Word: nets
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Dates: during 1940-1949
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...industry found that, despite strikes, shortages and controls in 1946, actual profits lived up to the great expectations. The big boost came in the final quarter of 1946. Then, the Department of Commerce estimated, production had increased to such a peak that the national income (wages, rents, net corporate profits, etc.) was at a rate of $173 billions annually v. $164 billions for the whole year...
...great surprise, steel, the basic industry that supported this tremendous production, turned in some boxcar profit figures. U.S. Steel Corp., which shipped more steel (4,902,742 tons) in the last quarter of 1946 than in any peacetime year, ended up with a whopping net of $88,683,530 for the year, more than 50% better than in 1945. In the last quarter alone, net profit was $31,215,636 v. $13,267,300 in the same period of 1945. Strikes hurt Big Steel less than expected because it charged off the cost-some $29,000,000-against reserves piled...
Most of the other big steel companies also did well, with profit boosts ranging as high as 68% over last year. Poorest performer on the books was Bethlehem. Its net profit for the year was only 19% better than in 1945. But it was still Bethhem's best showing in six years...
After a faltering start, the Jayvee aggregation gathered momentum as Bill Hamlen bulled his way through a host of Newtonians, kicking and blasting the puck into the net to tie the first stanza score...
Still tending the Crimson net will be Jack Lavalle, while George Tilghman and Dick Greeley will alternate at defense. Tom Moseley will center a third line with Bill Ayres and George Gebelein at wings...