Word: sharing
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Dates: during 1930-1939
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...Take WPA, for example. Jimmy Byrnes has ideas about that. Last week he politely shelved his bill to put WPA into a Department of Public Works (TIME, Jan. 23) but he did not shelve his idea, in which many another friend of Economy concurs, of making the States & cities share the cost of Relief, and cutting down on white-collar projects...
...Steel has run at lower percent of capacity than the independents, has faced bitter price competition in the profitable (to others) Detroit steel market, has had much of its capacity in Pittsburgh and Chicago idle because of stagnant demand for capital goods. Last quarter it made only 18? a share on its preferred stock, grimly paid holders the $1.75 coming to them: the difference, $5,644,368 (nearly half the size of Chrysler's profit for the quarter), came out of a generation of accumulated fat. This followed a $32,937,131 drain in 1938, caused by a loss...
...Sharing Big Steel's worries, in a more modest way, is the industry's No. 4 unit-Jones & Laughlin, also frozen up in Pittsburgh, also led in the Detroit flat-steel market by National Steel and others. Owing preferred stockholders $36.75 a share of back dividends, J. & L. is certainly no happier than Big Steel...
...present time Coach Floyd Stahl's baseball warriors are perched in first place in the Eastern Intercollegiate Baseball League. They are carrying off with them a lion's share of the individual and team honors in the circuit...
Champion jinx in French shipping, which has had more than its share of bad luck and inept seamanship, has roosted on the red-and-black funnels of the 34,569-ton luxury liner Paris. Since her launching in 1921, she has run aground in New York harbor, broken her back on Eddystone Rocks off the English coast, rammed a Norwegian freighter, twice been damaged by mysterious fires...