Word: overbuilt
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...conciliatory toward the Roosevelt Administration, remains its guiding spirit as chairman of the executive committee, but on the president falls most of the active N. A. M. work. As part of it, President Hook last week made a speech in Pittsburgh. Said he: "To state that America is overproduced, overbuilt and oversold is the sheerest tommyrot. . . . The business future is currently brighter than for months because there is on the part of Congress a more sympathetic attitude toward business...
...Iowa tax was not the only worry the companies shook off by withdrawing from the retail business. For years-and during Depression especially-their wholesale and retail outlets were overbuilt, requiring them to place more emphasis on the volume of gasoline sold than on the profits made. By turning dealers loose more or less on their own, they automatically started shaking down an artificial market into a natural one. They were also pleased to think that by creating a somewhat diminished host of little fellows out of a regiment of cogs they were aiding in the Decentralization of business, favored...
Manhattan was overbuilt long before the Rockefellers broke ground for their city-within-a-city. With such notable exceptions as their British Empire Building, Palazzo d'ltalia and La Maison Frangaise their office space could be populated only by inducing tenants to move from Manhattan's other tall towers. The zeal of the Rockefeller renting agents became proverbial. But not until last week did any real estate man publicly voice his opinion of the Rockefeller methods. Then the opinion came from a capitalist who is almost as old as John D. Sr., and almost as philanthropic, who also...
...pushed forward until only Germany and the U. S. rank ahead of Japan in power production. No major country but Japan can boast that its largest capital investment is in power plants, transmission lines, substations. The Japanese took to the game so wholeheartedly that today their system is actually overbuilt; generating stations with a capacity of some 300,000 k. w. lie idle. Burdened, too. with severe competition among the leading power companies and the strain of paying interest on foreign loans in depreciated yen, the industry has fallen upon evil days. Profits of 10% or 12% have shrunk...
...From the standpoint of existing competitive conditions in the industry, which is largely overbuilt in plant facilities with a capacity of 9,000.000 cars and a present output of 2,000,000, our future prosperity and profits of our stockholders' interests would be best served by reducing the book value of our plant facilities and effecting savings in depreciation. . . . The capacity of our plants remains the same regardless of book valuation, but their efficiency expressed in manufacturing costs is directly measured by book valuation...