Word: losses
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Dates: during 1930-1939
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...railroads are anything but rosy. Class I roads had a net operating income of $85,808,000 in the first quarter this year (against $19,963,000 in the first quarter of 1938) but after paying their fixed charges they were $41,880,000 in the hole.* This loss is likely to increase in the second quarter as receding industrial production drags carloadings down with it. Lately many roads (particularly the B. & O.) have suffered acutely from the coal strike, for carrying coal is a big and profitable traffic...
...operating income was $4,957,000 against a deficit of $203,000 year ago. ts net loss...
...dozen or so big underwriters formed Aviation Corp., sold $35,000,000 worth of stock and with the proceeds bought up some 80 aeronautical properties, including 9,100 miles of airlines. These were presently lumped into American Airways. As might have been expected, the conglomeration had an operating loss of $3,400,000 in 1930. Successive losses brought continued shake-ups in management until 1932, when Plunger Errett Lobban Cord got control after a spectacular proxy battle...
...Senators' shortage may benefit their constituents and provide the mill operators with an excuse to work off inventory but it is no great contribution to the permanent solution of the U. S. cotton problem. That problem is basically the loss of foreign markets, for the U. S. used to export two-thirds of its annual crop, now exports only one-third. Alabama's Bankhead (Tallulah's uncle) has an answer in the form of export subsidies but the Senate last week turned it down, largely because the subsidies would directly benefit...
...netted $10,236,000. Last year, although its gross business rose some $4,000,000, its net fell to $7,039,000. Reason: I. T. & T. took a $3,561,479 loss on foreign exchange, for many good sound I. T. & T. earnings in foreign currency turned out to be pin money when translated into dollars...