Word: nettings
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Dates: during 1940-1949
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...profits were not confined to Big Steel. (President Truman, at his press conference, said he had always contended that steel prices were too high and he still thinks so.) Bethlehem Steel's net for 1948 was $90.3 million, up 76.8%, but the company cut no extra share of the dividend pie. Armco Steel, with a 28% increase in its profit to $32 million, boosted its quarterly dividend from 50? to 62½?. Wheeling Steel kept to its regular rate ($1 a quarter), though its earnings had jumped to $23.24 per common share (v. $18.66 last year), nearly half...
...step up production of diesel-powered Caterpillars to grade roads, dig foundations, clear jungles and move mountains all over the world. With its new production Cat hopes to boost its sales, already the highest in its history. Last year, on a gross of $218 million, Cat reported a net profit of $13.7 million, nearly 40% over...
...Net: 400%. Ponzi's secret was absurdly simple, he explained: he bought depreciated foreign currency with U.S. dollars, converted it into International Postal Union reply coupons at par, then converted the coupons back into dollars. Net: 400%. The police commissioner assigned inspectors to investigate Ponzi; they ended up investing in his company...
...cash and Rockefeller had 4,000 shares of highly speculative preferred stock. The deal helped McDonnell to build his second-floor engineering office into St. Louis' McDonnell Aircraft Corp., which during the war made 7,000,000 Ibs. of airframes, and last year earned a $1,600,000 net profit on $20 million in sales...
...year-old Marvin E. Coyle, known as "Mr. Facts & Figures." (Others: Ormond E. Hunt, 65, specialist in production problems, and Albert Bradley, 57, financial expert.) Last month Mr. Coyle went to Washington, where a Senate committee wanted to talk with him about G.M. profits (which hit an astronomical net of about $450 million last year). Neither apologetic nor apoplectic, Witness Coyle pointed out that G.M.'s prices had not been out of line, that there had also been "profits for the customer." He asked the Senators to step outside. There, he had parked a 1929 Buick...