EARNINGS: Picking the Winners

As the bull market continued to edge up last week, investors kept a sharp eye on the form sheets of second-quarter earnings and hustled to place their money on the winners. Most sparkling performer was Chrysler Corp. President Lester Lum ("Tex") Colbert reported a 20% jump in net to $44 million in the first six months despite a 10% drop in sales (to $1.3 billion). Chrysler's good showing, said the company, resulted from auto-price increases big enough (15% in a year) to overcome higher taxes (up 220%), and higher unit costs caused by restricted auto output (582,984 units v....

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