By last week many a corporation had reported its earnings for 1940's first six months. The reports made cheerful reading. In the grand dance of the current boom there have been few big-asset, big-name wallflowers:

> Most cheering was the news from the capital goods industries, most of which were spectres at the ill-fated 1936 feast. According to a New York Times computation, earnings of 95 durable goods companies were up 317% over the first six months of 1939. They were down 3.1% from 1939's export-boomed second half, but only because of...

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