Word: netted
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...last week Jersey Central went bankrupt, joined 81 roads (over 31% of U. S. railroad mileage) that have gone into receivership since 1931. Driven to the wall by seven consecutive whopping deficits, its first eight months' operations this year showed a $2,709,000 net loss. Of its once lush freight business, about 50% was coal and 40% manufactured goods, and neither recovered from Depression I. With heavy fixed charges on a bonded debt of $51,198,000, the strain of depression was too much. But the straw that broke Jersey Central's back was taxes...
...Suhr, president of 24-State, $44,000,000 City Ice & Fuel Co., was less scared than most icemen. He had jumped the rest of the industry five years, had brought his company out of the drippy-wagon, pickerel-pond stage, had $25,710,324 sales and $2,972,997 net income. By the end of 1935, other icemen put Suhr at the head of newly organized National Ice Advertising, Inc., to see what could be done to rehabilitate the industry. Changes followed...
Cheerful financial news there was, last week, in September's railroad earnings report. Net income for Class 1 roads was estimated to be a swaggering $36,000,000, twice September 1937's $16,110,527, three times August's $10,053,000, six times September...
Principal surprise was that when gross operating revenue humped sharply (18.3%) since last year, expenses were kept down so well that nearly all of the increase in revenue was brought down to net operating income. Typical of this policy was New York Central, whose gross jumped $5,900,000 (from $25,800,000 to $31,700,000) compared with September 1938, while its net operating income jumped $4,100,000 (from $2,200,000 to $6,300,000). On the other hand Pennsylvania, which in September was already hard at work repairing down-at-heel freight cars (such repairs...
...fast battle cruisers) until the Hampshire (with Lord Kitchener aboard) was sunk by a German mine outside it. Then it was closed by mines, as it doubtless is again this time. Hoxa Sound on the south is the deepest and widest approach. Here are a "boom" and submarine net barrier* as well as hundreds of mines, doubtless of the controlled type operable by electric switch ashore. Infrared "electric eye" detectors for surface craft are also believed installed at Hoy and Hoxa. To pick his way through such barriers, Prien would have needed a map furnished either by spies...