Word: profiteer
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Dates: during 1930-1939
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...jumped, by last week were averaging 37,600 daily. At this rate by its closing date, December 2, it would have 12,000,000 customers, 40% fewer than originally expected, 13% fewer than San Francisco's 1915 exposition. But at this rate it is netting a good operating profit instead of barely meeting expenses...
These figures for 164 days of operation do not yet include the month of August (the Fair's,best so far) nor do they show that practically the entire operating profit was made in the last two months of the six accounted for. In 124 days (Aug. 1 to Dec. 2) to go the Fair has a good chance of breaking even...
...year-old Walter S. Mack Jr., a director of Loft, became president of Pepsi-Cola Co. When he looked into the books which Mr. Guth had previously kept well hidden, he found a thriving business. For the first nine months of 1938 Pepsi-Cola had turned in a net profit of $2,700,000; its stock was selling at $70 a share (it is now $190). (For the same period Loft lost...
Meantime Pepsi-Cola had become the No. 2 cola drink of the U. S. (next to Coca-Cola). For the first six months of 1939 Pepsi-Cola had turned a net profit of $2,500,000, an increase of 76% over its booming 1938 figures. Last week President Mack ventured to say that for the first eight months of this year net profits would pass record 1938 (when the net was $3,240,000). Still selling far below big Coca's bottle volume (the trade's best guess: 18-25% of it), Pepsi-Cola's twelve-ounce...
Main reason for Chrysler's progress profitwise was one fact: its Dodge unit is the industry's No. i earner (average 1929-37 profit $65 a car) and Dodge sales increased 98.4%-from 54,792 to 108,719 cars-nearly twice as much as Chrysler as a whole...