Word: grade
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...Chinese provincial troops toward the Japanese and prevent those who wished to escape from escaping. After the Japanese occupied Shanghai they found many dead Chinese machine gunners handcuffed to their guns. (The Chinese explanation: "They handcuffed themselves.") Neutral correspondents estimate at about 175,000 the number of Chinese second grade troops killed at Shanghai, have reported that although some few of the Generalissimo's best troops saw action and gave a good account of themselves the bulk of them withdrew to Canton, thence to Hankow and last week to the West...
Year ago New York State Superintendent of Insurance Louis H. Pink started hearings on the matter, suggested a sliding interest scale based upon highest grade industrial bond yields plus 1% for expenses. The insurance companies at first opposed any reduction at all, insisting that it would increase the cost of all insurance by forcing investment in short-term securities and reducing interest earnings, would decrease dividends to policyholders (non-borrowers as well as borrowers), would encourage borrowing for speculation during prosperity, and during depression would tend to cause a run on life insurance companies...
...wrote Roaring Guns when he was eight, sitting in the breakfast room of the Statler home at Memphis, Tenn. and printing out the story-illustrating it himself-in a five-cent composition book. Son of the Memphis manager of the Continental Can Co., David is now in the sixth grade, plays tennis, wants a typewriter, and leans heavily on Ritta, the Statler cook, for literary criticism and guidance. Working on his first novel, Author Statler sought inspiration between chapters in a way open to very few novelists: rushing out, side, playing cowboys and Indians with his younger brother...
...paper appears to be of an inferior grade, the type is not as easy on the eyes...
This year, as usual, the tarnished Nickel Plate cannot make the grade. In first seven months it lost $2,003,779, contrasted with its $1,510,936 seven-month profit last year. Hence, last summer it asked the noteholders to wait until 1941, added that it would need almost a 100% affirmative reply for this third extension...