Business: Earnings Zigzag

More second-quarter-earnings reports last week indicated where business recovery is rapid and where it is slow. It is rapid in some aircraft companies, in machinery makers, rubber and steel. It is slow in base metals and oils, which still suffer from low prices and excess capacity. Both Anaconda Co. and Kennecott Copper Corp., the country's two biggest copper producers, failed to cover their dividends; Kennecott chopped its quarterly payment from $1.50 to $1.

QUARTERLY EARNINGS 1st 2nd (in millions) METALS Aluminium Ltd. $ 5.3 5.1 Anaconda 6.1 4.6 OILS Amerada 5.6 4.3 Getty Oil 7.1 .9 AIRCRAFTS United Aircraft 11.5 10.8...

Want the full story?

Subscribe Now


Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!