Word: nettings
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Dates: during 1950-1959
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...Breaks My Heart." Since 1951 Wilhelm has operated his ranch at a net loss of from $1,000 to $1,500 a year. "I really don't see how we're going to pay off our land, at least not in our generation," says his wife, Grace. A calm, friendly woman of 43, she does the work of a hired hand at lambing time, philosophically shrugs off such things as the fact she has never been able to buy carpets for the concrete floors of their ranch home. "The thing that breaks my heart," she says...
...tough time bringing in new equity capital and finding long-term loans at cheap rates. But he thrives anyway: business failures dropped to 10,969 last year v. 11,086 in 1954. The business population rose to 4,225,000 firms of all sizes at mid-1955, a net increase of more than 28,000 companies in a year...
...result, Reed is welcomed by foreign government officials as a genie who magically produces dollars-with a little effort and investment on their part. Many European countries are now earning more dollars from U.S. tourists than from any other source; e.g., the $126 million Britain expects to net from American visitors in 1956 is more than twice as much as it will pull in from U.S. sales of British autos...
...investments with spinsterish conservatism: all but 6% of the millions in its kitty (Jan. 1, 1955 total: $460 million) is invested in gilt-edged securities and bonds. American Express earned only .16% on its $3.4 billion worth of banking and travel business in 1955. But investment income hiked the net to $5,400,000. Dividends have risen steadily, from 51? a share...
...Carl Joyce Gilbert, 50, stepped up from vice president to president of Gillette Co., maker of razors, Paper-Mate pens and Toni permanent-wave kits (1955 net earnings: a record $28 million, up 9% from 1954). He succeeds Joseph P. Spang Jr., who becomes board chairman. Gilbert went to the University of Virginia, got a law degree from Harvard in 1931 and joined a Boston law firm, where he stayed until Gillette hired him as treasurer in 1948. He was made a vice president...