An important business index which has long made gloomy reading showed a sudden turnabout last week. Carloadings (for the week ended Oct. 3) came to 777,837 cars, an increase of 39.808 from the preceding week and the highest of the year. Previous 1931 top was 775.291 for the week ended May 2.
While businessmen hoped this might mark a delayed autumn movement of goods, their main attention last week was devoted to scanning nine-month earnings reports. American Telephone & Telegraph showed $128,465,000 against $123,450,000 in the same period last year. This was the...
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