Word: nine-month
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Without comment, Curtis Publishing Co. last week released some statistical bad news: its nine-month report. The figures showed that through September, Curtis had an operating loss of $8,000,000-a deficit substantial enough to assure the publishing house its fourth straight year in the red. To add to its troubles, there is the editorial rebellion that for more than a month has occupied the attention of the Curtis board...
There were also losers, of course. While American Tobacco and Liggett & Myers forged ahead with sizable earnings increases, Lorillard slipped in nine-month earnings despite a third-quarter gain and R. J. Reynolds suffered a 12% setback in profits. Strikes caused a sharp 71% break in Kennecott's profits, and Chrysler sputtered into a 50% decline because of unusually high changeover costs. These were the exceptions, but the good news contained a dividend of hope for them too. The current quarter, which is usually among the year's most profitable for many corporations, is sure to be even...
Time Inc. magazines alone produced 26% of the nine-month ad-revenue figure: $181 million, an increase of 11.8% over last year. Both LIFE and TIME logged sizable gains. LIFE'S three-quarter advertising income was $110 million. With record ad revenues of $47 million, TIME is in third place; ahead of Reader's Digest and Saturday Evening Post, behind LIFE and Look ($52 million...
...billion cans a year. The industry is dominated by Continental Can Co. and American Can Co., which wrestle with each other to lead it: Continental last year narrowly edged out its rival with $1,154,000,000 in sales v. $1,149,000,000, last week announced that its nine-month sales are up 4.4% over last year. But neither, in spite of size, is able to dictate the trends. Says Continental Chairman Thomas C. Fogarty: "The demand for new packages, gimmicks, new opening devices has made our problems 100 times greater than they were a few years...
Misfortune's Child. Mehta's big chance came during a whirlwind nine-month period in 1960-61 when half the world's first-rank conductors were struck with illness. Hopscotching between continents on a moment's notice, he became the leading understudy to a host of ailing maestros, winning high critical acclaim nearly everywhere he appeared. In 1961, after stellar subbing jobs in Los Angeles and Montreal, Mehta was named resident conductor with both cities' orchestras. At 24, he rejuvenated Montreal's faltering orchestra almost overnight, stretched its season from twelve to 26 weeks...