Word: profitable
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Dates: during 1940-1949
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...stock, Quemont gold and copper, was selling for 30? a share on March 6. March 7 it closed at $2.98. Last week it hit $8.50. A Chinese laundryman, who bought 10,000 shares in 1942 for two cents a share and sold when the stock reached a dollar (profit: $9,800) could have bought every Chinese laundry in Toronto if he had waited a few days more...
...streak of socialistic thinking, was labor's wholehearted agreement that a "system of private competitive capitalism must continue to be the foundation of our . . . expanding economy. . . . The inherent right of management to direct . . . shall be preserved. . . . So that enterprise may develop and expand and earn a reasonable profit, management must be free as well from unnecessary governmental interference...
Stuff & Nonsense? This scary talk, Deputy OPAdministrator for Prices James F. Brownlee promptly told the committee, was stuff & nonsense. Profits had little to do with the case. On every dollar of sales in the packing industry in 1944, he said, packers had made a net profit of 1.05?, which was well above their profits of .96? per dollar of sales in the years 1925-39. Thus, there was no reason to suppose that a boost in profits by a boost in price ceilings would mean more meat on U.S. dinner tables. The chief cause of the meat shortage, said...
...land. His model was the Russian collective farm, with himself as capitalist substituting for the state. To each family he supplied all food except "coffee, spices and sugar," and a salary "above the average." He agreed to put up whatever money was needed until the farms showed a profit. Then he was to receive the first 5%, with all profits above that divided according to each tenant's salary...
Newport News did build good ships. Its first, the tug Alvah H. Clark, still chuffs up & down the James River, helped shepherd the Midway (see cut) from the dry dock in which it was built to the outfitting pier downstream. But the yard could not show a profit until Ferguson joined the company, after Huntington died and the yard had passed to his heirs...