Word: profitable
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Dates: during 1930-1939
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...Memoriam-the Profit Motive," read a black-bordered box on the cover. "Honorary pallbearers will be men prominent in the textile industry." Inside the pamphlet the textile industry read the summary of its sins-a loss of $98,094,000 for the ten years ending with 1935. Said he, ironically: "Perhaps if we defend our privileges and rights (to sell for less than cost) we may be able to lose even more in the period from...
...growers; yarns were up 45% to 50%, sweetening the pot for the spinners; and when the U. S. Army went into the market for uniform fabrics, it found prices up about 30% over the bids it could have gotten Sept. 1, indicating that the mills were sharing the war profit...
...wondered where next year's carpet wool was coming from. War and embargoes had wiped out some 75% of the carpet wool supply. Meanwhile, after a deficit year in 1938 (Bigelow-Sanford lost $1,491,000, Mohawk $1,486,000), they stood to make a handsome inventory profit...
Also standing to profit are Argentina and Uruguay, only major producers of carpet wool in South America. Now the U. S. should become their A1 wool customer, which will suit everybody. For the more wool the U. S. buys in Latin America, the more exchange Latin America will have with which to satisfy its needs in the U. S. market...
None of these pyrotechnics has hurt Hormel's business. Since Jay C. took over, his company has had only one bad year: a $608,779 deficit in 1931. Last year it netted a comfortable $1,031,574 profit on sales of $56,921,648 worth of meat, vegetables, poultry products, paid a $1.50 dividend on 474,990 shares of common...