Word: grosse
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Dates: during 1940-1949
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Next-by-Air? In December, Mission, Inc. grossed $53,000, and for its first full year of operation, ending August 1945, gross is expected to hit $350,000. Last week Smith was estimating a 1945 take of $500,000. Nobody laughed...
Down Rails. To no one's surprise, the railroads were far in front of the downhill parade. Although the roads hauled more traffic than ever before, the Association of American Railroads sadly estimated: profits of Class-1 roads last year (those with an annual gross of more than $1,000,000) were down to $660,000,000, a big $213,000,000 under...
...York Central was typical. With its gross income at a record high of $715,000,000, its net profit dropped to $36,0000,000, about 57% of the previous year...
Down Meat. Another example of high volume, low profits: the packers. On sales of about $1,600,000,000, Swift netted only $15,900,000- about i%. On nearly the same gross sales, Armour could not do even that well. Its profit of $11,300,000 was only three-quarters...
...normal times, a sizable drop in gross meant a sizable drop in net. This is no longer true. Example: Hercules Powder Co. had its volume trimmed by "shifts in war production" so that its gross profit was cut by $7,910,000. But its tax bill dropped also, some $6,050,000. Thus, net profits were down only...