Word: net
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Dates: during 1940-1949
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Thanks to the high production, in general, the Department of Commerce estimated that 1947's first quarter net profits for U.S. industry were at the rate of $15 billion, 25% over 1946. Even the cautious New York Times was moved to anger by the gouging it considered that it was taking. In a special dispatch from Quebec, the Times talked about the "enormous profits" Canadian paper companies were making, showed that net profits of New York's International Paper Co. had risen 270% since 1943, that profits of another company had risen 500%. But the price of newsprint...
...Atlantic Greyhound, Pennsylvania Greyhound (50% owned by Pennsylvania Railroad), Pacific Greyhound, etc. The systems have over 78,000 miles of routes, six times greater than the mileage of any single U.S. railroad, do some 40% of U.S. intercity bus business. Last year the company grossed $174 million, earned a net of nearly $20 million, and paid handsome stock dividends of $3.20 a share...
...round off a busy week, Bob Young reported that Alleghany Corp., the top investment-holding company for his railroads, had turned a tidy net profit...
...sober second thought, conservatives guessed that the Cullen Foundation would net no more than $50 million after production costs. True Texans disowned such small talk. Their guess was well over $100 million, putting the Cullen Foundation among the country's three or four largest...
...that they were reaching peak production, they were doing very well. On the basis of General Motors annual report last week Wall Streeters computed that G.M. earned $73 million in the last quarter of 1946, a rate which would pour in a record $292 million in net profits this year -if all went well. But it was the durable-goods industries which were now faced with new wage demands. And there was no guarantee that price cuts would eliminate them. Ford has cut prices-and promised further cuts. But the U.A.W.C.I.0. last week asked for a 23½?-an-hour...