Word: nettings
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Dates: during 1940-1949
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...small companies, like Lukens Steel Co., insisted that they could not afford to pay increases at the current rate of earnings. Said Lukens' Robert Wolcott: "Wage increases can't be paid out of past profits . . . [In] the four-week . . . period ending July 9, 1949 . . . Lukens . . . showed a net loss...
...Mason reported, almost half of the U.S. net capital assets was controlled by just 113 corporations. There were 13 industries in which better than 60% of all manufacturing facilities were owned by three companies in each industry...
...industries not usually mentioned in the same breath with aluminum or tobacco. Carpetmakers, for example, were dominated by four firms, Alexander Smith & Sons, James Lees & Sons, Bigelow-Sanford and Mo hawk Carpet, which owned 57.9% of the industry's productive facilities. National Biscuit Co. controlled 46.3% of all net capital assets in its industry in 1947. Armstrong Cork owned 57.9% of all the land, buildings and equipment in the linoleum industry. "Two giant organizations virtually preempt" the making of tin cans, charged the FTC report, with American Can Co. and Continental Can Co. sealing up a total...
...Some of the more familiar targets for trustbusters, according to the FTC survey, showed a much greater spread in control. U.S. Steel, for example, owned only 28.6% of the steel industry's net capital assets...
...Corp. stockholders had one consolation: nothing had been kept from them. When K-F President Edgar F. Kaiser reported a $5.8 million loss for the first quarter, he had predicted further trouble. Last week, K-F reported a second-quarter loss of $2,300,000 (v. $3,900,000 net in the same 1948 period...