Word: nickels
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...Singer Manufacturing Co. sells sewing machines in almost every part of the globe where clothes are worn. So long does it take to assemble Singer figures from the preceding year that the annual meeting can never be held until September. Last week, having accounted for the very last nickel, yen, leu, franc, shilling, florin, drachma, peso, pengo, rupee, escudo, zloty, mark and finmark. Sir Douglas Alexander, Singer's venerable president, announced that profits for the year 1933 were...
...handiest places to put dollars safe away from Inflation, Revolution or the tribulations of the New Deal is in International Nickel, a Canadian corporation with most of its properties in Canada and a practical monopoly on the world's nickel supply. Long a favorite with excitable investors, Nickel is officered by U. S. citizens, its shares are listed on the New York Stock Exchange and an investment entails no confusion over foreign exchange or incomprehensible balance sheets...
Last week Nickel proved that it was not only a good repository for dollars but a money-maker in any currency. For the first half, Nickel reported a thumping $10,000,000 profit against $1,800,000 in the first six months of 1933. Possessing 90% of the world's nickel, Nickel would profit from war. At present not more than 5% of its output is used in armaments.* When Robert Crooks Stanley took the presidency in 1922, his job was to create a peacetime business. Nickel was such a drug on the market that the mines were closed...
...More than one-third of Nickel's nickel is used to toughen steel, 20% going indirectly into automobiles alone. But a 10,000-ton cruiser needs about 50 tons of nickel, a French 75-mm. field gun about...
...Diesel engines, spark plugs, vacuum cleaners. Translated into dollars, its three-month sales jumped to $303,000,000?an increase of no less than $100,000,000. Yet wages and the cost of materials jumped even faster. So GM did its additional $100,000,000 of business without a nickel's profit. Indeed its three-month profit of $40,000,000 was actually $1,000,000 less than in the same period last year...