Word: profitability
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Dates: during 1950-1959
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...investment, Romney said, that they cannot afford to change from big cars to small even though the public may want them. As expected, he feels it does. American's January production of its small Ramblers was up 163% over the same 1957 period, and Romney expects "a substantial profit in 1958." Every other automaker had a January production slump. Chrysler slashed output 54% below the same period last year, Studebaker-Packard was down 59%, Ford 34%, General Motors...
...both the U.S. and Soviet Russia. Last year alone, 18 light-plane makers added another 6,000 craft to the fleet, and grossed a record $125 million for an 800% gain since 1951. Gas, oil, maintenance and other costs for 209,000 private pilots who fly for fun or profit added $800 million more to the business. Yet the boom is just beginning. The forecast for 1975 is a fleet of 105,000 planes logging 25.8 million hours annually...
When the time came for cotton planting last spring, Arizona Farmer Jack A. Harris saw a fine chance to teach the Government a lesson-and make himself a quick profit (TIME, July 22). A foe of all price supports, he put his 1,600-acre Pima County farm into the soil bank in return for a $209,701 Government check. Then he sidestepped the bank's purpose by sowing 4,500 acres of cotton in another part of the state. Even after paying an 18½? penalty a pound for growing cotton without an allotment (which amounted...
...last week with his crop about harvested, Farmer Harris could figure on little profit. Bad weather cut his crop severely. He had counted on two and a quarter 500-lb. bales to an acre, but is harvesting half a bale less an acre. In addition, cotton prices have so far failed to climb above the 34? a lb. Harris counted on to bring a profit. Since Harris had harvested less cotton than the total that the Government estimated when it assessed the huge penalty, he is eligible for a rebate, says he will apply for one this week. Said...
...copper producers themselves have done no campaigning so far for a tariff increase. While Phelps Dodge and Magma, which now mine only in the U.S., stand to benefit from a tariff boost, international miners such as Kennecott and Anaconda are in a different position. Their domestic mines would profit, but it would be at the expense of their Chilean operations, which produce 66% of Anaconda's copper and 32% of Kennecott...