Monday, Feb. 06, 1928
More Earnings
The new leaf in the book of business is not turned over until late January or early February. The previous page must be left in perfect order. Last week certain corporations announced that their 1927 books were neatly balanced, then published their earnings.
Paramount Famous Lasky Corp. ("Pictures of Romance")--$8,050,000. Previous year, $5,600,815.
William Wrigley Jr. & Co. (Spearmint, Doublemint, Juicy Fruit, P. K. chewing gums)--$9,637,575. Previous year $9,-100,170.
Forhan Co. ("For the gums")--$631,204. Previous year, $550,835.
Liggett & Myers Tobacco Co. (ciga-rets: Chesterfield, Fatima, Piedmont; smoking tobacco: Velvet, Granger Rough Cut; chewing tobacco: Star, Horse Shoe) --$18,743,395. Previous year, $17,636,946.
B. F. Goodrich Co. (rubber footwear, tires, mechanical goods, druggists' sun-dries)--$11,700,000. Previous year $5,065,110.
Montgomery Ward & Co., Chicago (everything by mail), reported greatest efficiency in its history, largest volume of business, largest earnings--$13,127,431. Previous year, $8,806,299.
Sears, Roebuck & Co., Chicago (everything by mail), reported greatest efficiency in its history, largest volume of business, largest earnings--$25,022,552. Previous year, $21,908,120.
F. W. Woolworth Co. (everything for a nickel or a dime.)--$35,350,473. Previous year, $28,204,928.
Detroit Edison Co. (electricity for light, toast, dishwashing) announced earnings of $47,379,778 (1926 figure was $44,854,735) and complained: "Taxes continue to be a grief."
Bethlehem Steel Corp. (Second largest U. S. steel corporation)--$15,826,142. Previous year $20,246,167. "Unfortunately the economies in production have not resulted in a corresponding increase in the net income, because the prices of steel products have steadily declined," said President Eugene Gifford Grace.
E. I. du Pont de Nemours & Co. (duPont rayon, chemicals, explosives, toilet-ware, Fabrikoid, etc., etc.)--$41,113,968. Previous year, $37,199,164.
General Cigar Co. (Robert Burns, White Owl, William Penn, Laddies, Van Dyck) --$3,366,136. Previous year, $2,562,812. Adolf Gobel, (sausages)--$408,465. Previous year, $129,984.
Pratt & Lambert, Inc. ("61" floor varnish, "61" lacquer, Vitralite, Effecto)-- $1,325,656. Previous year, $1,339,503.
Endicott-Johnson Corp. (workers' share in the shoe profits) $4,332,685. Previous year, $3,697,878.