Business & Finance: Good News

Among the items which helped the stockmarket to new Recovery highs last week were these:

¶ Issuing its annual profit & loss statement for the U. S. as a whole, the Department of Commerce reported that in 1935 the country earned $52,900,000,000, paid out $53,500,000,000. That indicated that the U. S. had dipped into surplus for $600,000,000, lowest figure since 1932, when $48,300,000,000 was paid out, only $39,500,000,000 produced. In 1929 the U. S. produced $2,400,000,000 more than the $78,600,000,000 paid out.

¶ Standard Oil of New Jersey awarded contracts for eight new...

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