Word: profit
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Dates: during 1930-1939
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...Chanter of Fierce-Arrow announced that with the backing of George Franklin Rand, head of the Marine Midland group of banks, Jacob Frederick Schoellkopf, Seymour H. Knox and Roland Lord O'Brian, Studebaker's Fierce-Arrow holdings had been bought cut. Fierce-Arrow had a net profit of $4,770 for the second quarter of 1933 compared to a loss of $878,800 for the same period a year ago. Price paid was $1,000,000 cash; other considerations, if any, were not published. ¶In Spring Valley, N. Y. Charles Williamson resigned as a director of Ramapo...
...Commission under the new Securities Act. Last month the Speculative Investment Trust of Fort Worth, Tex. registered a $250,000 issue with the Commission. Its registration papers were found to be inaccurate and incomplete. It failed to file its advertising prospectus-addressed to "Dear Friends & Backers," promising "Big, Quick Profit Winnings," and adorned with a large NRA Blue Eagle. The concern was ordered not to sell any of its stock, under pain of $5,000 fine and five years imprisonment, until it fully complied with...
...Later Mayor Kelly gave out a statement showing his assets and net income from 1919 to 1929. He had bought & sold $1,417,011 in securities and $243,351 in real estate, at a total profit of $361,445. To this was added $362,923 from salary, dividends, rents and interest, making a net income of $724,368. TA corporate body which controls all canals, waterworks, sewage and drainage systems in Cook County. Neither fish nor fowl, it is responsible to no other local government, raises its own money by taxation. Authority is vested in nine trustees...
...Keynes. The report issued by that committee is famed among economists. A 300-page volume which cost ?1,050 to prepare, ?580 to publish, and was priced at five shillings the copy, it became a bestseller, the only Blue Book ever published by the British Government which netted a profit. Coming out in 1931 it declared: "Our objectives should be ... first of all to raise prices a long way above the present level and then to maintain them at the level thus reached with as much stability as can be managed.'' It discussed (and rejected) devaluation of currencies...
Barometer of Progress. "The destiny of Cuba is in the balance," cried Provisional President de Cespedes last week. "The price of sugar is the barometer of Cuban progress. Without a fair profit Cuba cannot produce sugar and the resources of the Government will diminish." The U.S. sugar stake in Cuba, virtually a one-crop country, can be estimated from the fact that U.S. citizens own through corporate investments nearly 70% of the islands' sugar production. Their sugar bonds, debentures and stocks, bought for some $600,000,000, are worth today less than $50,000,000, and at that...