Nothing makes happier reading for businessmen than profit figures, and the reading has been very good of late. Last week U.S. corporations continued to report new profit highs. Among them: Litton Industries (up 43% for the fiscal year), Procter & Gamble (up 6% for the year), CBS (up 33% for the first half), I.T. & T. (up 13% for the half) and Ampex (up 6% for the quarter).
So far, 37 industrial firms with annual sales of more than $100 million have set new earnings records for the first half. The 713 manufacturing concerns that New York's First National City...
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