Word: net
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Dates: during 1940-1949
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...market's companies, all privately owned, keep their net earnings secret, but last year, with a boost in sales because of high meat prices, they had an estimated gross of more than $85 million, up 20% over prewar. Last month, when meat prices began falling, fish sales held up and in some cases even increased. Fishmen decided that "people had to eat so much of our stuff during the war that they finally got fond of it. It's the only food that hasn't been fouled up by being vitaminized, tenderized or homogenized." This year...
...goal is Loring Batchelder, a former Andover player, one of the best net minders in the Ivy League this year. He still has one more year to play...
...want, you can decide for yourself where your money will go. Eight charities are listed on the solicitation card, including the World Stud net Service Fund, the American Cancer Society, the Red Cross, and the Greater Boston Community Fund. You can also specify at least one dollar for Christmas seals and receive yours prepaid. If, however, none of the listed Charities appeal to you, you may chose whatever you want so long as it is non-denominational...
Bogged-Down Trucks. For companies whose profits were down, the cause was generally 1) high-priced inventories at a time when prices were dropping or 2) a shift to a buyers' market, which cut sales. Colgate-Palmolive-Peet, for one, reported a third-quarter net of $3.1 million (v. $5.3 million last year) on lower sales. Standard Brands showed a profit of only $787,519, a drop of 49%. With sales slipping, five out of eleven makers of electric appliances reported declines ranging from 2% (for Noma Electric) to 43% (for Bendix Home Appliances). Truckmakers Diamond T and Autocar...
Gold-Plated Steel. In steel, every major company's profits were up, in many cases to new highs. Like Republic Steel a week earlier, Bethlehem reported the best quarterly net in its history; it was up 121% to $22.5 million. U.S. Steel, which made news chiefly by not declaring an extra dividend (which Wall Street had hoped for), trailed with a rise of 20% to $34.5 million. But Big Steel's net did not tell the whole story. Because its depreciation reserves "were not sufficient to cover the cost" of replacing property at current high prices, the company...