Word: indexes
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Dates: during 1940-1949
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...Sherman profit estimates: since the U.S. Treasury does not allow most contingency reserves as a deduction from taxable income, the estimators ignored them in figuring net income after taxes. Yet most large U.S. corporations (and many small ones) have been taking progressively higher reserves for conversion to peace. One index of how such reserves can cut down actual net income (in terms of return to the stockholder): the National City Bank's estimate of first quarter earnings for 260 industrial companies showed a rise of only 7% over the same period last year, despite an increase in sales...
Statistically, last week was another week of superlatives: practically every business index went up except consumer-goods stocks, which hit a new low for the year...
When TIME began in 1923 the library contained just three books-the Bible, Xenophon's Anabasis, and the Iliad. The index was a set of scrapbooks into which a red-headed office boy pasted TIME's news stories. And the "morgue" was simply a batch of clippings the editor carried in his pocket when he went to the printers each week to correct the final proofs...
Money. The production boom pyramided the income boom. The Department of Agriculture, reporting cash farm income for March up 13.5% over February, noted that "since May 1940, the seasonally adjusted index . . . has risen sharply with only minor interruptions." SEC reported that, despite the biggest tax on payments in history, total liquid savings of individuals in the first quarter of 1943 stood at $9.9 billion. Of this a whopping $4.3 billion was in cash and demand bank deposits and only $2.6 billion ($300 million above the last quarter of 1942) was stored away in war bonds...
...million, the highest ever recorded in one month and more than triple the 1938 monthly aver age. Of this vast sum, Lend-Lease took $688 million. But imports, although double prewar 1938, were valued at only $243 million. This prodigious unbalance in U.S. foreign trade was a grisly index of the dreadful cost of war in terms of real wealth...