Word: nets
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Dates: during 1940-1949
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...materials were hard to get. But one managed. There were ribbons, lace, paper, straw, net-over-wire, pastel felt, cloth, solid feathers. And shapes showed gay imagination. There were tricorns, buckets, bowls, halos and even one with an alcove for Madame to fill as she fancied...
...York Central was typical. With its gross income at a record high of $715,000,000, its net profit dropped to $36,0000,000, about 57% of the previous year...
Down Steel. The profit trend was down in steel, too. U.S. Steel shipped about $2 billions during the year, the most ever, but its net slipped to $60,300,000 v. $62,600,000. Jones & Laughlin, Inland and Republic were down with Big Steel...
Bethlehem Steel bucked the trend, upped its net profit to $36,200,000 v. $32,100,000. But this was due chiefly to a difference of opinion on how much the retroactive wage increase to workers would cost. Beth Steel's Grace tucked away $6,500,000 for the wage reserve, while Big Steel's Fairless put away...
...normal times, a sizable drop in gross meant a sizable drop in net. This is no longer true. Example: Hercules Powder Co. had its volume trimmed by "shifts in war production" so that its gross profit was cut by $7,910,000. But its tax bill dropped also, some $6,050,000. Thus, net profits were down only...