Word: shrank
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...name Old Gold then belonged to a Lorillard brand of smoking tobacco whose sales were almost nil. The name appealed to Belt and the cigaret became his chief care and enthusiasm, still is except for his horses. But cigarets are not made popular in a day. Lorillard earnings shrank almost to nothing during the promotion years. It took many months and millions of dollars to make Old Golds successful enough to pay dividends on the common stock...
...bank with deposits totalling $760,000,000. This was in October. In December, following runs, Bank of U. S. closed with depositors wailing for $160,000,000 in deposits. Manufacturers Trust Co. was not directly involved. But psycho logically it was. Between September 1930 and January 1931 its deposits shrank $109.000,000 (to $219,000.000). Manufacturers had great and potent friends. So did Banker Gibson. For $7,300,000 ($26.35 a share, once it sold for $1.250) Mr. Gibson & friends bought control from Goldman. Sachs. Not quite clear, never elucidated by Mr. Gibson, was the source of the capital behind...
...matter of fact the volume of U. S. wheat sales to Britain shrank by a spectacular two thirds compared to the corresponding quarter last year...
...company at once to avoid high foreign income taxes. If all the razors and blades sold to subsidiaries had been resold to the foreign consumers at once, the profit would not have been overstated. Upon readjustment of the figures to a fully consolidated basis, accounts receivable shrank from $17,000,000 to $4,000,000 while inventories soared from $5,000,000 to $12,000,000. The total profits from 1925-29 under the old system were $69,500,000, an overstatement of $11,000,000. This sum was subtracted from Gillette's surplus...
...expression of what is happening to business is the amount of money earned by corporations. Last week corporate returns continued to be gloomy reading.* Another index is the rate of foreign trade. In March exports were valued at $374,000,000, against $489,900,000 a year ago; imports shrank from $383,800,000 to $300,000,000. Carloadings, a prime indication of the state of trade, were down to a weekly figure of 883,000 for March against 962,000 a year ago. This average, the poorest for March since 1924, found reflection in railroad earnings. Gross railroad income...