27, 1883 in The Cheyenne Daily Leader

Foreign News May 27, 1883

The Cheyenne Daily Leader

Q: What keywords are associated?

Figaro Newspaper, France Finances, 1882 Balance Sheet, Newspaper Profits, Shareholder Dividends

Cheyenne, Laramie County, Wyoming

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What is this article about?

The French newspaper Figaro's 1882 balance sheet showed receipts of $1,201,731 (mostly from circulation and advertising), expenses of $680,200, yielding nearly 40% profit. Profits distributed to managers and shareholders, including laundresses and servant girls, with a $5.42 per share dividend.

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OCR Quality

98% Excellent

Full Text

A Prosperous French Newspaper. San Francisco Chronicle. Figaro's balance sheet for 1882 shows a remarkable prosperity of that strange journal in France. The receipts from all sources were $1,201,731, of which nearly $900,000 came from circulation alone, and $294,342 from advertising. The expenses were only $680,200, leaving nearly 40 per cent. profit. Among the expenses are: Composition, $32,255; printing and paper, $306,000; editorial salaries, $107,500. Out of the profits the managers and others received $341,000, leaving about $168,000, of which one-half was paid in a special dividend to the shareholders, at the rate of $5.42 per share. The capital of this paper is largely contributed by laundresses and servant girls, and they have grounds to feel proud of the paper which they have helped to create.

What sub-type of article is it?

Economic

What keywords are associated?

Figaro Newspaper France Finances 1882 Balance Sheet Newspaper Profits Shareholder Dividends

Where did it happen?

France

Foreign News Details

Primary Location

France

Event Date

1882

Outcome

receipts $1,201,731; expenses $680,200; 40% profit; $341,000 to managers; $168,000 remaining, half as $5.42 per share dividend to shareholders

Event Details

Figaro's balance sheet for 1882: receipts from all sources $1,201,731 ($900,000 from circulation, $294,342 from advertising); expenses $680,200 (composition $32,255, printing and paper $306,000, editorial salaries $107,500); profits distributed with $341,000 to managers and others, leaving $168,000, half paid as special dividend to shareholders at $5.42 per share. Capital contributed largely by laundresses and servant girls.