Word: net
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Dates: during 1940-1949
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Battleships. The Italians had started the war with six battleships, had perhaps commissioned two more since. Three had been damaged at Taranto, but two were probably repaired since. The Vittorio Veneto, which was commanded in this engagement by Chief of Staff Admiral Arturo Riccardi, was hurt again. Net: maximum, six; minimum, three...
...great danger was that, with better weather, it would become even less effective. In the tragic, high-hearted history of Britain's first 18 months of war was the admitted record of at least 4,300,000 gross tons of shipping lost at sea. This was a net loss (after replacements) of some 2,650,000 tons (TIME, March 24). Less than 18,000,000 tons were left to haul the war-swollen traffic of an empire...
...pressed down hard on interest yields. The yield on long-term Government bonds dropped from 3.68% in 1932 to 2.21%, on short-term Treasury notes from 2.77% to 0.5%. With the bulk of their earning assets drawing this meagre return, the banks have been hard put to make profits. Net earnings of member banks ($715,000,000 in 1929, before gains and losses on investments) have hovered around $400,000,000 a year, have shown little tendency to pick up as other businesses improved. Many a bank has boosted its earnings by taking profits in the rising bond market-subject...
...with Alcoa. Month ago RFC advanced another $4,200,000 to Reynolds, to help with a Bonneville plant. Last week Reynolds Metals put out its 1940 report, proof that Alcoa's competitor was growing fast. Its 1940 sales were a record $29,158,000, up 42% from 1939. Net earnings were $2,428,000 v. $1,527,000 in 1939. Once wholly dependent upon Alcoa's aluminum, Reynolds Metals is now feeling its oats. This week its president blasted blanket priorities: ". . . If enforced . . . without reasonable notice to the trade, only the Aluminum Company of America stands to profit...
...Coach Frank Boucher had some hot words for these million-odd rink-siders. Few of them, said he, knew what the world's fastest game was all about. To most of them hockey was a haphazard free-for-all in which someone occasionally slammed the puck into the net. Advised he: "Forget about the puck for a while and watch the way attack and defense form." To the average fan, this was a counsel of perfection. So fast is hockey that players have to make their snap decisions while spurting 30 ft. a second. Fans have all they...