Word: nine-month
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Jazzed Up Dissonance. Stan Kenton's crew, which last week was midway through a nine-month tour, is riding the crest of a post-rock 'n' roll revival of interest in bands. The revival has not yet risen to the peak of the '30s when the bands roamed the countryside in gaudy caravans, carrying a whiff of the wide world with them. But, although there are fewer bands today, the top ones are making bigger money and getting more bookings. If they wanted to, such men as Ray Anthony, Harry James, Duke Ellington, Woody Herman...
...Executives have been cut down like cornstalks lately at J. I. Case Co., Wisconsin's debt-ridden farm-implement manufacturer, which has lost two presidents and $72 million in the past two years. Last week, after a nine-month talent hunt, the board (and worried bankers) picked a new president: Merritt D. Hill, 59, who showed rare energy and chilly efficiency in building Ford's tractor division from a one-horse producer of utility tractors to a full-line implement manufacturer before retiring as a Ford vice president this month. His job now is to wipe out Case...
Philadelphia's proud old Curtis Publishing Co. (the Saturday Evening Post, Ladies' Home Journal, Holiday, American Home, Jack and Jill) has fallen on hard times. Last week, in a letter to stockholders, Curtis President Robert E. MacNeal reported a nine-month operating loss, before taxes, of $11,192,837. MacNeal's report showed that by selling off some securities and by applying a $1,398,080 reserve for income taxes, the net loss was reduced to $6,381,330. But even with a fourth-quarter upturn that MacNeal predicts, Curtis is facing the most disastrous year...
...this high level in relation to earnings." says Paine, Webber's Harry Comer. "And the market is facing a period of poor earnings reports that may blast investors' hopes." Wall Street has been oddly inconsistent in its reaction to that important barometer, earnings. When Zenith released poor nine-month earnings, its stock dropped from 103 to 99⅜. Yet National Steel announced that 1960 earnings dropped from $7.28 to $5.53, and its stock gained 1½ points...
...Great Atlantic & Pacific Tea Co., the nation's largest grocery chain, reported that nine-month profits soared to a record $1.88 per share from $1.59, and the company rewarded stockholders with an extra 20? per share and a 3% stock dividend on top of the regular 25? quarterly dividend...