Business & Finance: Earnings

"Just think of it!" crowed President Eugene Gifford Grace of Bethlehem Steel fortnight ago after announcing his company's 1936 profits. "We earned a net of $13,901,000 last year against $4,291,000 in 1935, and started 1937 with $123,690,000 of unfilled orders on our books. We have never faced anything like so good a situation in peace times. Why, we started the extraordinary year of 1929 with only $86,000,000 of unfilled orders on our books."

Even more remarkable than his figures was Mr. Grace's own exuberance. Perhaps to counterbalance the perennial cheer of his colleague,...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

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