Word: fourth
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Dates: during 1950-1959
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...came a batch of earnings reports last week for the fourth quarter of 1957, the first quarter of the dip. The trend in most cases was downward, but like the economy itself, the reports added up to a mixture of good and bad. Even in cases where fourth-quarter earnings fell, the fall was often not great enough to prevent the company from totting up record earnings for the year...
...hard-hit steel industry, operating at only 55-4% of capacity, was down from the record quarter a year ago when it was still making up for strike losses in output. U.S. Steel, while running up record profits for the year, noted a fourth-quarter drop in earnings to $1.56 per share from $1.83 the year before. Republic Steel's net fell in the last quarter to 77? a share from $2.22 a year earlier, though the company turned its best earnings year since 1955. On the other hand, Bethlehem Steel rang up record yearly earnings, partly...
Down & Up. Other industries presented an equally mixed picture. Copper was hard hit (see Industry). Southern Pacific Railway nudged its net up for the year with the help of a fourth-quarter rise in the oil industry, a 32% cut in Jersey Standard's fourth-quarter net (to 71?, v. $1.04 a year earlier) gave the world's biggest oil company its first yearly earnings dip in five years. Healthy fourth-quarter gains were run up by International Business Machines ($2.17, v. $1.86 in 1956), which had a record profit year, and Westinghouse Electric Corp. ($1.11, excluding...
...many other nations. Britain is going ahead under a nationalized program to build the actual power plants. It has been operating its Calder Hall plant, half again as big as Shippingport, for more than a year, is building three more with better than 200,000 kw. and a fourth with 500,000 kw., v. only 180,000 kw. for the biggest U.S. plant...
...came into the U.S. by way of Canada. There, in 1950, it set up a production company, and in 1953 established Canadian Petrofina, which rapidly ran its assets up to more than $150 million, fully integrated from undeveloped leases to new gas stations (TIME, July 9, 1956), moved into fourth place (behind Imperial, British American and Shell) among Canada's gas and oil distributors...