Word: nettings
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Dates: during 1950-1959
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...brawny line of the University of Texas threw the verdict out of court. In a roaring affair at Austin that seemed to settle the Southwest Conference championship, Texas not only gave the Methodist Mustangs their first defeat of the season (23-20), but tossed their running plays for a net loss of 68 yards...
...housing boom, now being choked off by the new credit controls, had proved a bonanza for many a supplier. Bigelow-Sanford Carpet Co., whose rug sales had slumped last year, managed to increase its net an incredible 30-fold from $61,500 to $1.9 million by merely doubling its sales. Alexander Smith & Sons Carpet Co., which boosted its nine-month net six-fold to $4 million, declared an extra dividend of 50?. So did American Radiator & Standard Sanitary Corp., biggest in the plumbing fixtures trade. American Radiator's net hit an alltime high of $17.7 million for the first...
...biggest in U.S. industrial history, surpassed last year's total in the first nine months alone. But the higher corporate taxes (42% v. 1949's 38%), which were retroactive to Jan.' i, took such a big bite (roughly $50 million) that G.M.'s third-quarter net of $217 million was below the second quarter. G.M. set another record: its $605 million tax set-aside for the first nine months of 1950 was the biggest tax bill in corporate history, and more than the total profits of the entire U.S. steel industry...
...Morale. Recently, however, Romanoff's has fallen victim to its own social standards. Profits, which hit a peak of $87,000 seven years ago, have slipped. This year, Romanoff expects to net only $16,000, chiefly because of rising overhead and the fact that bar revenues, which once accounted for 50% of the gross, have tumbled. The reason: no one wants to drink at the bar and be branded a nobody. That is particularly true when choice empty tables are marked "reserved." Says Mike: "It's very bad for the morale for one to walk past those empty...
...intercollegiate committee for the evaluation of American college teaching methods will be net up by the National Student Association. The group will concentrate on: curriculum evaluation, honor system, and social contact between student and faculty...