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Chapter 5. Next year the company did better, ending 1933 with a net loss of $4,384,000. The day President Roosevelt signed the 776 amendment to the Federal Bankruptcy Act (June 1934), RKO filed under the new law. Handsome box-office returns on Katharine Hepburn, Fred Astaire and Ginger Rogers in 1934 helped RKO to end the year with a net loss of only...

Author: /time Magazine | Title: Business: RKO Primer | 12/7/1936 | See Source »

During 1935 and the first nine months of 1936, said the Treasury, foreigners bought $4,354,000,000 worth of securities in the U. S., sold $3,449,000,000 worth. Net purchase: $905,000,000. Of this, $633,000,000 is now invested in U. S. securities, $272,000,000 in foreign securities traded on U. S. markets. Britain was the biggest buyer on balance ($341,000,000), followed by Switzerland ($153,000,-00), The Netherlands ($130,000,000), France...

Author: /time Magazine | Title: Business: Hot Money (Cont'd) | 12/7/1936 | See Source »

...Philadelphia Co. in 1931 reported to investors net earnings of $725,000, to the Government for income tax purposes a net loss...

Author: /time Magazine | Title: Business: Philadelphia Shocker | 11/30/1936 | See Source »

...common stock do the directors own?" President Humphrey, pointing to a big stack of ledgers under the table, replied: "That's difficult to say. The books are here for inspection." Adjusting his horn-rimmed glasses, he read "these figures from our treasurer": Tide Water's estimated net income for the year, $11,000,000. Available for common stock dividends, $1.26 per share. Last year the profits on common were 73? per share...

Author: /time Magazine | Title: Business: Tide Water Tangle | 11/30/1936 | See Source »

...that it flew through a crack in his bang-board. Adam Byczynski, Illinois champion and a hot favorite, husked fast but carelessly. His creditable total of 1,630 lb. was cut down to 1,466 by penalties. Well short of the Byczynski gross but a shade ahead of his net was the score of a long-faced, 38-year-old Iowan who, dressed in tennis shoes, white duck pants and an undershirt, had husked his rows more slowly but with scrupulous care. He was Carl Carlson, brother of famed Elmer, who did not bother to defend his title this year...

Author: /time Magazine | Title: Sport: Elmer's Brother | 11/23/1936 | See Source »

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