EARNINGS: Springtime

In 1950’s second quarter, the 22 major U.S. manufacturing industries earned $3.2 billion after taxes, 34% more than in the previous quarter and 59% more than in the same period in 1949, the SEC reported last week. Largest increases were in such housing boom products as furniture and fixtures, lumber and wood, stone, clay and glass, and in cars and auto parts. Only decreases: printing and publishing, clothes and finished textiles, textile mill products.