Word: profit
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Dates: during 1930-1939
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When President Roosevelt announced that the canal would be started at once even Florida gaped with astonishment. Most of the State had always assumed that the canal was a crackbrained project which a few boosters promoted for profit or publicity. Those who knew anything about the surveys understood that all the official reports made on the canal had been adverse; that the canal would cost $200,000,000 or more; that with interest at even 2% on the investment, the waterway would never pay for itself; that with no interest, tolls would pay for the investment only after about...
...then on down to a Depression low of $40. Even on its great modern paper machines at Gatineau and Three Rivers, Que.; Dalhousie, New Brunswick; and Corner Brook on the west coast of Newfoundland, International could not make enough money. But President Graustein discovered other profit sources. One was kraft paper, the common coarse bag and wrapping paper manufactured in the South. In the process of acquiring kraft companies, Mr. Graustein picked up a crack operating man named Richard J. Cullen, who headed the big International subsidiary, Southern Kraft Corp...
...Steel Corp, made $1,084,000 in 1935 as against a loss of $21,667,000 in 1934. In 1935's fourth quarter, U. S. Steel's profit came to $5,326,000. U. S. Steel will be big 1936 beneficiary from any booms in construction or railroad steel...
Republic Steel made $4,455,000 in 1935 as against a loss of $3,459,000 in 1934. First profit since the present company's formation in 1930, the 1935 earnings emphasized President Tom Girdler's position as steel's man-of-the-year. To refund debts of subsidiaries, President Girdler last week sold $45,000,000 of 4½% bonds maturing...
...matter who produces raw materials, they must be sold in the open, capitalist market-in other words, they must be sold for profit. If they are priced too high, they cannot be sold, and the price will have to drop. What good will it do Italy, Japan and Germany to control colonies and supplies of raw materials? Japan excepted, none of them has sufficient capital to develop colonial industries. Yet each is prepared to squander millions on colonial wars, to obtain goods they can already get, from countries with years of experience in producing them...