Word: profit
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Dates: during 1930-1939
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...included double-tracking the main line from Jacksonville to Miami. Consequently $45,000,000 of bonds were marketed through J. P. Morgan & Co. Peak year for the 812-mile "Flagler System" was 1926, when gross revenues were $29,400,000, of which $2,700,000 were retained as clear profit. Next year revenues started to toboggan, reaching a low of $6,600,000 in 1933. Deficits piled up year after year until in 1931 Florida East Coast plunked into receivership. Interest was defaulted not only on the bonds floated by the House of Morgan but on equipment trust certificates...
Ridder defended his work from the charge of "been-doggling" by stating that none of the projects come out of thin air. They are all, he said, carried out at the request and under the direction of some City, State, or Federal department, or of some non-profit institution such as university or museum. "We do not undertake silly projects, as this word, when applied to them, makes people believe...
Inland Steel made $9,417,000 in 1935 as against $3,729,000 in 1934. This profit did not include the first nine months' earnings of Joseph T. Ryerson & Son, Inc., which would have added $691,000 to Inland's total. The Ryerson company was acquired last September. Inland, ably managed by Chicago's Block family, has rivaled National as a good earner in bad times...
Deere & Co. made $6,105,000 in 1935 as against $379,000 in 1934. Second largest farm machinery & implement company, Deere's 1935 earnings were particularly pleasing in view of a $4,335,000 deficit in 1933. The company reflected increased farm purchasing power with profit of almost 20 times 1934 earnings on estimated sales of about twice the 1934 volume...
...Reynolds Tobacco made $23,896,000 in 1935 as against $21,536,000 in 1934. Considering the generally reduced profit margin in tobacco, the $2,300,000 profit increase could have resulted only from greatly increased Camel sales. Estimates put the Camel volume at about 37,000,000,000 cigarets, compared to about 32,000,000,000 each for Lucky Strikes and Chesterfields...