Word: net
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Dates: during 1940-1949
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Almost as phenomenal as his comic-strip career is Superman's vogue with U. S. youth. He appears in 77 U. S. dailies, 36 Sunday papers. With Superman its ace, the magazine Action Comics' net paid circulation has whooped since June 1938 from 130,000 to 800,000. Superman Quarterly is gobbled up at the rate of 1,300,000 copies an edition. The Superman Club has 100,000 members, including Eric & Jean LaGuardia, Spanky McFarland (Our Gang Comedies), a La Follette, a Du Pont, eleven middies from Annapolis, 16 students at Hiram (Ohio) College. In the works...
...Johnson Act which forbids U. S. sale of securities of governments defaulting to the U. S. Government. Meanwhile Morgan partners were retiring, dying; from the partnership their heirs drew millions for inheritance and inheritance taxes. By last year's end the House of Morgan's capital funds (net worth) had shrunk from $118,604,000 to $39,156,000. Of its $671,519,000 assets, 61.5% consisted of tax-free government bonds, of which only 4.5% was out working for U. S. industry...
...Goodyear Tire- & Rubber Co., No. 1 world tire producer, which amazed the public and enraged its competitors last November by cutting its tire prices in the face of rising rubber prices, reported $9,838,797 net for 1939, 63% better than...
...Biggest railroad profit in the land was Pennsylvania Railroad's, 1939 net of $32,032.525, up 90% from 1938. Of this net, 57.9% came from 1939's last quarter when P. R. R. fed lustily on the steel boom. On the other hand, skinny Baltimore & Ohio's achievement was to shave its interest requirements $11,800,000, have only a $1,622,207 deficit in 1939, against...
...Marshall Field & Co., Chicago's biggest department store, reported $4,636,558 net, up 32.8%. During 1939 it bought the site of its main store building from the estate of its late, great founder Marshall Field with money borrowed at 3.6%, stood to save some $500,000 a year on its real-estate costs...