Major activity of the U. S. is business, and major objective of business is profits.
Therefore, even though businessmen were more interested in 1940's prospects than in 1938's results, the earnings reports for 1939, coming thick & fast last week, made news.
Goodyear Tire & Rubber Co., No. 1 world tire producer, which amazed the public and enraged its competitors last November by cutting its tire prices in the face of rising rubber prices, reported $9,838,797 net for 1939, 63% better than 1938.
Biggest railroad profit in the land was Pennsylvania Railroad's,...