Word: aroostock
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...then began to scramble for potatoes, which he knew he would have to deliver by last week. With offers of cash and his own stock of potatoes, he managed to settle some of his contracts. For the rest, he sent agents to Maine's Aroostock County, heart of the state's potato business, to try to round up spuds from farmers with cash offers of $6.50 to $8. There were a few takers, but most of the Maine farmers balked because they had received other offers as high as $15 from export agents-some of the longs...
...note in your Feb. 9 issue in your Business & Finance section, you say: ". . . increase in net income of 11.5% for the year Bangor & Aroostock . . . stood alone...
...know whether or not at the time this was written your financial editor had seen the 1930 preliminary report of the Chicago Great Western Railroad Co. If not, I wish to call your attention to the fact that Bangor & Aroostock does not stand alone. The Great Western report is, I think, even more interesting because no unusual conditions prevailed in its territory to produce its excellent results, as was the case with the Bangor...
...shockingly bad fourth quarter. Railroads, as expected, suffered heavily. The first 67 roads to report had a net operating income in December of $39,591,000 against $56,709,000 in December 1929-a drop of 30.1%. With an increase in net income of 11.5% for the year Bangor & Aroostock ("The Potato Road") stood alone. Utilities in general showed the effects of depression. Great Commonwealth & Southern Corp. covered its dividend by a margin of only .4? a share...
...seaplane been flying on schedule, it should have been about 200 miles off Hawaii when the message was sent. But no plane had passed the U. S. S. Farragut, stationed 420 miles off. The ships Aroostock and Tanager began to search...
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