How great was 1929's gain in corporate earnings over 1928? The answer cannot be given until the last late report is issued, but last week the National City Bank issued a preliminary summary of the first 806 companies to issue statements. Total earnings showed a gain of 12.5%. Big gainers were the amusement companies, up 85.6%, steel and iron up 70.7%, shipping up 67.3%. Losers included the automobile companies, down 10.2%, fertilizers, down 21.1%, and the sugar companies whose loss represented a drop from earnings of $5,376,000 to a deficit of $1,532,000 and...
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