Since June 30, eight to nine million U. S. stockholders have watched industrial production rise to boom levels, read of a flood of commercial and military orders, wondered what their take would be. Last week they were finding out: the march of third-quarter earnings reports was on. A New York Sun study of the first 59 companies to give an account showed combined profits of $38,306,0002% under the preceding quarter but up 39% from the export-inflated September quarter of 1939. Besides higher profits, most reports showed three main trends: 1) sales at...
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