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Newspaper
Winchester Evening Star
Location
Winchester, Virginia, United States of America
Date
Aug 22, 1960
Page
14
American business shows a broad profit squeeze with 1960 figures near late 1959 levels. The AP stock index steadied around 222 as profits hovered, with earlier years showing sharper declines and a steel strike impact. Individual firms and some sectors hint at a gradual rebound though full recovery remains uncertain.
The passage notes profits per sales dollar dropped from 8 cents 10 years ago to about 6 cents today while sales rise since 1956. It contrasts weak early 1958 with an unusually high second quarter in 1959, signaling disappointing totals for business and stock markets and highlighting management challenges in raising profitability.
Mrs. Mary C. Lipton stopped in the street to call police when a big truck blocked traffic. Returning to her car she found a ticket in a loading zone. Police Court Judge Thomas J. Ready dismissed the charge.
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