Word: profitability
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Dates: during 1950-1959
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...market got another push from the short supply of stocks; mutual funds and other long-term investors have bought so much stock that comparatively small orders push prices up. When waves of profit-taking brought a dip, new buyers soon started prices up again, though at week's end the market had eased from the record high...
Last week 1958 third-quarter corporate earnings reports continued encouraging. Though General Motors reported earnings of 22? a share, v. 43? in the third quarter last year, the only one of the Big Three to show a profit, many another company cleared more than in 1957-often by venturing into new fields that added to their earning power. Merck & Co., pushing new drugs and chemical processes, raised its earnings to $7.1 million, v. $5.9 in last year's third quarter. National Steel, the nation's fifth-largest steel company, pushed its earnings to $10.9 million from $8 million...
...Machinists have also threatened to strike Trans World Airlines and Eastern. All six airlines-American, Capital, Eastern, Pan American, T.W.A., United-have agreed to put on extra flights along routes they also serve to take care of the passengers of any struck line. The lines plan to make no profit on the overflow traffic. They will turn over all earnings, after taking out operating expenses, to the strikebound line. The pact's major immediate effect: competitors United, American, Eastern, T.W.A. will give Capital enough funds to cover its $50,000-a-day loss in operating revenue...
...show the customer the price stamped on the original carton as proof of a huge bargain. One lawnmower manufacturer advertised last spring in a trade publication that his power mowers, which he priced in ads at $154.95, could be sold at $74.95-and the retailer would make the usual profit. A watchmaker preticketed a lady's wristwatch at $200, a Detroit store sold the watch for $17.00. A blanket manufacturer offered retailers $24.95-list blankets that a retailer sold at $14.95; comparative shopping showed that they were not worth $10.00. One major mattress maker now gives his retailers...
...Flying Club is unofficially supported by the Harvard Aviation Foundation, an incorporated, non-profit group of College graduates now in the aviation industry...