Word: nettings
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Dates: during 1950-1959
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...President Eisenhower, since it is up to him to enforce the law. So vital a role do civil rights and the Dawson line play in Democratic strategy that in New York last week Adlai Stevenson made a Dawson-like pitch the theme of a Waldorf-Astoria fund-raising dinner (net result: $140,000) that attracted such civil-rights stalwarts as Eleanor Roosevelt, New York's Senator Herbert Lehman and New York City's Mayor Robert Wagner...
...buyers of shares in Utah's Consolidated Uranium Mines Inc. He said that Consolidated had 85,000 acres of uranium land leases and had discovered $1,000,000 worth of uranium ore on only three of these acres. His salesmen grandly put Consolidated's net worth at $85 million, said the company's gross would jump 10% yearly and the stock would sell at up to $20 a share in a few years...
Consolidated Uranium itself had no part in the deal, and President Edward G. Frawley repeatedly protested to Tellier about the "exaggerated statements" in sales literature. Actually, Consolidated does not even own its biggest ore fields, and may lose them when its contracts expire in 1960. At most, its net worth is $1,000,000. Current value of the stock: about...
...financial power to obtain advantages over competitors." The committee also hinted that the Government should end G.M.'s 80% domination of the bus market, limit its expansion into such fields as diesels and earthmovers. It also suggested that G.M.'s profits are so high ("31% of its net worth" after taxes last year) that it could cut car prices. The committee overlooked the vast implications of that bit of advice: price cuts by G.M. would force price cuts by all automakers, almost certainly put the hard-pressed independents out of business and leave G.M. with an even bigger...
Other first-quarter reports: ¶ In the slowed-down auto industry, Chrysler's first-quarter profits were down an estimated 50% to some $17 million. Yet giant General Motors, with sales of $3 billion, almost equal to 1955's record, lost only 9% with net earnings of $283 million for the first quarter. Ford's net dropped 28% below last year to $73,700,000, but it was still the second-best first quarter in the company's history. ¶ In chemicals, Union Carbide & Carbon Corp. touched new high ground with first-quarter sales...