Word: seaboard
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Dates: during 1930-1939
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...Avco's quiet negotiations to acquire the assets of another big holding company, North American Aviation Inc. To pay for the property, Avco was to issue nearly 2,000,000 new shares of stock. Chief among North American's assets is a transport system covering the Atlantic seaboard below New York, joining Avco's transcontinental line at Atlanta and meeting its Boston-Montreal sector at Newark. Integrated, the network would blanket the East and South. But whatever the merits of the deal, its effect would be the reduction of the Cord share in total Avco stock from...
...last week were treated to one of those dramatic surprises that their industry so often produces, so dearly loves. Gasoline prices had dropped about 3? along the Atlantic seaboard. No profit remained in refining. It looked as if crude prices were bound to fall (TIME, Oct. 3). Then the Texas Railroad Commission ordered a 13% reduction in the State's output. It seemed that a price cut could be averted for a while...
Atlantic shipping lines, Seaboard Railways and unfriendly shippers protested bitterly to the Shipping Board and the Interstate Commerce Commission that the Seatrain, a floating railroad yard with a mile of track below-deck to hold 100 loaded freight cars, was damagingly unfair competition. Seatrain New York has a speed of 16 knots, can carry freight faster than any coastwise freighter, can lighter it from Hoboken to New Orleans in six days for half the rail fare. The Shipping Board handed down a last-minute decision while Seatrain New York was fidgeting in New York Harbor: Seatrain Lines Inc. will...
Perhaps the most encouraging of fundamental figures was the statement on electric power production issued last week. The gap between this year's output and last year's was squeezed from 12.3% in the preceding week to 10.4%. The Atlantic Seaboard was the star performer, using but $.$>% less power than a year ago. Any increase in steel mills and automobile plants would narrow the gap still more...
...milestone last week was the I. C. C.'s approval, with modifications of the Big Four's own program. In its 1929 plan the I. C. C. had ordered a fifth East ern system to be composed of the Wabash, the Seaboard Air Line and a rag-tag-bobtail lot of small lines. Because no body advocated such a fifth trunk line, because both Wabash and Seaboard are in receivership, the I. C. C. dropped the idea and consented to a four-way division. The Seaboard was left to the South, the other lines were parcelled out among...