Word: quarterly
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Dates: during 1960-1969
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Harvard looked anemic in the first period, and Dartmouth took advantage of the situation to earn a 2-0 lead. The second quarter was more encouraging, though not impressive, as the Crimson began to control play, especially near the end of the half and grabbed a 3-2 halftime edge...
Then came the disasterous third quarter. The Indians' Carl Andros, using a deep stick, rolled in one goal. Another one scored as players fought for the ball in front of the Crimson net, and Dartmouth's fifth tally came on a mysterious shot which went in as the cage came loose from its anchorings. The next two scores were more orthodox, and the Indian...
Gains and Fumbles. In this year's first quarter, earnings set records at Xerox, Avon Products, IBM, Uniroyal, Bendix and Continental Can. Many companies succeeded very well in squeezing more out of sales. Though its revenues dropped 7% compared with last year's first quarter, McDonnell Douglas' earnings climbed 157%, partly because the company got its troubled Douglas commercial-aircraft division under control. At Union Carbide, profits jumped 28% on a sales increase of only 8%, partly because of a drive to cut costs and increase production at existing facilities. Runaway prices for wood products lifted profits...
Most industries turned in extremely mixed earnings performances. Among automakers, General Motors has this year-as usual-been running away with the frenetic sales race; G.M.'s volume rose 20% in the quarter and profits went up 25%. In a time of rising costs, however, static or slightly declining sales quite often have a disproportionately adverse effect on earnings. Ford suffered a 17% drop in profits on an 8% sales slide. While Chrysler's sales rose 1 %, its profits fell...
...supply is tight primarily because unemployment now runs at a low 3.4%. One inflationary consequence is that labor can demand-and get-some fancy rewards. Last week the Labor Department reported that in major contracts negotiated during this year's first quarter, unions got wage-and-fringe increases that averaged 6.3% annually...