Word: bonanzas
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Dates: during 1940-1949
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...Behn also reported another war-induced I. T. & T. bonanza: a mounting supply of U.S. dollar exchange building up in Latin America. Brazil and Chile, fat with dollars after many lean years, poured $1,425,494 of deferred debts into I.T.& T.'s coffers last year. Last week Sosthenes Behn was in Rio, preparing to back the new trend with more I. T. & T. millions for a skyscraper office building and a big new telephone factory. And in the Argentine, where the company controls 80% of the nation's telephone business, another new factory is almost completed...
Past with a Present. Some $14 billion in war contracts are surging around in New England, thrusting the old land into one wave of prosperity after another. In the nationwide spread of the war bonanza, other regions may make more noise: the colossal doings of California's giant air plants have been trumpeted in Hollywood style; Detroit's auto manufacturers have four-colored their achievements; the war prosperity of the New South is an old story. But New England has done its mighty bit with hardly a buglenote or breastbeat...
...drillers had brought in the gun perforator to shoot 60 half-inch cartridges through the heavy steel casing. They were testing the famed Wilcox sand that, at a much shallower level (from 5,000-6,000 ft.), had turned the great Oklahoma City Field into a bonanza 15 years before...
Backyard Lode. Even Wall Street had a bonanza: the Exchange's biggest firm, Merrill Lynch, Pierce, Fenner & Beane struck gold in its own backyard. From a modest net of $147,000 in 1942, when it was desperately stripping ship to sail out of the market doldrums, Merrill Lynch kited its profits 33 times to $4,854,000. To do that, Merrill Lynch had to buy & sell $3,000,000,000 in securities and commodity contracts. The profits will not be long in pocket. Taxes, which are not computed in the net-Merrill Lynch is a partnership and taxes...
...Department of Commerce reported, on a volume basis the $55.6 billion of retail business done in 1941 still represents the high-water mark. (In 1941 the cost of living was 18.3% below the 1943 average.) Based on what 1935-39 dollars would buy now, last year's retail bonanza was only 23.2% higher than the 1935-39 average...