Word: profit
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Dates: during 1930-1939
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From this operating profit of its first 102 days (82 days to go), the Fair paid $2,314,990 to a trustee towards retirement of its $26,995,000 of 4% bonds, and $1,659,665 to reduce a $3,500,000 bank loan. That left very little in the kitty. It had on August 2 about $1,613,000 of cash and accounts receivable, quick assets, which amounted to only about 40% of its quick liabilities. For the Fair had still to retire a $1,700,000 bank loan, had $4,113,000 of unpaid and past due bills...
Just who would profit by such a system, except for recording companies and some finely trained audience ears, is still problematical, but sure losers would be: 1) networks which would have little reason for existing; and 2) American Telephone & Telegraph Co., which collects some $6,000,000 annually from the networks for the use of 202,000 miles of wire hookups...
...after her death the Tribune began to show losses instead of profits. In 1928 its net profit had been $174,953.14, its surplus $1,794,314.87, and it had paid $186,000 in dividends. By 1934 its net loss was $75,995.07, it had a deficit of $152,924.87, and dividends had stopped...
Since then Fred Nolan has kept his heavy undershot jaw set for his two favorite principles: 1) that transportation, like any other commodity, must be cheap to be sold in quantity and at a profit; 2) that transportation must follow population...
...year-old Stetson business was robust, grey-haired, 43-year-old George L. Russell Jr., former vice president and treasurer. After a miserable 1938 with a net deficit of $413,534, he was recently able to announce for the first half of fiscal 1939 a net profit of $37,090. No. 1 rule of Stetson's Philadelphia office: no hatless man is allowed to come in the front door...