The first third-quarter earnings came out from U.S. business last week, and put another rosy bloom on the boom.
With telephone service in the greatest demand since World War II, giant American Telephone and Telegraph and its subsidiaries reported record sales of $1.3 billion, earnings of $169 million for its third quarter of 1955, both well above 1954. International Business Machines Corp. announced alltime high earnings of $38 million for the first three quarters of the year, up 14.5% over last year. R. H. Macy & Co. posted still a third record: the highest volume in history for fiscal...
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