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Show Profits Highest on Record Substantially full employment has been achieved in the United Stales, declares John L. Steel-man, Steel-man, Reconversion Director, who points out that record profits have been ma te for any year of peace. Mr. Steelman points out that nearly 2."), 000 new businesses were established in the last half of 1915 and says that there is reason to expect the creation of new concerns to continue at a high rate. Aside from the heavy industries, affected by the loss of war contracts and reconversion, reconver-sion, the rest of the country has made profits after taxes that are at "the bluest levels on record." It is interesting to note that the Reconversion Director reports the yearly production rate of goods and services for civilian use has increased more than 30,-000,000,000 30,-000,000,000 since V-J Day and i that total income payments to (individuals equal or exceed the I war peak of $103,000,000,000. This is sixly per cent over the oeace-. oeace-. time peak of $100,000,000,000 in I the fourth quarter of 1941. |