Word: million
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Dates: during 1940-1949
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...ever; the Federal Reserve Board reported that September production had been the same as in August, just short of the postwar peak. In the reports that began pouring in last week, many third-quarter earnings proved to be much fatter than expected (example: General Electric's $29.2 million was up 49% from the similar 1947 quarter). And joyful shareholders cashed in. Earnings were so good for some 21 corporations that they declared extra dividends. Republic Steel, with its earnings ($12.8 million) more than doubled, declared extra dividends in both cash (25?) and common stock (1 share for every...
...shape of things to come looked even nicer. Last week alone, no less than five new plants worth $15 million or more apiece were opened for production or research. U.S. Steel, which opened one of them near San Francisco (see below), planned to have another one near Los Angeles by 1950. Greenwood Mills announced a new $21 million expansion program; Sun Oil Co., a $70 million program; members of the American Gas Association will spend $3.3 billion. Westinghouse Electric Corp., which reported an alltime record in appliance production for September, saw no letup. Said Vice President J. H. Ashbaugh...
...full of bounce as a jack-in-the-box, the booming U.S. toy industry this week was working around the clock to fill the biggest Christmas stocking in history. With 24 million new customers born since 1940, and plentiful materials for the first time since war's end, the toymakers expect to ring up record 1948 retail sales of $300 to $400 million, at least 20% above...
Western Steel. In Pittsburg, Calif., Columbia Steel Co., a U.S. Steel subsidiary, opened a new $25 million sheet and tin-plate plant which will add 325,000 tons a year to West Coast steel capacity. Columbia will also get a new president, Alden G. Roach, 47, who had joined Big Steel when it bought his Consolidated Steel Corp. Ltd. (TIME, June...
...usually shy away from foreign oil investments, jumped in with both feet. Nine of the biggest U.S. companies and one Canadian snapped up the biggest industrial bond issue ever offered. Shell Caribbean Petroleum Co. of N.J. (a Royal Dutch-Shell subsidiary) announced that the insurance companies would buy $250 million worth of its 20-year, 4% bonds. As security for the loan, Shell Caribbean put up 8,800,000 shares (or two-thirds) of the stock of Shell Union Oil Corp., Shell's U.S. subsidiary (the stock's market value last week...