Word: april
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Dates: during 1930-1939
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Monopoly. By far the year's most significant inquiry will be that of a National Economic Committee, set up by the Senate last week in response to a special message from President Roosevelt in April. Subject to approval by the House, after being rammed through over some serious Senate criticism, the N. E. C. will be composed of three Senators, three Representatives, an expert each from the Treasury, Justice, Labor and Commerce Departments, one each from SEC and FTC. The committee's province as set forth in the resolution sponsored by Wyoming's Senator O'Mahoney...
...Since April, Premier Edouard Daladier has ruled France in a manner more pleasing to the French Right than that of the preceding Popular Front cabinets. A Radical Socialist, for two uninterrupted years Minister of National Defense, M. Daladier's strong inclinations to please the Right have often conflicted with the fact that only by Socialist support has he remained in power. Although quickly-changing French cabinets during the last year have been less & less lenient with striking workers, last week M. Daladier got positively tough...
...Most famed Wall Street success during Depression I was that of Atlas Corp., Floyd Odium's tremendous investment trust. How Atlas is faring in Depression II showed last week in its semi-annual report.. Between Oct. 31, 1937, and April 30, 1938, Atlas' net assets dropped from $71,229,929 to $56,565,662, its common stock's asset value, from $13.36 to $9.44 per share...
...gloom, some economists pointed to one sign that Recovery II might be just around the corner: Housing, white hope of 1938. at long last seemed to be bestirring itself. In May, home building east of the Rockies, as shown last week by the F. W. Dodge reports, topped both April and March levels. Though this could logically be laid to the weather, it was noteworthy that engineering contracts of $45,250,000 were 27% above the same week of 1937, shoving the 1938 total to date 7% ahead of last year...
...which holds, as collateral on bonds now in technical default, Alleghany's 71% interest in Chesapeake Corp., middle link in the chain between Alleghany and rich Chesapeake & Ohio Ry. Financiers Young and Potter have been on the mat for months to see which shall dominate C. & O. (TIME, April...