Word: profitted
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Dates: during 1950-1959
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Black markets flourish. Hundreds of men wait for hours in long queues to buy cheap but scarce government-subsidized commodities that they resell at high prices, turning a profit greater than an average day's wage of a worker. Perhaps half of the relief food given Bolivia by the U.S. fetches up as barter for hard currencies in neighboring countries...
...would have taken a Santa with a bag of $15 million to $20 million to save Crowell-Collier's fast-failing magazines (1956 deficit: $7,500,000). In the past ten years, as Crowell-Collier went from a profit of $6,500,000 to heavy losses, managing editors had swept in and out of office like French Premiers. More than $10 million in new capital had been pumped into the company since 1953, when aging Wonder Boy Paul Smith, now 48, came in from the money-losing San Francisco Chronicle as a $40,000-a-year troubleshooter. Smith raised...
...while the Companion gained 5% (to 4,225,000). But advertisers were leary. Collier's ran only 1,008 ad pages in 1956 v. 1,718 in 1951; in the same period, Companion advertising dropped from 945 pages to 544. Their losses turned a record $6,000,000 profit claimed by Crowell-Collier's book-publishing subsidiary (Collier's Encyclopedia, the Harvard Classics) into a $2,500,000 deficit for the company this year...
...spent his nest egg as down payment on a rooming house, which he remodeled in his spare time and soon had filled with students. With the profit he made, he bought 47 acres of land, cut them up into three plots, sold them individually. Having made more money on the first two lots than he paid for the entire 47 acres, he bought himself another thriving rooming house. Finally he traded his first house for a third, making a profit on the deal...
...doubtful ac counts was a nearby hotel named Zeiger's, the other, the Anjopa Paper Co., in neighboring Napanoch, headed by Joseph Di Candia. Rose had poured thousands of dollars into the old broken-down paper mill, handled all its finances personally, rebuilt it into an apparently profitable concern. Once when Di Candia was picked up in Ellenville on a charge of passing bad checks in York, Pa., Rose even helped make the checks good in the settlement that got Di Candia out of jail. Rose made no visible profit from his unusual generosity, while Di Candia, who arrived...