Word: profits
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Dates: during 1950-1959
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...materials, pay our farmers and stock raisers parity prices for these commodities, and then announce to the world's famine areas that we will gladly supply their needs while famine lasts if they will allow us to supervise the method of distribution, so that local gougers may not profit...
...lives with his wife and baby boy in a sunny apartment in Rome, paints only when he feels like it, and spends most of his leisure time grinding a rented hand organ on the streets. The mechanical music he grinds out gives Matta and his small boy assistant little profit, but Matta enjoys watching the faces of his listeners at the sidewalk cafes. Matta's latest show, opening next week in Manhattan, will be the first chance the U.S. has had to see the results of his observations, painted in a new style that is as imaginative...
...outpouring of first-quarter earnings, many a company reported the best sales and profits in its history. Of 236 companies which had reported by last week, 167-or 71%-showed profit rises. The food industry, helped by lower commodity prices, furnished some of the rosiest reading. Clinton Foods (Snow Crop frozen foods) had a 651% gain (to $1,200,000), Continental Baking almost 132% (to $1,400,000). A. E. Staley had a 125% gain, to $1,200,000, and Corn Products Refining...
...same pattern held true in many other industries. In aluminum, Alcoa's $13,300,000 profit was a 13% gain, but fast-expanding Reynolds Metals' $7,000,000 was a 111% gain. Neither the biggest steel nor the biggest auto companies have yet reported, but in both industries smaller companies showed big gains. Specialty-steelmaker Allegheny Ludlum had a 44% increase (to $2,000,000), and Sharon Steel's $2,000,000 was a 49% gain. (But middle-sized Armco showed a 3% drop.) In autos, Packard was way ahead of last year (see below), and Nash...
...companies with gains had sold harder to get it. Westinghouse, for example, had to boost its sales 18% in order to get half that big a rise in its net profit ($16.9 million). But its bigger rival, giant General Electric, boosted sales 39%, to $777.8 million. G.E.'s President Ralph Cordiner was so optimistic that he figured his profits on the assumption that the excess-profits tax will die in June, thus showed a thumping 58% rise in profits ($45.8 million), from $1.01 a share to $1.59. If the tax doesn't die, G.E.'s profit will...