Word: nettings
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Dates: during 1950-1959
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...Carlson, ranking Republican on the Senate Post Office Committee, to limit a postal pay raise to 8½% (v. 12½% in the bill and 6% recommended by the President). The limitation was snowed under 54 to 29 when 15 Republicans, many regular Eisenhower supporters, deserted to the Democrats. Net result: the ungainly bill lumbered toward a conference with the House with $175 million of its expected $732 million of added revenue pledged to building post offices, another $320 million earmarked to raise the pay of letter carriers and clerks...
...General Electric's 1957 net jumped 16% to $2.84 a share, although sales went up only 6%. Earnings for the final quarter alone rose 21% over the year-ago level to 74? a share...
...Merck & Co.'s fourth quarter net increased from 45? to 51? a share, and profits for the whole year advanced 14%. CJ Reynolds Metals Co. brought in 88? a share in the fourth quarter v. 85? in 1956, but profits for the year dropped 8% in spite of record sales...
...filter on its Winston brand until in 1957 it let through 3.8 milligrams of nicotine, 22 milligrams of tar v. 3 milligrams of nicotine, 22 milligrams of tar for unfiltered king-size Chesterfield. The percentages are similar for Marlboro, Viceroy, Tareyton, Parliament and the rest of the popular filters. Net effect: "The public has paid premium prices of 2? to 6? per pack . . . for 'protection' they did not receive...
...Though not a drop of oil had yet been discovered in the Neutral Zone, he offered Saud $9,500,000 in cash, $1,000,000 a year whether he hit oil or not, to be applied against 55?-per-bbl. royalties and 25% of the company's net profits from Neutral Zone production. In 1949, "in the name of God, the Merciful, the Compassionate," Pacific Western and the Kingdom of Saudi Arabia signed an agreement giving Getty one-half interest in the Neutral Zone for 60 years. Getty sent son George to run the new venture, pumped...