EARNINGS: Wait & See

Most U.S. businessmen still don't know for sure whether 1943 has been a good year for them. So far it has been—but they know they must wait for the year end to see where they really stand. Well knowing that quarterly comparisons in wartime are almost meaningless, they nevertheless watched quarterly earnings reports last week, looking for clues. The National City Bank's earnings report for 275 big corporations, released last week, showed income after taxes for the first nine months of 1943 up 13% over last year (for the third quarter alone the increase was 7%). Although the nine-month...

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