Word: nets
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Dates: during 1950-1959
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Dulles set about drafting the week's second reply to Khrushchev, worked out the final details in an hour-long session with the President. The U.S. letter's net: 1) it was up to the Security Council to decide the meeting's "composition" and "conditions" under "established rules," and 2) the meeting should deal with the whole range of Middle East problems (i.e., including Russian and Nasserian troublemaking). "To put peace and security on a more stable basis in the Middle East," wrote Ike, "requires far more than merely a consideration of Lebanon and Jordan. These situations...
...help for China to stave off disaster. One day last week Mme. Chiang, back in the U.S. from Formosa for medical checkups, went to Ann Arbor to accept an honorary doctorate of laws from the University of Michigan, there delivered another timely warning that had fateful undertones. Its net: because of too much intellectual handwringing over the horrors of modern war, "freedom and the values of human dignity, which we were taught to cherish above all else, have begun to be secondary to biological survival...
...totaled "about 500,000-slightly more than in the first quarter," but still well below last year's figure of close to 700,000. Long-distance phone calls rose by 4% during the first half. Together, the two gains helped wipe out the first-quarter downturn in earnings. Net profits for the second quarter totaled $233 million, v. $214 million for the same quarter last year. Revenues were $1.66 billion, v. $1.57 billion last year. Said President Kappel: "While our current rate of gain is lower than in the last few years, nevertheless it is still substantial...
...such shrewd tactics, the company, which the Tishman family controls with nearly 50% of the 1,940,000 shares of common stock, netted $4,033,975 in 1957, although the net profit for its first half of this year is down to $1,250,000. Tishman's goal is to build enough properties so that most or all the firm's profits will eventually come from rentals, make it immune to ups and downs in the market for new building. Says Norman Tishman: "When the day comes that we don't care whether we make a sale...
...Executive Vice President Harry Winston Bradbury, 62, a British-born career coalman, was elected president of Pennsylvania's money-losing Glen Alden Corp., biggest U.S. producer of anthracite (1957 sales of $62 million brought a net loss of $3,494,000). He replaces Francis O Case, 63, inactive since April, when Bradbury moved in from the presidency of Lehigh Valley Coal Co. Case had approved of the plan to merge Glen Alden with List Industries, successor to RKO Theaters Corp. and owner of 38½% of Glen Alden stock. But last week the Pennsylvania Supreme Court enjoined the plan...