Word: net
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Dates: during 1940-1949
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...Belgians have also called attention to the fact that the Batutsi are probably the world's greatest high jumpers, regularly clearing 8 ft. 5 in. from a takeoff mound a foot high, making a net jump of 7 ft. 5 in. (this year's Olympic winner jumped 6 ft. 6 in.-see SPORT...
Trade Catchers. The cost of such trains has been heavy; in one year the net working capital of U.S. roads has dropped $450 million to $705,013,000, a 39% decline. But the return has been worth the price. Though passenger traffic is off as much as 50% from its wartime peak, many streamliners are booked solid. In twelve months the Illinois Central Railroad's City of New Orleans grossed its $4,000,000 construction cost; with its sister streamliner, the Land 0' Corn, it had doubled Central's passenger revenues. The gleaming new Pullmans...
Puff, Puff. The big surprise was the railroads which, thanks to rate increases, were by & large chuffing along from slim profits into fat ones. For example, Baltimore & Ohio, with a half-year net of about $9,000,000, was up 73%. The Denver, Rio Grande & Western, with a net of $3,583,395, was up 260%. A major exception was Robert R. Young's Chesapeake & Ohio (see below), whose profits were nipped a third by the mine stoppage. Even the small, potato-hauling Bangor & Aroostook, which had not made money in any June since 1935, showed a profit...
Second Wind. The worrisome question of whether profits were keeping up with the overall increase in sales got some mixed answers. For H. J. Heinz Co., whose net dropped 18% despite a 17% rise to an alltime high in sales, the answer was no. But profits far outdistanced sales in other cases. For example, with sales up only 36% over the same period last year, General Portland Cement's six-month net jumped over 75%. In this year's second quarter, Willys-Overland had a 29% rise in sales, a 70% rise in profits...
...Philippines, manages real estate in North Kansas City, New York City and Beverly Hills, runs railroads, buses and bridges in the Middle West. One of its biggest holdings is Colorado Fuel & Iron Corp., bought from the Rockefellers. All told, the companies Allen has a guiding hand in have a net worth of above $200 million, net $15 to $20 million a year profit. Allen does not look for immediate earnings but for long-term capital gains. Its income from banking and shrewd investing is big enough to keep the four working partners (three of them are Aliens) looking for more...