Word: unloading
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Dates: during 1940-1949
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...Labor government began last week to meet the challenge, ordered soldiers & sailors to assist some 5,000 non-strikers to unload the ships. But the strikers were not giving up just yet. The shutdown spread to Liverpool and Birkenhead. This week, at the request of Attlee's government, King George VI declared a state of national emergency...
...over Los Angeles as the West's No. i seaport, last week pulled a small coup. It became the third U.S. port to establish a "free trade zone" (the others: New York and New Orleans). In the zone, next to picturesque Fisherman's Wharf, foreign shippers may unload, transship, sort, grade and indefinitely store their merchandise without putting up bonds or going through other costly red tape. Only such goods as are brought into the U.S. are dutiable. The zone will be surrounded by stout wire, and patrolled, to prevent smuggling. Los Angeles fears the zone will lure...
...most of it had not been sold to the public; the underwriters had been stuck with it. As they had agreed to pay K-F $11.50 a share and offer it to the public at $13-and the stock was selling below the offering price-they could not unload it on the public without risking a loss. If the stock dropped lower, the underwriters stood to lose plenty. So Otis & Co. flabbergasted Wall Street by calling the whole deal off. No one could remember when an underwriter had ever done so before when a "firm commitment" had been made...
Unlucky Henry. Kaiser-Frazer had paid through the nose for that stock-buying job. Wall Street gossiped that many of those with inside information had taken advantage of the "stabilizing" to unload their holdings at the higher price. After K-F stopped buying, the stock started down. At $11, K-F had already lost over $460,000 on its stock. K-F had suffered another blow. It had tied up a good chunk of its ready cash in stock. With all the hue & cry over the stock, chances looked slim that K-F would soon be able to find...
...National Steel Corp.'s Ernest T. Weir. Weir promised to send steel. From his Great Lakes Steel Corp. in Detroit, Weir also sent Quonset-type buildings. The Pennsylvania Railroad helped out by giving priorities to Reese's materials and stopping through trains at Scio just to unload them. When he ran short of cash, five New York chain stores, which had sold millions of pieces of Reese-made china, lent him $10,000 apiece. They told him he could take ten years to pay it back in cups and saucers...