Up, But . . . U.S. corporate profits were not too big, said the National City Bank of New York, after a survey of 3,102 corporations representing about 45% of the total U.S. corporate net worth. The companies had netted profits of $9,228,038,000 (37% more than in 1946), for an average return of 12.2% on net worth v. 9.5% in 1946. But. profit margins on manufacturers' sales, although up from last year, said the bank, were narrower than margins in "other years of active business."
Down. U.S. exports dropped in February for the fourth successive month. The U.S. shipped $1,086,400,000...
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