Word: first-half
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High-Quality Profits. For Wall Street, the best news is the remarkable rise in corporate profits. Last week record first-half highs were reported by such giants as Du Pont, Socony Mobil, Standard Brands and Ford. Though the rate of increase is likely to be somewhat less spectacular in the second half, Washington policymakers figure that the gains already have been so great that the Government's official estimate of $61 billion in corporate profits for 1965 will probably be exceeded. Investors are reaping the benefits; in this year's first six months, cash dividend payments increased...
...game was the first of a triple-header at Philadelphia's Palestra. In the second contest, fourth-ranked Providence handed West Virginia a 91-67 shellacking. The Friars, who have been beaten only once this year, rolled up a 20-point first-half lead and coasted...
...with 16 minutes remaining in the game, the Crimson held a tenuous one-point lead. The Eagles' first-half shooting had been poor, and Harvard's collapsing zone defense had kept even B.C.'s All-America candidate John Austin in check...
...TIME'S figures for Union Carbide and Monsanto were for the first-half 1963 sales rather than the whole year...
...billion insurance industry is prospering, most property-casualty companies are losing money on their insurance operations. Several major companies have recently reported losses or decreases in earnings, and last week Chicago's Continental Casualty Co., one of the industry's giants, announced that its first-half underwriting losses reached $17.6 million. Continental admitted that its small net profit of $372,000 had been made possible only because of an increase in income from its investments...