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...net operating loss for 1933 would have blanched the faces of the directors of any but what company...
...Emery & Paint" In 1932 the U. S. Railroad System operated at a net deficit of $139,000,000. Last year it cut this loss down to about $40,000,000. But the return on its invested capital was only 1.8%. Yet during Depression two eastern trunk lines have spent or will shortly spend a sum sufficient to build and equip a system as big as Atlantic Coast Line R.R. New York Central's improvements on Man- hattan's West Side call for a total outlay of $175,000,000. Pennsylvania's great electrification and terminal program...
...operating loss of $12,729,000 in 1932 was an operating profit of $18,439,000. To this was added special income of $1,335,000. But from that total was deducted $55,795,000 for bond interest, extraordinary expenses, and charges for depreciation and depletion. The result was net loss of $36,020.000. Preferred dividends and Federal capital stock tax took another $7,700,000 and 1933 footed up to a grand deficit of $43,724,000. Even so, the Steel directors decided to continue the 50? quarterly preferred payments. The New Deal, so far, has not been...
What was true of U. S. Steel, which is 40% of the industry, was true of the independents. Bethlehem reported a small profit for the last quarter but for the full year a net loss of $8,735,000. Its 1932 net loss was $19,404,000. Inland Steel turned a 1932 deficit of $3,320,000 into a nominal profit of $166,000. Jones & Laughlin cut a 1932 net loss of $7,910,000 down to $5,366,000. National Steel, only major steel company to earn a profit every year of the Depression, boosted its income from...
Left. By Frederick Gilmer ("Bon") Bonfils, flamboyant publisher of the Denver Post: a net estate of $11,829,570.12 (almost four million more than was estimated when the will was opened after his death-TIME, Feb. 13, 1933); to his foundation for the "Advancement of the Welfare of Mankind," his wife, daughters, other relatives, employes...