EARNINGS: First Crop

Last week Manhattan's National City Bank predicted that 370 leading U. S. manufacturing corporations' combined net income for 1939 (after taxes and less deficits) would turn out to be around $329,000,000 or twice 1938's $159,000,000. Despite the last quarter steel boom, not everyone thought the two years were that far apart. But by week's end the first big crop of 1939 earnings statements were published, seemed to support National City's figure. Some of the increased profits:

STEEL 1938$...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!