Up to last week no improvement in business for 1932 was evident. Much hope was felt throughout the land that easing the banking strain and prompt Ford production might prove to be stim- ulants.
A comprehensive review of 1931 earnings, based on 900 reports, was issued by National City Bank. It found them off 52.9% from 1930, 72% from 1929. Deficits were reported by 39% of the companies. Chain stores, tobacco and shoe companies fared better than in 1930. Total earnings were a return of only 3.3% on net value.
Three important 1931 earning...
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