Alarm Signal? Business inventories in February, said the Department of Commerce, reached a new high of $42,750,000,000, up 3% from the month before. With a worried frown, the Department noted that only 30% of the $757,000,000 increase was due to a seasonal slack in sales; the rest was caused by growing buyer resistance.
All Clear. Western Union Telegraph Co., in the red so deeply a year ago that some suggested that the Government take over, staged a remarkable comeback. For 1947, it reported $11,000,000 profit—enough to pay a $1-a-share dividend. The reasons: new rates on Government traffic and windfall business...
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