Word: firsts
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Dates: during 1940-1949
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Though earnings of the family-owned Ford Motor Co. have always been and still are a mystery, some facts about its dividends and ownership came out last week. In a report to Detroit's Probate Court, Clara Ford, widow of Henry the First, reported that the company paid out two dividends amounting to $4.50 a share for the year ending last July...
General Motors Corp., with a profit of $502.4 million in the first nine months of 1949, last week voted to pass out a year-end cash dividend of $187,000,000, biggest in U.S. history...
T.W.A., which has sputtered into one deficit after another since 1946, last week gave its stockholders a pleasant surprise. President Ralph S. Damon reported a profit of $3,931,910 before taxes for the first nine months of 1949, partly owing to the success of T.W.A.'s low-fare coach flights from New York to Chicago, and Kansas City to Los Angeles. With an average load of 80.5% of capacity, the coaches made up much of the revenue lost last winter when short-haul DC-35 sometimes carried only two or three passengers a trip. Explained Damon...
...Cornell-trained ('13) chemical engineer, John got his first good job at 25, running a brass mill to make shell-casings during World War I. In 1931, when New Haven's Winchester Repeating Arms Co. went into receivership, John spotted a chance to supplement the Olin cartridge line by buying one of the world's biggest sporting-firearm plants for $8,000.000. Since he likes to hunt, John has since neatly combined business with pleasure. He holds some 20 basic cartridge patents (e.g., Western Cartridge's "Super X" long-range load for small arms...
...months of digging and other exploratory work will Vanadium Corp. surely know whether the claim is rich enough to mine commercially. And Pratt Segmiller's strike probably is not rich enough to qualify for the $10,000 bonus which the Atomic Energy Commission has offered for the first 20 tons of 20% uranium ore. (Despite thousands of claims, none has yet qualified...