Word: made
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Dates: during 1930-1939
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...Steel Corp. Big Steel has run at lower percent of capacity than the independents, has faced bitter price competition in the profitable (to others) Detroit steel market, has had much of its capacity in Pittsburgh and Chicago idle because of stagnant demand for capital goods. Last quarter it made only 18? a share on its preferred stock, grimly paid holders the $1.75 coming to them: the difference, $5,644,368 (nearly half the size of Chrysler's profit for the quarter), came out of a generation of accumulated fat. This followed a $32,937,131 drain in 1938, caused...
Last week these predictions did not look so hot. When they were made, industrial production stood at 104. In January it slid to 101, in February and March to 98. In April, while it continued on its way down, Colonel Ayres's latest analysis stubbornly laid down conditions for recovery "to continue." A month before Joe Kennedy spoke, the Dow Jones stock averages had reached a 1938 high of 158.41, but last week they were about halfway back to their 1938 low of 98.95. Ambassador Kennedy was saying nothing (for publication) about stock prices...
...last week a significant incident spoke in an-other tone of voice. After waiting anxiously for days, businessmen heard Adolf Hitler speak (see p. 18). Promptly the London market spurted up and the New York market headed down-a pointed suggestion that the worries of U. S. business are made in the U. S. Two of those worries...
Japan has several lumbering German-made rolling mills of the type outmoded by the U. S. continuous strip process, and it has one 43-in. continuous hot and cold strip mill (not yet operating) sold it by United and Mesta Machine. But it has no way, except by U. S. purchase, of replacing any parts in this continuous mill or of building another. In theory, its new purchase from United will end some of these deficiencies. Actually Japan will still depend upon the U. S. for tailor-made ball bearings and high-grade forgings which are beyond Japanese imitative technology...
...looked good, Partner John D. Hertz (Yellow Cab Co.) of Lehman Bros, joined with Floyd Odium's Atlas Corp. to purchase 81,204 shares of T. W. A. from General Motors at some $14.50 a share. This 13% interest gave them operating control. Next year T. W. A. made $205,000 and its stockclimbed to $27.50. But in 1937 T.W.A. lost $959,000, in 1938 $773,000. Its stock dropped to $4, was last week at $8 when Lehman Bros, announced with an audible sigh of relief that it had sold out to Jack Frye and Paul Richter...