Word: profitable
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Dates: during 1940-1949
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Aiming to run his paper at a profit and not just for fun, Boyd hired the Pilot's ex-publisher, Nelson C. Hyde, as its news and business manager. Boyd will devote himself to writing the editorials. Says he: "I am a sincere believer in the importance and influence of the independent small-town paper in American life...
Courtaulds, Ltd. lost Viscose when it needed it most. Last year when Viscose made $7,885,000, Courtaulds (which owned 96.1% of Viscose common stock) reported only a $6,160,000 profit. This meant that the parent company would have shown a loss of $1,725,000 had it not been for Viscose. But Courtaulds still has an interest in next week's stock sale. Besides making an outright payment of $36,456,000, the bankers promised the British Treasury to try to sell the company to the public within six months, split on a 90-10 basis...
...when potent Courtaulds, Ltd., British thread & textile makers, acquired an American subsidiary (then Genasco Silk Works) for $130,000, rayon was little more than an idea. The next year the subsidiary sold 308,000 pounds of its honey-colored product for a profit of $230,000. As costs went down (from $1.10 a pound to about 60(0?), the price went up (from $1.85 in 1911 to $10 during the war). In 1919 Viscose made over $25,000,000. Reason: it had a patent monopoly...
...Blues were noticeable around Mutual. MBS, theoretically a non-profit-making organization which lacks any real central executive, and functions in fact as a glorified switchboard (stations pay wire charges themselves), is in position to meet the rigorous new network limitations imposed by FCC. If, as the decrees in effect ordain, all stations are made mutual, and any station may buy any station's programs, MBS will be on a par with the other chains...
Dartmouth Freshmen pay just a shade more for their 21 meals than Harvard Housters do for 10, $7.56 is what the weekly tax totals in the Hanover Commons. The traditional claim of the Papooses is that the college makes a profit on that figure and uses it to makeup its deficit on the ailing Hanover Inn. "Second semester usually sees several riots precipitated by an unusually poor meal," the editor of "The Dartmouth" admits or boasts...