Word: million
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Dates: during 1940-1949
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...cerebral hemorrhage; in Manhattan. Kapp combined a shrewd eye for business (Decca was the first to make 35? records on a large scale) with a sharp ear for talent (he signed Bing Crosby, the Mills Brothers, Al Jolson, the Dorseys), to boom Decca, by 1946, into a $30 million-a-year business...
...agreement was full of ifs & buts, and it still had to be approved by the U.S. Congress and the other nations. But, in principle, it would provide a steady, four-year market for a maximum of 456 million bushels of wheat a year for five major wheat exporters-the U.S., Canada, Australia, France and Uruguay. It would permit 37 importing nations to buy at a price of $1.50 to $1.80 a bu. for No. 1 Manitoba wheat at Ontario ports the first year, and as low as $1.20 a bu. in the fourth year. (This rate would allow a maximum...
...face of the U.S. surplus, the U.S. share of exports under the pact (168 million bu.) was comparatively small, though the cost to the U.S. might prove large. As long as wheat support prices are higher than the pact price, the Federal Government would have to pay the difference. In effect, it would subsidize the exports. Furthermore, importing nations would be required to take their maximum quotas under the agreement only when the price fell to the minimum. As long as the price was above that, they could buy from Russia or Argentina, if those nations wanted to undersell...
...President Moses Pendleton rose before his stockholders in Springfield, Mass, last week, he was wearing such a long face that the stockholders braced themselves for bad news. It came fast enough. The company's new orders, Pendleton reported, had sagged by mid-March to $11 million, less than one-sixth their 1948 level. As the news reached Wall Street, a wave of selling dropped American Woolen's stock 6⅛ points to 28⅝, the lowest since...
...common stock. Then, as 10,000,000 ex-servicemen rushed to buy their first civvies, American Woolen found itself so prosperous that in 1946 it declared a $12 common dividend, saw its stock soar from 29½ to 70¾. In 1948, it rang up the biggest sales ($197 million) in its history and earned $15.88 per share. But now, said Pendleton, American Woolen, like other weavers, was in a double squeeze that was choking off sales...