U.S. industry tumbled out a flood of year-end reports last week. From smeary ticker-tape bulletins to four-colored brochures, the news was golden. Despite the squeeze of taxes and rising costs, overall profits for U.S. industry in 1943 were slightly better even than richly profitable 1942.
Standard & Poor's totted up the profits of 206 representative companies, found they had edged up not quite 5%. The New York Sun rang up the net incomes of 215 companies, found they were up a bare 2%. With U.S. production up a solid 17% during the year,...
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