Word: co
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Dates: during 1950-1959
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...courageous sitter is Chicago Art Patron Mary Block, daughter of the late Adman Albert Lasker, wife of an Inland Steel Co. vice president and director, Leigh Block. Undaunted by such Albright canvases as Into the World There Came a Soul Called Ida, the study of a time-battered prostitute, That Which I Should Have Done I Did Not Do, the portrait of a moldy door, and the flotsam-and-jetsam-cluttered watercolor, Ah God-Herrings, Buoys, the Glittering Sea, Mary Block put her best face forward and hoped. Albright put aside (temporarily) his work in progress of the past twelve...
...most optimistic report came from the biggest company of all: American Telephone & Telegraph Co. "With no letup in activity," announced A.T.& T. President Frederick R. Kappel, the Bell System's second-quarter operating revenues totaled $1.6 billion, with a net income of $208.5 million, both about 10% better than last year and both new records for the quarter. Parent A.T.&.T.'s net alone climbed to a record $167.9 million v. $153.2 million in 1956, might soon be even higher. Said Kappel: "At present, the rate of earnings on the capital invested in the Bell System...
...Records. Standard Oil Co. (N.J.), the world's biggest oil company, was close behind. Despite a drop in demand, Chairman Eugene Holman estimated second-quarter earnings at $188 million, somewhat below the first quarter but still enough to push the company's first-half net to an alltime peak of $425 million, some $33 million better than 1956. On a smaller scale, California's Superior Oil Co. did even better, with nine-month (ending May 31) profits of $15.7 million (equal to $37.20 per share), for a 412% jump over the previous year...
...retail trade, the picture was much the same. Republic Steel Corp., the nation's third biggest producer, estimated a record six-month profit of better than $51.5 million, expects to set new highs all around for 1957 as a whole; Jones & Laughlin Steel Corp. and Lukens Steel Co. both bettered last year's records, Lukens with a 16.2% jump to profits of $2,613,666 for the second quarter. Safeway Stores, Inc. reported a second-quarter profit of $7,390,260, some 33% better -than 1956, while Macy (R.H.) & Co., Inc. predicted sales for its fiscal year ending...
...usual, there were some minuses scattered among the plus signs. The slumping U.S. paper industry, beset by a drop in demand and steadily rising costs, reported uniformly lower earnings. International Paper Co. dipped from $21.4 million in 1956's second quarter to about $16.5 million in the same period this year; Brown Co. and Mead Corp. were down 5% and 10% respectively. Devoe & Raynolds Co., Air Reduction Corp. and Grace (W.R.) & Co. reported that first-half earnings were lower than last year's levels...