Business: Happy Trane

Not to be confused with Chicago's big Crane Co. is prosperous little Trane Co. of La Crosse, Wis. Both sell comfort to the U. S. public, but there the parallel ends. Crane last week reported 1936 profits of $5,600,000 on sales of $78,000,000. Trane was proud to show earnings of $325,000 last year because it topped its previous record (1930) by more than 50%. And that profit was made on sales of only $3,000,000.

Trane was a pioneer in air conditioning and is now beginning to cash in. It has had preferred stock outstanding in...

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