Word: year-end
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...Inland and its subsidiaries employ some 28,000 people. Its net income in the first nine months of 1955 was a record $36 million, $6.67 a share, compared with last year's $26 million and $5.25 a share on the smaller amount of stock then outstanding. Inland, which has paid dividends every year of its life except one (1933) last week declared a year-end dividend of $1.75 a common share, bringing 1955 payments to $4.25, or 50? more than...
Beneath the twin rows of cypresses that lead up to Tokyo's Meiji Shrine, an old Japanese farmer paused last week to explain his year-end pilgrimage. "The people's feelings are settling down," the farmer said. "From now on it will be best for us to be what we really are-Japanese." In Tokyo a Japanese editorial writer echoed the sentiment more formally: "The whole nation is searching for its lost pride." Last week the search was in full swing...
...Britain last week a box score on nationalized v. denationalized industry was posted. Year-end reports showed that steel, denationalized by the Tories after they took power three years ago, was doing much better than the government-run coal mines and railroads. Steel output last year hit an alltime high of 18.5 million tons, 43% over the prewar rate, and production schedules released last week estimated production at about 19.5 million tons this year and 21 million...
After nine months as boss of the New York, New Haven & Hartford Railroad, Patrick B. McGinnis last week made his first year-end report on the state of the road's health. Despite a $1,152,606 net loss before he took over in April, said McGinnis, the New Haven wound up 1954 with a net income of $9,000,000. As a result, he would be able not only to pay off $2,400,000 on the New Haven's income mortgage bonds, but also to hand stockholders a welcome dividend: $1.25 for preferred shareholders...
Board Chairman A. D. Dunton of the Canadian Broadcasting Corp. made a year-end television report. Canada now has 24 TV stations serving three-quarters of the nation's population; its 1,200,000 TV sets give it a world-ranking of third behind the U.S. (31.5 million sets) and the United Kingdom (3,500.000 sets); work is now in progress on a direct relay system connecting all stations in Canada from coast to coast...