Word: grossing
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Dates: during 1940-1949
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...outstanding example is U.S. Steel. Despite near capacity production that boosted gross sales to nearly $2,000,000,000, net profits were down to $63,642,322, some 10% under the preceding year. But to stockholders the shocker was that earnings plummeted so fast in the last quarter that Big Steel failed to make its $1 quarterly dividend (by 19? a share) for the first time since September 1942. Increased labor costs and production changes accounted for much of the last quarter's decline...
Young (42), handsome "Stu" Symington is no airy altruist. The $898,700 net income his company reported last fortnight (for the year ended Sept. 30) was a picayune residue of the company's swollen gross sales of $83,207,000-but it was much more than Emerson had ever made in any of its 53 years (Symington took over its management in 1938). And Manufacturer Symington was still being sturdily realistic when he declared: "To us one of the great dangers to our system ... is the picture of some people trying to build their companies from scratch...
...overnight-then continued at their desks. (A lieutenant was even assigned to a four-mile-long, two-employe railroad in Strasburg, Pa. Four days later the Army decided the road could run without his help.) In Washington, the Army's able Chief of Transportation, Major General C. P. Gross, and his knowing staff of borrowed railroadmen, continued to work closely with the railroads in the titanic task of shuttling troops and supplies across the nation...
...already there. Mrs. Edward T. Stotesbury, the Joseph P. Kennedys, the Sumner Welleses, were at Palm Beach. Jersey City's Mayor Frank Hague, with Mrs. Hague and daughter Peggy Anne, checked in at Miami Beach. So did the small-fry tourists, the race-track touts, the racketeers both gross and petty. The sub-urbane Town & Country told its readers that simply "everybody" came down before Christmas this year. Miami hotels, turned back to their owners by the Army, were booked solid all the way to the end of the winter season. There were as many ways to break rent...
...Haven had its best-in-history financial year, with gross estimated at $180 million, net $34 million. This was 50% greater than in 1929, when the common stock sold for $108 ½. Last week the New York Stock Exchange took New Haven stock off the board; last transaction...