Word: ups
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Dates: during 1930-1939
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* Discretionary with directors, the plan gives employes up to 12½% of earnings available for common stock dividends after deducting 8 % of the stock's average book value.
To their stockholders the two firms proposed that they would merge. Reason: to make their cooperative enterprise permanent, remove any possibility of a bust-up. The deal: 1) Melville to acquire all of McElwain's outstanding 16,966 7% preferred and 104,726 common shares; 2) Melville stockholders to...
Shortly after it was formed, Canadian Associated got from the Air Ministry a $10,000,000 educational order for two-motored Handley Page Hampden bombers. Before the war started, Canadian Associated, foreseeing business ahead, began constructing two assembly plants, in Toronto and Montreal. Last week, while fuselages, wings and landing...
A neat anomaly was to be found last week in the statistics of 1939's war boom. In October the Federal Reserve production index reached 120, past its 1937 peak of 118. Yet October employment (up 1,250,000 from 1938, according to Madam Secretary Perkins) was down by...
In part this contrast may be due to screwy statistics (the production index is heavily weighted by certain industries), but in large part it represents technological improvements. For if improved machinery increases output per man, it is perfectly possible to have bigger production and bigger unemployment at the same time...