In the 1924 stockmarket, one of the leading sensations was provided by the astonishing rise in price of U. S. Cast Iron Pipe. At the time, talk of a corner by W. C. Durant abounded. Yet the annual 1924 report of the Company now shows that other than manipulative causes were responsible for the long advance of "Pipe Common." Net profit last year amounted to $6,587,188, compared with $4,062,699 in 1923, $1,583,058 in 1922 and only $629,429 in 1921. Net for 1924 amounted, after 7% preferred dividends, to $43.17 a share on the 120,000...
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