Earnings

Exuberant was the way corporations, a year ago, announced their 1926 earnings. This season they have been more sedate in publishing the 1927 figures. A few firms who reported last week were:

Timken Roller Bearing Co. (roller bearings for every type of vehicle on wheels) --$9,500,000. That was the amount named by Vice President William R. Timken. He, four brothers and their father began the company in 1904 with $100,000 capital. Its assets now are $32,000,000.

R. J. Reynolds Tobacco Co. ("Camel, the cigarette that leads by billions")-- $29,080,664. Previous year--$26,249,403.

National Biscuit Co. (Never has shown a deficit in its operations)--$16,277,158. Previous year--$14,674,162.

Armour & Co. (who last week announced that it would sell its stockyards properties as it had in 1920 agreed with the Government to do)--$538,175.--Pre-vious year--$8,148,570. That great difference of almost $7,500,000 developed in spite of Armour & Co.'s doing practically $900,000,000 worth of business last year and $750,000,000 in 1926. It happened because of unusually difficult business conditions in South America.

Western Union Telegraph Co. (an institution whose chief, Newcomb Carlton, identifies it)--$15,059,848. Previous year --$15,205,049.

Julius Kayser & Co. (silk underwear)-- $1.134,566. Previous year--$963,353.

Hart Schaffner and Marx, Chicago (every man knows that women understand style)--$2,244,573. Previous year--$1,-874.191.