Word: profitability
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Dates: during 1930-1939
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...features, WGN dropped all chain broadcasts in 1934. According to Mutual's President Macfarlane, the stations run Mutual instead of being run by the chain. WOR and WGN went into M. B. S. on a 50-50 basis and the network was not organized for corporate profit. Officers and directors receive no salaries from M. B. S., are paid by their own stations...
...Brown's controlling interest in Certainteed last spring. What Mr. Groves wanted was a stake in the current building boom. What he acquired was a big com pany with a poor record. Certainteed has had losses every year from 1928 to 1935, when it made a small profit. It shows a loss for the first nine months...
...Equity Corp., thereby gaining control of Southwestern Life with its own money-since General American controlled Southwestern. Mr. Milton was unable to satisfy the Committee that there had been no pressure applied by Equity Corp. to make Southwestern make the $2,400,000 loan. Equity's profit in the deal was $425,000. Of the excursion of Investment Truster Milton and his associates into General American, old Congressman Sabath snapped: "They were not speculators. They were sure shot boys." Cried Wisconsin's Congressman Thomas David Patrick O'Malley about apparent discrepancies in testimony: "I think there...
...real cotton. This they had a perfect right to do, but when the word first spread through the trade early this month, it caused a scramble for the necessary bales. Cotton prices in the past fortnight jumped 1? per lb., giving the South a $10,000,000 Christmas present. Profit for Messrs. Tullis & Craig, loss for those who had to deliver, lay in the fact that good spot cotton had risen more than future cotton because of the insatiable demand from mills (November cotton consumption was 627,000 bales, equal to the all-time record for that month...
...deadline last week it was hoped by others who were pinched that somehow, somewhere, Will Clayton might use his vast resources to extricate them from their fix. But in the end Mr. Clayton sent over some of his best lint, which Messrs. Tullis & Craig promptly sold at a handsome profit...