Word: putting
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Dates: during 1940-1949
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...Farmer. It is still too early to put neomycin among the widely useful antibiotics because of possible harmful side effects such as kidney damage. But it has already been used with success as a last desperate measure. Just before Labor Day, a fat but unhappy farmer was admitted to Pennsylvania Hospital in Philadelphia. He had a deep-seated infection caused by a common microbe, Aerobacter aerogenes, which is usually a pushover for penicillin or streptomycin...
Actually the terms to Kaiser are fairly stiff. For the $44.4 million, RFC required 1) a lien on all physical assets of K-F, 2) a guaranty for $15 million of the loan by two other Kaiser companies "who must also put up stock collateral having a market value of at least $10 million, and 3) a lien for $10 million of the loan on a fixed reserve of unsold autos...
...coal strikes. Some had been hard hit already. Of 47 railroads reporting so far, only two (Nashville, Chattanooga & St. Louis, and the Bangor & Aroostook) showed a gain for the first nine months over 1948. Some were in the red (e.g., Pennsylvania's September loss of $2.7 million put it in the red for the first nine months, v. a $20.4 million profit in 1948), and a bad third quarter put all the rest down anywhere from 15% to 75% for the nine months. Among the coal companies, earnings were also down...
...preposterously wonderful world. "I am firm in my belief," wrote Millionaire John J. Raskob in the Ladies' Home Journal for August 1929, "that anyone not only can be rich, but ought to be rich." All anybody needed to do, said Raskob, was save $15 a month, put it into "good common stocks." At the end of 20 years it would have swelled to $80,000 and be yielding $400 a month in income. It was such an easy way to get rich that messenger boys stopped to read the stock-tickers in offices, chauffeurs drove with ears cocked...
...high as 514, lost 77 points to close at 260; Adams Express, which had once been up to 750, lost 96 to close at 440. The closing bell stopped the selling. All night, brokers sent out frantic telegrams to the hundreds of thousands who had bought on margin, putting up as little as 10% of the cash price of the stock. Most of them had no more cash to put up to cover their losses. Thus the stage was set for Oct. 24-"Black Thursday...