Word: grossed
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Dates: during 1930-1939
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...machine tool industry-which makes the machines with which other industries make goods-is no monster economic unit. In a peak year it may gross $200,000,000, about as much as the automobile industry (cars and trucks) grosses in an average month. But it is a key unit -when other industries stagnate it stagnates, when others expand it is busy. For ten years the machine tool industry has lived mainly on orders from 1) the automobile industry; 2) foreign buyers (British, Japanese, German) who wanted to make goods at home instead of buying from the U. S.; 3) more...
First effect of this uncertainty on Hollywood, which has already written off the German and Italian box offices, once 10% of its foreign gross, was a scaling down of costs on current productions. Director Wesley Ruggles, rather than shave his $2,000,000 budget for Arizona, shelved the picture. Other producers planned to whittle future budgets over $600,000 down to fit domestic box-office expectations. Since the greater part of production cost is in salaries and overhead, decreased budgets in the long run would inevitably mean tightening the belt in Hollywood's corporate scale of living...
...carried in U. S. bottoms. The rest moves in foreign carriers. (In 1914 the proportion was 9% of $2,000,000,000; World War I almost quadrupled U. S. exports and by 1919 U. S. tonnage increased 60%.) Hence the U. S. merchant fleet of 27,470 vessels (gross tonnage: 14,632,000 tons compared to 12,907,300 tons in 1919) may not be able to keep goods from piling up on U. S. wharves. Not yet seriously affected, U. S. ports were last week in the following condition...
...records in Victor's stockrooms had begun to gather dust. By 1932 Victor had passed from the hands of the bankers to RCA, where it became a horse's thumb among RCA's booming radio projects. Victor's competitors did no better. The 1932 gross for the entire industry reached a scant...
...Signing up big names in the popular field (biggest: Crooner Bing Crosby-see p. 50), Decca put this contention to the test, and sales began to skyrocket. Today, the five-year-old Decca concern, with Crosby as its Caruso, stands second only to RCA Victor, with an estimated annual gross...