Word: net
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Dates: during 1940-1949
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...week's end it looked as if Chairman Eastman might be granted his desire to see the experiment tried, at least in part. Kuhn, Loeb, its fingers slapped, was out of the Transport picture. But about ten of the companies (with a net worth of around $7,500,000) were considering merger through a simple interchange of stock. After reading Eastman's opinion, they (and President Seymour) had good reason to hope for ICC approval...
...troubles, had another record year. Total kilowatt-hour sales were 11% over 1939; industrial sales were up 16½%, rising weekly. The industry spent more money on new capacity ($580,000,000) than in any year since 1930 ($919,000,000), increasing its installed kilowatts by 1,380,000 net to 40,330,000. It also planned 6,076,000 new kilowatts for 1941 and 1942. The defense-conscious Federal Power Commission wanted them to up that by 1,500,000 kw. But the question was whether Westinghouse and General Electric, already swamped with defense business from a dozen other...
...collapse. To deduct them from his 1940 taxable income, he had to sell the shares, turn his paper losses into real ones. He then could deduct his short-term losses (on securities held less than 18 months) from short-term profits taken on other transactions this year, carry any net loss over to deduct from next year's short-term profits. On long-term transactions (securities held more than 18 months) he could claim only half to two-thirds of the loss, but could apply it against income of any kind...
...fell into receivership-ICC effected a compromise. The interests: 1) the Erie bondholders; 2) the C. & O., which held 56% of the voting power. The compromise: capitalization would be slashed from $490,953,630 to $322,692,250, fixed charges from $14,368,842 to $7,000,000 (1937 net railway operating income: $13,614,008). With new bonds, common & preferred issues in exchange for their holdings, bondholders would gain voting control of Erie while C. & O.'s interest would dwindle...
...net effect, anything but theatrically outlandish, was of a richly lighted Lear centring around a grey hill of steps that revolved for scene changes. The actors often pointed up the dialogue by posturing up and down the steps. They also made sallies into the aisles. If Piscator intended to de-emphasize the individual actors, his accomplishment was not noticeable. The veteran Sam Jaffe (of The Jazz Singer, Grand Hotel and Hollywood) was a subtle, moving Lear whose chief fault was that his appearance kept suggesting that ex-Supreme Court Justice Louis D. Brandeis was playing the part...