Word: worth
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Dates: during 1950-1959
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With a court-appointed receiver and Judge Watkins keeping eyes on him, Lias has become a grudgingly effective overseer. Since 1952, Wheeling Downs has paid $4,000,000 in federal, state and local taxes and provided its stockholders a $50,000 dividend. Net worth of the racing association has climbed from $202,000 to $386,000; working cash has multiplied from $12,000 to $342,000. The Internal Revenue Service, which balked at Lias' offers to settle his tax bill-first for $500,000 and later for $1,600,000-makes no apology for allowing Wheeling Downs to operate...
Next day he fired off a cable to Communist China's Chou Enlai, whose government had just put on a big trade fair in Cairo and was buying $28 million worth of Egypt's surplus cotton. Two days later, in an action likely to be followed by several other Arab-bloc countries, and likely to speed a showdown on Red China's bid for membership in the U.N. Assembly, Nasser's government extended diplomatic recognition to Peking. U.S. Ambassador Henry Byroade first learned what Nasser was up to when Nationalist China's ambassador, the dean...
...baseball coach Ray Fisher took him to New England in the summer of 1946 to play in the old Northern League. Roberts balked often out of sheer awkwardness, fell down fielding bunts, was so eager he threw before he got the catcher's sign. But Fisher saw things worth working on-a tireless arm, an indomitable will to win. An ex-major-leaguer (with the New York Yankees and Cincinnati), Fisher put the finishing touches...
...Atomic Energy Commission's Director of Raw Materials Jesse Johnson revealed exactly how big a business uranium has become. In testimony before a congressional subcommittee, Johnson reported that ore shipments from the four-state Colorado Plateau area (90% of U.S. total output) will hit 1.5 million tons worth $46.5 million in fiscal 1956. He predicted that within two years Plateau production will increase to 2,500,000 tons annually. Said Johnson: "During the past two months, the AEC has received and is actively considering more proposals for processing mills than it did in any two-year period before...
...that even a 10,000-ton deposit cannot be mined successfully below 240 ft. By 1960, say miners, costs will have climbed until exploration alone will cost $13.92 per ton. The Four Corners Uranium Co., which grossed $1,160,000 in 1955, spent $716,000 to mine $653,000 worth of ore, would have been deep in the red had it not made a big profit selling some of its leases and securities...