Word: nine
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Dates: during 1940-1949
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Bill of Divorcement. The Government asked that the 17 defendants be prohibited from acting both as adviser and underwriter for any company, or from having a representative on the board of such a company. Most important, the Government asked that the nine largest firms (Morgan Stanley; First Boston; Dillon, Read; Kuhn, Loeb; Blyth; Smith, Barney; Lehman Bros.; Harriman Ripley; Goldman, Sachs) be prevented from participating in any securities-selling syndicate in which any of the others participates...
...million Caronia will have the new Cunard look: single funnel, single mast, sharp clipper bow and a cruiser stern. The Caronia will carry only two classes on its nine decks, on winter cruises and the dollar-rich transatlantic trade. Britain has to get more of her share of that...
...them began to cut back production long before last May, thereby shoring up prices-and profits. Shoe sales dropped about 20% in the first half of this year, more because of consumer resistance to prices than because of satisfied demand. Instead of lowering prices the industry in the first nine months of this year cut production nearly 60,000,000 pairs...
Chairman Irving S. Olds reported that in the first nine months of this year U.S. Steel had netted $97,306,461 after taxes, a rise of 69% over the same period last year. (Besides the extra, its directors also increased the regular common stock quarterly dividend by 25? to $1.25 a share, thus putting the stock on an annual $5-a-share basis.) Olds also said that Big Steel "has not given any consideration to a price rise at this time...
Compared to General Motors Corp.'s report last week, Big Steel's rise was small. G.M.'s net for the nine months was $213,217,476, up 1,300% over 1946, when strikes shut G.M. down much of the time. Both companies actually did better than the net profit showed. They charged off record amounts for depreciation on the theory that "normal" depreciation write-offs are too small in the face of rising prices. Such write-offs, which for tax purposes are considered as profit, would have boosted Big Steel's net by $19.6 million more...