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Oil firms and grocers miss feast of profits
New York reports a third quarter profit up about 15 percent overall, with most firms rising. Oil companies and supermarket chains were conspicuously absent from the gains as low gasoline prices and aggressive price competition trimmed profits for Standard Oil of New Jersey, Getty, and supermarket groups amid a broader rebound in steel, nonferrous metals, building materials, and paper.
MENTIONED IN THIS ARTICLE
New, York
Advemtisen
Ronald Cooper
W. B. Hutton & Co
Standard Oil
New Jer
Republican Steel
National Steel
Steel