Word: netted
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...Cole presented at the meeting a report for the fiscal year ending June 30, 1933, showing receipts of $947,000 and a net profit of $57,000 of which $56,000 was given over in dividends on October 13. "We feel pleased," he said, "that we could fulfill our pledge of 9 per cent on cash purchases and 7 on charged, although last year we were able to pay 10 and 8 respectively...
...reading lists. It was proposed that fifteen lectures, delivered during the closing weeks of the term would serve a double purpose: such a system would relieve professors of the onus which attends bi- and tri-weekly expositions, and it would give students an opportunity to observe whether anyone, professors net excluded, were able to assess intelligently a given body of information. Failure to adopt this suggestion will by no means be fatal; but it will insure a continuation of a major bane of American education, "the transfer of material from the professor's notebook to the student's without...
...order to check predatory and destructive price-cutting and to minimize retail operating losses resulting therefrom ... no retailer shall offer for sale, sell, exchange or give away any merchandise . . . below a minimum price which shall not be less than 10% above the manufacturer's net invoice delivered price to the retailer on all purchases direct from the manufacturer and not less than 7% above the net wholesale invoice delivered price on all purchases made through intermediary channels performing wholesaling functions. It is provided, however, that any retailer may meet any competitor's price on identical articles...
...week. Profits were maintained during 1932-33 despite the lower dining hall rates in that year because the general price level of food had fallen correspondingly. Now, however, when dining hall rates are at their lowest, general food prices are rising sharply, and even threaten a net loss to the University from operation of the dining halls until it can readjust its rates in accordance with the new price level...
Well might the brokers clap for their defender. Many a small brokerage house which has a gross business of $500,000 a year is lucky in these days to net 15% of gross for division among half a dozen or more partners. A tax of 5% of gross would take one-third of its profits. Worse off would be larger houses which do a large "wire" business (execute orders transmitted by out-of-town members, receiving only one-half of the normal commission for their services). Worse off too would be oddlot houses, who specialize in furnishing lots of less...