Word: profit
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Dates: during 1930-1939
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...Deal's cost. From the six billion he subtracted a $1,600,000,000 increase in the Government's cash on hand. He also subtracted $1,095,000,000 of assets acquired by RFC and other Government lending agencies. Then he also subtracted $2,800,000,000 of "profit" from devaluating the gold content of the dollar, a decidedly tricky item. The gold profit does provide a means which some day can be used to pay New Deal expenses, but it nonetheless represented a cost to the country. If the New Deal called in all silverware, and then handed back...
...future delivery. While he is milling his wheat, the price drops and with it flour. Thus he makes no money on the flour he sells. But having sold wheat short, he now buys in 10,000 bu. to even up his short position, making a profit on the transaction. If wheat rises, he makes more money on flour but loses on his short sale. In either case he makes his legitimate profit as a miller, no more, no less...
...purchasing agents told the hardwood manufacturers something like this: "We cannot afford to pay $66 per thousand ft. of oak. We know that is the minimum price established by your code authority but we can pay only $60. We know and you know that $60 will leave a profit. If you accept the order you will be violating the letter of your code but you will not be violating the spirit, which provides for protection of costs. In any case we request you to report the order to your code authority...
Knowing that they could indeed make a profit at the Fisher figures, 62 concerns gladly divided the huge order. Bartlett C. Tully of Anderson-Tully Co., one of the biggest hardwood units in the hardwood capital of Memphis, made haste to resign from the code authority because he shared in the Fisher order. Recruiting hundreds of allies the 62 defiant companies then asked the code authority to abolish price-fixing. Last week after the Memphis pow-wow their petition was flatly denied. NRA Deputy Administrator E. A. Selfridge threatened to crack down, declaring that the Department of Justice was ready...
...taking in $1,000,000 annually. Last year, still operating on the simple principle of presenting the housewife with a good coffee pot, a good toaster or some Haviland china with her first order, Jewel Tea rolled up sales of $14,000,000, retained nearly $1,000,000 as profit. In the first half of this year it sold $9,000,000 of merchandise, about $1,500,000 more than in the same period of 1933. And instead of a $300,000 profit for the period, it reported earnings of $700,000. Last week, "on the basis of unusual accomplishment...