Word: major
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Dates: during 1930-1939
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Incomplete as mere earnings figures last week (major food, automobile and building companies had still to report), certain conclusions were inescapable. Steel's tumble was proof of how heavy industry has lagged in the recovery from Depression II. Caterpillar Tractor's drop reflected the slump in farm income. Conversely, Continental Baking's rise shows how industry's more rigid prices make for profits when highly elastic farm or other raw-material prices fall...
...Central States, through a bizarre series of other holding companies, gave him a net interest of 18.3% in North American. This is the sort of setup the Public Utility Holding Company ("death sentence") Act of 1935 was specifically designed to alter. Shrewd Harrison Williams was the first of the major utility tycoons to submit to its painful yoke, and North American registered with SEC in February 1937. By last fall when SEC finally forced the rest of the industry into line, Mr. Williams was all set to flatten his pyramid...
...week full of important utility events (see p. 58), North American's successful reshaping was not the least significant. It was: 1) the first publicly offered bond issue of 1939, and thus broke the capital market's ominous stagnation; 2) the first major public utility holding company financing since passage of the death sentence drove the industry into financial hibernation four years...
Undoubtedly a major work of Spanish Romanesque art is the fresco of a fantastic monster, recently acquired and installed in Warburg Hall at the Fogg Museum. Mounted attractively on the room's south wall, it is likely to win the most casual observer with its vigorous representation and rich color, its size and dignity. The fresco represents a species of griffin, showing the head and wings of an eagle, the neck of a serpent, and the tail of a cock. Though his body is much blurred, ferocity still lives in his eye, tension in his talons, strength in his large...
WASHINGTON--Secretary of State Cordell Hull tonight inferentially rejected proposals that President Roosevelt call an international disarmament conference and declared it is a "sacred duty" to strengthen defense forces when the specter of a major war "haunts the world...