EARNINGS: A Quarter Apiece

The C.I.O., which has frequently demanded a look at a company’s balance sheet, last week for the first time disclosed its own, as required by the Taft-Hartley Act. In the C.I.O. News, the union said that on Sept. 30 it had a net worth of $1,480,313, “about 25¢ for each C.I.O. union member” in the U.S. On this basis, C.I.O. membership was 5,900,000. The union listed its year’s income at $3,040,390, and expenditures at $2,883,215. It set forth that its net worth had increased $157,175 since the previous year.