Word: netted
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Last week railroad stocks sold down to a new low since April 1933. January earnings were thoroughly depressing. Though gross revenues were up slightly, net operating income of the first 51 roads to report showed a drop of 22%. That was a pronounced extension of a trend that set in during 1934 when the 147 Class I carriers reported a gain of nearly 6% in gross revenues, but a decrease of 2½% in net. Plainly, the U. S. Railroad System was boxed in its race against rising costs...
...into Black. Radio Corporation of America went into the red in 1932, was $16.25 in arrears on every share of Class B stock as late as last December. Last week, with a gross income increase of 26%, RCA reported 1934 net profits of $4,249,000 against a deficit of $582,000 the year before...
Profitless Prosperity. Anti-New Dealers had a perfect example of profitless prosperity when Chrysler Corp., reporting 1934 sales at a five-year high of $362,000,000, announced net profits of $9,534,000. In 1933, with $123,578,000 less sales, Chrysler earned...
From Surplus. For the third consecutive year the world's largest private corporation failed to earn its regular dividend ($9). American Telephone & Telegraph and affiliates announced 1934 net income of $5.96 a share ($111,000,000) against $5.38 the year before. The regular dividend had been paid by drawing upon surplus, now $21.50 a share. President Walter Gifford announced that during the year A. T. & T. had perfected a new telephone which has the bell and other equipment in the telephone itself instead of in a separate...
...Canton, China, the local fire department scheduled an exhibition leap from a burning three-story platform. With 10,000 spectators watching, two Chinese firemen climbed to the top. Someone set fire to the gasoline-soaked frame before the life net was ready. When the flames reached the top, the two firemen jumped to their death...