Word: nettings
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Dates: during 1950-1959
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FLYING TIGER LINE, back in the black after 18 months of red ink (net income for fiscal 1955: $400,188), will order ten Lockheed Super Constellations (capacity: 18 tons of freight) for its runs across the U.S. and overseas. Order is the biggest ever placed for a nonmilitary cargo fleet...
...fiscal year, the Government spent a record $2.1 billion supporting farm prices. The total investment for crop buying and loans is now a staggering $7 billion, a full $1 billion more than last year, even though the Government disposed of $1.3 billion worth of surplus products at a net loss of $800 million in 1955. Yet despite such vast spending, U.S. farmers complain that they are worse off than before...
...Net farm income is down to $11 billion, a drop of 30% from the Korean war peak of $15.8 billion and the lowest level since 1942. The Democrats blamed the Administration's system of flexible price supports, wanted a return to rigid supports; the Republicans snapped back that it was rigid supports that had saddled them with the farm problem in the first place, that the flexible program had not yet begun to take effect. But for many nonfarmers, the big question...
...little or no warrant for believing that our recognition of the Central People's [i.e., Chinese Communist] Government would cause the Communist world or any part of it to modify its over-all objectives and thus resolve or diminish the ultimate cause of tensions in Asia. The net effect probably would be to increase the self-confidence, the will to conquer, and the capabilities of the Soviet-Communist empire. Those who think otherwise would do well to review our recognition of the Soviet Government, and British recognition of the Central People's Government. The Soviet Government gave promises...
...John Barr last week reported the cost of the proxy fight to repel Raider Louis Wolfson. The bill: $692,250. The cost of the fight, plus a change in the method of computing the corporation's tax caused by a tax law change, cut the company's net for the first six months to $11,771,690, a 5% drop under 1954, despite a $22 million rise in sales. But Barr also had some good news. The company plans to open 100 new catalogue-order offices by the end of next year, the first sizable Ward expansion...