Business: Steady Rise in Earnings

Corporate profits are on a steady rise almost across the board, so the first earnings reports for the quarter ending in December showed last week.

International Business Machines' quarterly earnings of $2.40 a share (v. last year's $1.91) hiked the company's 1959 total to a record $7.97 a share. General Foods Corp., the nation's largest food processor, rose 17.3% to set a new quarterly record of $1.12 a share v. 95ยข a share last year. Bulova Watch Co. ticked its way to an impressive 69% hike for the first nine months, largely on the strength of higher earnings in its third...

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