Word: profitable
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Dates: during 1940-1949
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...matter how price control is administered, it works against the essential genius of U.S. industry, inspired by the profit motive to produce more & more at a constant rise in wages and living standards. An economy with price controls is not really free enterprise at all-the vital forces of profits, competition and the free market cannot operate...
...tried his hand at running a Cape Cod farm, worked himself up to a vice president's assistant in a fireworks factory, then got interested in Ramie when he moved to Florida. Last week the stock, issued at $2.87½, was quoted at $4.50. Paper profit to Whitney: $75,000. But Whitney does not plan to sell, lest he appear to be dabbling in securities. (Under his parole he must keep away from Wall Street, liquor, firearms, convicts.) And he thinks he has a good thing in Ramie...
...bust, when it dropped to $69. So many went broke that in the early 1930's insurance companies held an area equal to eight Iowa counties. But others forgot to remember. Even in Iowa, fat with corn and hogs, a man could not make a long-term profit on land that cost him more than $101 an acre. By last week, the average price of Iowa land had climbed to $140 an acre...
...have made so much money during the war that they are actually solvent. Some examples: in four and a half years, the Cotton Belt (St.Louis-Southwestern) earned its annual interest charges 42 times and made about $150 a common share to boot; in 1944, the Missouri Pacific had excess profits of $46,380,000-larger than any other railroad system in the U.S. except the Santa Fe. Yet the Cotton Belt, Mopac and other roads with good wartime profit records continue in reorganization...
...little filling station and live happily ever after, the Department of Commerce last week held up a fatherly finger of caution. The Department warned that almost two-thirds of the 242,000 stations n the U.S. before the war grossed less than $10,000 a year, made an average profit of only 6% on gross, including the owner's salary...