"Surprisingly good," said many a banker last week after inspecting the reports which told of U. S. Industry's struggle to eke profits out of Depression. Although the first half-year was marked by further profit shrinkage, the general tone of the reports indicated that most companies have the situation in hand, are busy effecting economies which will make profits bigger when business revives.
Seldom have earnings statements caused such excitement as those last week; seldom has such a cross-section of the ups & downs of business been offered. Lacking were the corporate high...
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