At first glance, the casket business would seem depression-proof. Yet a shrewd investor would realize that since the price range of caskets swings from less than $100 to many thousands, bad years will result in smaller gross sales, smaller profits. When last week National Casket Co. reported profits of $925,000 for the year ended June 30 against $1,518,000 in the previous year, President Philip B. Heinz commented on this fact. But he also suggested an economic relationship which would occur only to the hypersuspicious investor. "Nature would also seem to play some...
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