Earnings: Jul. 22, 1929

Last week many a corporation turned in its earnings report for first six months of 1929. Earnings were generally higher than in the corresponding period of 1928, indicated continued prosperity. Notable among last week's reports were:

A.T.&T. President Walter Sherman Gifford's potent American Telephone & Telegraph Co. showed net earnings of $80,202,096 compared to $68,671,769 for first six months of 1928. On 13,028,807 outstanding shares, $6.15 was earned. The company has just built a short-wave directional radio telephone transmitting station at Lawrenceville, N. J., and...

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