Word: railroads
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Dates: during 1930-1939
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These relics were found in 1931 by James Edward Dodd, a railroad brakeman who had staked out mining claims near Beardmore, and was digging and blasting in his spare time. He took them home, thinking they were Indian relics. His wife insisted that he get "that junk" out of the house. Dodd relegated them to the woodshed, but kept on talking about them. Eventually word of the find reached the ears of Curator Currelly, who asked the railroadman to bring his treasures to Toronto. After some study the archeologist became convinced that he had genuine Norse armor of the late...
...There are 18 industrial, railroad and public utility corporations in the U.S. with assets of more than one billion dollars each. There are twelve financial corporations in the same class....In each of 22 sovereign States of this Federal Union, according to the World Almanac for 1938, the assessed valuation on real property was less than one billion dollars....In each of 16 States the total valuation of all property subject to general property tax was less than one billion dollars....The assets of each of those giant corporations are subject to authoritarian control by the corporate managers while...
...four utility bigwigs to Washington to discuss the Administration's long-bruited plan to foster a billion dollars worth of utility expansion for purposes of national defence. Taking the hint, utility stocks soared to new highs for the year on the New York Exchange, led the industrial and railroad averages also to new high ground...
...Extended its easy credit policy to railroad equipment trust certificates. Heretofore, with the exception of the World War period, the Interstate Commerce Commission has always required a 25% down payment by railroads on equipment purchases financed by equipment trust certificates. Last August ICC allowed Seaboard Air Line Ry., which is in reorganization, to finance 90% of a $1,671,000 equipment trust issue. Last week in a supplementary decision ICC let the Seaboard finance the other 10%. ICCommissioner Claude R. Porter dissented on the grounds that such a policy would impair the market for equipment trusts...
...scare paralysis waned last week, underwriting and security markets revived hand in hand. On the New York Stock Exchange heavy buying volume shot the Dow-Jones industrial average to a new 1938 high of 149.75, which was "confirmed" by a new peak since January of 30.91 for the railroad averages. Underwriters were heartened by the successful sale of a $37,500,000 refunding by Virginia Electric & Power Co. and a $42,000,000 refunding by Michigan Consolidated...