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Show Penney Co. Shows Increase The J. C. Penney Company reports re-ports net earnings for the six months ending June 30, 1933, after deductions for Federal Taxes, but before Preferred Stock Dividend requirements re-quirements of $3,448,519.29 according accord-ing to Mr. M. L. Baird, local manager. man-ager. . This compares with Net Earnings Earn-ings for the same period of last year from all sources, of $2,603,257.-48. $2,603,257.-48. Gross Sales of J. C. Penney Company Com-pany for the first six months of the year were, reported at $71,029,-692.16 $71,029,-692.16 compared with Gross Sales for the same period of last year of $69,280,242.21. Commenting on these statements, Earl C. Sams, President of the J. C. Penney Company said: We believe that these figures reflect re-flect a most satisfactory operation and the sound position of our Company. Com-pany. It is distinctly encouraging after the experience of the last three years to report for the first six months of 1933 an increase to sales volume, even though slight over the corresponding period or 1932. The up-tread in business has been marked for the last three months and we are anticipating a continued favorable showing for the balance of the year. rv- ' |