Word: profit
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Dates: during 1930-1939
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...serious means of turning his ingenuity to profit, Dr. Longoria approached the problem of welding fine wires. In making paper on Fourdrinier machines, belts are used made of wire mesh in which the wires are only about .01 inch in diameter. To make long belts, sections of screen must be joined together. Arc welding or flame welding with a torch would be cheap and convenient, but it is impracticable because if the heat is applied an instant too long, the soft brass or bronze is burned and the seam ruined. In the Longoria device the weld is made with...
...year. There is no labor cost-the butcher more than pays for his time by butchering fees. Power and maintenance costs average about $900 per year. Depreciation at $500 per year is a liberal estimate. Locker rents give a gross income of $5,000. Net result is operating profit of $3,500 per year: enough to amortize entire investment in less than ten years...
...Founder John Daniel Hertz. Discussing the track's policy and progress, Mr. Hertz announced that since 1929 Arlington Park has repaid all but $700,000 of the $5,000,000 debt it incurred seven years ago. When the $700,000 is written off, Arlington Park, only non-profit race track in the U. S., will put its surplus into plant improvements, richer prizes. When prizes reach a reasonable limit, Chicago racing will turn over $500,000 a year to charity...
...pennies left over after bets are paid off to an even nickel). Including the breaks, Narragansett's take last year was $2,174,000. Concessions, programs, gate receipts, added another $457,000. After handing out $717,000 for purses and paying all other expenses, Narragansett showed a clear profit of $507,000 for the year, which made it financially the best track...
...amazement of U. S. textile men, Amoskeag emerged the next year with a profit of $1,065,000. Dumaine had fired every nonessential jobholder in plant and office, cut wages, shaved overhead, started the production of rayon. It was a miracle of retrenchment but, except for a scant $31,000 in 1933, it was Amoskeag's last profitable year. Depression staggered the company in 1930 with a loss of $1,345,000 and during the next five years Amoskeag's losses piled up over $4,000,000. In two years the company paid...