Evening star. [volume] (Washington, D.C.) 1854-1972, 1928-10-26
EARNINGS REPORTED
BY MANY U. S. FIRMS
Nv the Associated Press.

BY the Associated Press.
NEW YORK, October 26.-Wall Street
has received the good news contained in
favorable earnings reports Of a score
or more American corporations.
They came from General Motors,
which reported that earnings for nine
months not only had established
record for the period but were greater
than for the entire year 1927; z. I. du
Pont de Nemours 81 Co., Bethlehem
Steel Corporation and from numerous
other corporations in a wide variety
Of industries, many reporting earnings
so per cent or more above those OF
similar periods of last year.
President Alfred P. Sloan Of General
Motors announced net earnings for the
first nine months totaling $240,634, 613,
equal after dividends on preferred and
debenture stock to 1892 per share on
common stock, as compared with $685.
| 758, 1902, or SLOTS per share on common
In the first nine months Of 1927.
Du Pont net income for nine months
was $52,278,67e, yielding $1816 per
share on common stock, as compared
with $12.30 per share in the corre-
spending period Of 1927.
President Eugene @. Grace OF the
Bethlehem Steel Corporation reported
net income for the third quarter of
| $4,272,520, against Sass, 1913 In the
second quarter and $2,788,053 in the
third quarter of 1927. equal after divi-
dends and charges to s1.43 per share
on common stock, as compared with
S1.67 for the second quarter and 81
cents per share in the third quarter of
1927. The regular quarterly dividend
of Ia per cent was declared on pre-
ferred stock, but no action on resuInp-
ton of common dividends was an
nounced, nor would President Grace
disclose when or II any was contem-
plated.
Current operations we're said to be
at the rate Of "a per cent of capacity.
new record, and averaged e2.3 per
cent.
President Grace had only optimistic
views of the immediate future Of the
industry, predicting that record ton
mage production would be made for the
month and probably for 1928.
Net operating income of the Southern
Pacific Railroad for the last nine
months was sac, 156,044, an increase Of
s2,57s,963 over the corresponding period
in 1927.
Chicago, st. Paul, Minneapolis &
Omaha Railroad reports net operating
income of $1,473,660 for the first nine
months of the year, against $l,S96,59O
year ago.
Studebaker Corp. Of South Bend, Ind,
earned $6.58 q common share in, first
nine months Of 1928, against $3.50 in
the 1927 period.
Union Carbide & Carbon Corp. earned
$7l6 share In first nine months, COM
pared to 1884 In 1927 period.
Net profit Of Hercules Powder Co. OF
Wilmington, DEL, was $2.820,112 in the
nine months ended September 80,
against $2,S76,306 in corresponding 1927
period.
American Republic Corp. of New
York, holding company for oil and oil
supply concerns, earned 10 cents pre-
ferred share In the last nine months,
against n cents year ago.
Bell Telephone Co. Of Pennsylvania
reports earnings of $45.51 on each 612
per cent preferred in first nine months,
against $37.68 in 1927 period.
Atlas Tack Corp. which operates
plants at Fairhaven, Mass, and st.
Louis, Mo-, ended the first nine months
with profit Of $51 ,205, against a loss
of $24,660 in the same 1927 period.
Universal Products Co.. Inc, in the
first nine months reports net profit of
S806,939, equal to S4.95 q share on 3d.
600 shares. This compares to $222,o07
or sara share in fun year of 1927.
Twin City Rapid Transit Co. of Min
neapolis and subsidiaries reports q de-
cline in net income In the first nine
months from year ago. Net income
for the first three quarters Of 1928 was
$685. against $S3S,o58 in first nine
months 1927.