48 FRIDAYFebruary 17 [Weather marked as clear] What Moline needs these days is a pay roll. Unemployment with the additionof bank troubles makes a very bad situation. The Moline National is running & open but none of the other banks on this side of this river are. [Article attached: Manufacturers' Losses Statement of the Allis-Chalmers Mfg. Co., for 1932 shows a loss of $2,955,043 for the company and its subsidiaries. This com- pares with a profit of $1,256,431 in the pre- ceding year. At the end of 1932 current assets were $28,586,548 and current liabili- ties $3,355,122. The former included $3, 009,509 cash and $2,158,511 in marketable securities at market value. Report of the Oliver Farm Equipment Co. for 1932 shows a net loss of $4,164,975. Net sales were $4,450,833, compared with $15,610,266 in 1931. Current assets were $22,685,770 and current liabilities $10,416, 182. Bank loans were reduced $3,130,000 during the year.] SEE PREVIOUS PAGE

Creator

• Brown, Theophilus

Language

• English

Identifier

• MS02.01.15.052
• 1933_1_052

Keyword

• diary

Year

• 1933

Date created

• 1933-02-17

Related url

•  https://digital.wpi.edu/show/79408164d

Resource type

• Image

Source

• MS02.01.15.052.052

Last modified

• 2023-08-28