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...altering NRA policies; 2) changing NRA from a melodrama starring Hugh S. Johnson to a businesslike administration of recovery measures. Last week it was learned that the President had. as a reward of merit, raised the salary of the General from $6,800 to $15,000???equal to that of the Vice President, the Speaker, members of the Cabinet...
...crowd into Hearn's to buy wool overcoats at $10, dresses at $2.99, neckties at 39¢. But in two years President Levin has run up Hearn's sales from $5,000,000 to $10,000,000. Last week he confidently predicted that for 1934 they would be $15,000,000???nearly a fifth of the gross sales of Macy's, biggest U. S. department store...
...provided with a safe way of turning an honest penny. It was to their advantage to lend freely the idle funds of which they have a plethora. The Government is prepared to foot the bill for losses up to a total of $200,000,000???the maximum possible loss on $1,000,000,000 of modernization...
...profitless prosperity was furnished by General Motors' quarterly report, published last week. GM sold 130,000 more autos than in 1933's second quarter and a correspondingly larger number of refrigerators, Diesel engines, spark plugs, vacuum cleaners. Translated into dollars, its three-month sales jumped to $303,000,000???an increase of no less than $100,000,000. Yet wages and the cost of materials jumped even faster. So GM did its additional $100,000,000 of business without a nickel's profit. Indeed its three-month profit of $40,000,000 was actually $1,000,000 less than...
...reduced to around 120,000,000 bu.?a normal carryover for the first time in seven years. Canada's surplus from last year is 200,000,000 bu., France's 100,000,000, Australia's 85,000,000, Germany's 24,000,000, Argentina's 100,000,000???a grand total of more than 700,000,000 bu. About 400,000,000 bu. of that carryover will be needed this year to make up for crop deficiency, leaving 300,000,000 bu. as the world's total surplus of unconsumed wheat...