AMERICAN INTERNAL TRADE DECLINE
The National City Bank of Xew York reviews the results_ for 1932 of 840 manufacturing and trading corporations .having a net worth of approximately 16,059,000,000 dollars. Total profits of 430,000,000 dollars were reported by 43 per cent, of the companies, concentrated largely in the food ]>roducts, tobacco,, chemicai, and chain store lines, though with a , scattering among other' groups. Deficits totalling 435,000,000 dollars were reported by 57 per cent, of the companies, particularly those in the steel andibther heavy industries. The net result was- a deficit balance of 15,000,000 dollars, which compares with a net profit for the same group in 1931 of «59,000,000 ■ dollars, in which year there were profits'by 61 per cent, of the comjjanies totalling 507,000,000 dollars and deficits by 39 per cent, totalling 648,000,000 dollars. .
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Bibliographic details
Evening Post, Volume CXV, Issue 103, 4 May 1933, Page 14
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133AMERICAN INTERNAL TRADE DECLINE Evening Post, Volume CXV, Issue 103, 4 May 1933, Page 14
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