Word: profitable
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Dates: during 1940-1949
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...stag" in the London market is a broker who subscribes for bonds not to fill orders on his books but believing he can resell them to laggards at a slightly higher price for small but quick profit. Sir John, by offering only 3% (some British loans in World War I paid 5%), had left the disgusted stags too thin a margin on which to operate. In City jargon the Chancellor was "trying it on the hard way," but when two top-hatted, scarlet-coated minions of the Bank of England swung its portals wide his confidence was justified. In went...
...good days, when American Radiator and Standard Sanitary Co. were separate companies making (together) $20,000,000 a year (their joint 1939 net profit: $3,712,193), U. S. plumbing was both the butt and admiration of Europeans. Radiator's chairman was autocratic Clarence Mott Woolley. By the time they consolidated in 1929, they had an estimated stake of $35,000,000 in foreign plants to make goods that would raise Europe's standard of plumbing to that of the U. S. Of their 15 European plants, nearly half were in Germany, Austria, Italy, Spain. In that...
Some investment trusts have been honestly and competently run, and still are. But since a great many of them were launched in the 1927-29 boom, few of them have brought profit to their original investors. Against such a business record, it is easy to make out a case for very stiff regulation. But no death sentence for any existing trust capital structure is contained in SEC's bill. Nonetheless, investment men have already cried out that it is too drastic. Long hearings are ahead for it in Congress, and it may well be modified before it ever comes...
...Admiral James Otto Richardson, Commander in Chief of the U. S. Fleet, with an autographed photo graph of King George VI at his elbow. It was "grossly indiscreet," said Mr. Plumley; thereupon read from Article I, Section 9 of the Constitution, which says: ". . . No person holding any office of profit or trust . . . shall, without the consent of the Congress, accept of any present, emolument, office, or title of any kind whatever from any king, prince, or foreign state...
William T. Jr., Thomas and Howard ("Bill," "Tony" & "Peg"), he stepped production up to 541 planes in 1936, turned in the company's first net profit-$9,706. Then catastrophe struck...