Word: evens
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Dates: during 1930-1939
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...young as he once was, and his remarks made less than no sense. Electric rates are not based on per share stock prices; they are based on the total amount of money invested (or supposed to be invested) in the business. Nor could Commonwealth & Southern rob Consumers Power even by buying its stock at 1? a share: Commonwealth & Southern already owns 100% of the common stock of its subsidiary, and regardless of price will still own 100% after the transaction it proposes. For that matter, Commonwealth & Southern would lose nothing by paying $1,000,000 a share...
...first six months of 1939 the total operating revenues of 1,050 Class I motor carriers (annual gross of $100,000 or more) were $130,108,000 (up 30% from 1938) on 19,184,000 tons of freight (22% over 1938). Last week American Trucking Associations, Inc. turned loose even more striking figures. Based on returns from 193 firms, it reported that in October, for the third successive month, highway motor trucking hit a new all-time peak. October traffic was up 5.4% from September, 33.4% over 1938, 23.2% over 1937, 51.3% above the 1936 monthly average...
Meanwhile, the economic effect of this $40,000,000 expenditure on New York City is negligible. The addition of some 8,000 to its 7,500,000 inhabitants will not even make a ripple. But for airline travelers, North Beach has a substantial benefit: passengers will reach Grand Central in 20 minutes, instead of 55 minutes from the Newark Field through the Holland Tunnel...
...Louis Gates is pitting new U. S. smelting practice against the rutted methods of the British trust. Freight, insurance and greater demand have so far pushed the New York tin price approximately 29% above London. In spite of the ore handicap, Phelps Dodge can more than break even with tin at about 46?, which is more than 10? higher than the British break-even point. This should keep Phelps Dodge in the tin business even come peace. American Metal has the same economic problem. Meantime in Argentina, National Lead Co., St. Joseph Lead Co., and Patino are jointly working...
...Father Moylan's Christian Justice, is a convincing individual in Tommy Gallagher's Crusade (Vanguard, $1), but the tract-like limitations of the story are implicit in the original title: Tommy Gallagher-American Storm Trooper. Mari Sandoz's third book, Capital City (Little, Brown, $2.50), lacks even a credible character. A panoramic, pamphlet-pat story of imminent fascism in a Midwest State capital, it is little more than a leftwing city guide, mainly suggests that Author Sandoz writes much better about such intimate subjects as her father (Old Jules...