Word: first-half
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...were $16.5 million, up 3.7% over the same period last year. And the big profits for 1961 are still to come because 50% of AmSeCo's production each year is shipped in the summer months to meet the fall openings of schools, churches and theaters. (In 1960, with first-half sales of only $15.9 million, the company wound up the year with a record $42 million.) One Wall Street broker estimates that AmSeCo's earnings ($2.77 per share last year) will hit $3 this year and $3.70 next...
...Whether the stock market goes up or down, one man who can hardly lose-provided the volume of trading stays high-is Norman Hirschfield, 51, new chairman of Teleregister Corp., which makes and operates stock market quotation boards. Last week Hirschfield had bullish news for his stockholders: first-half 1961 earnings reached nearly $500,000, v. a $20,000 deficit in first-half 1960. A Wall Street office boy at 14, Hirschfield became vice president of a brokerage house at 20, got friendly with Big Investor Charles Allen (who holds a dominant interest in Teleregister), was made chairman of Allen...
...Saturday, after a first-half scoring pass to Tom Boone, Bartolet engineered a long Crimson march in the third period. He made several brainy calls, including two fake punt formations in a row and a draw play with Larry Repsher carrying...
Coach John Yovicsin produced some new heroes, although they were hardly of the classic mold. After some frantic first-half switching of signal-callers, Yovicsin settled on junior Ted Halaby. Halaby contributed a goal-line fumble at a key point in the third quarter, but he did move the team well and ran for 25 yards in seven carries...
Many companies try to cut costs in small but effective ways that are overlooked in times of plenty. NBC Chairman Robert Sarnoff now has two secretaries instead of three. American Airlines, which had more than a 50% decline in first-half profits, has decided to re-use plastic dishes from its food trays instead of discarding them. Minute Maid Corp. tallies the length of all long-distance phone calls, gives a "Joe Blow" award to the longest-winded employee. Savings per year...