Mirror Of Business Growth For Small Firms
SAM DAWSON reports that small and medium sized American firms continue rapid postwar expansion. The National City Bank of New York notes that while corporate giants show strong growth, many smaller businesses are growing even faster and often evolve into larger enterprises. Large company prosperity remains linked to the health of its suppliers and distributors.
MENTIONED IN THIS ARTICLE
Sam Dawson
NEW York
National City Bank of New York
Bank Study Traces Growth of 292 Prewar Companies
The analysis shows 292 firms pre-1945 grew from total sales of about $1.8 billion in 1945 to $2.7 billion by 1949, with the smallest group increasing 94 percent. Treasury data reveal most manufacturing firms were young, with over half under 16 years old by end of 1945, and new incorporations rising into 1950.
MENTIONED IN THIS ARTICLE
Treasury Department
Dun & Bradstreet
Bridge Luncheon Menu Highlights Lobster Salad and Cake
A bridge luncheon features lobster salad in frozen or canned form paired with potato chips. Boston cream cake with chocolate frosting serves as dessert.
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