Word: boosted
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...third quarter, the tax bite under the new tax bill was huge, but not as big (on an annual basis) as it looked. G.M., like many other companies, set aside enough in the third quarter to pay all of the retroactive tax increase to date. Thus the tax boost ($30 million) was three times as big as it will be in future quarters, if profits remain at the same level. Earnings of $1.01 a share, said G.M., would have been 33? higher if it were not for the retroactive increases...
...order to stop this formidable Purpl and White attack as well as to try to boost the Crimson's offense. Munro will use an unorthodox double-center-halfback lineup some of the time. In this formation. Bernard Florin will play a modified center forward position, while Bob Harding plays regular center half. When Harvard is on the attack, Florin will move up into the empty forward slot, but on defense he will drop back to make a second center half...
...Even the "growth" industries, such as chemicals, were taking a licking. Du Font's nine-month net after taxes fell 28% despite a 24% gain in sales; Dow Chemical's third-quarter net fell 25% despite a 33% sales gain. Smaller chemical companies managed to boost their nets...
Bucking the Trend. Some companies succeeded in bucking the downward trend. In spite of building cutbacks, big Johns-Manville managed to boost its third-quarter net from $5,700,000 to $6,700,000. The container industry made a notable showing: Continental Can's nine-month net rose from $10.4 million to $12.2 million, Container Corp.'s from $7,300,000 to $11.2 million. Oils, with their favorable depletion allowance for taxes, were still gaining; Atlantic Refining's nine-month net rose from $27.8 million to $31.9 million. Big price rises in newsprint enabled St. Regis Paper...
...Garrett's company branched out into superchargers and electronic equipment, turned out $112 million of World War II equipment and had 5,000 employees at its wartime peak. At war's end, he had to trim his payroll to 600, and scratch for new ways to boost business...