FIRST HALF DIVIDENDS for the 1,500 U.S. companies listed on the New York Stock Exchange topped the $3 billion mark for the first time in history, 9.6% higher than 1954. Total company dividends for the first six months were 8% better than 1954, totaled $4.6 billion.
MEAT PRICES will probably go up this fall despite mountainous supplies of beef, lamb and pork. Reason: rising labor costs resulting from the 14¢ hourly wage boost given packinghouse workers by four big packers (Wilson, Swift, Armour, Cudahy). If (as seems likely) the 14¢-an-hour increase becomes the pattern for this year's labor contracts, the cost to...
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