Business: Earnings

By last week, corporate reports for 1930 were sufficiently plentiful to give a fairly comprehensive idea of what kind of year 1930 really was. Most results were below previous estimates because of a shockingly bad fourth quarter. Railroads, as expected, suffered heavily. The first 67 roads to report had a net operating income in December of $39,591,000 against $56,709,000 in December 1929—a drop of 30.1%. With an increase in net income of 11.5% for the year Bangor & Aroostock ("The Potato Road") stood alone. Utilities in general showed the effects of depression....

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