Word: millions
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Dates: during 1940-1949
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...race was to the swift, but not necessarily to the biggest. Some giants were holding their own; e.g., Procter & Gamble. Under its hard-selling new president, Neil McElroy, who worked up through P. & G. advertising to the presidency last October, the company boosted its net from $13.2 million to $19.7 million (a gain of nearly 50% for the Sept. 30 quarter). International Business Machines' Thomas J. Watson turned in a $24.7 million net for the nine months, up 16%, while most of his rivals felt declines. But many other giants were being nipped by faster-moving competitors...
General Electric Co.'s net of $21,060,037 was off about 28%. But second-place Westinghouse had turned in $20.5 million, a 109% gain that pushed it nearly abreast of its giant rival. Westinghouse's President Gwilym Price gratefully added 40? to the usual 25? quarterly dividend and Westinghouse stock joined the big group* of those who boosted dividends and made new highs on the big board...
Thus, most of the 21 buildings in Corn Products' $20 million sorghum processing plant, which was getting into full production last week, have no walls; some have no roofs either. Typical are the millhouse and the "steep house," in which grain is placed in large wooden tanks for treatment in a dilute sulphuric acid solution. The sea breeze keeps the steep house clear of choking sulphur fumes. The breeze also sweeps clean the floor under the silo conveyor belt, usually a collection spot for explosive dust...
When Elsie Murphy went job-hunting in 1934, she wanted to make a million. She thought the best chance was in the wholesale fabric business, where there were few women, and she picked S. Stroock & Co., Inc., as her target. President Sylvan Stroock offered her something less than a million, but Elsie took the job anyway-at $20 a week. By last week chic, shrewd Mrs. Murphy had still not made her million. But, at 41, she did become the $35,000-a-year president of the company (Sylvan Stroock moved himself up to the new post of board chairman...
Died. Herbert Wells Fay, 90, for 27 years custodian of Abraham Lincoln's tomb, known to scholars the world over for his extensive collection of Lincolniana (he had more than a million items); in Springfield...