New York, July 20, Profits of the first 51 companies issue reports in the United for the second quarter of the year showed an increase of 21 per cent., compared with the corresponding period of last year.
Profits for the first six months increased by 25 cent.
The decline in the rate of increase during the second quarter is attributed to the effects of rising costs.
Heavy industries in the second quarter registered the widest gains, while consumer goods industries. notably food manufacturers, showed a smaller increase.—Reuter
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