Word: profit
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Dates: during 1930-1939
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...young engineer, Francis Breese Davis Jr., to building the world's No. 1 guncotton plant at Hopewell, Va. Eleven years ago the Du Ponts acquired control of the sick U. S. Rubber Co., the following year put dependable Organizer Davis in to explode a case of profit-making dynamite under it. Davis quickly found out where to plant the charge. Mass production methods had not been perfected in the $900,000,000 rubber industry. As he said afterwards, "U. S. was making tires like they made the pyramids"-by hand...
...production comes back. Its complaint is that while it is set up to serve an expanding economy, the public is now buying at the rate of about 50,000,000 tires a year. In the first half of 1939, the industry sold 9,217,000 tires at little enough profit to the hard-bargaining auto companies, and 17,188,000 tires at a better markup to the public. Last week its big producers were able to report quite satisfactory profits...
...well as recovery or depression when he goes to market. In the spring of 1937, when commodity prices threatened to run away, Goodyear bought heavily, and when Depression II got under way, Goodyear had to take a $10,343,000 loss-in spite of which Goodyear had enough operating profit left over...
Goodrich, when the rubber market collapsed in 1937, took a $5,653,000 inventory write-down which put it $878,580 in the red (even after a $593,249 profit on foreign exchange). But last week, Goodrich's President Samuel Brown Robertson reported sales up 27.4%, a $3,122,728 profit, instead of last year's $209,551 loss...
...contrast to Goodyear, which is decentralized, Goodrich is concentrated in Akron, blames 25-75% higher wages for its inability in the past to show as high a profit margin...