Word: yielded
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Dates: during 1940-1940
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...make the Haj. Last November India's Moslems sizzled when the Marquess of Linlithgow, India's Viceroy, announced that because every ship was needed for World War II, Hajis would have to wait for peace to make their pilgrimage. When the clamor continued, the Viceroy had to yield. This year Britain had learned her lesson. With the Axis driving for the Near East, British solicitude for India's Hajis seemed likely to last for the duration...
...makeup: 100,000 bales of cotton (U. S. annual output 12,000,000 bales); 500,000 bushels of wheat (current production 792,332,000 bushels, surplus 250,000,000); 700,000 bushels of soybeans (81,541,000 bushels grown this year); 500,000 bushels of corn (ten-year average yield 2,299,342,000 bushels); lesser amounts of hides, lard, glue, pine pitch, sugar-cane alcohol and flax. Imported materials would be cork, rubber, tung oil and ramie, Egyptian mummy-wrapping fibre. Best of all, wheat, corn and soybeans are interchangeable. Ford can use all three, or only...
...funny stories. Today he seldom jokes, needs tact and a knowledge of bonds rather than nerve. Fortnight ago, the U. S. bond salesman of 1940 had a chance to prove his skill. The job: to sell $108,000,000 of Southern California Edison 3% bonds at 104 to yield 2.78%-a lower yield even than most top-flight municipal bonds...
Biggest single utility issue since 1937, "Economy Harry's" 35 were a tough assignment for underwriters. No sooner had they taken it than it got tougher: the "Big Five" insurance companies (Metropolitan, Prudential, New York Life, Equitable, Mutual Life), who had wanted a 3% yield, boycotted the issue. Hence, instead of selling one-third or half the issue with five phone calls, underwriters had to sell to hundreds of small insurance companies, thousands of banks and private investors...
Normal Tax Upped. The bill is expected to yield the Treasury an extra $400,000,000 to $500,000,000 this year. Most of this, however, will probably not come out of "excess profits," but normal corporate earnings, on which (for all incomes above $25,000) the normal income tax is upped from...