Business & Finance: Earnings

Shocking as 1931 earnings fresh shocks last week forecast shocks to come. Last fortnight's news that great U. S. Steel had earned 5 cents per share in the first three months 1931, as against $3.44 last year, was keynote. Dividend actions have continued adverse. By April's end, 429 companies had passed their dividend, 251 ordered a reduction. Last year these were 58 and 219, respectively.

Further representative industrial earnings reported last week included:

First Quarter 000's omitted...

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