Word: grosses
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Dates: during 1940-1949
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...RICHARD GROSS Ardmore...
...Gross income is about $15.6 billion, a billion more than the World War I peak...
...expected to ask for a 10-15% increase in wages. The 15 non-operating Brotherhoods (signalmen, track workers, etc.) have already demanded a wage boost of 20? an hour, minimum pay 70? an hour. The proposed reduction in rates based on current traffic would reduce the railroads' gross income by $500 million per year; the wage increases, if granted in full, would add some $600 million to their payrolls in 1943. These two actions would wipe out all railroad profits in sight for next year...
...case against the railroads is that their gross profits, before interest and rentals this year will be approximately $1.5 billion, their net profits a little over $900 million. This, in Leon Henderson's opinion, is rank profiteering at the Government's expense, since the Government is the railroads' biggest customer. Furthermore Henderson has always claimed that high railroad rates are inflationary. The railroads' case against Henderson's reasoning is: railroad profits this year will still be approximately 5% less than the 5¼% return on invested capital allowed them by Congress. These profits are being...
...Boston's Crotty Bros, is probably the largest factory feeder anywhere, with almost 500,000 workers in 68 corporations from Maine to Florida and west to Des Moines daily eating out of its hand. This year Crotty expects to gross $15,000,000 (v. $9,500,000 in 1941), though its president Andrew Crotty says that its profits are still figured "in pennies...