Owning leather companies today is not exactly a Golconda. Central Leather did poorly enough last year; this year has been a very unhappy one to its shareholders.
The latest quarter, ending Sept. 30, showed a net loss from operations of $2,637,267, after reserves for maintenance, repairs and taxes; in the same quarter of 1922, a profit of $1,856,035 was reported.
The cement deficit was, however, still greater, as there were general expenses of $839,840, and bond interest of $459,552. The only plus item on the latest statement was other income at $110,625. The total...
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