1929 Returns, Cont.

Many a corporation last week reported its 1929 results. In almost every case the expectation of big gains over 1928 was justified, leaving stockholders only 1930 over which to worry. Notable statements included:

Cities Service Co. (Controls 30 oil, 60 public utility companies): $29,591,000 in 1929 as against $22,876,755 in 1928.

Freeport Texas Co. (Controls with Texas Gulf Sulphur Co. three-fourths of world sulphur supply): $4,085,000 as against $3,275,000.

Indiana Limestone Co. (To whose Board went Col. Robert W. Stewart after his ousting from Standard Oil of Indiana): $10,000 as against $430,000.

National Biscuit Co. ("Nabisco," "Triscuits," "Uneeda," "Shredded Wheat"): $21,423,000 as against $17,883,000.

Neet, Inc. ("You simply spread it on where hair is to be removed"): $368,000 as against $174,000.

R. J. Reynolds Tobacco Co. ("Camels," "Brown's Mule" "Prince Albert"--largest earning U. S. tobacco company): $32,210,000 as against $30,172,000.

Standard Oil of Kansas (Recently entered production business through purchase of Tulsa Oil Co.): $1,512,912 as against $292,228.

Naumkeag Steam Cotton Co. ("Pequot" sheets, pillow cases): $545,000 as against $386,000.

De Havilland Aircraft Co., Ltd. ("Gipsy Moth," "Tiger Moth," "Hawk Moth"): $238,000 as against $95,000.

United Fruit Co. (Merging with Cuyamel Fruit): "$17,802,000 as against $20,606,000.

United Corp. (Owns over four million 4. shares of United Gas Improvement Co., 956,000 of Public Service of N. J.): $8,296,000 net during first year of operation. Assets: $323,307,000 as against $150,000,000 at time of formation.

Electric Auto-Lite Co. (1930 contract for all Ford generators): $11,500,000 (estimated) as against $7,788,000.

Paramount Famous Lasky Corp. ("Don't wonder at the tremendous grosses the Paramount Exhibitor is piling up. He's not pulling 1929 pictures out of the icebox and hoping they'll eat 'em up; he's giving them 1930 Paramount hits right off the fire and they're flocking to the feast" [advertisement in Jan. 8 Variety] ) : $15,500,000 (estimated) as against $8,713,000.

Warner Brothers' Pictures, inc. (Said to control 25% of total U. S. production, 15% of which is accounted for by Vitagraph Inc., wholly owned subsidiary): $17,271,000 as against $2,044,000.

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