Earnings

In the offices of Moody's Investors Service last week a statistician tabulated the net earnings of the first 744 companies to report for 1930, found profits averaged 23.2% lower than in 1929. The group of

375 industrials dropped 35.9%; railroads, on an 11 months basis, dropped 31.6%. The general average was helped by a comparatively insignificant drop in the earnings of telephone and telegraph companies, a gain in many other utilities.

Last week reports continued to appear, some happily good, some fair, others shockingly bad. A close escape from a loss was Sentry Safety Control (cinema equipment) with a net profit of $14. Typical earnings included:

1929 1930 000's omitted

American Bank Note 3,380 2,243 American Commercial Alcohol 1,395 56 American & Foreign Power* 22,310 26,002 American-Hawaiian Steamship 1,187 285 American Locomotive 6,851 3,778 American Thermos Bottle 323 201 Baldwin Locomotive Works 2,300 3,036 Bon Ami 1,455 1,356 Century Ribbon Mills 27D 172D Chrysler Corp 21,902 234 Consolidated Cigar 3,314 2,372 Cream of Wheat 1,882 1,868 Drug 17,013 21,123 Gabriel 618D 98D General Bronze 1,128 969D General Printing Ink 1,378 850 Hayes Body 245D 852D Houston Oil 1,731 1,655 Lehigh Valley Coal 1,190 714 Marshall Field 9,218 4.724 Mathieson Alkali 2,324 2,096 National Lead 10,560 4,675 National Power & Light 13,557 12,630 New York Central 77,428 35,981 P. Lorillard 1,336 3,614 Phoenix Hosiery 324 360D Pierce-Arrow 2,566 1,317 Public Service of New Jersey 29,544 30,163 St. Joseph Lead 9,730 4,076 Texas Gulf Sulphur 16,247 13,972 United Verde Extension 2,988 1,513D Western Dairy Products 1,401 1,124 D = Deficit. *Twelve months ending September.

This file is automatically generated by a robot program, so reader's discretion is required.