Word: braking
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Dates: during 1930-1939
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...Westinghouse. He founded scores of concerns to exploit his contraptions. At one time he was worth at least $50,000,000. Heads of the Westinghouse corporate family have always been Westinghouse Electric & Manufacturing, which passed from the founder's control in the panic of 1907, and Westinghouse Air Brake, which was the first but is no longer the foremost. Today Air Brake's assets of $55,000,000 are topped by Electric...
...peak railroad year of 1926 Westinghouse Air Brake made $10,000,000. A Mellon (Richard K.) sits on the board but even the Mellons could not prevent the company from losing $600,000 last year. So far this year railroads have ordered about 13 times as many freight cars as they built or bought all last year, and Westinghouse is once more in the black. Last week it looked as if Westinghouse would stay in the black for at least a decade. The American Railway Association, as one of its last acts before it was formally absorbed by the bigger...
Last week dozens of big and little corporations selling biscuits, brake shoes, dynamos, table salt, telephones, bottle glass, gum and gas machines reported their profits and losses for the first half of 1934. A majority had done better in the second quarter than in the first. Of 19 big corporations only four, A. T. & T., Wrigley. National Biscuit, Corn Products, earned less than they had in the first six months of 1933. Five others jumped into the black, against losses last year: four already in the black doubled or nearly doubled their earnings; the rest showed moderate improvement...
...Smart, hustling American Brake Shoe & Foundry Co. and subsidiaries reported half-year profits of $658,000, up 170%, from the first six months...
...taxidriver. When he was 16, he began driving in motorcycle races, graduated to automobiles two years later. He finished fifth in the 500-mile race of 1930, entered unsuccessfully for the next three years. Meanwhile he made a good living out of a shop called Ned's Brake Service and a night club in the suburbs. When the night club failed last winter Cummings bought a beer tavern. Two nights before last week's race, he spent the evening there with taxidriver friends, went home and stayed in bed until nearly time for the start...