Wire Age

Last week's elegant, blue-pamphleted annual report of the American Telephone & Telegraph Co. for 1927 established the fact that this corporation had by far the greatest assets of any company in the world, $4,000,000,000. The U. S. Steel Corporation has assets of about $2,500,000,000. There are seven other U. S. Corporations with assets of $1,000,000,000 or more. They are:

Southern Pacific Railroad

Pennsylvania Railroad

Standard Oil Co. of New Jersey

Union Pacific Railroad

Atchison, Topeka & Santa Fe Railway

General Motors Corporation

Ford Motor Co.

Largest assets do not necessarily involve largest earnings, however. The General Motors Corporation reported for 1927 the largest peacetime earnings in the history of industry, $235,104,826. American Telephone & Telegraph, with larger assets than General Motors, earned $166,000,000 in 1927.