Word: new
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Dates: during 1930-1939
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...Thom McAn chain stores. Under the plan the factory sold shoes to the distributor at cost, took a percentage of net profits from sales. This streamlined combine, which eliminated all conflict between the two main branches of an industry, did away with the expense of changing over machines, putting new models of shoes into production. It never failed to show a profit. Its boast was that neither half of the partnership had any control over the other. Last week that boast was liquidated...
...remove any possibility of a bust-up. The deal: 1) Melville to acquire all of McElwain's outstanding 16,966 7% preferred and 104,726 common shares; 2) Melville stockholders to submit to reclassification of their 99,992 6% preferred, 404,722 common shares, take shares of the new company in return...
...British Air Ministry cast its eye about for a source of Empire-built aircraft out of the reach of Hitler's bombers. The Ministry's eye fixed on Canada. The week before Chamberlain and Daladier signed away the life of Czecho-Slovakia, the Dominion got a new company: Canadian Associated Aircraft, Ltd. It was formed with Government blessing to coordinate aircraft orders from Britain. All its stock is held by six Canadian aircraft makers. The six: Canadian Car & Foundry Co., Fairchild Aircraft, National Steel Car Corp., Canadian Vickers, Fleet Aircraft, Ottawa Car & Aircraft...
...foreseeing business ahead, began constructing two assembly plants, in Toronto and Montreal. Last week, while fuselages, wings and landing gears were coming off the old assembly lines (to be set up later in the Toronto and Montreal plants), it was announced at Ottawa that negotiations were about complete for new British war orders to Canadian Associated. The first order was whispered to be for $20,000,000 worth of bombers, and plenty more later...
...neat anomaly was to be found between 1939 and 1929's production and employment figures. At 120 the production index virtually duplicated 1929's peak (126), but 1939's unemployment is around 9,000,000. This is largely due to the fact that some 500,000 new workers come into the labor market each year: October's nonagricultural employment (34,649,000) was only 1,492,000 under 1929. For with a growing working population it would be perfectly possible to have employment and unemployment increase at the same time...