Word: ago
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Dates: during 1940-1949
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...have, management has gone in and given [workers] the low-down facts on the business ... I think they are entitled to know. I know that if I were back at the bench working I would want to know a darned sight more than I was told. Forty-five years ago, they told me nothing...
...ball while winning New England's golf championship in 1930. Since 1931, when Maine's Sanford Mills and Goodall Worsted Co. first decided to make Palm Beach suits as well as Palm Beach cloth, Ward has been running their suitmaking subsidiary, the Goodall Co. Five years ago he consolidated his position by buying control of the mills and merging them into a new parent company, Goodall-Sanford Inc., with himself as president...
Ward knew that the wartime textile boom would not last forever. Three years ago he set his research chief, Everett Nutter, to developing a new cloth to meet the hot competition of rayons and tropical worsteds. The shakedown in the textile industry came before Nutter's new fabric was ready. In the first three quarters of Goodall-Sanford's last fiscal year, the company's profits fell 51%; Ward quickly decided on his price-cut to clear out stocks for his new fabric...
...officers until winter, but nobody doubted that the president would be Jim Day, the man who had first suggested the merger. What had prompted his move was the fact that business on the Chicago Exchange had become flabby; a 30,000-share day looked big, although a dozen years ago 100,000-share days were not unusual. Jim Day reasoned that if the big brokerage houses could get business by having direct connections to their branch offices in scores of cities, stock exchanges in Midwest cities could do the same...
Died. Robert ("Bobby") Walthour Sr., 71, Georgia-born bicyclist who retired 20 years ago after breaking his collarbone for the 29th time, simultaneously held the U.S. and European speed records (in 1903 he pedaled a mile in 1 min. 7 sec.); of pneumonia; in Boston...