Word: railways
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...long campaigned for open competitive bidding for securities in the railroad and utility fields, in place of the traditional, privately negotiated deals. Last week the syndicate headed by Halsey, Stuart plunked down the winning bid for the largest issue of railroad securities ever offered by competitive bidding-Great Northern Railway's $100,000,000 in refunding bonds (TIME, Sept...
...beer or lemonade and watch the retreat-tattered, dusty men, walking, piled on horse-drawn carts, or riding bicycles which were sometimes without tires. Madly the Germans tried to exchange rum, margarine and other rations for civilian clothes. Fascist Rexists had waited three days at the railway station for a train that never came, then slunk off to hide as best they could. Said a German officer: "We do not like traitors; we merely use them...
...hesitation was over. The enemy had completed the road south from Changsha to Hengyang; he had made progress in restoring the railway to service, and he had cleared the Siang River of mines. Major General Chennault's airmen had flown their hearts out, bombing and strafing, but to little avail. The Japanese had at least seven well armed, well clad, well supplied divisions in the field. The Chinese had lost most of their artillery at Changsha. They still had foot soldiers galore...
...expand to take care of Hellcat production, Swirbul pulled a mess of blue prints from his desk, said: "We are." When the officer said he would rush priorities for steel, Swirbul said: "I've got steel." And he had it, from Manhattan's razed Second Avenue elevated railway. But Grumman was still crowded for space. Wildcat and Avenger production was moved into General Motors' Eastern air craft division at Linden, N.J. The pattern which, in effect, made Grumman main purveyor to the Navy had been set. Now all the fighters and torpedo planes on most Navy carriers...
...mailbag was eagerly emptied by partners and officers of the principal underwriting houses in New York and Chicago last week. Each firm was expecting a letter from Frank J. Gavin, president of the Great Northern Railway. Most of Railroader Gavin's letters are notably brief, but this one was to be a little longer than usual. It was an invitation for competitive bids on $100 million 3½% refunding bonds of the Great Northern-the largest issue of topflight railroad bonds to come to market since 1900. The sale must be completed...