Word: trucks
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Dates: during 1930-1939
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...Metairie with a photographer went Meigs Frost. They crawled through weeds and bushes on a neighboring lot, snapped pictures of a university truck delivering millwork. The house was for a close friend of Governor Richard Webster Leche. Two days later, after poring over deeds and checking facts, the States broke Reporter Frost's front-page story. Next day the Times-Picayune followed suit. Fortnight later, Governor Leche resigned, and his Lieutenant Governor, Huey's brother Earl Long, took his place...
...Corp. has lost money every year. That year Henry Ford changed over from Model T to Model A, and Martin-Parry, with a big stock of T-style bodies and parts, took an inventory loss of at least $1,000,000. Meanwhile other manufacturers took to making their own truck bodies. In 1930 General Motors bought up the Martin-Parry bodyworks for something like $900,000. By 1932 Martin-Parry sales were only $29,141, and on the $29,141 the company managed to lose...
Meantime, October railroad carloadings were up 18.7% over last year. This was not surprising. For 15 years, whether traffic is good or bad, trucks have tended to do a little better than railroads. In 1925, when anybody with enough spare cash for a second-hand truck could go into the trucking business, trucks carried less than 2% of all U. S. freight. The rest was taken care of by the railroads (76%), waterways (17%), pipe lines (5%). By 1937 trucks were up to 5%, railroads down to 66%, and the process apparently still goes...
...insiders' stock trading showed that one of General Motors' unbeatable Fisher Brothers, Lawrence P., sold no less than 11,000 shares of G. M. in September, when the market was higher than it has been since. From G. M. itself also came a note of caution: Yellow Truck, its almost wholly owned subsidiary, has enough business to carry it through June 1940, had been set to pay off its $14-a-share preferred dividend arrearage. Instead, the G. M. management drew in its horns, paid only half...
...Poulter is a scientific director, whelped by the Pullman works and christened Penguin I, it bumbled through the streets on a test run, got stuck under a viaduct. Extricated, it waddled off two days later for Boston at a speed of 10 m.p.h., sometimes less, paused to nose a truck in Columbia City, Ind., slithered off the highway into Mrs. Cleo Watkin's cow pasture near Gomer, Ohio, and came to rest with its nose in a drainage ditch (TIME...