Word: nets
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Dates: during 1940-1949
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...People talk about 'a fair profit on sales.' Well, what is a fair profit? Before the war Emerson made 5%. Now it makes just over 1%; and on its $30,000,000 more business in 1943 as against 1942 it made $200,000 net, considerably less than 1%. Is that proper? Of course it is proper." His explanation: war business involves only one sure-pay customer, the U.S. taxpayer, who in the end pays not only for the goods but for most of the plants and machinery that produce them...
Young (42), handsome "Stu" Symington is no airy altruist. The $898,700 net income his company reported last fortnight (for the year ended Sept. 30) was a picayune residue of the company's swollen gross sales of $83,207,000-but it was much more than Emerson had ever made in any of its 53 years (Symington took over its management in 1938). And Manufacturer Symington was still being sturdily realistic when he declared: "To us one of the great dangers to our system ... is the picture of some people trying to build their companies from scratch...
...many as ten air raids a day. A bomb made a direct hit on the sick bay. But eight days after the landing strip had been taken, a complete A.A.C.S. station was open for business, sending a strong, clear signal into Guadalcanal. The new Allied airdrome was in the net...
Moreover, the railroads have fewer postwar problems than any other major industry. Their net earnings ($850 million in 1943) are not subject to renegotiation. They have salted away $1.6 billion in cash for new equipment and roadbeds. Despite 1943 traffic of one and a half times as much freight and two and a half times as much passenger business as they handled in a good year like 1928, improved equipment and techniques allowed them to do the job with 250,000 fewer employes...
Synthetics meet all specifications of the U.S. Lawn Tennis Association. It calls them "a tremendous improvement," but not the equal of prewar balls. Players who have tried them add another caution: like all tennis balls before them, these have the same tendency to go out or in the net...