Word: profitless
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Only last year Chrysler Corp. was a conspicuous example of profitless prosperity under the New Deal. With a 52% increase in total sales it actually earned 27% less than in 1933. This year Messrs. Chrysler, Zeder and Hutchinson cut retooling costs to the limit, eliminated certain gadgets from Plymouth, trimmed management expenses in general. The rich fruit of this cost-stabilizing policy was apparent in the percentage comparisons of this year's earnings which showed that while dollar sales increased 30%, dollar profits jumped 126%. Last week the board of directors voted a regular quarterly dividend...
...hunter, winemaker. At the San Francisco pier to meet him on the return half of a round-the-world trip were his auto-racing Son Phillippe and his daughter-in-law. Son Phillippe had been quoted in Manhattan as calling French wine "disgusting." To his father, who runs his profitless vineyards for tradition's sake, he earnestly explained: "What I said was that three-fourths of the French wines now reaching America are lousy...
...Cronin. These doings, on top of revived interest caused by the exciting end of the 1934 season and the appearance of a new star to take Babe Ruth's place, will either make 1935 a banner year or indicate that baseball as a U. S. industry is incorrigibly profitless...
...ordinary Ned-raising business convention was the 22nd annual meeting of the National Association of Waste Material Dealers in Chicago last week. "Our industry today is a profitless business," warned Chairman Louis Lippa gravely. "We've got to do something about it or else close up shop." More than 1,000 waste paper dealers, brokers in rags, old rails, cracked stoves, rusty boilers and smashed automobiles, listened soberly to his plan and found it good: let junkmen junk their NRA code. "We are making the first move to withdraw from the code authority," said Chairman Lippa. "The code...
...Profitless Prosperity. Anti-New Dealers had a perfect example of profitless prosperity when Chrysler Corp., reporting 1934 sales at a five-year high of $362,000,000, announced net profits of $9,534,000. In 1933, with $123,578,000 less sales, Chrysler earned...