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...this year did not expect to repeat its 1928 achievements in the Solid South. Business failures for the last week in August (435) were at a nine months' low. The Federal Reserve Board, issuing its most optimistic weekly report in two years, showed an increase of $120,000.000 in net demand deposits. A Treasury loan of $1,160,000,000 (mostly for refunding) had been oversubscribed six times...

Author: /time Magazine | Title: REPUBLICANS: Dogged Doubt Removed | 9/19/1932 | See Source »

...fear" when the legislative committee began its investigation last year. "I shall meet every one of these [charges] on the facts," he boasted before going to Albany. But the day his testimony ended, he sent one of his attorneys scuttling off to court to prepare a legal life net to jump into...

Author: /time Magazine | Title: STATES & CITIES: Susanna At Albany (Cont'd) | 8/29/1932 | See Source »

...trade offered them, found the estimate to be around $70,000,000. Furthermore, the British were dissatisfied with the number of products placed on the free list. Finally, the Canadian Government admitted that it could not guarantee that consumers would purchase British goods even after they were given preference. Net result of the proposal was that a concrete offer had been made and the delegations now had something to dicker with...

Author: /time Magazine | Title: GREAT BRITAIN: Canada's Cards | 8/15/1932 | See Source »

Left. By Alexander Smith Cochran, sportsman, philanthropist, late president of Alexander Smith & Sons Carpet Co.; a net estate of $38,977,237. To Thomas Ewing Jr., a nephew, went approximately $20,000,000. Excluded from the will was Ganna Walska McCormick from whom he was divorced in 1922 (she received a $300,000 settlement...

Author: /time Magazine | Title: Milestones, Aug. 15, 1932 | 8/15/1932 | See Source »

...solemn directors of United States Steel Corp. pondered the worst quarterly earnings statements in the company's history. They finally decided to vote the regular preferred dividend, but in explaining the action to the Press Chairman Myron C. Taylor made it abundantly clear that "improvement in business and net earnings must in future determine dividend action on the preferred stock." Because a very similar statement had presaged omission of the common dividend, because Steel operations last week were but 16.5% of capacity whereas they must be 35% to 40% to earn the preferred dividend, Wall Street assumed that when...

Author: /time Magazine | Title: Business & Finance: Deals & Developments | 8/8/1932 | See Source »

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