Word: profiteered
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Dates: during 1940-1949
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...working doubly hard this week. Like a losing poker player who doesn't dare drop, the team is hoping to make its comeback bid later in the game. For the team, a win over the Indians would more than even the season's record. Anything after that is sheer profit, like a win over Yale or something else similar that you just don't talk about out loud...
...Goal. Hilton began eyeing the Waldorf in 1942 when he bought a batch of Hotel Waldorf-Astoria Corp. bonds with a face value of $500,000 for $22,500, or 4? on the dollar. A few years later, after the bonds had soared, he sold out at a profit of $412,000 to raise cash to buy Chicago's Palmer House. But he never forgot his goal. Last week, Connie Hilton proudly announced that he had reached it. Both he and the Waldorf's stockholders had signed the deal, and barring "a fire, an atom bomb...
...Campaign. Though the new hotel's fame quickly spread, it has never been a big moneymaker. In its first ten years it lost $12 million. Last year, the Waldorf managed to net $657,981 on a gross of $18.7 million. But the profit percentage is slipping. For the first eight months of 1949, the Waldorf grossed $11.8 million, netted only...
...also symbolic of the comeback of his airline. With his labor troubles settled, he has pulled his operating costs per revenue ton mile down to 36.44?, but according to CAB, they're still above Eastern. Although National wound up fiscal 1949 last June with a piddling $38,963 profit, it earned $866,000 in the last six months of that year, thanks partly to a big boost in mail pay over 1948. On the expectation of continued profits he is buying two new DC-6s and arranging for the lease of three more four-engined planes. When...
Thieves' Highway (20th Century-Fox) is a flashy, second-rate film with a simple, violent story. On his first haul, a fruit trucker (Richard Conte) foils some market thieves, avenges a robbery of his father, sells his apples at a profit and gets the girl. The movie makes no pretentions to anything but entertainment; its only message, if any: think twice before going into the fruit-trucking trade. There have been better trucking movies (They Drive By Night), but none so fast or so violent. Most spectacular shot: Millard Mitchell burning alive in the remains of his rickety truck...