Earnings: Reminders & Records

With anxious attention now focusing on 1967, early-reporting U.S. corporations are supplying emphatic reminders that 1966, despite a selective year-end slowdown, was the most prosperous year in U.S. history. Items: Bethlehem Steel, in an industry that often seems to roll its profit margins thinner year by year, far outstripped its 3.5% sales increase with a 14% rise in earnings to $171 million. To fatten sales as well, Bethlehem is pushing an invasion of the Midwest with a $500 million expansion of its Burns Harbor plant near Chicago, long a virtual fiefdom of...

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