Word: profitable
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Dates: during 1940-1949
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Relative to the article "God's Corner Lot" [TIME, March 4], why not change the location of the church as suggested [from Manhattan's Fifth Avenue at 48th to the East Seventies], spend $1,000,000 of the profit for a new edifice, and $2,000,000 to feed and clothe Europe's starving, freezing children...
...Chicago, a speculator paid $280,000 for a large apartment house on Lake Shore Drive. By threatening to remodel the building into smaller apartments (a legal cause for eviction), he forced the tenants to form a co-op and buy the building. His quick profit...
These plans were a far cry from Hendy's beginnings as a mining machinery company, 90 years ago. In 1940, Hendy had only 60 employes, was so shaky that Moore and the Six Companies combine bought the whole outfit for $400,000, intending to turn a quick profit by selling its machinery on the secondhand market...
...more than $15,000,000. Of this, they estimated that no more than $3,000,000 was spent on advertising, promotion and mailing; another $2,000,000 for royalties; another $5,000,000 to print the books. Bookmen concluded: of the remaining $5,000,000, a substantial chunk was profit...
...winery of his own-primarily as crop insurance. (Frostbitten grapes, unsalable as fresh fruit, are usable for wine-making.) This paid off a few years later when the grape crop was frosted. His winery turned what might have been a half-million-dollar loss into a half-million-dollar profit. Last year he sold out for almost $7,000,000, but did not get out of winemaking...