Word: profitable
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Dates: during 1940-1949
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...Profits are still lush, but the percentage of profit to the astronomical volume of goods turned out is sometimes astoundingly low. The New York Sun totted up the profits of 53 companies in 1944, found that they were down 1.3% from the year before. More & more it looked as if 1943, and not the top production year of 1944, had been the high-water mark. Higher taxes, wages and operating costs had taken the profit out of volume...
...York Central was typical. With its gross income at a record high of $715,000,000, its net profit dropped to $36,0000,000, about 57% of the previous year...
...shocker was Delaware, Lackawanna & Western. Its fat profit of $4,689,000 in 1943 shrank to a picayune...
Down Steel. The profit trend was down in steel, too. U.S. Steel shipped about $2 billions during the year, the most ever, but its net slipped to $60,300,000 v. $62,600,000. Jones & Laughlin, Inland and Republic were down with Big Steel...
Bethlehem Steel bucked the trend, upped its net profit to $36,200,000 v. $32,100,000. But this was due chiefly to a difference of opinion on how much the retroactive wage increase to workers would cost. Beth Steel's Grace tucked away $6,500,000 for the wage reserve, while Big Steel's Fairless put away...