Word: monsanto
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Dates: during 1940-1949
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...first hour (previous day's total: 441,000). The New York Journal of Commerce exulted, "To the business community, the nomination of Mr. Willkie spells a new era," and predicted a more confident policy among purchasing agents. More significant was the way individual businessmen took fire. Monsanto Chemical Co.'s Edgar Monsanto Queeny asked his board of directors for a leave of absence until November to work for Willkie's election, was refused, compromised by going on half-time and half-pay. Sloss-Sheffield Steel & Iron Co.'s Hugh Morrow announced he would raise an army...
...contention that large industrial organizations can now finance their own capital requirements from "internal sources" is exaggerated. Even so moderate a business recovery as that of 1936-38 sent many a well-heeled company to the money market: U. S. Steel Corp.. $100,000,000 for modernization; Monsanto Chemical, $5,000.000 for "working capital and plant expansion''; Standard Oil of New Jersey, $50,000,000 for "capital expenditures...