Word: profitable
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Dates: during 1940-1949
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...Flivver. Ford Motor Co., which had upped the price of its 1949 Ford by $85 to $125, last week ordered its dealers to figure their markups (25%) on the old prices (thus cutting their profit by an average $25-per-car). The grey market was already placing a far different price structure on the new Ford. On "used" car lots, new models were selling at $3,000 (the Detroit-delivered price ranges from...
...could he get away with it? One reason was Avery's unquestionable genius for success. In 17 years he had built Ward's from a debt-ridden store to the second largest mail-order house in the U.S. Last year it had a record $59 million profit. No individual owns more than 1% of the stock and no company or estate more than 2%. The 6.6 million shares are scattered among 68,500 holders, the biggest of them investment trusts...
...Sort of Hobby. Nowadays, the fully-booked Ritz is as fashionable as ever-but not because of its prices ($4 to $20 a day). Even at that, the hotel manages to make a "reasonable" annual profit (which is never announced by the private ownership), maintaining a record that has been unbroken except for two years during the depressed...
Lehman Bros. and Bear, Stearns & Co. won the bid for Kansas City Power & Light Co.'s $12 million issue of first-mortgage bonds last week. They had planned to re-offer it at 102 (less than half a point profit) but found no buyers. The bankers finally cut the price 48½? (½? below the purchase price), swallowed their pride and a $702.24 loss plus expenses. Wall Street talked darkly about the evils of competitive bidding...
...matters of education, Laski believes, the businessman is the trustee who can (and does) seat and unseat college presidents, purge faculties. He dominates radio; his stake in Hollywood virtually ensures movie mediocrity because he will not risk his enormous investment by risking "offense to any large source of profit." He supports the church, but often, says Laski, because his conception of religion is like that of the late Bishop Lawrence of Massachusetts, who said: "In the long run, it is only to the man of morality that wealth comes . . . Godliness is in league with riches." In social issues, the businessman...