Word: grossness
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Dates: during 1920-1929
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Jones & Laughlin Steel Corp. (Famed Pittsburgh family steel company, closel)' held by the Jones and Laughlin families. Founded in 1852. G. M. Laughlin Jr. is Board Chairman and W. L. Jones Jr. and B. F. Jones III are Executive Committee members. Capacity of 2,400,000 gross tons pig iron and 3,000,000 gross tons ingots. Earned $16 a share for the half.) Net income, first half...
Eaton. Persistent through denials was the rumor that Cyrus S. Eaton, Cleveland steelman and banker, had purchased working control of United Light & Power Co., midwestern utility with $500,000,000 assets and 1928 gross earnings of $89,000,000. The report was that the Eaton purchase was from the Koppers-Mellon interests. Reports also mentioned the Insull, Bonbright and North American Power & Light interests as United Light & Power purchasers. Cyrus Eaton is called "rich as Mellon" by Clevelanders. Whenever anything really big seems to be stirring in Northern Ohio, rumors mention his name. Last week's Eaton utility rumor...
...Shore or Ship-to-Shore transmission. In 1921 Radio Corp.'s entertainment business totaled some $1,500,000, or about 36% of the company's total business. In 1922, entertainment totaled same $11,250,000, or about 80% of total business. Last year Radio Corp.'s gross sales were approximately $87,000,000, and its $6,000,000 income in patent royalties was slightly larger than its total income from communications...
...when gross annual earnings had reached the sum of $10,000,000. Mr. Titus brought suit against Burnee Corp. His claim: That transfer of stock to the new company in 1915 was made without his consent and in violation of his rights. His demand: That he be given an accounting of and a share in the profits. The decision: New York Supreme Court Justice Peter A. Hatting held that Plaintiff Titus could not share in the millions he had refused to help build up. Justice Hatting pointed out that Plaintiff Titus knew of the transfer of stock rights...
...closed its less efficient plants. Paper plants are usually on waterpower sites. International found itself with much unused waterpower. International added "Power" to its name, bought into the New England Power Association, became a seller of electricity. The paper business was in a bad way. In 1928 the gross income of International was 54% from power, 25% from paper, 21% from miscellaneous sources. The company was not getting its lion's share of what newsprint business there was. In order to sell its output, International decided to invest in newspapers, to "buy a market." A case in point...