Word: make
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Dates: during 1950-1950
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...share, had a wartime peak of $1.74. U.S. Steel, now earning at the rate of $6.56, earned only $5.29 in its best World War II year. The facts were that the blue-chip companies whose stocks had led the bull market's rise, stood to make much less during a war. And in a new war, excess-profits taxes, renegotiation and tight controls might even squeeze down the profits of marginal and inefficient companies, war babies and the plane companies, which stand the best chance to profit...
...greatest worrying aloud about vital industrial materials was over rubber. To make up for the shortage in natural rubber the Government was already producing about 35,000 tons of synthetic rubber a month in its plants. But Goodyear Tire & Rubber Co.'s Chairman P. W. Litchfield last week said that the U.S. should reopen its other synthetic-rubber plants, boost production to 50,000 tons a month, and build up a stockpile of at least 200,000 tons. Warned Litchfield: "With no stockpile of synthetic rubber, our national security is placed in greater statistical jeopardy than just prior...
...going rough. After 107 days of hearings it was still taking testimony trying to prove its case. Last week Transamerica President Sam H. Husbands, onetime RFC director, and Lawrence Mario Gianmni, the frail, shrewd president of the Bank of America, got together on a deal that did not make FRB's job any easier...
...Encyclopædia Britanica, Muzak is another of the profitable enterprises of shrewd ex-Manhattan Ad Man William B. (Benton & Bowles) Benton, 50, now Democratic Senator from Connecticut. He bought the seven-year-old Muzak company in 1941, after a succession of owners had lost millions trying to make a go of it. To run Muzak, Benton hired handsome, go-getting Harry E. Houghton, another ex-adman, and he turned the trick by convincing industrialists that music improves workers' morale and efficiency. Houghton quadrupled the number of Muzak's customers, brought it from a near loss...
...approved a $1 billion cut in excise taxes on such items as train fares, movie admissions, luggage, jewelry and furs. And though President Truman had promised to veto any bill that did not balance these cuts with increases somewhere else, the House failed by a slim $12 million to make up the difference. To get new revenue, the House voted...