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Profit Prospects Perk Up Hopes
New York AP reports improving profit prospects lifting stock traders hopes as firms curb rising costs with modernization and cost cuts. First quarter 1963 results hint continued gains from 1962 record after tax profits of over 51 billion and rising manufacturing profits amid strong demand. Top companies like AT&T Firestone General Tire International Harvester Chesapeake & Ohio Illinois Central Korvette Corning Glass Avco Carrier Fedders Dresser Kroger report early gains. government 1962 manufacturing profits reach 17.7 billion on record sales of 389.4 billion. The market watches first quarter reports and upcoming annual meetings for further guidance.
MENTIONED IN THIS ARTICLE
New York
American Telephone & Telegraph
Firestone
General Tire
International Harvester
Chesapeake & Ohio
Illinois Central
Korvette
Corning Gass
Avco
Carrier
Fedders
Dresser Industries
Kroger