Word: netted
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...Board of Trade Clearing House selected a group of independent brokers (whose names were kept secret) to close out the Rosenbaum open contracts privately. Within a half hour after the market opened. President Boylan proudly announced that the job had been done. The liquidation was accomplished with a net loss for the day of only 1? in the price of wheat...
...anyone notice the cigaret manufacturers rushing the NRA in order to get a code? . . . The total amount paid to producers in the nine principal tobacco States didn't equal the net profits of the big four cigaret manufacturers...
...Street nervously debates the possibility of a dividend cut. But with $250,000,000 in cash & Government bonds and surplus still above $400,000,000, A. T. & T. manages to stand the strain. Last week President Gifford was almost sanguine on the business outlook. Telephones in use registered a net gain of 112,000 in the three-month period, jumped another 22,500 in the first two weeks of April...
...over the $635,000,000 earned by the same companies in 1933. Only important industrial groups losing ground last year were leather & shoes, sugar, textile & apparel, aircraft, shipping & shipbuilding. Even including utilities, which showed a 6% decline in profits, and railroads, which operated at a deficit, the net increase in U. S. corporate profits for the second year of the New Deal was a clear...
...letters to Baldwin stockholders, President George H. Houston had called attention to Midvale's significance in calculating net quick assets but not, in SEC's opinion, emphatically enough, and never at all in the audited balance sheet itself. Said SEC's report: "Even if ... assets of wholly-owned subsidiaries were considered to be those of the parent, the quick assets of this partly-owned subsidiary would have to be segregated in order to determine accurately the working capital position of the parent company, a fact essential to any adequate analysis of the position ... [of the] bonds...