Business: Profits on Comfort

Last week Pullman Inc. reported a third quarter profit of $2,100,000—best figure for any quarter in four years. Pullman lost money last year and the year before but as late as 1930 it rolled up earnings of $16,000,000. Well-buttressed with cash ($36,000,000 at the end of September), with no bonds, no preferred stock, it paid a $3 dividend through the blackest years of Depression.

Pullman is a holding company controlling two distinct organizations. One is The Pullman Co., which has a practical monopoly on railroad...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!