Word: solvents
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...though in the War boom it once paid $10 in one year including a $1 "Red Cross" special. Sales have dropped about 50% since 1929 when the company took in $15,600,000, kept $854,000 as profit. Deficits have since been the rule but the company is thoroughly solvent...
...Florida East Coast is in the hands of the courts, and since the last hurricane (TIME, Sept. 16) it has been seriously suggested that its over-water section beyond the Florida mainland would make a better motor road than a railroad.* But the Rogers' Virginian was so solvent last week that a banking group headed by Brown Harriman & Co. easily marketed a $10,000,000 issue of the road's 6% preferred stock at the thumping fat price of $112 per share...
...cash and government securities on hand at the end of 1929. It still had $27,000,000 at the end of 1934. It has paid common dividends in every year since 1918 and, though Depression dividends have exceeded earnings by $20,000,000, the company remains eminently solvent. Its low-priced LaFayette, brought out early in 1934, has accounted for about half the 1935 sales, which totaled 26,215 cars for the first nine months. Nash lost $1,625,000 in 1934 but 1935 sales show a 40% improvement and the company may end 1935 in the black...
...Manhattan last week Federal-Judge Alfred Conkling Coxe saved Paramount Pictures Inc. $2,000,000. For 29 months Paramount had struggled through receivership, bankruptcy and Section 77b reorganization proceedings. Last July it emerged as a free and solvent corporation. But receivers, trustees, committeemen, lawyers, experts, banks and others sent in a $3,239,828 bill for services and expenses. Paramount was the debtor, as the law provides that "a trust estate must bear the expenses of its administration." But Judge Coxe had the authority to deny or to reduce claims, since Section 77b provides: "The judge . . . may allow a reasonable...
...bean oil for paints, varnishes and soft soap, soy beans are crushed into flakes, treated with hydrocarbon solvent such as hexane or benzene. The oil and the solvent are filtered off. The solvent is recovered from the oil by distillation; from the mash by steaming under pressure. Last week's jury of scientists looked along this line of operations for vulnerable spots. They found that two 4,000-gal. tanks of hexane had not exploded. Neither had the two 50,000-gal. oil storage tanks, nor the stills, nor the pressure apparatus. The blast, in fact, seemed to have...