Word: profit
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Dates: during 1930-1939
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...same period last year. Taken by the quarters, the results were not so bad as they appeared. Whereas U. S. Steel lost $2,173,000 in the first quarter of 1935, its deficit for the second quarter was only $762,000. Better still was the operating profit per ton of steel. On each of 3,553,999 tons delivered, the company made an operating profit of about $7.50 against $5.36 for the full year 1934. Thus it was clear that U. S. Steel had got a firmer grip on the costs of its Brobdingnagian household. Nonetheless the directors, still unconvinced...
...dealer $400 down. The finance company pays the dealer $600 for the account. Then the customer pays the finance company $55.75 a month for twelve months, thus making his new car cost him not $1,000 but $1,069. The $69 is the finance company's gross profit, out of which must come cost of handling the account and of fire & theft insurance on the car. The $69 represents 7% of the total cost of the car, but 11% of the balance after the first down payment of $400. Credit companies also finance automobile sales between wholesalers and dealers...
Depression was hard on the fountain pen business. Sheaffer had a $676,000 deficit in 1933. Common dividends stopped. Business improved the following year and for the fiscal year ending Feb. 28, 1935 the company announced a net profit of $442,000. Last week Sheaffer Pen celebrated Walter Sheaffer's 68th birthday by moving up from the New York Curb Exchange to the New York Stock Exchange, listing 162,355 shares of common stock on which the dividend ($1) was resumed last March. Said portly, affable President Sheaffer: "Business is satisfactory, very satisfactory...
...time calculated as 296. A few months ago an official reckoning set the number remaining at 164, of which 104 were operating companies. Some Hopson companies were management companies, some engineering companies, some vendors of electrical appliances. By a nice arrangement these companies could sell their services at a profit to the operating companies: 2½% of revenues for management, 7½% for engineering, 6% for interest, etc., etc. At a recent hearing in New York State evidence was given that a $125,000 engineering company in which Mr. Hopson and his four sisters were partners in six years charged...
...business lately is a waning interest in day-to-day Washington news, a rising interest in Business itself. Most U. S. businessmen still damn the New Deal as freely as ever-but not in impotent rage. Less than a year ago they were hysterically predicting the doom of the profit system. Now they ease their minds with forthright opposition to White House policies, count on the courts to sustain their objections and devote more thought to making and selling goods. But the most soothing influence on jittery business nerves has been profits...