Show LARGE PROFITS MADE BY STUDEBAKER CO Ca BE BEND D Ind March 12 Net Net 0 of the Studebaker corporation for 1919 were compared with 3 In 1918 according to the annual report remained I ed After a balance af preferred from dividends 1919 earnings r there r equivalent nt t to 19 per e cent on the 0 lc of common n stock outstanding u at the end of the tho year ag against a balance of ot 10 per percent percent percent cent on in 1916 The TIe company's surplus as of ot December 1919 stood it nl Federal taxes in 1919 were were and in 1918 SEPARATE BALLOTS FOR SIDES |