Business: Time Clock, Sep. 28, 1953

DESPITE recession talk and scattered layoffs, many industries, such as steel, are headed for one of their most profitable years. Overall corporate profits this year now seem likely to hit near-record peaks, second only to the alltime high in 1950.

HALF of the 54 million families in the U.S. have assets of $500 or more—enough to pay all their debts—and one in ten is worth $25,000 or more. Net worth of the median U.S. family, according to a Federal Reserve Board survey, has climbed $500-$1,000 since 1950, now stands at $4,100.

TEN airlines that fly air coaches will crack down on "no-shows" as...

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