The Yale expositor., 1918-08-29
cess profits last year were from II 10
400 per cent.
Coal Men Pile Up Wealth.

Coal Men Pile Up Wealth.
The Pennsylvania and West Vir
ginia soft coal mining companies made
enormous excess profits in 1917, ac-
cording to the report. The large COM
panies all made profits In 1916 ranging
from % TO $50 per cent.
In 1917 all Of the large bituminous
operators, the report shows, made un-
usual profits. One mine made 1925
per cent on its capital in 1916 and 4,337
per cent In 1917. Another made 1872
per cent In 1916 and 1888 per cent in
1917.
Profits of the midcOntinent bitumi-
nous operators were smaller. averag-
ing so per cent.
The big oil producing companies OF
Illinois, Indiana. New York, Pennsyl-
vania, Ohio, kentucky, Tennessee, and
West Virginia made from % TO 1896
per cent In 1916 and enormous excess
profits In 1917. The Texas, Oklahoma
and Kansas oil companies showed
similar profits for both years.
All of the garment manufacturers
made gigantic profits In 1916, those for
the larger companies ranging from 20
to IS per cent that year. They showed
excess profits In 1917 of from TO %
per cent.
Small dealers In -four and grain,
with capital stock of from $l,OOO TO
$4,000, made excess profits that ranged
as high as SO per cent. 8,
The report also shows that the small
dealers in furniture and other house
hold goods made enormous profits last
year, with excess profits as high as 300
per cent.
Retail dealers in tobacco made enor-
nous profits off the smokers OF the
country, the highest being 3,l76 per
cent, and the average Approximately
so per cent in 1916. These pronts
were doubled during 1917.
Auto Builders Wax Fat.
Most of the automobile companies
hit high marks in earnings in 1916, but
they went still higher in 1917. The
largest listed, however, did DOT show
any extraordinary increase In profits
over those of 1916. One company with
| S31 100000 capital in 1915 earned ST.
OOO,O 900, then boosted its capital stock
to 500 100000 and then earned $23,-
100000. A $l9,000,O00 concern which
earned S460S000 in 1916 made Sj,2oS,-
600 In 1917. A $16,0O0,000 company
made $4,713,0O0 In 1917, against $4,-
100000 in 1916.
A tin plate mill with $49,00000O cap
ital made $54,000,000 net profit in 1917,
against S19000000 in 1916, or an in
crease of ~ per cent on its capital
| stock.
Transportation, public utilities, and
| light and power companies, with very
few exceptions, Jared exceedingly well
during 1916 and 1917. Their profits
in 1915 generally ranged from 6 to so
per cent on their capital stock, while
they nearly all made excess profits in
1917 of from to 80 per cent. Profits
of the large public utilities companies
in 1916 and 1917 ranged from IL to %
per cent.
Steam and electric railroads in 1916
made from II to POI per cent profits,
while in 1917 they made profits in
excess of 1916 that ranged between 10
and 20 per cent, according to the re-
| port.
Marine, fire, and life insurance con-
Germs enjoyed unusually large In
creases in profits. One company
earned 493 per cent more on its cap
| ital stock in 1917 than in 1916. An
other capitalized at 100000 increased
its income from $324,O00 in 1915 to
| 60 772 600 I'm 1917
How Dry Goods Men Jared.
| A list of 2,092 clothing and dry
goods merchants, including department
stores, showed profits for 1917 in ex-
cess of those over 1916. as high as
1913 per cent on the capital stock.
The concerns making the enormous
profits, however, were the smaller
firms.
Retail grocers and provision brokers
made their enormous "war profits"
in 1916, the report shows. The gro
GERS made only small profit In 1917
in excess OF their 1916 profits. OF the
1888 concerns listed in the report,
however, only dozen show profits Of
less than 20 per cent on their capital
stock in 1916, the year before the Unit
ed States entered the war. and the
profits OF some concerns that year
were as high as 1913 per cent. Most
OF the grocers. both large and small
concerns. the report shows, made av-
erage profits In 1916 of from 80 to 200