Word: million
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Dates: during 1940-1949
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...allocated $26 million to Western European nations to buy aluminum. They had been using the dollars to buy Canadian ingots at 16? a lb. This gave the Europeans a surplus of aluminum. They shipped the metal to the U.S.-where there is a shortage-in the form of scrap. U.S. fabricators were paying as high as 25? a lb. for their European scrap...
Between April and September, eight EGA countries had shipped 45 million lbs. of aluminum to the U.S. (almost half of it came from the United Kingdom), and shipments were increasing every month. Furthermore, other large European shipments were finding their way into Russia and satellite countries, and European traders were raking in big profits on the deals. At week's end, EGA sadly admitted that all this was true, said it had taken steps to stop it. EGA said the United Kingdom had already agreed to cut down its Canadian buying by the amount of aluminum sold...
...tenants, said Kirkeby, will be paying only $6,350,000 for a property which he insists could not be duplicated now for less than $14 million. And 32% of what the tenant pays in maintenance charges can be deducted for tax purposes-which Kirkeby feels "means something to tenants like, we will have." More than half the present Hampshire House apartments have already been sold, said he, and the plan will go into effect...
...retail sales? Most retailers blamed the unseasonal warm weather. But Fred Lazarus Jr., president of the Federated Department Stores, Inc., thought the trouble was something more than that. His chain had just increased its profit 27%-on a sales increase of only 13.6%-to a record of $12 million for the year ended in October. But, like others, Federated felt the November slump. Said Lazarus: "The market has become a buyers' market. The day of honest-to-goodness merchandising is back...
...Changes. Smith has been on Girard's board since 1938, and was tagged for his new job 18 months ago. He hopes to keep Girard growing (in the last ten years its assets almost doubled to $235 million), and to dispel the notion that it caters only to the rich. Actually, Girard has hundreds of accounts of $300 and less...