Word: flooding
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Dates: during 1930-1939
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Oldest U. S. broadcasting station was off the air for an hour when failure of power silenced Pittsburgh's KDKA. Other broadcasters took what the flood brought them with varying degrees of enterprise. National Broadcasting Company sent out engineers and announcers to look at acres of dun-colored water, broadcast what they saw. Columbia Broadcasting System relayed the flood descriptions of local stations...
During the worst of the Hitler war-fright the market looked as if it might take a bad tumble. Yet by last week it had regained composure, and prices were nearly back to the highs of the previous fortnight. To the first flood news last week the market was impervious, though later when it was realized that first-half earnings would have to be revised downward for the industrials, utilities and railroads affected, quotations began to soften. What the stockmarket will do next is anybody's guess. But what U. S. business will do for the next few months...
...this year the Annalist index lost about 40% of that 1935 gain, partly because of bad weather, partly because of a sharp drop in automobile production after the year-end. Having passed its winter low, U. S. business was once again on the rise last week, and, though flood conditions will undoubtedly distort the standard business indices for a few weeks, consensus was that the spring upswing would be more than seasonal...
...Buyers' Arrivals in Manhattan, was nearly 15% above the same week a year ago. Retail merchandise deliveries in the New York metropolitan area, comprising at least one-tenth of the total U. S. retail market, were up 10% for the first two weeks of this month. Except in flood regions, where there would be little if any, Easter trade was expected to be the best in years...
...company is one of the leading U. S. manufacturers of precision machine tools and manufacturing instruments.* Moreover, Pratt & Whitney is not an independent concern but the principal asset of Niles-Bement-Pond Co. Last week Niles-Bement-Pond's principal asset was an island in flood waters, but that dampened not a whit the desire of Chairman Edward A. Deeds for a machinery merger. Expansive Chairman Deeds, who is also chairman of National Cash Register, proposed to unite Pratt & Whitney with General Machinery Corp., a $4,500,000 Hamilton, Ohio, maker of heavy tools and Diesel engines. General...