Word: nettings
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Dates: during 1950-1959
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...year, it hit 43 last week. The big puzzle was how much LeTourneau* would pay per share to buy up the 186,000 shares of common stock held by the public. Wall Street calculated that after the preferred stock, debts and taxes were paid off, there would be a net from the sale of $17.5 million. On that basis, each of the 503,370 LeTourneau shares is worth about $35 in cash from the sale, plus the value of unsold assets in the part of the company LeTourneau retains. LeTourneau himself has no intention of retiring. He plans...
...company's net earnings after taxes dropped from a high of $6.5 million in 1946 to only $76,400 last year, and Collier's was largely to blame. As ads dropped off sharply (20% less linage this year than 1952), Cottier's averaged only 72 pages an issue, half the average size of its chief competitor, the Saturday Evening Post. As advertisers pulled out, Cottier's had to cut down space for editorial matter, making the magazine even less inviting to the advertisers who remained...
...cold cash of profits. Although Ford still keeps its finances secret, enough information was let out by the family to give the U.S. business world, for the first time, an accurate appraisal of the empire's financial position. * Over the past six years, the company's net profits after taxes totaled $870 million (see table), more than the entire worth of the company when young Henry took over. To the thousands of people invited to Dearborn for the anniversary celebration, there were many other things about the new empire which the three brothers were proud to talk about...
American boosted its net 92% to $1,889,000, and Eastern's earnings increased the same amount to $1,858,975. Even T.W.A., which usually loses money in the first three months of the year when its east-west traffic slows down, managed to cut its losses slightly...
...steel industry, record sales of $927,925,909 increased U.S. Steel's net 13.4% to $49,375,958. Republic's net jumped 17% to $13,759,513 and Jones & Laughlin's 19.8% to $5,642,000. Biggest gainer of all was Bethlehem, which reported sales up 7.3% to a record $500,407,927 and earnings up 63.6% to $30,961,033. But though steelmakers' earnings were good, none of the companies thought they were good enough to absorb an industry wage increase (see above) or higher costs. Said Bethlehem's Chairman Eugene G. Grace: "Since...