Word: nets
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Dates: during 1940-1949
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...Kaiser-Frazer Corp. rolled merrily along last week. A second public offering of 1,800,000 shares of K-F stock (TIME, Jan. 21) was sold in less than an hour. Net proceeds: $34,470,000. K-F's first issue (1,700,000 shares) was offered for $10 a share last September. This time it brought in a spanking $20.25. But the road was getting bumpy...
...imports into reasonable balance-all factors affecting the purchasing power of currency. If they succeed, the Fund can help them. If they fail, the Fund offers no remedy, and Tory M.P. Oliver Lyttelton's quip will hold true: "It is not the least good putting up a mosquito net to try to keep out a charge of wild elephants...
...foresight had not been generously mixed with luck, i.e., having the Constellation and P-80 Shooting Star in production at war's end, it would not be sitting on top of the heap now. But Bob Gross sees no reason why it should not stay there. Net profits last year were some $4,500,000, and he expects, barring some calamity, that they may run as high this year from Constellations, P-80 Shooting Stars and planes for the Navy...
...power, TVA collected $39,000,000. Its net income after deductions or operating expenses and depreciation was $18,000,000, up 27% over 1944. Its 600,000 consumers used 48% more power for 21% less money than the average U.S. consumer (1.85? per kwh. v. the national average of 3.47?), thanks to the fact that TVA can spread its operating costs over more projects. Example: dam building can be charged off to malaria and flood control, etc., instead of power production...
...argument that industry should pay higher wages because it had made a net profit of $37 billion during the war made no more sense than an argument that labor should take less because it had been paid $405 billion in wages & salaries. Both had profited from...