Word: plowing
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Many companies sacrificed profit gains to plow back huge amounts into research and development. Douglas Aircraft, which increased first-half sales by $17.2 million, saw its net drop from last year's by $860,000. Reason: huge research costs for the Douglas DC-8 jet transport. Better off was Cessna Aircraft. Its big spurt in private aircraft sales returned net earnings of $3.83 per share for the nine months ending June 30, up 50% from a year...
Hail always looks that way. He does not like hail, and he tries to keep at least five miles away from tornadoes. "If you play too close," he says, "sooner or later you'll plow up a snake. That...
...corn ($54), $49 per acre for cotton ($104) and $57 per acre for rice ($113). At those rates the farmer with especially promising crop prospects would probably stay out of the program this year, but the farmer afflicted by adverse conditions, e.g., drought, insect infestation, would be likely to plow under his crops. In that sense the Benson program was tooled to help the farmer who needed it most...
Last week, out on bail awaiting trial, and in seclusion on the farm, Vernon Richter cocked his ear at the sound of tractors, looked out to find 30 men with 20 tractors arriving from nearby farms. While his neighbors helped him plow 100 acres and seed them with corn and soybeans, 15 women spread a potluck lunch, had a friendly good time. The plowing done, Richter tried to thank his departing neighbors, but broke down. Said Farmer Harold Hearstad: "He's a nice fellow and a good worker. He just worked too hard...
...year's end Barbara was stunned to learn that Rancho del Monte had turned a profit of $4.98. "Do we take that four ninety-eight profit and plow it into a fund for our old age?" she asked. "We do not," Bill said stanchly. "We put every penny of it back into the ranch." After a hectic visit to New York which showed her just what she was not missing. Barbara agreed...