Word: surpluses
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Dates: during 1920-1929
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Grape Juice. United Grape Products Inc. is the name of the corporation formed under Delaware laws last week to take over the properties of seven grape juice and grape products plants in New York, Ohio and Michigan, to buy the complete output of three other factories and the surplus production of a fourth. Their combined production will be more than 1,000,000 cases of grape juice yearly...
...Price fixing and subsidy will both increase the surplus instead of diminishing it. Putting the Government directly into business is merely a combination of subsidy and price fixing aggravated by political pressure. These expedients would lead logically to telling the farmer by law what and how much he should plant and where he should plant it, and what and how much he should sell and where he should sell it. The most effective means of dealing with surplus crops is to reduce the surplus acreage...
...must have a little steel down the back of the House conferees and maintain the bill we finally pass. ... I haven't the slightest fear but that reductions can go between $300,000,000 and $350,000,000 and still have a surplus...
Banks. Stockholders of the Chase National Bank voted to absorb the Mutual Bank in Manhattan. Mutual stockholders had already agreed. The transaction gives Chase National and its affiliated Chase Securities Corp. capital, surplus & undivided profits of more than $134,000,000. The Mutual bank office becomes Chase's 21st branch in New York City. (Chase also has three foreign branches...
Less momentous were last week's negotiations for the Seaboard National Bank to absorb the New Netherlands Bank in Manhattan. Seaboard, which does a large domestic and foreign business, has been rapidly expanding. Recently it raised its capital from $6,000,000 to $8,000,000. Its surplus and undivided profits are $12,000,000. New Netherlands will bring $600,000 additional to its capital...