Word: profiteer
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Dates: during 1940-1949
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...known to gagsters as "We, the People," "The Thundering Herd," "All This and Fenner, Too") did 9.4% of the round lot (blocks of 100 shares) trading on the New York Stock Exchange in 1948, and 12.9% of the odd-lot (less than 100 shares) business. It made a net profit of $1,704,513. This was nearly three times as much as it made in 1947. For Merrill Lynch's 84 partners it meant an average profit...
Recently, worried about an article on sex delinquency, he submitted it to the 24 papers in advance. They vetoed the treatment; Nichols had it rewritten. Says he: "I'm not a writer, not a lit'ry fellow. I like to show a profit...
...profits were not confined to Big Steel. (President Truman, at his press conference, said he had always contended that steel prices were too high and he still thinks so.) Bethlehem Steel's net for 1948 was $90.3 million, up 76.8%, but the company cut no extra share of the dividend pie. Armco Steel, with a 28% increase in its profit to $32 million, boosted its quarterly dividend from 50? to 62½?. Wheeling Steel kept to its regular rate ($1 a quarter), though its earnings had jumped to $23.24 per common share (v. $18.66 last year), nearly half...
...step up production of diesel-powered Caterpillars to grade roads, dig foundations, clear jungles and move mountains all over the world. With its new production Cat hopes to boost its sales, already the highest in its history. Last year, on a gross of $218 million, Cat reported a net profit of $13.7 million, nearly 40% over...
...price of bread, which has risen slightly in the last year, while the price of wheat has dropped almost one-third. The reason, said Brannan, was the thick slice taken by bakers and retailers; they keep 9.7? of a 14.5? loaf, as against the farmer's 3?. The profit on bread of eight representative food chains, said Brannan, was 18.2% (before...