Word: railroads
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Dates: during 1920-1929
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Last week the Paris-Orleans Railroad Company sold $10,750,000 worth of 5½% external sinking fund gold bonds through a banking syndicate composed of A. Iselin & Co., Brown Brothers & Co., Halsey, Stuart & Co., Hemphill, Noyes & Co. and Wood, Gundy & Co. Few financial theorists in the U. S. reflected sentimentally that this was the railroad that carried U. S. soldiers from Bordeaux or Brest to battle. But all financial theorists did reflect deeply upon that interest rate...
...since the U. S. State Department removed its ban on French industrial financing. Theorists, comparing current prices for French bonds in New York, London, Amsterdam, Basel, had guessed that French business would have to pay about 6.10% interest on new borrowings. But out came the bankers with Paris-Orleans Railroad bonds yielding only 5.75% and the public quickly devoured them. Proof was here that bankers and public have a better opinion of French credit than statisticians...
...wages had already been cut to the danger point (see p. 35). Fall River started building itself up again: There was prospect of more work. The whistles of 29 locomotives were screaming one afternoon last week. Their cords had been caught in the fallen timbers of the Baltimore & Ohio Railroad Co.'s roundhouse and shops of Connellsville, Pa., while fire ate up $4,000,000 worth of locomotives and property...
Liniment, railroad fare, telegrams, spiked shoes, coaches' salaries were so costly that every other sport showed a deficit. Crew cost Yale the most, $65,618; the Gun Club, least expensive, was a $651 luxury. Visiting teams pocketed a third of the huge football monies. The rest went toward promoting adequate padding and feed for Yale athletes, toward athletic education, toward that potent plank in every college sales talk, "Athletics...
Experiments with radio communication between moving trains and railroad signal towers had previously been made, but never before so successfully as last week on a mile-long New York Central freight train. In a tower at South Schenectady. N. Y., were Edward W. Rice Jr. and other General Electric officials; on the train were New York Central officials. They talked together, and clearly, as the train moved...