Word: rails
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Dates: during 1930-1939
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Good shot: a sailor in the battle scene with his neck pinned between the ship's rail and a grappling hook...
...plus a fee of 1% for all bonds not taken by present Great Northern security holders, the bankers would gladly underwrite the issue, thus assuring Mr. Kenney that he would have the money to pay off his maturing bonds on the dot. Considering the state of rail securities, the size of the issue and Great Northern's three-year deficit, the terms did not appear onerous-except to RFChairman Jesse Jones. Mr. Jones noted that on a when-issued basis the proposed bonds were already selling 8% above par. Evidently the public put a higher value on Great Northern...
...Cleveland's famed bachelor brothers of railroading; of heart disease; in Cleveland. Because of his illness he did not accompany his brother Oris Paxton Van Sweringen to the public auction in Manhattan last September where, with fresh backing, they regained control of their $3,000,000,000 rail and real estate empire for $3,121,300 (TIME...
...commodity roads are supposed to be especially vulnerable, but in the last five years the Southern bituminous carriers have been the brightest stars in the dark railroad sky. Norfolk & Western is the highest-priced active rail on the New York stock exchange, pays $8 in dividends exclusive of extras, sells at $215 per share. Chesapeake & Ohio not only maintained its boomtime rate throughout Depression, but boosted it. Virginian skipped common payment for a while (though it is now on a $4 basis), quickly made up its one lapse on the preferred. And it never failed to cover interest charges...
...depositors of Manhattan's Harriman National Bank & Trust Co. Some 9,400 depositors got $1,636,000. Last week's dividend brought total payments of claims up to 76%. ¶ Union Pacific Railroad placed a $4,000,000 order for 70,000 tons of steel rails, 30,000 tons of steel rail accessories. It also announced a $4,000,000 car repairing program, planned to rebuild 2,447 boxcars, 751 automobile cars. ¶ Sales of Montgomery Ward set all-time records. Ward's October sales were better even than sales of December 1929, previous all-time high...