Word: profitability
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Dates: during 1930-1939
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...culminated a few years later in the construction of the Owens Valley aqueduct, a project which could incidentally develop considerable power. Employed as a consulting engineer on the job, Mr. Scattergood showed the city that it could sell power cheaper than the private utilities and still make enough profit to pay for all construction. Upshot was formation of what is now the potent Los Angeles Power Bureau with Mr. Scattergood as chief electrical engineer & general manager, a job he has held ever since...
Based on findings of the Federal Trade Commission, the suit charged Mr. Doherty with making an $18,000,000 profit at the expense of the company in 1929. In that year Cities Service Co. paid Mr. Doherty $20,500,000 for 200,000 shares of Cities Service common stock at $102.50 a share. Mr. Doherty had originally acquired the stock for about $13.26 a share. His voting power reduced by the sale, Mr. Doherty then gave $1,000,000 of his $20,500.000 back to Cities Service for 1,000,000 shares of $1 non-cumulative 5% stock created especially...
...Packing the best gains were made outside the Big Four. Indeed, Swift & Co., No. 1 meat handler of the U. S., reported a sharp drop in profits ($17,651,000 to $12,103,000) in spite of the fact that sales were $831,671,000 and tonnage at an all-time peak. Wilson & Co. showed a slight decline ($4,068,000 as against $4,109,000). Basic reason for this countertrend in a year of expanding industrial earnings was the confusion in meat markets caused by invalidation of AAA processing taxes and the subsequent drought, which forced farmers to slaughter...
Shoes & Hats. Like the meat packers, the light industries which helped shoe, clothe and hat the U. S. reported a varied year. International Shoe Co. showed an $8,416,000 profit for the fiscal year through November, a slight drop. Endicott Johnson Corp.'s income ($1,974,000) was also off a little from the year before. But it was a good year for hats. Philadelphia's John B. Stetson Co. swelled its profits from $301,000 to $485,334, while Hat Corp. of America (Knox, Dobbs) reported net income of $923,000 in the year through November...
Reporting a 14.5% increase in sales of explosives, a 41.8% increase in other nitrocellulose products like artificial leather, Atlas Powder Co. showed profits of $1,430,000 in 1936 as against $1,161,000 the year before. Hercules Powder Co. also famed for its dynamite and blasting powders, reported a profit of $4,284,000, compared to $3,175,000 in 1935. From bananas, ships and sugar United Fruit Co. made $14,176,000 last year as against $10,359,000 the year before. The white-uniformed salesmen who cry their wares from U. S. roadsides helped Good Humor Corp...