Word: gained
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Dates: during 1950-1959
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Undergraduates who attend varsity football games next fall will present bursar's cards not only to obtain tickets, but also to gain admittance to the Stadium, it was learned yesterday...
...market was the worst since the start of the Korean war. The Dow-Jones industrial average, which hit a bull-market peak of 293.79 in January and stayed close to there until March, was down 23 points from the high. The drop canceled out all of the gain of the post-election "Eisenhower boom," and put the average right back to where it was Nov. 6. But while the drop was big, the market itself was still high, e.g., at last week's low the industrial average was still 58 points above the 1946 peak of World...
...company reported the best sales and profits in its history. Of 236 companies which had reported by last week, 167-or 71%-showed profit rises. The food industry, helped by lower commodity prices, furnished some of the rosiest reading. Clinton Foods (Snow Crop frozen foods) had a 651% gain (to $1,200,000), Continental Baking almost 132% (to $1,400,000). A. E. Staley had a 125% gain, to $1,200,000, and Corn Products Refining...
...same pattern held true in many other industries. In aluminum, Alcoa's $13,300,000 profit was a 13% gain, but fast-expanding Reynolds Metals' $7,000,000 was a 111% gain. Neither the biggest steel nor the biggest auto companies have yet reported, but in both industries smaller companies showed big gains. Specialty-steelmaker Allegheny Ludlum had a 44% increase (to $2,000,000), and Sharon Steel's $2,000,000 was a 49% gain. (But middle-sized Armco showed a 3% drop.) In autos, Packard was way ahead of last year (see below), and Nash...
...companies with gains had sold harder to get it. Westinghouse, for example, had to boost its sales 18% in order to get half that big a rise in its net profit ($16.9 million). But its bigger rival, giant General Electric, boosted sales 39%, to $777.8 million. G.E.'s President Ralph Cordiner was so optimistic that he figured his profits on the assumption that the excess-profits tax will die in June, thus showed a thumping 58% rise in profits ($45.8 million), from $1.01 a share to $1.59. If the tax doesn't die, G.E.'s profit will...