Word: million
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Dates: during 1940-1949
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...residence that the university needs; other faculty members complain of overcrowded classrooms. Even the university's library is mentioned. "I have to wait in line, and find that I can't get what I want," says a philosophy professor. "If you die with a million, Tyndall, why don't you leave it for a library...
Next day, after the market closed, the reason came out. Big Steel announced that it would top its regular $1.25 quarterly dividend with an extra one of $1. It could well afford it. Last year's profits were $129.5 million-with another $55 million extra put aside for depreciation-compared to $127 million in 1947. And in the fourth quarter, when shipments hit an all-time record of 5.4 million tons, Big Steel's profits had soared 41% above...
...profits were not confined to Big Steel. (President Truman, at his press conference, said he had always contended that steel prices were too high and he still thinks so.) Bethlehem Steel's net for 1948 was $90.3 million, up 76.8%, but the company cut no extra share of the dividend pie. Armco Steel, with a 28% increase in its profit to $32 million, boosted its quarterly dividend from 50? to 62½?. Wheeling Steel kept to its regular rate ($1 a quarter), though its earnings had jumped to $23.24 per common share (v. $18.66 last year), nearly half...
...finishing a $50 million postwar expansion program, Cat is going to turn out the new diesel and step up production of diesel-powered Caterpillars to grade roads, dig foundations, clear jungles and move mountains all over the world. With its new production Cat hopes to boost its sales, already the highest in its history. Last year, on a gross of $218 million, Cat reported a net profit of $13.7 million, nearly 40% over...
...just when Government and Army ordnance people were suggesting that Cat convert to ordnance manufacture. But Neumiller stubbornly said he knew better; the Army would need his earth-moving equipment far more than anything else he could learn to make. He was right. Cat turned out almost $500 million worth of equipment, including bulldozers. During most of the war, bulldozers were needed so badly that they had the same Double-A priority as tanks and planes...