Word: plummets
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...everyone else, sell out at large losses, but the plans themselves were faulty. Most called for stock to be bought at a fixed price on a fixed day and paid off in rigidly fixed installments. Thus, a worker might buy a stock valued at $200, only to have it plummet to $20 a share while he was still paying off at the original price. In many cases, the only way for a worker to escape was to quit...
...when the war ended, S. & W. ran into rough weather. In a single year, the line saw its gross plummet nearly 50% from the 1953 peak of $13.6 million. It returned six leased DC-4s, chopped its personnel, and hustled up private air freight, flying everything from European leather goods for the carriage trade to Indian rhesus monkeys for the Salk polio-vaccine program. It bought four new Lockheed Super Constellations to give customers faster service, expanded its service to the point where this year's revenues will top $15 million. Next step: more expansion by buying more long...
...have been steadily losing ground in their attempts to win over the workingman. In some two dozen northern industrial plants, union control has passed out of Communist hands. Last week at Falck Steel's Milan .plants, the Reds were decisively beaten again in plant elections, saw their vote plummet from 72% last year to a minority...
...surface, American Woolen was far from a prize catch. Once the powerhouse of the woolen industry, it saw its sales plummet in two years from $253 million to $73 million in 1953. In the past three years its losses have totaled more than $30 million. Only recently did it make a halfhearted attempt to get into synthetics; its northern plants are antiquated and its invasion of the South consisted of buying an old tobacco warehouse and an ancient mill. But Royal Little's reasons for wanting American were plain: it has $28 million in working capital...
...despite these additions, the primary advantages of the converting, as far as both hockey coach Cooney Weiland and the athletic budget are concerned, are that the sextet will be able to practice every day and that refrigeration costs should plummet...