For most of U.S. business, the first three months of 1968 added up to a very full quarter. In a survey of 508 early reporting companies, the Wall Street Journal found combined profits up by 11.1% over the first quarter of 1967. When it weighed in with its own 567-company study last week, the New York Times reported gainers outnumbered losers 422 to 145 as earnings leaped 13% beyond last year's figures.
There were few retreats. Some airlines, among them Pan American, TWA and Eastern, lost money as they battled increased wages and...
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