Word: yorke
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Dates: during 1930-1939
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...bluffs of Lookout Mountain cut the county off from its own State, help keep its population at less than five to the square mile. When highway construction-last month closed the road to Chattanooga, township Mayor I. H. Wheeler quickly asked the Southern Railway to stop its crack New York-New Orleans limited at Trenton to supplement the sole, inconveniently-timed local. The 10:25 a. m. northerly limited would land Trentonians half an hour later in Chattanooga, give them opportunities for business and shopping, while the southerly limited would carry them home again around 5 o'clock...
Significant was the fact that the week's outstanding banking blast against Washington came from Rochester instead of from Boston. Apparently to avoid implicating the A. B. A., Banker Winthrop W. Aid-rich, chairman of New York's Chase National Bank, chose a luncheon meeting of the Rochester Chamber of Commerce as a rostrum for the most outspoken if not the most original attack upon the New Deal since the current market crash began. In a concise analysis of the situation which warmed the hearts of Wall Street, Banker Aldrich repeated and amplified the assertions made by President...
...account for the market's slide, businessmen have talked more & more of "a major business recession." Judged by steel production, which was off almost 40 points since the spring to 55% of capacity, and by the New York Times business index, which fell below 1936 for the first time this year, this view last week appeared well founded, but third-quarter earnings have been generally awaited as the ultimate index of current business...
...market standby, American Telephone & Telegraph reported that in the fiscal year ending Aug. 31 earnings were up from $165,400,000 to $195,500,000. Operating revenue for 92 Class i railroads in September was $296,700,000 compared to $295,000,000 last year. But New York Central's August net was off from...
...easily. It broke to the lowest lows since 1935, then continued dizzily downward driving Dow-Jones industrial averages some ten points lower to 125. U. .S. Steel led the way, going to a new bottom of $61.50-less than half of the year's high ($126.50). New York Central fell to $17.50, lower even than in 1932 when Delaware & Hudson's shrewd President, Leonor F. Loree, thought it a great bargain and bought his road 495,000 shares in the open market at $22.36. Watching the market ski swiftly on, speculators, whether skiers or not, last week wondered...