In the offices of Moody's Investors Service last week a statistician tabulated the net earnings of the first 744 companies to report for 1930, found profits averaged 23.2% lower than in 1929. The group of
375 industrials dropped 35.9%; railroads, on an 11 months basis, dropped 31.6%. The general average was helped by a comparatively insignificant drop in the earnings of telephone and telegraph companies, a gain in many other utilities.
Last week reports continued to appear, some happily good, some fair, others shockingly bad. A close escape from a loss was Sentry Safety Control...
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