Word: boosted
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...naval ordnance plant advertised in the Detroit papers for "A1 toolmakers-age limits 45 to 98 years." Hudson is glad it did: at week's end scores of alert, experienced, comparatively young men had signed up. With these men at work, the company expects an immediate boost in production, a cut in training costs. Said the plant personnel boss: "Hell, we'll take them up to 100 years old if we can get them...
...After a three-month study, OPA squashed a 9% cigaret price boost asked by big American Tobacco last December. Reasons: 1) tobacco-company profits last year were 21% of invested capital v. 17% in 1936-39; 2) current cigaret sales are 20% above 1941; 3) although production costs have risen 10-16%, they should be offset by greater volume...
...encourage oil production in the Eastern States-and thus get more oil where it is needed most-OPA lifted Pennsylvania grade crude-oil prices 25? a bbl. (about 10%). To offset higher transportation costs (by rail instead of tanker), OPA also approved a ½?-a-gallon boost in Atlantic coast retail gasoline prices (except in Florida and Georgia...
Tank-car freight runs 4? a gallon from Texas against 1? for tankers (including war-risk insurance and war bonuses for crews). Oilmen figure tank cars will add $120,000,000 to their annual transportation bill, some $90,000,000 more than the recent 10? a gallon price boost will bring in. So last month oilmen tried again for a West-East pipeline, got turned down as they did last fall, because the pipeline they wanted required 500,000 tons of scarce steel plate. But they refuse to quit, still want a fat 21-inch pipeline to move...
...they paid out 62.3% of the premiums collected to policyholders for losses, and that during the last ten years the ratio has fallen to between 40 and 50% (which has enabled them to show an average underwriting profit of 6.1%). But they point out that wartime may boost the loss ratio and operating costs, a combination which would surely cut profits...