Business & Finance: In General

Memorable, last week, was the sudden, unexpected burst of activity in the steel industry (see below).

Memorable, in a week of mid-year statements, were the sales figures of 36 chain stores; Jan.-June, 1928: $649,661,650; Jan-June, 1927: $554,208,176 (see p. 23).

Memorable was the July 19 balance sheet of the Bancitaly Corp., showing six months' earnings of $35,233,552, more than Bancitaly has ever earned in a full year. Holders of Bancitaly's 5,200,000 outstanding shares may expect, if the same level is maintained until January, that the corporation will have earned $13 on each share, twelve...

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