Word: netted
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Harvard's tennis team, heavily studded with reserves, went down to a 6 to 3 defeat at the hands of the Cornell net-men in Ithaca Saturday...
...integrated companies (such as Standard Oil of New Jersey, Texas Corporation, Gulf Oil), this is not vital. If their refining operations show a loss, it is merely a bookkeeping matter provided that their crude oil production is efficient, shows a greater profit, for they still have net earnings. To Consolidated Oil which has to buy approximately half the crude oil it refines-and to other refiners without their own crude oil supply-the difference between the prices of crude and of gasoline is serious...
...Martin Company turned a net profit of $1,144,858. Last year it made $2,349,355 (equal to $2.15 a share) and in the first quarter of this year it made $682,496. Yet Martin has never paid a cash dividend, has ploughed back its earnings into plant expansion and reserve...
...netted $10,236,000. Last year, although its gross business rose some $4,000,000, its net fell to $7,039,000. Reason: I. T. & T. took a $3,561,479 loss on foreign exchange, for many good sound I. T. & T. earnings in foreign currency turned out to be pin money when translated into dollars...
...years of bombardment, this is not an unlikely estimate. In any war, army engineers have good reason for taking care of the telephone system, and once hostilities are over, business can quickly revive. Last week, Mr. Behn pointed out that I. T. & T. has not only recovered its net loss of 10,525 telephones during the fighting at Shanghai in 1937, but gained 7,335 more...