Word: net
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Dates: during 1940-1949
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...loss of $88.9 million. G.M. figured that $53 million would be offset by tax recoveries from the Federal Government, under the carry-back provision of the excess-profits tax. (But the amount may be reduced if G.M. shows a substantial profit for the full year.) Thus, G.M.'s net loss for the first quarter, the reddest report seen since depression days, was $36 million v. a 1945 first-quarter profit of $50 million. Nevertheless Mr. Sloan expects to end 1946 in the black, told stockholders that "operations in the second quarter should be more satisfactory...
...alive. Among the performers: a smiling, bloody-handed centurion; a drum-beating dwarf; a quizzical, bare-legged blonde selling Eskimo Pies; a mean-eyed young man in the coils of a friendly python; a crowned, repulsively ugly juggler embracing a beautiful purple ball; trapeze artists necking on a safety net; an old maid caressing a toothed fish. They all hinted at a mingled horror and loveliness which might be the nature of Beckmann's still-undiscovered...
...many another industry, strikes turned black into red. Libby-Owens-Ford Glass Co. lost $450,445 v. a net profit of $1,903,464 last year. Nash-Kelvinator, with a loss of $1,152,775 compared to last year's $510,258 profit, showed what suppliers' strikes had done to the auto industry. Hardest hit of all was General Electric. President Charles E. Wilson gave out the black-bordered facts: a loss of $13,701,580, first deficit since 1922, v. last year's net profit...
...railroads, even though they escaped strikes, were far from happy in the squeeze between rising costs and falling traffic. Example: the Pennsylvania's net operating income of $26,346,219 in 1945's first quarter dropped way down...
...industry found the bonanza it had hoped for. Chicago's Marshall Field & Co. listed a 1946 profit of $3,210,000 v. $1,336,000 for 1945. Standard Brands, Inc., with sales down 3% and income-before-taxes down a big 34%, was still able to report a net income of $3,667,555 v. $2,699,400, because taxes had been cut 65%. International Business Machines did better. So did Monsanto Chemical, which doubled its earnings. Montgomery Ward & Co. climbed up from...