Business: Earnings: Better Than '55

As industry released the first batch of 1956 first-quarter earnings reports last week, it was apparent that, for the first three months, 1956 looked better even than record-breaking 1955. Steel led the field. Pittsburgh Steel turned in a $2,469,-624 net, 171% ahead of the same period last year, and Allegheny Ludlum earned $4,572,608, a handsome 92% better. Lukens Steel reported a 370% profit hike to $1,361,641, and President Charles Lukens Huston Jr. predicted that 1956 would bring the best sales and earnings in the company's 146-year history.

Containers were bursting with good news: a...