Word: year
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Dates: during 1940-1940
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...threading the narrowing gap between capacity and Defense production, none footed it so featly as the automakers. As soon as the President called for 50,000 planes, people figured Detroit would make few cars that year. But before anyone could say whether or not Detroit should have the necessary tools, its retooling was already under...
Stock traders divide their December attention between the year-end dividend crop and their March 15 income-tax returns. Last week sales for tax purposes weighed heavily on the New York Stock Exchange, helped depress it still further...
...before the May collapse. To deduct them from his 1940 taxable income, he had to sell the shares, turn his paper losses into real ones. He then could deduct his short-term losses (on securities held less than 18 months) from short-term profits taken on other transactions this year, carry any net loss over to deduct from next year's short-term profits. On long-term transactions (securities held more than 18 months) he could claim only half to two-thirds of the loss, but could apply it against income of any kind...
...shares of New York, New Haven & Hartford was sold for $1,875 (6¼? a share), or $675 less than the seller (possibly Pennroad Corp.) had to pay in commissions and transfer taxes. Corn Products Refining Corp., which pays a $3 dividend and sold as high as $65.12 this year, went at a bargain near its eight-year...
...weary veteran of U. S. railroading is the bankrupt, 108-year-old Erie. In her gilded years she fell in with bad company-flamboyant Jim Fisk, piratical Jay Gould, pious Daniel Drew. Together they manipulated her back and forth from bonanza to bankruptcy, got her known as the "Scarlet Lady of Wall Street." Exhausted, the Erie had collapsed three times by 1895. Then she reformed. Under Van Sweringen control, she became a respectably operated road. But her capital structure never really recovered from Jay Gould's attentions, and she never again paid a dividend on the common...