Word: net
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Dates: during 1940-1949
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...seven highest-paid physicians in the U.S. last year were specialists, the magazine Medical Economics reported this week. The seven had gross incomes up to $180,000, net incomes (after paying for offices, etc.) up to $96,000. From 1943 to 1947, net incomes of all physicians rose 14% (net income of all gainfully employed persons rose 32%). As a profession, medicine looked well paid: physicians were in the top 3% income bracket; 2.8% of them grossed $50,000 or more. Average income of all doctors was $18,500 gross, $11,300 net...
...perforator, Lane-Wells has increased the yield of U.S. wells by an estimated $200 million. Last week, with demand for oil at a peak, the company was booming as never before. For five consecutive months, it has grossed more than $1,000,000 a month. With a second-quarter net of $1,143,200, Lane-Wells was earning around $6 a share, about four times its prewar rate...
...tennis doubles against two athletic young men, Smith and Brown. Potter and his partner, the hardened metaphysician C.E.M. Joad, could scarcely touch the first two cannon balls served to them by Smith, and only by accident did the third one hit Joad's racket, rebounding wildly across the net and landing twelve feet out of court...
Died. Harry Dexter White, 55, Assistant Secretary of the U.S. Treasury (1945-46), recently accused before the Thomas committee of supplying information to a Communist spy net; of a heart ailment; in Fitzwilliam, N.H. (see NATIONAL AFFAIRS...
...nation's taxicab business has slumped as much as 25% below the normal summer slack. Parmelee Transportation Co., biggest U.S. company, with 4,167 cabs in New York, Chicago, Pittsburgh and Minneapolis, figures that this year's net may go as low as $500,000 (its boom-peak net: $2,000,000 in 1946). For many a smaller company, trying to meet more than doubled postwar costs on prewar fares, the slump means...