Profits: Mixture with a Minus Flavor

As major U. S. corporations reported their results for 1967's second quarter, the profits pudding turned out to be a mixture with a minus flavor.

Though sales were up in many cases, declines spread across a dozen major industries. B. F. Goodrich, crippled by a strike, had one of the worst reports; higher wages plus promotional fares burdened some of the airlines. Setbacks were common in rubber, steel, chemical, building materials, aluminum, railroads, and even electronics.

Some of the significant decreases in profits as compared with the second quarter of 1966:

Goodrich 92%

Budd 65

Owens-Corning Fiberglas 50

Allis-Chalmers 44

Parke-Davis 41.5

Johns-Manville 41

Lukens Steel 40

TWA 36


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