Word: put
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Dates: during 1940-1940
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Editor Eggleston got his friend Douglas Stewart, a New Deal-hating, Wall Street economist, to put some money into Scribner's Commentator. Last March they began reorganizing it. Out went Editor Francis Rufus Bellamy, Managing Editor Fred Hamlin, other editorial associates who were unsympathetic to their new policies. So far they have not only the satisfaction of promoting isolationism, but they claim it pays-that it has doubled Commentator's circulation, reduced operating losses very comfortably...
...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, its view was glum...
...mover-capital-goods expansion-agitated the indexes again. The steel rate soared from 60% of capacity (April) to 92% in September. At 11:30 p.m., on Dec. 9, steelworkers finishing the second shift also finished an era. They cast the years 60,835,000th ton of ingots, and thereby put 1940 ahead of the previous peak steel year of 1929. The FRB production index, its base broadened by FRB statisticians in August, touched its all-time high two months later, kept on going up. Confidence was not an issue; the only issue was production, and that fast...
...integrating the U. S. with Latin America; 2) being President in 1944. If businessmen were unlucky to have the avowed New Dealers as enemies, they were not much luckier to have the New Deal's Schacht as a friend. He saved Business from the courts in order to put it to work for the Government. He helped make the Revolution respectable-more like evolution than it might have been...
...obvious mess. This month little Republic Aviation laid off 50 men because it could not get parts. Deliveries for the year were about $625,000,000; are now running around $55,000,000 a month. At that rate, it would take the industry over five years to put its $3,500,000,000 backlog...