Helped by defense orders, U.S.
manufacturers' sales reached a record $53,100,000,000 in the first
three months of this year, SEC and the Federal Trade Commission
reported last week. Since costs rose faster than sales, profits dropped
to $3,300,000,000, or 8% below igso's last quarter. But they were still
36% higher than in 1950's first quarter.
To continue reading:
Want the full story?
Get TIME the way you want it
Week Digital Pass — $4.99
Pay-As-You-Go DIGITAL ACCESS — $2.99
Year ALL ACCESS — Just $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!