Word: sale
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Dates: during 1930-1939
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...were drawn around a confused, mishandled, four-year-old Neutrality Act. To Washington the President summoned the Congress to meet on September 21 in special session. He prepared to ask them to repeal the major section of that act-the provision compelling him to declare absolute embargoes on the sale and shipment of arms and munitions to all countries...
...Withington Clement of the $2,322,408,000 Pennsylvania announced that his railroad is in the market for 20 electric locomotives, 2,500 freight cars, 18 passenger cars, 80,000 tons of rail. Total : $1,7,000,000 of new capital investment (75% to be paid for by the sale of equipment trust certificates), but only a beginning for the Pennsylvania which has 58,380 unserviceable freight cars, plans eventually to electrify its main line further west, faces the largest modernization outlay of any U. S. railroad...
...been put into the business since the founders scraped together $20,000 and began operations 55 years ago. Nothing to boast of, however, are the company's net income deficits for seven of the last nine years' operations. Marion's big income comes from the sale of mining shovels and since Depression I the industries that use them have been in the dumps...
...descendants of the founders sold out for $7,000,000. The deal was financed by the sale to the public of $3,550,000 of 6% first mortgage bonds, $2,643,900 of 7% cumulative preferred stock, 100,000 shares of no par common (current price $3.75). Although funded debt has been reduced by almost one half, Marion owes $1,619,388 back dividends on her outstanding preferred. Two years ago net sales of $6,174,822 gave the firm a $338,191 net profit; last year the company was back in the red, almost $500,000; last week Marion...
...Competitive bidding for security issues suffered a setback after the Pennsylvania Public Service Commission had insisted upon it for a $5,200,000 bond issue (and for 46,292 shares of preferred stock) of Pennsylvania Telephone Corp. When the hour of sale arrived, there were no bidders...