STATE OF BUSINESS: First Quarter

The upsurge in business has put a rosy glow on first-quarter corporate earnings. This was plain last week as some early-bird companies reported. General Tire & Rubber Co. announced that in its first fiscal quarter (from Dec. 1, 1954 through Feb. 28) it made a profit of $2,236,310 on sales of $63,574,233 v. a profit of $1,851,515 on sales of $44,130,274 a year ago. Pittsburgh Coke & Chemical Co., operating at about 85% of capacity in the first quarter v. 50% a year ago, said that its earnings are "much better" than 1954....

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