U.S. Business: FALLING RATIOS
Figures below indicate not the price of a stock, but the number of times the price per share exceeds the annual earnings per share. This is called the price-earnings ratio.
At 1961 At 1962 Last Week High High (est.) (est.)
Xerox 122 66 45
Polaroid 115 88
Hewlett-Packard .... 100 62 40
Texas Instruments ... 87 50
IBM 80 64 44
Minneapolis-Honeywell 49 35 26
General Electric 29 27
Goodrich 23 18
American Cyanamid . . 21 16 10
Jones & Laughlin. ... 19 15 10
Ford 15 14 10
Borg-Warner . . .15 12 9
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