EARNINGS: Good Beginning

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.

...

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!