Word: grossness
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Dates: during 1920-1929
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Record car loadings of early Summer led some to predict much larger net earnings for the railroads. Stock market prices have not, however, advanced to an important extent, and now, as the company statements for July are made public, the reason has become apparent. Although the gross business of the roads as a rule reflects their record volume of traffic, higher expenses here prevented any great growth of net earnings, and in some cases even decreased them. The purchase of new equipment as well as the lasting effects of the shopmen's strike have more than offset the increased...
...course, by overproduction of crude. Governor McMaster's action proving merely the occasion for the drop. Since crude production should pass its peak in California within three months, the present price cutting is likely to prove only a flurry in the general movement of prices. The daily average gross crude oil production in the United States, however, increased 10,350 barrels for the week ending Aug. 11, with a total of 2,251,250 barrels...
...transfer tax report recently issued for the estate of the late William Rockefeller, brother of John D. Rockefeller, showed a gross amount of $102,584,438, against which were $30,402,247 of debts, and additional minor expenses, leaving a net amount...
Undoubtedly his optimism is justified if only his own Company were taken as a criterion. Mr. Parsons estimated Woolworth sales for 1923 at $180,000,000, compared with a gross of $167,000,000 for 1922. The Company has no bonded indebtedness; it retired last February 100,000 shares of preferred stock at 125 by paying out $12,500,000; also, during 1922 the item of "goodwill" in its statement was reduced from $50,000,000 to $30,000,000 by the use of $20,000,000 from profit-and-loss surplus...
Railroads? In 1920 Mr. Ford paid $385,000 for the control of the Detroit, Toledo and Ironton Railroad, and financiers said he was paying just exactly that sum for "worthless paper." The gross income for the first five months of 1923 is stated as being $4,156,877, which is more than the D. T. & I. took in during any of the full years 1916 to 1919. And the annual earnings for the road this year are figured at $1,530,000, which, allowing for all taxes, should give a net income of over...