Word: prices
(lookup in dictionary)
(lookup stats)
Dates: during 1940-1940
Sort By: most recent first
(reverse)
...year's end, interest-paying New York Central 4½s sold at 58. That meant a yield of 8% to anyone willing to buy those bonds-a sky-high yield for 1940, even before taxes. Their price discounted every economic horror imaginable, including a peace depression which might put roads like the Central into receivership. If the war and defense lasted, the bonds were safe from everything but inflation. What they were worth depended on your view of the future. The price of Central 4½s was Business' prevision. Since Business no longer controlled the future...
Suddenly everything changed. First Finland, then the rest of Scandinavia was blocked off. The price of unbleached sulfite pulp in the U. S. jumped $6.60 a ton. Two months later, with Holland, Belgium and France gone, and Italy in, the U. S. had lost an export market (including Scandinavia) amounting to $568,000,000 in 1939. The stockmarket broke 35 points from May 1 to June 15, lay paralyzed with fear. But the U. S. swung into the greatest production boom in its history...
...time the Great Lakes opened for ore traffic last March, steelmen had made their forecast of the year's demand by letting the price of ore crack (the cracker: Henry Ford) for the first time in steel history. A month later, they dropped the price of steel by $4 a ton too. Their hope was to stay above their break-even point of 55% of capacity. By November they were not only at 96% of capacity, but confronted by an unfamiliar shortage in their coke and ore supplies. They even found themselves accused of not having capacity enough...
Robert Joseph Boltz was born into the world with an asset beyond price-an old Germantown family name. Conservative, religious, ultra-scrupulous in business matters, Philadelphia's Germantown families yield nothing to Boston's Brahmins. Among them the highest recommendation is the simple phrase "He comes from a fine family." Robert Boltz...
...Sculpture by Anna Sten (Nana) and Vincent Price (Victoria Regina...