Word: planting
(lookup in dictionary)
(lookup stats)
Dates: during 1930-1939
Sort By: most recent first
(reverse)
...Beans. The soy bean, seed of an Asiatic herb, is the main crop of Manchuria, a staple food for Chinese and Japanese. In the U. S. some 3,000,000 acres were planted to soy beans last year. Most of the U. S. crop goes into forage. But some is made into sauce for chop suey, some into cooking oil, some into bread for diabetics. Henry Ford's chemist, R. H. McCarroll, foreseeing industrial uses of soy beans, got Mr. Ford to plant 10,000 acres to soy beans last year, 30,000 this year. From soy bean...
...finances. Mr. Weir thinks that a big debt is a good thing for a company because it makes everyone work harder but he saw no reason for paying 5% for nearly $40,000,000 of borrowed money when he could pay 4%. Moreover, he was planning for his Detroit plant a new wide strip sheet mill, which is an appallingly expensive aggregation of machinery. Upshot was that by December Steelman Weir and his two top executives frequently darkened the Kuhn, Loeb doors. With some inaccuracy, they were called "the three wisemen of Weirton...
...President Fink who best knew the creaking old elevators at No. 52 William Street. Kuhn, Loeb & Co. had helped Mr. Fink build his strategic plant in a bottomless swamp on the Detroit River, thereby confounding more orthodox steelmen who for more than engineering reasons freely predicted that his mills would sink out of sight. When Mr. Fink called with his friends last autumn, the Kuhn, Loeb doors were open. Inside, the triumvirate was greeted by Partner Lewis Lichtenstein Strauss (pronounced straws), who is something of an authority on the steel industry and the specialist- insofar as Kuhn, Loeb has specialists...
...conversations was dispatched to Washington as a registration statement for $50,000,000 of 4% National Steel bonds. About $40,000,000 of the proceeds will be used to pay off other bonds bearing higher coupons, the $10,000,000 balance representing new capital for expansion of the Detroit plant...
Profitable though National Steel has been through the lean years, it will not be so conspicuous when & if real recovery comes to the steel industry. It has prospered through amazing management and strategic plant location, plus the fact that a large part of its output goes into tin cans and automobiles-both steady customers, good years & bad. And it will get more than its share of future prosperity. But U. S. Steel, whose presidency Ernest Tener Weir reportedly refused, can make much more money in a single year than the sum of National Steel's assets...