Word: surpluses
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Dates: during 1920-1929
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...profit of over $88,000,000. For last week in one day Nash stock jumped 52 points to 517-and then the news came out. President C. W. Nash announced a 900% stock dividend. He also stated that the company in nine years of life had accumulated an undivided surplus of $25,000,000; that its last year's net profits were $16,256,216; that there was over $24,000,000 of cash, after setting aside nearly $9,000,000 for the further retirement of preferred stock. All of this was, in more than one respect, an automobile...
...declared himself in favor of a corporation to take care of the farm surplus. The importance of his position lies in the fact that he is leader of the farm bloc in the Senate. The Senate with its loose organization is a much better field of operation for the farm bloc than is the House. Whatever legislation the junior Senator from Kansas espouses is likely not only to have the firm support of the farmer, but to have a good chance of enactment provided the Presidential veto does not intervene. At any rate as leader of the Senate farm bloc...
...December, 1921, the mail order house of Sears, Roebuck & Co., that proud, old firm "founded on a fair profit, a fine organization and the faith of the customer," was in a bad, bad way. The post-War depression and readjustment had nibbled away at inventories and surplus so that earlier that year dividends on common stock had to be suspended. It seemed to President Julius Rosenwald and his associates that, to balance on the year, they would have to write off inventories hugely, pass dividends and even levy on holders of common stock some fraction of their stocks. Now these...
...fixing.or its equivalent?some sort of export device to get rid of the farm surplus?the proposal of the farm bloc. They argue that prices are low because all the farm produce in which there is a surplus is sold at European prices. They say let a barrier be put up to maintain a high price in the domestic market, and take a loss if necessary on the surplus sold abroad. To this the Administration answers: If the farmers profit on their product, they will produce more; the surplus will grow larger until the loss on the surplus will...
...about direct restriction of farm production?to get rid of the problem of the surplus by getting rid of the surplus. There are practical difficulties in the way of such procedure, although they might perhaps be overcome. It might lead to foreign ill-will and would look a bit inconsistent in the face of U. S. protest against British restriction on rubber production (TIME, Jan. 4). This third avenue is apparently not being forcibly suggested by any group, although the Department of Agriculture hinted at it in a report on 1924 crops last week...