Business: More Earnings

"I told you so," or some more elegant paraphrase thereof, is what many a U. S. newsreader said last week when he saw the earnings report of the company whose stock fluctuations he had watched during 1927.

General Motors Corp. ("A family of products & people")—$235,104,826, largest peacetime earnings ever reported in the history of industry. (Wartime earnings of U. S. Steel Corp. in 1916 were $333,574,178. G. M. C. earnings for 1926 were $194,645,462.

Pennsylvania Railroad Co. (Broadway Limited)—Reported a record year, earnings of $68,160,296. Previous year: $67,-567,959.

The Mackay Companies ("Telegrams to all America: cables to all the world")—$4,627,417. Previous year: $4,626,171.

Gillette...

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