Word: nets
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Dates: during 1930-1939
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...rose $100,000,000, taxes $60,000,000, wages $140,000,000. Income, meanwhile, was reduced 1) by the ICC elimination on Jan. 1, 1937 of some $120,000,000 in emergency freight rates granted in the Depression, 2) by a tremendous drop in traffic during the current Recession (net operating income of Class I U. S. roads was off 82% in January this year). Last fall the ICC granted rate rises on special commodities (like motors and accessories) totaling some $70,000,000, but the roads immediately declared this insufficient, petitioned for 15% more. This would have given them...
...Land, buildings, equipment and mineral properties, at cost (except for the inclusion of net revaluation increases by subsidiaries or their predecessors, prior to the organization of the present parent company, of $4,316,994.85 in mineral properties and $241,764.73 in other fixed assets) less reserves for depreciation, depletion and obsolescence...
...Light Parade. To the uninitiated, hockey, the fastest game in the world, looks like a haphazard melee in which someone by luck occasionally pokes a puck into a net. But professional hockey players, who are required to make snap decisions while speeding 30 ft. a second, have well-timed plays ready for almost every circumstance that arises, seldom make goals save by effective teamwork. Baseball had its famed Tinker-to-Evers-to-Chance combination, but every big-league hockey team has a forward line (left wing, centre and right wing) that functions with the precision of baseball's great...
...dividend it paid last year for the 16th successive year. Total operating revenues increased 5.7% to $1,051,379,343 , but total operating expenses increased 7.5% to $708,479,450. This fact, plus the gradual dwindling of business toward the end of the year, accounted for the drop in net earnings. More than two-thirds of the increase in costs was in wages and taxes. In the past two years A. T. & T. taxes have increased $43,100,000, or 46%. Warned Walter Gifford: "In the long run the Bell System looks to development and research to reduce the cost...
Opening the Government's case, Assistant U. S. Attorney Joseph W. Burns charged that the Ringlings grossed $53,400,000 from 1918 through 1932 when the circus was incorporated, paid out about $42,600,000, leaving a net profit of almost $10,800,000-an average annual $720,000 net which indicates that the Big Top was a much smaller Big Business than it was cracked up to be. But, said the Government, Ringling Lawyer John M. Kelley and the two onetime revenue agents who had helped him prepare income tax returns had made...