Word: maye
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Dates: during 1920-1929
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...wishing to expand, you will very likely see that a branch bank can be of more assistance in time of trouble because its risks are spread over wide area; that in branch banking credit is very liquid so that it can find in any one locality as much as may be required, bringing the funds if necessary from afar; that management is much more likely to be competent and honest in a few strong hands than in many weak ones...
...brunt of the losses in times of overproduction. When they begin to prosper the industry is looking up. The price trend for gasoline during the summer months has been slightly higher, again a token contrary to overproduction, although it must be discounted because of seasonal demand. Finally there may be some additional demand for oil in China if that country goes to war with Russia, which has been supplying part of its demand for kerosene...
...overnight any danger of oil drugging the market. Yet great hopes are held for the results of a California law which goes into effect in September. The law forbids oil production without proper efforts to conserve the natural gas which flows out with the oil. Enforcement of the law may reduce California's overproduction by some 250,000 barrels daily. California is at present yielding more oil than any other State. The result may be a reduction of 10% or more in the U.S. output...
Radio Tubes. National Union Radio Corp., a $16,000,000 company, was formed to unite the Sonatron Tube Co., Televocal Corp., Marathon Co. and the Magnatron Co. The combined capacity of these companies (to which others may be added) is said to be between 25 and 35 million radio tubes a year. Fifty million tubes were sold in 19:8; 80 million are expected to be sold in 1929. In tube production the new merger will thus be a rival for Radio Corp. with which it has reciprocal patent licensing arrangements...
...WOMAN OF IT-Clare Ogden Davis -Sears ($2.50). Though onetime assistant to Mrs. Miriam Amanda Ferguson, former Governor of Texas, Author Davis forgets whatever she may have learned of female politicians. Her novel contains the highly artificial story of a woman governor who sacrificed her politics for her man. Obvious, banal, stupid, didactic, the Davis style has all the anemia of a lady's home journal...