Time Clock, Jan. 13, 1958

HIGH DIVIDENDS are in sight for 1958, will probably match last year's record, predicts Standard & Poor's. For the year, it expects a "moderate" drop in after-tax profits from the $20.5 billion estimated for 1957. But S. & P. also figures that many U.S. companies will now be able to give a bigger share of their profits to stockholders because they will have less inventory and expansion costs.

STRIPPED-DOWN MERCURY, to be named the Medalist, will be brought out by Ford Motor Co. this month to buck increasing sales competition from fancier models of...

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