Word: profit
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Dates: during 1920-1929
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TIME thanks Double Subscribed Elliott for his correction, and hopes he will profit by Subscriber Feldman's letter below...
...Senator accepted it, though noting formally that there was a "slight miscalculation" of $20,000 or more for interest. The money was a tax refund which Senator Couzens won as the result of a fight started by the Internal Revenue Bureau three years ago to increase the Couzens profit-tax on Ford Motors stock sold by him in 1919 (TIME, January...
Capitalism, the profit system, bothers Mr. Young a good deal. He thinks society should be communal, that work should be held noble and money-getting base. These ideas, and his trial (at which he slept) for sedition with other Masses editors during the War, and his eccentricities, such as lying nakedly asprawl on his hill for sunbaths, make his Connecticut neighbors view "that c'toonist" with some alarm. They are reassured, though somewhat puzzled by his deep vein of quizzical, kindly humor. His life has been most unconventional, they feel, but they know it has been rich and gentle...
...grain market for himself, and during the World War is said to have made more money than any other individual operator. He once accumulated four million bushels of corn, bought at 80? a bushel or less; held them until they sold at from $1.11 to $1.14½; realized a profit of a million dollars. It was in railroad stocks, however, that he made his first market profits. Back in 1904 he bought some 1,500 shares of Soo Line stock at from 54 to 60, sold at 160, made what he would now consider the trifling profit...
Speculators were not alone in profit making and taking. Average earnings of brokers reached $3,000 daily. Some members sold their seats for $530,000 and $575,000. Others refused offers of $610,000. In January, these seats were worth $290,000. In 1923, they brought...