Word: nettings
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Dates: during 1950-1959
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Even Bethlehem Steel Corp., which last week reported a record net of $99.3 million for 1949 (v. $90.3 million in 1948), was not satisfied that it was making enough. "To keep its existing plant and equipment efficiently producing by replacing and rebuilding worn-out and obsolescent capacity," said President Arthur B. Homer, "Bethlehem should, on the average, procure at least $117 million each year." Added National Steel Corp.'s Chairman Ernest T. Weir: "Management men are not price gougers...
...begun his business career as a clerk in a packing house, began making changes. He launched ad campaigns, even wriggled into television with a demonstration by a model of a two-way stretch girdle. Sales have grown until last year Garfinckel's gross was $21.6 million, its net...
...negotiating to sell the Sheraton in Newark, N.J. He expects to sell Toronto's Ford soon. If such quick changes were bewildering to Sheraton stockholders, they had also proved profitable: in the chain's last fiscal year ending in April 1949, Henderson had boosted the net from $1.6 million to $3.3 million after taxes. At the latest count, he figured his Sheraton Corp. had 31 hotels in 26 cities. His pride: Manhattan's Park Sheraton, on which he had just spent $500,000 remodeling, and which boasted a 99% occupancy. "The money spent," says Henderson, "brings back...
There was one more chance. A call to Mr. Valpey was bound to net some valuable information about his recent travels. This being the subject for several stories by the discriminating Boston papers, it was certainly good for the CRIMSON...
...folksy methods, big, ruddy-faced F. Stanley Beveridge, 70, has made his Stanley Home Products, Inc. bigger even than famed Fuller Brush Co., where he learned the tricks of the trade. Last year his sales hit a peak of $35 million (v. Fuller's $32,250,000); its net: $2,900,000. Last week, as he stepped up operations in the Canadian market and planned to use national advertising for the first time, President Beveridge expected a 25% increase...