Evening star., 1928-08-31
EIGHT FIRMS NOW
IN BILLION CLASS
Seven Have Appeared Since
Close of World War-More
in Prospect.
BY JOHN r. SINCLAIR.


American Newspaper Alliance.
NEW YORK, August 3I.-There we're
no billion-dollar corporations in the
world before the Great War. Only one,
the United States Steel Corporation, ap-
preached this huge figure. Now there
are eight corporations with invested
capital of more than billion dollars
each.
United States Steel Corporation, AM
erican Telephone & Telegraph Co,
Southern Pacific Co, Pennsylvania Rail
road Co, New York Central Railroad
Co. Standard Oil Co. Of New Jersey,
Canadian Pacific Railway Co. and the
Union Pacific are in this class. named
in the order of their financial strength.
other consultations now in process
will bring threeNor four more into the
billion dollar class within the next IL
months. Two of these are the Standard
Gas g. Electric and the Consolidated
Gas Co. of New York.
If we step down one peg and consider
the corporations with invested capital
of from $500 900 900 to $999, 900 900, we
must list at least 81. Corporations IN
this class, in addition to the two mem
toned above, are, in the order OF their
financial strength. Santa Fe Railroad,
Baltimore & Ohio Railroad, General
Motors Corporation, Northern Pacific
Railway Co. Great Northern Railway
Co. Royal Dutch Co., Cities Service Co,
Illinois Central Railroad Co, Bethlehem
Steel Corporation, Standard Oil Co
of New York, Southern Railway Co,
Chicago az Northwestern Railway, Chi
cago. Milwaukee, st. Paul g. Pacific.
Standard Oil Co. of California, Public
Service Corporation of New Jersey, Mis-
souri, Pacific Railroad Co., New York
Telephone Co., and New York, New
Haven g. Hartford Railroad.
II we step down another peg and list
the corporations in the United States
having invested capital Of from $780,
100000 to $499 100000 we find 43.
These are too numerous to list, but
among those of greatest financial i'm
portance are Anaconda Copper Mining
Co., Armour g. Co., General Electric
Co, E. I. du Pont de NemourS, Shell
Union Oil Corporation, Standard Oil
Co. of Indiana, Sinclair Consolidated
Corporation, Chesapeake g. Ohio Rail-
way Co. American Power 81 Light,
Southeastern Power & Light and
such railroads as Chicago. Rock Island
8, Pacific, Louisville g. Nashville, Nor
folk & Western and ST. Louis-San
Francisco.
Go down another peg and consider
the corporations with invested capital
of from 500 100000 to $249 100000. In
this list there are nearly 100 American
corporations Some Of the important
ones in this classification would in
clude youngstown Sheet g. Tube. United
Light e. Power. Northern States Power.
YN-N. ~ TlaYNr ex,l-
vania Electric. International Telephone
g. Telegraph Co, Chrysler Corporation
and Westinghouse Corporation.
Corporations having an invested capi-
tai below 500. 1000 900 are so numerous
as scarcely to be news" any more
No such formidable business struc-
lures were ever built up in the whole
history of civilization.
DR.. c. c. Georgeson. plant wizard
Of Alaska, says the agricultural posi-
bilities OF Alaska country IS times
larger than the State of New York and
Empire-are of far more intrinsic value
than all of its mineral wealth.
The Government of the United States
appropriates $4,000 a year toward
agricultural experiments in that coun-
try. There are AZ native kinds of
grasses grown in Alaska, Is varieties of
wild berries and 270 species of wild
flowers. Cabhages weighing from Is to
20 pounds are not unusual Rasp-
berries grow as large as walnutS.
The International Institute for Cine
photographic Education is new or
ganization created by the League of
Nations to parallel in its particular field
the kind of work the International IN
Stitute of Agriculture has been doing in
the agricultural field.
Its work will be TO compile all i'm
portant data in the motion picture field
1t will concentrate its activities par
ticularly upon the questions of the best
way the motion picture can be used in
the educational development of youth
It's financial support will come from
the League of Nations.
The villa Falconierie. near Rome,
which has been donated for this work
was formerly owned by the Kaiser and
is one of the handsomest villas in the
Alban hills, 1t would be difficult to con-
ceive of a more suitable and artistic
setting for carrying on this important
work
1t was a famous Englishman who,
when asked In the presence of Scotch.
man what oatmeal was. said 1t was
food given TO horses in Great Britain
and to men IN Scotland The Scotch
man replied;
Yes. and England is noted for its
horses, and Scotland for its men,"
Now comes the report that Scotland
is deserting her oatmeal and Is taking
10 widely advertised American break
fast food products
(Copyrtght, 1929 by North American News
PAPER Alliance
BROKERS LOANS REPORT.
BY the Associated Press