Word: netted
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...long the Lampoon has been heavily laden with debts run up on extravagant ventures which failed to bring the returns expected. Serious difficulties were met with in the case of many issues and the comic found itself ensnared in the net...
Despite its million-dollar net profits Hotchkiss & Cie is really small fry in the armament world compared to such a French giant as Schneider-Creusot. Its distinctions are two: 1) it is independent of Schneider-Creusot which owns or controls 412 arms and allied enterprises including Czechoslovakia's Skoda. 2) Though a French firm, its founder like its present managing director was a U. S. citizen, Benjamin Berkeley Hotchkiss, born in Watertown, Conn. in 1826, made a fortune manufacturing guns and munitions for the North during the Civil War. He went to Europe in 1867, established a cartridge factory...
...yellow railway station where many of its visitors put their private cars on sidings. It is chartered to operate as a private organization to run a buffet "and such games of amusement as the managers and members may from time to time agree on." The games of amusement reputedly net Colonel Bradley $1,000,000 per year, although the receipts have been lower since Depression and last year the croupiers and other attendants took a cut. Nevertheless, the Beach Club has been sufficiently profitable to permit Edward Riley Bradley, first citizen of Palm Beach and a devout Catholic, to build...
...some $2,700,000. Steel would still have been able to report a profit had it not then deducted a walloping $10,795,000 for depreciation & depletion. This, of course, was not money out of its big pocket, but eventually those plants and mines must be replaced. Net result was a $6,989,000 loss for the first quarter against a $16,730,000 loss for the same period last year when Steel's operations really meant money out of pocket. Noteworthy was an increase in efficiency. Steel shipped 18% less tonnage in the first quarter than...
Rails. With a 21% increase in gross revenues for the first quarter, New York Central R. R. reported a 129% increase in net operating income-$8,211,000 against $3,536,000 in 1933. The first 65 carriers to report March earnings showed a 33% average increase in gross revenues and net railway operating income up 396% from the March before. Operating net for all class 1 roads was estimated to be $51,000,000, best figure for the month since...