Word: midyears
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Flowing Gold. Standard Oil of New Jersey turned in a whopping $71,000,000 of estimated profit at midyear compared to $48,000,000 for the same period of 1943. Socony-Vacuum Oil Co. netted $20,000,000 v. $15,000,000, Sun Oil Co. pocketed $7,800,000 v. $5,700,000. Eyeing this flowing gold, many a Wall Streeter boldly predicted that the industry may boost its year's earnings 40% over 1943. Cracked one oilman: "We're almost ashamed the way the money rolls...
...midyear G.M., along with the rest of U.S. business, was well aware that profit figures had become deceptive, mainly because of the increasing complexities of tax and reconversion problems. Actually G.M. made less this year, after taxes and renegotiation reserves, than last. Its profits were up mainly because it no longer needed to siphon off some $16,000,000 into its postwar fund, as it did the first half of last year. Few businessmen dared estimate 1944's total earnings on the basis of the first half. The end of the European war might make the most careful present...
...found some 20-odd men who had been present for more than a dozen exposures. One member of the Class was employed there as an usher for six months during his final term at Harvard. And a few years ago the Old Howard even appeared in a Geography 1 midyear exam question--the correct answer being to note the theatre's ideal location midway between Harvard Square and Charlestown Navy Yard. But that strategic site has not always been the convening place of sailors on leave and students on sprees...
...reasons for the good showing were a 91% jump in railroad net, sharply higher profits for airlines, amusement companies, hotels. Even manufacturing profits held up well. Thanks to a good final six months, total earnings eased only 13.8% for the year as compared to a 36.7% nose dive at midyear...
Despite the one-sidedness of the score, the Crimson did not put on a satisfactory showing. Midyear exams have dulled the keen passing edge of last December, and the covering in front of the Crimson goal, when need of such arose, usually was nothing short of disgraceful...