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...Treasury report the old fact of the Post Office's $52,000,000 deficit. Explanation of the Farley surplus, he showed, lay in the vague and inconspicuous phrase about "adjustments" for "certain subventions and free mailing services." That covered Post Office expenditures of $64,000,000???the cost of ocean and air mail subsidies, the estimated cost of carrying free government mail. To create his surplus the Postmaster General had simply lifted this item off the debit side of his ledger...
Last week Pullman Inc. reported a third quarter profit of $2,100,000???best figure for any quarter in four years. Pullman lost money last year and the year before but as late as 1930 it rolled up earnings of $16,000,000. Well-buttressed with cash ($36,000,000 at the end of September), with no bonds, no preferred stock, it paid a $3 dividend through the blackest years of Depression...
Item: National City Bank reported that in the third quarter of last year 165 big U. S. corporations earned $117,000,000; in the Green Bay quarter, $87,000,000???a decline of 25%. But in the first nine months of this year those same corporations made $301,000,000 as against $175,000,000 in the first three quarters...
...burdensome contracts were an old story to its brokers. Month after month the New York Stock Exchange has dragged through one dreary day after another. A million-share session makes front-page news. With many a membership pressing for sale, Stock Exchange seats last week sold down to $70,000???only $2,000 above...
...South Bend trial could hardly be described in terms of two venerable soapmakers ganging a struggling competitor. The assets of Britain's Lever Brothers Ltd. are $175.000,000 larger than the assets of P. & G. and Colgate combined. Its profits last year footed up to £6,200,000???about $31,000,000. Lever's properties are so far flung that at the annual meeting last April the chairman had a map of the world on the wall behind him with Lever plants ?and plantations?picked out with tiny colored electric bulbs. When the chairman pushed one button, green...