Word: slump
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Dates: during 1930-1939
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...proprietor of most of the railroads in the land. In his campaign speech at Salt Lake City last year Franklin Roosevelt put the carriers on notice that they could not look for an unlimited flow of credit from his Administration. He was ready to help them through the slump but they, in turn, must accept more drastic Federal supervision...
Nothing in the bill prevented employers from slashing wages to compensate for the new workers which the Senate was trying to force them to hire. The measure's critics loudly pointed out this defect, predicted a dire slump in already deflated wages or else a sharp jump in manufacturing sales prices. For the Black Bill to be completely effective nothing less drastic than a minimum wage provision was required and this the Senate did not yet dare to vote...
Biggest deficit in last week's flock of reports was Chrysler Corp.'s $11,254,000, comparing with a small profit in 1931. Directors promptly passed the dividend. Sears, Roebuck & Co.'s deficit of $2,544,000-first since the 1921 slump-was caused by losses in its retail stores, Encyclopaedia Britannica, and the home construction division. Last year Sears made $12,170,000. International Harvester, hard hit by dwindling farm income, reported a $7,583,000 deficit. American Water Works & Electric's profits dropped from...
...bank's reasoning: for six years following the 1921 collapse the price of sugar had averaged 5? a pound. Even at 2½? General Sugar Corp. would show a profit. There seemed not the faintest possibility that the price would slump to ½? in 1932. Though National City Co. has written down its investment to $1, it still owns the stock, still has a chance to recoup...
...shares at $27 a share, about the market price. It was the lowest offer ever made. Highest was $169 a share in 1930. Steel's workers are permitted to cancel their subscription with a refund of all paid up instalments plus 5% interest, thus protecting them against a slump in price. But to discourage this Steel has always in effect guaranteed dividends through payment of "special benefits" for a period of five years after the offer. "Special benefits" on this year's offer are $2 a share for the first two years, $3 a share for the last...