Word: nine-month
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...General Motors Corp. reported nine-month sales of $7.9 billion, highest in its history, and $400 million more than in all of last year. G.M. netted $453 million, v. $387 million a year ago. Third-quarter earnings, nipped by the disastrous Livonia plant fire (TIME. Aug. 24), were $140 million, v. $11 8 million a year ago, when the steel strike slowed down operations...
...operating rate slipped from 98.1% of capacity in the second quarter to 95.8% in the third, Board Chairman Benjamin F. Fairless said capacity operations for the rest of the year are "about certain," predicted a 95% operating rate for the first quarter of 1954. Bethlehem Steel Corp. reported nine-month earnings of $93.5 million, highest on record. Said Chairman Eugene G. Grace: "I do not anticipate anything like a serious falling off in business next year." ¶ Westinghouse Electric Corp. reported a record third quarter, with sales of $383 million and net of $17.6 million, up 1.9% from last year...
...strike); Phillips Petroleum scored a 23% gain. And while the Texas Co.'s earnings were only 2% higher (at $47 million), directors considered the outlook so good that they declared an extra dividend of 40?. Railroad stocks picked up with the news that Baltimore & Ohio, with nine-month earnings up from $18 million to $21 million, was raising its dividend by 25? to $1 a share. Douglas Aircraft, which chalked up record postwar sales ($632 million) and earnings ($13 million) for the first nine months, rewarded its stockholders with a $1.50 extra dividend. Consolidated Vultee's earnings were...
...because his real name is the ship's secret code name), has the run of the ship. The contented crew has already pitched in $6,000 for the March of Dimes. Ramsey's proudest boast, as his ship weighed anchor for California: during the entire nine-month s cruise, he never had a man in the brig; instead, the brig was used for the storage of dishes and galley supplies...
Bounce Back. Although such bookkeeping and tax adjustments made comparison tricky, many of the gains reported last week were based on growing sales. For example, the giant Du Pont chemical empire in September had the best monthly sales in history ($146.7 million), and although its nine-months' earnings were off slightly ($3.26 v. $3.34), the third quarter showed a big rise, from 84? to $1.14. And General Motors was not only up for the quarter ($1.31 v. $1.01), but for the whole nine-month period...