Word: profitable
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Dates: during 1940-1949
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Your Air Express edition is one of the most outstanding features of American good will towards South America, because after all it is not only the profit you may get out of it, which I presume you do, but the service what has made you do this...
Today copper is 12? a lb., not 16?. Yet the Morenci ores, though low-grade, will still yield a profit. When production starts, nine 125-ton electric locomotives will haul 75,000 tons of rock from the pit each day, dump 50,000 tons of waste into the canyons, spill the rest into ore bins. Each ton of ore will yield 21 lb. of copper-a daily smelter production of around 260 tons...
...shape of an astonishing little man named Frank Cohen. Though not exactly a robber baron, Frank Cohen is no overstuffed corporate career man either. He made his money playing shrewd angles around Wall Street. His latest angle, which is armaments, occurred to him for other reasons than profit. But he played it just as hard as if it meant millions. In so doing he became one of the men the U.S. needed...
...world's regular trade routes, which they now ply at great profit with little or no competition, the shipping men agreed that the U.S. merchant marine could and should dominate them even when the low-cost Danes, Italians, etc. return to the sea. Methods: 1) Cash reserves must be built up to pay in full for efficient new tonnage now, cushion competitive losses later. 2) Economic changes abroad must be studied in advance, and new kinds of service devised. 3) An international understanding on trade routes and tariffs is essential. So are continued U.S. Government subsidies...
...Tycoon Walter S. Dickey, who bought the Journal in 1921, bashed in his fortune trying to buck the Star. Utility-man Henry L. Doherty, who bought 50% control in 1931, sank about $300,000 a year in the Journal (plus $250,000 a year in utility advertising). His only profit: whatever satisfaction came from his hysterical series of libel and conspiracy suits totaling $54,000,000 against the Star for its hard-hitting campaign for lower gas rates (they were thrown...