Word: grossing
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Dates: during 1940-1949
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...remarkable feature of the 1943 farm income was the sum the farmers managed to carry over to net profits. Despite soaring feed costs and fabulously high wages demanded by the few workers available, the U.S. farmers' net profits-out of a gross of $19 billion-are estimated at $12.5 billion. This 65% profit ratio scared the economists. With the farmers jingling so much inflationary money in their pockets, some economists fear another runaway land boom...
...Name of Magnin. From a corporate standpoint, Bullock's, with almost three-quarters of the combined gross business, will be top dog. The deal, in which no money changes hands, provides for an exchange of stock (three and a half shares of Magnin's for one of Bullock's), whereby Magnin shares will shortly disappear. Not so the name of Magnin-so long as either its 73-year-old president E. John Magnin or his 57-year-old brother, First Vice President Grover A. (who are also the company's largest stockholders), have anything...
...Dividends. Reports from the consumer industries were still sparse last week. One hint of the trend: gross sales of the R. J. Reynolds Tobacco Co. ballooned to a new high of $414,263,939. But profits were down...
...performance of Bethlehem Steel was a different kind of surprise. Thanks largely to its shipbuilding operations, which pushed gross sales almost up to Big Steel's, Bethlehem totted up a profit of $32,124,592, up 25% from 1942. Inland Steel held its own for the year, with profit steady...
...traditional practice of buying up trade names when wholesale grocers go out of business, and keeping the names. He dumped all but some 5,000 fast-moving items. Other profit-losing ratholes were plugged, and Sprague, Warner-Kenny made $311,465 in profits last year on its gross of $32,000,000, a good return for the low-profit but quick-turnover wholesale grocery business. This year, Cummings expects his merged companies to gross $50,000,000 while supplying 60,000 grocers, restaurants, etc. from the Atlantic seaboard to the Rockies...