Word: losses
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Dates: during 1930-1939
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...York County's Supreme Court House to witness a bankruptcy sale of the property of Hudson River Navigation Corp. Forced to earn a year's maintenance in four summer months, the 100-year-old concern went under in 1932, has since been operated at a loss by court trustees. Sole bidder for its assets last week was a contractor named Harry R. Pearley, whose offer of $100,100 was promptly accepted. Newshawks soon found that the real buyer was not Mr. Pearley but a fat and fabulous man named Samuel Rosoff who was pacing about at the fringe...
Meanwhile a Ledger stockholder, alarmed by the Ledger's loss of revenue and good will, persuaded a court to put two trustees in charge. He charged Publisher Russell with "general business mismanagement," and with loaning himself...
...company now admits that these liquor ventures were not altogether successful. Net profit for 1934 of $439,500 was, according to President Parry Dorland Saylor, "not all that we hoped it would be." Like many another liquor company, Canada Dry had overestimated U. S. liquor consumption, taken a substantial loss on sales through price markdowns...
...Building at No. 836 South Michigan Avenue and hung up his grey fedora in the president's paneled office on the third floor has paid no dividends on its common stock since 1931. That year for the first time in its corporate history Crane Co. operated at a loss. A producer of capital goods, Crane was in the red for the next two years but in 1934 climbed out to the extent of $1,000,000 (1929 profit: $11,500,000). And last week the Crane directors recognized Recovery by declaring a $1 dividend on the preferred -first preferred...
Breaking the old Bolshevik rule that railway casualties must be concealed, new Commissar of Railways Lazar Kaganovich last week revealed 62,000 accidents on Soviet lines in 1934, with destruction of 4,500 cars, damage to 7,000 locomotive and 60,000 cars, "material loss" of 500 cars, damage to 7.000 locomotives and 60,000 cars, "material of 60,000,000 rubles and the deaths of "hundreds of persons." Editorialed the Party newsorgan Pravda next day: "The previous policy of concealing railway wrecks was wrong...