Word: droppings
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Dates: during 1950-1959
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Things were even worse for the New York Central, which passed its second-quarter dividend after a January-February loss of $13.8 million. To economize, the Central will drop its fiveyear, $500 million modernization program, complete only about $20 million worth of projects under construction. The Baltimore & Ohio in February suffered its first monthly deficit since 1951, lost $990,000. Though still in the black, the Chesapeake & Ohio reported a decline in first-quarter earnings on common stock from $1.75 last year...
Only the Western lines felt relatively chipper. Their dependence on high-cost passenger traffic is far smaller, and many also operate profitable sidelines. Hard hit was Santa Fe, with a January-February drop in net from $8,900,000 to $3,700,000 because of slack freight traffic in petroleum products and durable goods. But Union Pacific's January-February railroad net slipped only 1%. Also in good shape was Southern Pacific. With rising income from pipelines and trucking affiliates, S.P. expects roughly the same earnings of $27.2 million in the first half of 1958 as in the same...
DIAMOND MARKET is slumping to lowest point in 3½ years. First-quarter sales by De Beers, which controls world supply, totaled only $42.8 million v. $49.7 million in same 1957 period. Biggest drop-off came in automakers' demand for industrial stones, but gem demand also fell...
...Idaho, her husband took her to Spokane to see Otis G. Carroll, 79, a practitioner of 43 years' experience. Though Paul Hull, a construction worker, thought Carroll was an M.D., he is actually a licensed drugless-healer -a "sanipractor." At his first examination (fee, $50), Carroll took a drop of blood from Doris Hull's ear, put it in his "radionic" device, twirled some knobs, concluded that he got a vibration at a dial reading of 42. To him, this indicated some form of tuberculosis...
...enough to spur consumption so long as basic crude prices remain high. The price of domestic crude in the U.S., for example, has jumped from $2.84 per bbl. in 1956 to $3.16 today, and producers make no bones about the fact that they prefer to cut production rather than drop prices sharply in a wholehearted campaign to increase sales...