Word: cashes
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Dates: during 1930-1939
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Died. Charles C. ("Cash & Carry") Pyle, 56, famed sports promoter; of cerebral thrombosis; in Los Angeles. Promoter Pyle made a fortune managing the professional career of Footballer Harold ("Red") Grange and sponsoring the first U. S. professional tennis tours. He lost it in 1929 in his second transcontinental "bunion derby" (marathon), tried to recoup with his "Believe It or Not" concession at Chicago's Century of Progress Fair...
...book by asking for it. He has certainly contributed a great deal to the Loyalist side in the Spanish civil war: the Guernica mural free, all proceeds from exhibiting it (to date about $5,000), at least two fully equipped fighting planes, and during the last few weeks a cash gift of 300,000 francs...
This, plus Tennessee Electric Power's cash reserves, was just enough to take care of its $72,000,000 in senior securities, but left nothing for the common stock. Since C. & S. owns 99% of the common, Bear Willkie roared at the end of his chain. Last fall, baited anew by a Congressional committee investigating TVA, he countered by suggesting that SEC arbitrate the issue, offered to pay all appraisal expenses...
...upped to $78,600,000, speedily accepted by Wendell Willkie. Including cash and odds & ends, the deal netted C. & S. about $80,000,000, a figure it can increase by selling Tennessee Electric's water, ice and transportation properties, which TVA did not want. By & large the settlement was the best news the utility industry has had in years, gave the most genuine promise yet that utility baiting is nearly over...
These bank figures are commonly thought of as showing merely the condition of the banks. But they also show the business condition of the banks' customers. What is a deposit to a bank is a cash asset to some customer. Bank loans, in turn, are a large part of customers' short term liabilities. "Bank debits," checks drawn to all accounts, represent "gross sales" and thus reflect public spending. The trend of inventories bought with borrowed money may also be followed in the rise or fall of bank loans...