Word: profits
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Dates: during 1950-1959
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...MOTORS, which has climbed from a deficit of $2,000,000 to a profit of $2,000,000 in four years, making trucks and power lawn-mowers, has been sold to Henney Motor Co. Inc. of Freeport, Ill., makers of custom-body hearses and ambulances. The sale, still to be approved by stockholders, is a straight cash transaction for $16.5 million, equal to nearly $30 a share for Reo stock. Henney will take over Reo's plants and distributors...
...Sears's sales bulged to a record $2,981,925,186, up 1.7%, and earnings were up even more, from $110 million to $118 million. Ward's sales fell 7.9% to $999,123,379 (below $1 billion for the first time since 1946), and net profit dropped from $49 million to $41 million. But in one balance-sheet figure, cautious Montgomery Ward-"the only bank with a store front"-had the edge. Ward owed no money, and its cash of $23 million and Government securities of $270 million were equal to about $45 a share...
Grumman reported sales of $240,857,669, up $20 million over 1952 and topped only by the World War II peak years of 1943-44. Profit after taxes was $7,129,341 ($3.56 a share) and the year-end backlog was $273,758,000. Grumman common sold last week for 26¾, down from a 1952 high of 31⅜, but above...
McGinnis charges that the New Haven is in poor shape, has not made anywhere near the money it should. Though the road has reported a profit every year since 1949, McGinnis argues that the profits come from the road's real-estate holdings and that the New Haven, as a railroad, has actually lost more than $4,-000,000 under Dumaine management. He says that too much money has been spent on new equipment, dragging the road's operating capital down from $47 million to $11 million in 1953, and that only preferred stockholders have got dividends since...
...private industry in this country has never been able to provide housing for low income groups at a profit. With the returns from slum clearance and welfare building so unsure, private enterprise tends to concentrate on more lucrative upper and middle class construction. The burdens of building for the low income groups falls to the cities, many of which are clearly incapable of handling the necessary projects. And so, fifteen million American families go inadequately housed, while more dwellings deteriorate each year...