Word: yorke
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Dates: during 1930-1939
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...much of a mystery as the scare last April were last week's gold-cut rumors. According to the New York World-Telegram the report originated inadvertently with a big Manhattan bank, which had bought $5,000,000 in gold to resell at a profit to the Treasury. Feeling that the price of sterling was high, the bank borrowed instead of buying the exchange with which to pay for the London gold. Meanwhile sterling went up, not down, and having been caught short, the bank hastily covered by dumping the gold. The fact that a U. S. bank...
...scarehead: THIS is THE STORY THE RADIO KEPT FROM You. Below the condensed versions of undelivered speeches were the signatures not only of the principal chains but also of the Chester County Dairymen's Co-Operative Association, the Lehigh Valley Co-Operative Farmers' Association and the South York County Dairymen's Association...
...successful steam idea was ridiculed even more than the coal dream, which came to naught. Mr. Andrews burned to death in a fire that leveled his Fifth Avenue mansion in 1899, but the little steam company whose gross revenues the first year were some $200,000 grew into New York Steam Corp., world's biggest central heating concern with assets of $61,000,000 and annual revenues of more than...
...York Steam has had more than its share of financial troubles, including a receivership in 1918. After the subsequent reorganization the company boomed, profits rising to a record $2,000,000 in 1931. Since then its revenues have been relatively stable but its costs have soared, chiefly due to higher taxes-up from $867,000 to $1,400,000 in the last five years. Last week New York Steam suddenly passed dividends on its preferred stocks. The 7% issue broke 19 points on the news while the 6% issue, which had been around $100, sold...
Though New York Steam appeared to be condensing at an alarming rate, there was little reason for a preferred stockholder to dump his shares. At one time control of New York Steam rested with the Andrews Institute for Girls in Willoughby, Ohio, the executors of Founder Andrews' estate having paid a bequest in Steam stock. Eventually huge Consolidated Edison of New York bought control, now owns 96% of the common stock. Consolidated plans to merge Steam with the rest of its utility business, has asked the New York State public utility commission to approve an exchange offer by which...