Word: grosses
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Dates: during 1940-1949
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Since railroad overhead costs are both large and inflexible, an abrupt rise in car-loadings means an even sharper rise in railroad profits. Once the break-even point is passed, "leverage" carries much of the increase in gross directly to net. Thus February carloadings of all Class 1 roads were 23% over 1940, but net operating income (profit before interest and taxes) rose 75%. Two other bullish points are labor and taxes. Shielded by intricate Federal machinery, the railroads have not had a big strike since 1922. By taking the 8%-on-capital option of the excess-profits tax, most...
...From paper mills, cement plants, Army camps Atlantic Coast Line gets many new tons of industrial freight. February gross was $5,629,000, 15% over 1940, best since 1931. But net operating income jumped...
...boats, the British convoy system was far from effective. The great danger was that, with better weather, it would become even less effective. In the tragic, high-hearted history of Britain's first 18 months of war was the admitted record of at least 4,300,000 gross tons of shipping lost at sea. This was a net loss (after replacements) of some 2,650,000 tons (TIME, March 24). Less than 18,000,000 tons were left to haul the war-swollen traffic of an empire...
...Alley wiseacres figured that on the pay-as-you-play basis-which the networks wanted instead of the 7½ percentage of network gross which ASCAP had asked under its proposed new contract-ASCAP-ers would receive about half of the $4,500,000 they got from radio in 1939. Stephen Foster's Jeannie With the Light Brown Hair has been a stand-by of the networks in fighting ASCAP with songs in the public domain. Lovers of American music recalled that this number had been written 87 years ago by a composer who was not only free...
...Arthur was president and Aroline had passed on Gove leadership to her daughter Lydia, a tall (6 ft. 2 in.), big-boned, scrappy spinster who became the Scarlett O'Hara of patent medicines. Lydia was impatient with Pinkham advertising. She wanted to pay out over 50% of gross sales for old-fashioned testimonial advertising. Arthur and his brothers (Vice President Daniel, Secretary Charles) wanted a more sophisticated modern campaign with expenditures not over 30%. With the board of directors deadlocked (three Pinkhams, three Goves), Lydia locked company securities in a safe deposit box, ran off with the key, refused...