Word: nettings
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Dates: during 1950-1959
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...bull market continued to edge up last week, investors kept a sharp eye on the form sheets of second-quarter earnings and hustled to place their money on the winners. Most sparkling performer was Chrysler Corp. President Lester Lum ("Tex") Colbert reported a 20% jump in net to $44 million in the first six months despite a 10% drop in sales (to $1.3 billion). Chrysler's good showing, said the company, resulted from auto-price increases big enough (15% in a year) to overcome higher taxes (up 220%), and higher unit costs caused by restricted auto output...
...second-quarter profits, hard hit by the textile slump, were down 95% to $215,327, not even enough to cover the dividend on the preferred stock. Western Union, which reported that the seven-week telegraph strike caused a $3,902,125 half-year loss v. a $4,246,672 net in 1951, was knocked down nearly two points...
...Like giant Bethlehem (off 77% to $5.3 million), other steel companies showed the drastic effects of 28 strikebound days in the second quarter. National Steel's earnings were cut in half to $6.8 million; Sharon lost $430,280 v. a 1951 profit of $2.8 million; Follansbee's net dropped from...
...Despite strikes, Socony-Vacuum netted $84 million for the first half, up 10% to a new record. But Standard Oil of California's second-quarter net was down 2.5% to $45.4 million; Texas Co.'s was down 19% to $40 million...
...those 50 years, air conditioning, which was once considered a luxury, has become standard practice. In the last ten years, Carrier Corp., which is the biggest industrial conditioner and has about 15% of the home market, has quadrupled its gross to $80 million, and tripled its net to $3.6 million. President Wampler, 57, thinks that is only the beginning. In the next ten years, said he last week, air-conditioning sales should more than double; the number of houses having single-room air conditioners should increase tenfold to about 5,000,000. Said Wampler: Man will forget "the day when...