STATE OF BUSINESS: Profits in Hand

Looking on war-boom profits as birds in the bush, U. S. investors have quietly let stock prices sag . They have done so despite the fact that their birds in hand have been good plump partridges. In October and November the list of dividends declared by U. S. corporations has been longer and fatter than for two years. The New York Times last week estimated that by the end of November 1939 common and preferred stock dividends would be at least $86,000,000 above the total of $2,944,774,934 for the same period last...

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