Business & Finance: United Corp.

Reporting for the first half year of 1930 United Corp., Bonbright-Morgan utility holding company, showed for the period a net profit of $4,107,453. About $3,000,000 resulted from dividends on stocks held and about $1,000,000 from sale of securities. A pleasing aspect of such a holding company as United Corp. is the fact that its operating expenses are virtually negligible, since it has no product to manufacture and no plant to run. Thus United Corp.'s expenses during the six months period amounted to $154,679. For the entire year the company expects to receive...

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