Word: nettings
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Dates: during 1950-1959
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...customers jammed into Harold's every day. bet well over $100 million over the year that they could beat Ray Smith's partnership with chance. Upwards of 30% of them succeeded. But from the rest. Harold's Club grossed an estimated $15 million for a net which outsiders put at $2,000,000. Last week, as the big Nevada tourist season got under way, Ray Smith predicted that 1953 would be his best year ever. From the looks of his traffic-flow charts, it seemed a safe prediction. In the first quarter of this year, attendance...
...rosiest came from General Motors. President Harlow Curtice reported that arms orders and the biggest production of cars and trucks since 1950 had brought G.M. sales to $2.5 billion, an alltime high rate of $10 billion a year. The gross was up 42.6% from a year ago, and net profits were...
Studebaker was not so fortunate. Harassed by tooling troubles in the production of its sporty new model, the corporation reported a net loss of $984,489 v. $4,862,149 profit last year. But with production up to 92% of capacity, President Harold S. Vance said that the company should be well in the black in the current quarter...
...petroleum industry, Standard Oil (N.J.) saw its profits drop 4.5% to $126 million. But Socony-Vacuum had a 7.3% gain to $44 million. The net profits of Standard Oil of California ($42,016,-201), Texas Co. ($42,681,806) and Gulf ($35,629,000) remained about the same...
...Aviation sales and profits were soaring. On 37.9% higher sales, United Aircraft's net climbed about 65% to an estimated $5.5 million. North American's earnings went up 56.8% to $2,650,000 and Curtiss-Wright's 38.4% to $2,445,642. Glenn L. Martin Co., which lost $669,606 last winter, cleared $1,754,079. Some of the airlines did even better...