Word: deficits
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Dates: during 1930-1939
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...stability." How far we have gotten away from equilibrium, steadiness, and stability in governmental fiscal policy is abundantly and graphically indicated by the above figures. The phrase that a thing is of no more importance "than zeros on the war debt" might well be amended to "on the treasury deficit...
...recognize Mr. Morgan in the flesh as the banker came & went for lunch. Day before, it was learned that Mr. Morgan had dipped into his art collection for $1,500,000 in ready cash to help his executors settle his estate, and U. S. Steel Corp. reported a deficit...
Steel's report made better reading than the pacifist picketers would have supposed. In 1933 Steel's deficit was $43,000,000, in 1932 $92,000,000. The important fact, however, was not that deficits were declining but that operating profits-before depreciation and other charges-were rising. Chairman Myron Charles Taylor took pains to announce that the average wages of his 190,000 employes were up from 59? per hour in 1933 to 70? last year, that total wage payments were up nearly 30% from $172,000,000 to $210,000,000, although steel output increased less...
Bethlehem, No. 2 steel company of the land, actually reported a profit last week, $550,000 as against a deficit of $8,700,000 in 1933. Even more dependent on the moribund rail and building markets than U. S., Bethlehem was operating at 40% of capacity. President Eugene Grace, who has not earned a $1,000,000 bonus in several years, dourly remarked that he could see no reason why operations would not hold at that level for "a little while...
...Samborskimen started slowly, and at half time found themselves facing a 14 to 8 deficit. In the second half they rallied, but were unable to pass the fast hard-playing quintet from Franklin...