Word: profitability
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Dates: during 1930-1939
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...much of a mystery as the scare last April were last week's gold-cut rumors. According to the New York World-Telegram the report originated inadvertently with a big Manhattan bank, which had bought $5,000,000 in gold to resell at a profit to the Treasury. Feeling that the price of sterling was high, the bank borrowed instead of buying the exchange with which to pay for the London gold. Meanwhile sterling went up, not down, and having been caught short, the bank hastily covered by dumping the gold. The fact that a U. S. bank...
...what looked like an adaptation of the Sit-Down, the chains closed hundreds of their Pennsylvania stores with a bang, After turning the key on 80 stores in & around Philadelphia, an A. & P. official announced bluntly: "The stores we have closed couldn't have operated at a profit under the tax. Those where the volume of business is such that the business will show a profit after including the tax will be kept open." P. H. Butler Co. shut down one-fourth of its 200 units. American Stores closed about 70 stores and stated: "Moreover, the stores will...
Last week in Massachusetts the Ford Motor Co. filed its balance sheet as required by State law, providing the annual glimpse which the public gets of Ford finances. It did not show, of course, what dividends had been paid but it showed an increase of $19,689,000 in profit & loss account, of $6,737,000 in reserves indicating that the company has salted away $26,-427,000 during 1936, over seven times as much as in 1935-With a total surplus of $600,000,000 Ford Motor Co. is well prepared for a costly strike now or later...
...original members feels like making a picture, United Artists will distribute it. The deal does not affect producers like David Selznick and Walter Wanger who distribute through United Artists but are not partners. It gives Producer Goldwyn in Hollywood and Producer Korda in London a better chance to profit from their own enterprises. It also gives Producer Korda, who has been dissatisfied with U. S. exhibitors' handling of his pictures, a better chance to compete with Hollywood on equal terms...
...above May wheat for the first time in history. Rye was even being shipped westward from Buffalo to Chicago. Wheat alone declined as the first shipment of the new crop went to market in Texas. Behind the squeeze was no crafty manipulative scheme to pinch the bears for profit. It was simply a scarcity of grain, resulting from last year's drought and AAA restrictions. In the previous five years the U. S. corn crop averaged nearly 2,300,000,000 bu. annually, a figure itself on the lean side because of the very short crop...