Word: profitable
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Dates: during 1940-1949
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...years: it slashed classical-record prices. Of the money that the U. S. spends for phonograph records, at least 30% goes for classical records, but the volume of classical record sales is only 10% of the annual output. On them the record companies try to turn a profit by a low volume-high price policy. Yet their big business in discs is in the popular 35?-to-75? record field. Record manufacturers have always explained the low volume of classical record sales on the ground that there are comparatively few high-brow record buyers. But two years ago one record...
...Columbia colleagues to secrecy, Mr. Wallerstein planned his campaign as carefully as a Blitzkrieg. Last week, out of a clear sky, President Wallerstein made his dramatic announcement: that Columbia's entire classical list (old releases as well as new ones) was now on sale at half price. To profit by the change, Columbia plans to sell three times as many classical records as it had sold before. Wallerstein has readied his Bridgeport, Conn, plant for three times its normal production...
...years 1930-39, General Electric rolled up a cumulative net profit of $75,526,077. It managed to do this in spite of the fact that its most important market collapsed soon after the decade began. This was the utility industry, which had been spending $740,000,000 a year for new electrical plants in the 1920s, cut its buying down to an average of $340,000,000 from...
...this revival is Defense, which, with its promise of a heavy industrial electric load, has made the utilities more capacity-conscious than ever. G. E. now wonders how long its own capacity (especially in skilled labor) will hold out. Meanwhile, these tailor-made jobs yield G. E. a handsome profit margin. So confident were G. E.'s new chairman and president, 40-year-old Philip Dunham Reed and 53-year-old Charles Edward Wilson, last week, that they boldly confronted the one big licking G. E. may have to take-a licking also attributable to war. This...
Unlike many a bigger road, A. & R. is no stranger to net profits. Only once has it failed to show a profit in the last 20 years. Never has it failed to pay preferred dividends and bond interest ($8,949). For this rare railroading record, natives credit the canny Scot management of the sons of old John Blue, gaunt, black-haired, bushy-browed President William Alexander Blue, 59; small, emaciated Vice President Halbert Johnston Blue, 44, and Secretary-Treasurer Henry McCoy Blue...