Word: nets
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Dates: during 1940-1949
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...fought with new heart. It slashed into the Jap in the north (see p. 21) and in the east, particularly in Kiangsi Province, where by a series of explosive sallies it made the Jap's life miserable. It shook his hold from the eastern railroad net, sliced a big piece out of the vital Chekiang-Kiangsi railway he had spent so much blood to win. From Shensi Province in the inland north to Kwangtung on the southeast coast it snatched villages from the invaders. It lost others, but always it fought...
...Most steel mills are stuck in the high excess-profits tax brackets, and profits plopped accordingly. First sizable steelmaker to report was Wheeling Steel, which estimated net at only $750,000 v. $2,700,000 last year. Continental's profits were down 28% to $234,000. Wall Street dopesters expect giant U.S. Steel to report only $6,500,000, barely enough to cover preferred dividends and far below last year...
...electrical equipment maker General Electric cleared $10,352,000 in the June quarter, down 29% despite a 30% increase in net sales...
These sidelights are the best of United We Stand. The narration (Lowell Thomas) is patronizing, the script (Prosper Buranelli) undistinguished. Commentary, photography and score get in each other's way. Net result is a warning to future producers that it takes more to make historical documentaries than an animated file of old rotogravure sections...
...begins assessing excess profits 5% below the pre-war profit level, so that, for example, a U.S. company whose pre-war earnings were $100,000 would have an excess-profits credit of $95,000 and would, therefore, have to earn $145,000 before its net, after excess-profits taxes, would get back...