EARNINGS: Better & Better

"We simply have had a ready market for our products, and we've turned out the goods." Thus, Lone Star Steel Co. President Eugene B. Germany explained last week how his company had netted profits of $4.8 million in the first half of the year, more than it had earned all last year. In the same way scores of other companies found a ready market, turned out the goods—and reported record first-half or second-quarter profits last week. As a result, the Department of Commerce estimated that cash dividends paid in the first six months neared $5.4 billion —16% ahead of...

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