Business: Earnings: Aug. 9, 1926

The swing of the half year brought many a night-bound bookkeeper to footing vast earnings which were last week made known.

General Motors earned $93,285,674, or $17.33 a share, in six months; could declare a 50% stock dividend and still maintain $7 dividends. William Crapo Durant, deposed G. M. founder, gleaned some $12,000,000 from recent toying with its stock. Its stock passed $200 a share. Thomas Cochran, Morgan partner, was almost incredibly reported to have broken his firm's silence by saying it "should and will" sell 100 points higher.

E. I. du Pont de...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!