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Subscriber Bunbury's letter in TIME, Aug. 2, p. 2, leads me to set at rest any idea that other New Yorkers may share his opinion regarding the reprints of TIME'S Printers' Ink advertisements...
General Motors earned $93,285,674, or $17.33 a share, in six months; could declare a 50% stock dividend and still maintain $7 dividends. William Crapo Durant, deposed G. M. founder, gleaned some $12,000,000 from recent toying with its stock. Its stock passed $200 a share. Thomas Cochran, Morgan partner, was almost incredibly reported to have broken his firm's silence by saying it "should and will" sell 100 points higher...
Gillette Safety Razor, at Boston, daily makes 2,000,000 razor blades to double-edge keenness, machines 75,000 razors to precise balance. Its net income for six months: $6,093,674. Last week directors declared the regular 75c quarterly dividend, graced it with an extra 25c a share...
Bethlehem Steel directors met last week. President Eugene G. Grace told them that the corporation's income the last six months was $11,213,873 ($7,494,707 in 1925) or $4.36 a share on common ($2.93 in 1925), that orders on hand June 30 were $50,010,117 ($59,390,376 Mar. 31; $50,342,813 June 30, 1925), that production was at 72% of capacity (56% last July). Directors made no move to resume Bethlehem common dividends payments...
...scene was enacted exactly as Mr. Galsworthy planned it. Sir Thomas Lipton was the oaken figure at the foot of the table. The tea business, a shareholder hinted, had far outgrown the ability of its founder. It needed, perhaps, a younger man - Sir John Ferguson, director of finance. Another share holder pointed out that the company's overdraft at the bank was ?10,000 in March. He would like to know what it was today...