Word: worth
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Dates: during 1950-1959
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...Under Secretary of State Herbert Hoover Jr. in closed session testimony to the Senate's Permanent Subcommittee on Investigations. "Not the least of the most interesting is the fact, for instance, that the Chinese Nationalists are shipping to the Communist Chinese quite a number of millions of dollars worth of goods every-and I emphasize every-year...
...these bases of value that the steel industry is now showing its earnings and paying its dividends." Citing National Steel's own 1,000,000-ton expansion program, which will cost $650 million, Weir pointed out that his company could expect to sell only $400 million worth of securities to finance the job. The additional $250 million must be saved out of earnings during the next five years-at the rate of $50 million yearly-but steel prices are not high enough to do so, Weir said...
...that year McLane took leave from his military government post to visit wartime Dutch friends who ran a wholesale food business, got the idea that I he could do business with the Dutch. As his friends' agent, he landed his first U.S. Army contract-for $1,000,000 worth of : fresh eggs. He quit his job and went into ; the food business for himself...
Gentleman's Gentleman. McLane has no qualms over his past, no worries about the present. He expects to gross $11 million this year, has already pocketed large profits from the $50 million worth of Dutch goods that he has sold to U.S. armed forces. "No kidding," says he, "the first million is the hardest." After his fast exit from Germany he bought a mansion at Waterloo, Belgium, lives there with his wife and three children. To upgrade his social position, he joined Belgium's Royal Jockey Club, built up a stable of 35 thoroughbreds. From the owners...
Despite the high level, few economists or businessmen are seriously alarmed. Though inventories currently total 20% of the U.S. output of goods and services, most experts think they are needed to supply an expanding economy. In 1939 about $20 billion worth of inventories was adequate; in 1956 the U.S. needs four times as much to make sure that booming consumer demand is satisfied. With fore casts of a gross national product of $403 billion for 1956 (up $16 billion from 1955), inventories will creep still higher to keep pace with future sales. Moreover, because of increased distribution efficiency...