STATE OF BUSINESS: No. 31
Firestone Tire & Rubber Co. last week reported that its sales for 1953 had pushed over the billion dollar level for the first time, thus making it the 31st U.S. company to pass the magic mark and become a member of the "Billion Dollar Club." Firestone's record: $1,029,000,000 worth of rubber goods and plastics sold ($64,000,000 better than 1952), for a net profit of $46,748,971, or $11.77 a share.
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