Word: nets
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Dates: during 1940-1949
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...that more than half the increased traffic now in sight would move from south to north and from west to east-the directions in which the costly movement of empty freight cars is now heaviest. Meanwhile the railroads have been experimenting with low rates for trainload hauls. Moreover, railroad net operating income has risen sharply this year. If Henderson is to prevent price increases, he will have to get power from Congress to find some way of putting through reduced freight rates for shipments diverted from water transportation; or else he will have to make up the difference...
...White (who worked for B. & O. 25 years, and Central of New Jersey seven years, before going to Western Union) takes over with the tracks almost clear. Last year B. & O. made $5,549,497 after all charges. During the first quarter of this year B. & O. had a net operating income (before fixed charges, taxes, etc.) of $10,316,672-up 112% over 1940. But Roy White, like Uncle Dan, likes railroading in general, B. & O. in particular, no matter what the signals read. In his new job he takes a $25,000-a-year cut in salary (from...
...Net result of this combination of rising taxes and costs has been an economic phenomenon: for the first time industrial production is going up faster than profits. In other periods of expanding business, profits have outrun production: in 1937's March quarter, when production was 28% over the corresponding period of 1936, profits rose 47%; a 20% production rise in the final quarter of 1933 boosted earnings 900%; even in 1929's first quarter a 14% rise in production lifted profits...
...rose 40% to new peaks but profits of 25 companies ($50,813,000) were down 4% from year ago. Even giant, well-managed Du Pont (with spectacular new successes like nylon and neoprene to help out), found quadrupled taxes eating away profits faster than they could be made, saw net drop from...
...General Motors saw first-quarter auto sales jump 45% to an all-time high of 608,702 cars and trucks but net income dropped from $67,052,000 to $64,663,000. Reason: Taxes and contingencies totaled $75,152,000 v. $18,303,000 in the first quarter of 1940. In all of 1929, G.M. paid only $28,120,908 in income taxes. Stude-baker's first-quarter deliveries rose one-third to a record of 30,298 cars and trucks while net profits dropped from $512,000 to $180,000. But some automakers bucked the trend. Nash-Kelvinator...