The people's voice. [volume] (Helena, Mont.) 1939-1969, 1940-11-20
Profits Piling-
CONTINUED from Page one)


from its controlling interest in GIN
this quarter.
Though the labor board has found
this company guilty of violating the
Wagner Act, it has landed to date
nearly two hundred million dollars
in defense contracts, involving orders
not only for trucks and tractors, but
for machine guns and ammunition
components as well. Now Commits
sioner Knudsen has told the automo-
bile industry it must be ready to fill
$500, 100000 worth of orders for plane
parts by next spring, to help build a
fleet of 10000 bombers. General Mo-
tors will undoubtedly get a big slice
out of this.
Douglas Aircraft, leader in the So
called infant industry which expects
to gain enormously from the war
boom, showed $7,288,000, or $12.15 per
common share for nine months ending
August 81, 1910. In the same 1899
period it earned S2,383,000 or 1897 per
common share. Earnings were $3.50
Il Sudl z lOl I'LL &C ihOItllo Clldill6 AuS-
ust 1910, compared to $164 in 1889.
To date, $179,780,0OO in government
contracts.
Atlas Powder, to take random ex-
ample from the industry most notori-
Gus for making profits out of war has
just declared So dividend on COM
mon stock, bringing total dividend
payments for 1910 to s4.25 a share
compared to SO in 1889.
In addition to orders, has been
granted $14,215,000 by the U. s., to
construct an ammunition loading
plant in Ohio.
E. l. dupont deNemours, to take the
notorious industry's most notorious
example showed $21,074,000 for the
third quarter in 1910, compared to
1922, 900, 900 in 1889. DUPONT quarterly
report emphasized this decline, blam-
ing it on taxes, but actually it's net
income for nine months increased
from $62,700,000 last year to $67,900,-
900 or $3.50 per common share in
1910, compared with $5.19 in 1889.
And operating income, which shows
how busy DUPONT factories have been,
rose from $47,000,0OO to $68,O0O,0O0 for
nine months or 1870.
In spite of its motto, Better Things
for Better Living - Through Chem
icals," DUPONT is still leading NUM-
lions maker; though its defense or
ders include $4,000 for Army tooth
brushes, most are for arms, ammuni-
ton and TINT. 1t also has a S26,000,-
900 government grant for plant expan-
sion, and $6,7O0,000 to operate gov
TINT and DNT plant on
cost plus fixed fee basis.
U. S. Steel, Morgan controlled,
whose board chairman was E. R. Stet- |
tinius till he became co-ordinator
among all the companies involved in /
defense production, showed $50, 103,-
]67 for the three months ending Sep |
.ember 80, 1910. compared to $1O,42O,-
i45 for the same 1899 period, or 1907 |
Der common share, instead of 47c last |
year. u. S. Steel has just declared
/ 81 dividend on its common for the
bird time this year.
Being the largest steel producer in
he nation, U. S. Steel is as much the
backbone of the defense boom as any
single concern. 1t is running at near
y 1009o of capacity filling orders for
manufacturing defense
equipment. 1t is also supplying Brit
sh and Canadian orders and will soon
,e making shell forgings, ammunition
ETC., directly for the U. S.
government.
Bethlehem Steel, worst Wagner act
-iolator among all the companies in
-olved in defense production showed
34,160,000 for the first nine months
# 1910 compared with 11,609, 900 the
equivalent period in 1889. SIS in divi-
lends on each share of common was
,aid out this year compared with $3.50
n 1889. Third quarterly earnings
ose from s5.37 (s1.1O a share) in
939, to s11,766,000 ($3.07 a share) in
$40
AS of September 80, Bethlehem's
], 123,O81, $50 backlog of untitled or
ers was four times the backlog re-
orted last June 80. Pres. Eugene |
race attributes this almost entirely !
D the two ocean Navy program and
other national defense requirements"
ethlehem holds about 300 of all
law contracts awarded to private
oncerns,, and 201 of all orders for
le naval building program. In addi-