Word: quarterly
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Dates: during 1940-1949
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Barrels of ice water awaited the thirsty on the Louisiana State University campus. At L.S.U. stadium, where 10,000 assembled to watch the inaugural ceremonies, there was free food & drink for all-200,000 hot dogs, a quarter of a million buns, 8,000 gallons of buttermilk, a quarter of a million bottles of root beer, Coke and "red soda...
Seldom in peacetime had the auto industry been so prosperous. But as most of the automakers brought out their first-quarter earnings last week, they kept their fingers crossed. They were afraid the figures were too good to be true-for long...
General Motors led the list with a net of $96.4 million on gross sales of $1,089,000,000, the best quarter in its history. Studebaker also hung up a record with a net of $4.2 million, up almost 162% above 1947's first quarter. Packard, which had been deep in the red in the first quarter last year because of steel shortages, totted up a $1.3 million profit, more than it made...
Kaiser-Frazer, which had lost heavily in last year's first quarter, reported a $2.3 million net for the first quarter this year (but this was less than 3% on gross sales of $79 million). For all of them, the jump in profits was due to the 35% or more increase in their gross...
...example of how the profits of the industry-with a break-even point well above that of prewar-might melt if production had to be trimmed. Chrysler, nipped by shortages and wildcat strikes, reported a gross of $336,519,790, up only 6% from last year's first quarter. But its net profit was down 30% to $14.9 million...