Word: profitability
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Dates: during 1930-1939
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...with a law degree when he founded the Courier in 1910. Today he is a power in Pennsylvania politics, keeps a handsome home in Oakmont, Pittsburgh suburb. Gross income of the Courier in 1938 was over $500,000. Something like $40,000 of that went to Publisher Vann as profit...
From the only man who ever bought a business* from five Jews and sold it to seven Scotchmen at a profit, this was a dire prophecy. Yet the pert, imaginative magnifico-who cleaned up a cool million in Chicago's Marshall Field & Co. and in 1909 impudently invaded London, with U. S. merchandising methods-had reason to be glum. Three weeks ago he resigned his chairmanship of Selfridge & Co., Ltd., great, gaunt, sprawling department store on Oxford Street west of Oxford Circus, took the inactive, empty post of president...
Selfridge's in 1937 made a $4,000,000 profit on sales of some $65,000,000. Last year saw the profit more than halved. This September London's retail trade dropped 30% under 1938. People bought blankets, clothing, boots & shoes, blackout materials but not much else. Even J. Lyons & Co., Ltd. (teashops) in the West End felt the pinch, for the first time in years cut its dividend from...
...Nowhere into the here came Big Steel (which Economist Roberts rates as an industrial group by itself) converting a $12,000,000 deficit to a $12,000,000 profit. Steel's third quarter report last week showed its Cinderella common stock back in the black to the tune of $10,420,445-47? a common share, and showed $5.16 operating profit per ton shipped; it is operating at close to 90%. Even more spectacular was the record of Bethlehem Steel, which makes money at a lower rate of operations than its big brother, which is now operating at full...
Interested Parties to War II who had profit rises: 24 iron and steel companies (excluding U. S. Steel) whose net went from $17,835,000 in the hole to $25,811,000 profit; five building equipment makers, up from a $930,000 loss to $3,522,000 profit; 25 machinery builders up from $4,479,000 to $10,329,000; eight railway equipment suppliers-from minus $2,566,000 to plus $4,075,000; General Motors, up from...