Word: though
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Dates: during 1930-1939
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...along well enough for SEC to announce progress toward "a harmonious relationship." Few days later, Chairman Douglas published a statement in The Annalist offering SEC's help in whatever utility recapitalizations may soon be necessary to release $432,000,000 in accumulated unpaid preferred dividends. Finally, though the Senate took Franklin Roosevelt's advice and voted down the suggestion that PWA be prohibited from further building of power plants in competition with private industry, Senator Alben Barkley specifically promised that the "President does not contemplate" any further such competition "unless and until such municipality as may apply...
...court skirmish with the aluminum company; hardly had he moved to Washington when the Government accused old Andrew Mellon of tax evasion, his chief company of monopoly. Because his. R. B. Mellon's and Chairman Davis' families own 51% of Alcoa's stock, Andrew Mellon, though dead now, was listed as a defendant last week. Actual suit in this anti-trust case was brought by Homer Cummings more than a year ago (TIME, May 3, 1937). Alcoa fought it with an injunction by a Pittsburgh judge on the ground that the monopoly accusation had been settled...
...Though prices rallied slightly by week's end, they remained well below the 9? figure at which Commodity Credit Corp. bought surplus cotton last year. Organized in 1933 "to insure the orderly marketing" of cotton and other products-in short, to peg prices-Commodity Credit was once regarded as one of the New Deal's few self-sustaining agencies. But despite its auspicious start in 1933-34, its successful $200,000,000 issue of Government-guaranteed 3/4% notes last month, the agency has lately run into difficulties.* Recently it announced a $51,000,000 loss on 12? cotton...
Another international banker is James Speyer, who has as broad a German accent as though he had just arrived from Frankfurt-am-Main, where Speyers have been bankers since the 18th Century. Actually he was born in Manhattan. His interest in Manhattan history is institutionalized in the Museum of the City of New York, to which he gave $450,000. John D. Rockefeller Jr. gave the same. Persistent at the time was a story that Mr. Rockefeller wanted to give more but Mr. Speyer preferred that no gift be bigger than his. Speyer & Co. rarely has taken part...
...sign that Recovery II might be just around the corner: Housing, white hope of 1938. at long last seemed to be bestirring itself. In May, home building east of the Rockies, as shown last week by the F. W. Dodge reports, topped both April and March levels. Though this could logically be laid to the weather, it was noteworthy that engineering contracts of $45,250,000 were 27% above the same week of 1937, shoving the 1938 total to date 7% ahead of last year...