Word: netted
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Such was the net result (in millions of dollars) of the U. S. Government's operations for fiscal 1937. Each of the three figures in this calculation was a news item in itself...
...change last week the stockmarket went up. It was no whooping rally; the Dow-Jones industrial averages showed a net gain of less than 3 points for the week. Daily trading on the New York Stock Exchange never reached 1,000,000 shares.* Yet Wall Street had what Owen D. Young calls a "feeling in the seat of the pants" that the market had turned a corner. From a recovery high early in March to their low in June the Dow-Jones industrials dropped approximately 15%, from 194.4 to 165.5. By last week they were back to 172.2. Mercurial shifts...
Champion Braddock's net return from his share of last week's $715,000 gross receipts, ninth largest in ring history, was some $60,000,* far less than he was offered as a guarantee for fighting Challenger Schmeling. But Champion Braddock's loss was trifling compared to Madison Square Garden's. After last week's fight. Promoter Jacobs signed a five year contract for Champion Louis' exclusive services. Since a condition of fighting Joe Louis will doubtless be for all challengers a similar contract with Promoter Jacobs, Louis' victory last week gave Promoter...
...that the C. I. O. "hasn't got us yet" and that Tom Girdler is "doing a yeoman's job for all of us" (see p. 9). With total assets of $2,400,000, Birdsboro employs 800 men, had gross sales of $3,000,000 last year, net income of $233,000. The stock of this company, whose story would make a perfect Joseph Hergesheimer novel, has always been closely held but last week Birdsboro was granted permission to list 200,000 shares of no-par common on the New York Curb Exchange. Reasons: to provide extra working...
Last week furniture men had convincing data on the extent to which they have met their problem, realized their hope. An annual survey of the industry compiled by Seidman & Seidman, top-flight furniture accountants, showed an aggregate net profit of 4.04% on sales of $430,000,000 in 1936, compared to a net loss of .6% on $307,000,000 sales in 1935. This late comeback coincided with a jump in residential building from about 150,000 new homes in 1935 to an estimated 275,000 in 1936. It was the industry's first profitable year since...