Word: pittsburgh
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Dates: during 1930-1939
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...Ferguson Co. of New York and Cleveland has built plants for such firms as General Foods, Pittsburgh Plate Glass, General Electric, U. S. Gypsum, Armstrong Cork. When new building dried up six months ago it sent out 2,200 questionnaires to executives in all types of industry except railways and utilities. Last week it announced that 275 firms, of which only 25 were big, had admitted holding up nearly $200,000,000 worth of industrial construction. Reasons given: 72% blamed the undistributed profits tax, most of the rest blamed uncertainty over Government policies, a negligible few feared labor troubles...
...plants and equipment. Last week the American Iron & Steel Institute estimated that the total for 1938 will be only $165,000,000. This figure seemed small when U. S. Steel Corp. last week announced that it was borrowing $50,000,000 in cash from ten New York, Pittsburgh and Chicago banks for construction purposes. But this fat sum was only to complete expansion already under way. The first new financing by "Big Steel" since 1929, it was made necessary by heavy payments for arrearage on preferred stock last year and by the obligation imposed by the undistributed profits...
...colleges eligible for the I.C.4-A. championships are Alfred, Amherst, Bates Boston College. Bowdoin, Brown, California, U.S.L.A., Carnegie Tech, Colby, Colgate, C.C.N.Y., Columbia, Dartmouth, Fordham, Georgetown, Harvard, Haverford, Holy Cross, Johns Hopkins, Lafayette, Lehigh Maine, Manhattan, Marquette, M.I.T. Michigan, Michigan State, N.Y.U., Northeastern, Penn State, Pennsylvania, Pittsburgh, Princeton, Rhode Island State, Rutgers, Southern California, Stanford, Swarthmore, Syracuse, Union, West Virginia, William and Mary, Williams, and Yale...
...Army, the Navy and experimenters for air transport lines have made thousands of blind landings. But last week Pennsylvania-Central Airlines-which has operated over the Allegheny Mountains between Washington and Cleveland for eight years without a fatality-set a ship full of passengers down on Pittsburgh's all-paved airport solely by instruments-and thus claimed to have made the first commercial blind landing. There are Army, Navy and airline blind landing systems. The one used in this case is called "Air-Track," a radio-guided approach system designed to standardize and safeguard all landings, but still awaiting...
...railroad stocks descended to new lows. Moody's commodity index was at 149, the New York Times' business index at 82.3 (down 21 points from a year ago). Car loadings stood at 570,000 cars, down 95,000 cars under last year's level. In Pittsburgh was held a meeting of the men whom depression hit first and hardest, the presidents of railroads. Although they offered no supporting facts, they strongly sustained each other's sentiments...