Alexander Legge, president of the International Harvester Co. of America, (farm implements, wagons, tractors, trucks) announced a net profit for 1927 of $23,359,215 (1926 profits amounted to $22,658,891); prophesied that "the company's future in the present 'power farming' era seems secure."
Albert Russel Erskine, president of the Studebaker Corporation, announced earnings of $11,937,861 (a decrease of 8.5% from 1926); sales of 116,740 cars (5,425 more than in 1926).
Andrew G. Pierce, president of the American Woolen Co., contrasted 1927 earnings of $2,598,077 with 1926 losses of $2,103,153; commented, "The company's financial condition continues...
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