Word: dieselization
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...Valdner built a model of a two-car streamlined train to run on an overhead single-rail track. The cars are carried on each side of a stout frame which holds the rail at its centre. Designer Valdner affirmed that two big propellers, each powered by a 530-h.p. Diesel engine, would drive his contraption 185 m.p.h...
...poor are well taken care of, order has replaced former disorder, and the restoration of historic buildings and civil beautification are proceeding on all sides. Unemployment has been reduced from 70,000 to 25,000 in two years, notwithstanding that the chief manufactures-toys, lead pencils, brushes and Diesel engines- largely depend on an export market that is now near the vanishing point...
Last week, after four years of deficits, Baldwin's directors voted to file a petition to reorganize under section 77B of the Federal Bankruptcy Act. It was not altogether because of a lack of business. The company had had its best year since 1931, with orders for locomotives, Diesel engines, turbines, steel castings and other equipment totaling nearly $22,000,000 against $10,600,000 the year before. Baldwin's chief troubles were fixed charges and lack of working capital, Its cash account, which led investors in 1930 to look upon the company as impregnable, had dwindled...
Since the U. S. import duty on foreign cars was cut to 10%, Germany's swanker cars bought with blocked marks have begun to tempt U. S. socialites who have been buying their big Diesel yachts in Germany for years. Thus in 1929 the highest-priced Mercedes chassis cost $15,500 in Manhattan, costs but $8,000 today...
...Caterpillar Tractor Co., which went into the red when Russia stopped buying tractors, was pulled out late in 1933 by emergency relief road building and the Diesel engine. Earnings for 1934: $3,651,000 against...