Word: outputted
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Since 1971, Perdue's output has grown 17% annually, and stands now at 1.6 million broilers a week. Yearly sales are just shy of $180 million, making the Salisbury, Md.-based company the seventh biggest chicken marketer in the U.S. Wall Street bird watchers think it could rise as high as fourth by year's end. The privately owned company does not report profits, but President Frank Perdue, 56, says that in nearly six decades, it has never lost money...
...chaotically competitive nature of the $5.5 billion chicken industry. Some 190 companies, or 100 fewer than two decades ago, raise and sell the birds; the four largest firms account for only about 20% of the business. The nation's biggest producer, North Carolina's Holly Farms (weekly output: nearly 5 million broilers) is a subsidiary of Memphis-based Federal Co., a large flour miller, but other big companies have been unable to make a go of chicken raising. Ralston Purina, once No. 1 in the business, and Pillsbury both dropped out of the broiler game in the 1960s...
...also feared that Kennecott's purchase of Peabody marked a trend toward competition-crushing bigness in the coal business. But Peabody's share of total U.S. coal output has remained steady: about 12%. Meanwhile, since 1968, the proportional market share of the eight biggest coal companies has fallen from approximately 41% to 37%, while the share for the 50 biggest companies dropped from 69% to 66%-figures that suggest that the coal business in the U.S. has become less concentrated and more competitive in recent years...
...well below those of the succeeding quarters. Actually, when the first and second quarters of this year are compared, profits are virtually unchanged after seasonal adjustments -even though earnings in the April-June period were hindered by a slowdown in the rate of expansion of the nation's output of goods and services...
Communist nations manage to achieve growth by following detailed output and investment plans drawn up and enforced by a state central planning agency. But the state-owned economies...