Word: profits
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Dates: during 1950-1959
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...Aluminum Co. of America reported a net profit of $27,133,771 in the first half, up from $23,233,236 a year...
Started as an "experiment" to promote inland water transportation, the I.W.C. (better known as Federal Barge Lines)* has been in the red for 17 of its 29 years, last year turned its first profit ($379,385) since 1943. In all, the U.S. has pumped about $27 million into the line, has taken a $13 million operating loss. Three Secretaries of Commerce (Henry Wallace, W. Averell Harriman and Charles Sawyer) who tried to sell the line failed. Secretary of Commerce Sinclair Weeks succeeded by narrowing a field of 208 prospective bidders down to seven and then employing some vigorous salesmanship...
Typical of the good news was Douglas Aircraft, whose stock jumped 3⅛ points in a few hours after the earnings statement was released. Reason: net profit for the six months ended May 31 was $10,042,975 on sales of $459 million; both gross and net were more than double those for the same period a year ago. The quarterly dividend was boosted from 75? to $1, and an extra dividend of $1.50 was declared. Though President Donald Douglas warned that the rest of the year might not be so good, the stock edged up another 1⅞ points...
...spite of grumblings about slow appliance sales, General Electric reported a whopping $1,560,448,000 in sales for the first six months, an alltime high. Net profit for the period, said President Ralph J. Cordiner, was up 32% to $75,417,000. American Airlines profits, reflecting the air travel boom, rose from $5,099,000 in the first half of last year to $6,658,000, President C. R. Smith reported...
Back in Focus. Even the movie industry was looking up. Loew's Inc. had a profit of $1,014,142 for the twelve weeks ended June 4, v. $740,817 a year ago; in the 26 weeks ended April 24, Republic Pictures Corp. net was up from $379,551 a year ago to $473,150. Polaroid Corp., which makes glasses for three-dimensional pictures, reported that sales almost doubled and earnings almost tripled ($2.34 per share v. 78? a year ago) in the first six months...