Word: sold
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Dates: during 1930-1939
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FSCC's perky President Milo Perkins, in devising a substitute and trying it at Rochester, is well aware that it costs the U. S. twice as much for handouts. For "surplus" in Rochester means any & all brands of designated foods, stocked and sold by the grocer in the usual way, at prevailing prices, which the U. S. Government has to pay when it redeems blue stamps. If Milo Perkins' plan works well enough to be spread over the U. S., its advantages will be that it balances Relief diets, stimulates the food trade, moves more farm produce through...
American Airlines was born just ten years ago, when Wall Street suddenly decided that aviation was to be the next great industry. A dozen or so big underwriters formed Aviation Corp., sold $35,000,000 worth of stock and with the proceeds bought up some 80 aeronautical properties, including 9,100 miles of airlines. These were presently lumped into American Airways. As might have been expected, the conglomeration had an operating loss of $3,400,000 in 1930. Successive losses brought continued shake-ups in management until 1932, when Plunger Errett Lobban Cord got control after a spectacular proxy battle...
...more active market on the Big Board, for it may be obliged to issue more shares to improve its current weak cash position. Due to heavy purchases of new planes, its cash on hand is only about $1,030,000. Though it has still to pay a dividend, American sold last week at $25, within $1.25 of its 1939 high...
...desperately competitive and generally unprofitable mills. About the only check on production the industry knows is the capacity of its warehouses. As long ago as last October the warehouses held over 150,000,000 yards of print cloth, about three times as much 'as was sold that month. But the mills, as is their habit, kept operating at close to top speed, meanwhile losing up to ¼? on each yard they loomed. Cotton cloth output in March was 48% above the same month of 1938, while production of all U. S. indus-try was up only 24%. By last...
...friendly encouragement of well-wishers like American Telephone & Telegraph Co. and ex-King Alfonso of Spain, International Telephone & Telegraph Co. has installed nearly 1,000,000 telephones in ten countries. Assets on its books tot up to $537,000,000 and once in 1929 its common stock sold for $149.25 a share, 49 times earnings. Last week it sold for $6.75 a share, six times 1938 earnings, and in his annual report I. T. & T.'s amiable President Sosthenes Behn described the hardships of international capitalism...