Word: weekes
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Dates: during 1930-1939
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...Last week things got out of hand in his office. Two more corporate safes were on their way to him. Busy rearranging his office to squeeze them in, he was thinking of moving to new quarters. The newcomers: big United Shoe Machinery Corp. (assets: $124,468,000), formerly of Paterson, and Montana Power Co. (assets: $152,093,000), formerly of Newark. What their arrival would do to the dwindling property tax rate (now 81?; town 8?) Flemingtonians could only guess. Maybe the town tax would melt away altogether. Busily turning their new-found tax savings into fresh coats of paint...
...Washington last week the Federal Reserve Board estimated October production at 120 (1923-25 equals 100), up 18 points from August, nine points from September, 24 points from last October. In Manhattan the National City Bank compiled its quarterly summary of the earnings of 320 leading corporations: for July-August-September 1939, $201,000,000, against $104,000,000 a year earlier...
...bank's Letter, whose monthly summaries of business trends bring statistical kudos to a young Economist-Vice President, 45-year-old George Bassett Roberts, tall, owlish professorial son of the bank's economist-emeritus, 82-yeaR-old George Evan Roberts. In the same Letter last week Economist Roberts also published the nine-month earnings figures of his selected 320 corporations-a far better gauge than last quarter reports of how much real prosperity, ex-war-boom, U. S. business has achieved. By industrial groups these nine month earnings showed...
...Nowhere into the here came Big Steel (which Economist Roberts rates as an industrial group by itself) converting a $12,000,000 deficit to a $12,000,000 profit. Steel's third quarter report last week showed its Cinderella common stock back in the black to the tune of $10,420,445-47? a common share, and showed $5.16 operating profit per ton shipped; it is operating at close to 90%. Even more spectacular was the record of Bethlehem Steel, which makes money at a lower rate of operations than its big brother, which is now operating at full...
...last week Arthur Curtiss James, now 72, had turned another corner. The biggest railroad owner announced that he no longer felt able to handle the duties of Western Pacific's Board Chairmanship, that at year's end he would vacate...