Word: chairman
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Dates: during 1940-1949
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...Republican Convention all over again-the same faces, the same factions-only this time the forces of Thomas E. Dewey, so cockily in control at Philadelphia, were in retreat. One hundred and two Republican national committeemen had gathered in Washington's Shoreham Hotel to choose a new party chairman...
...unraveling in textiles and some other nondurable goods. June installment buying hit an alltime record of $9.1 billion. And despite the increase in unemployment, the rate of personal income was still running above 1948. Some businessmen began to feel almost as cheerful as General Mills's Chairman Harry A. Bullis, who said last week: "We are on our way towards a soundly priced American prosperity that can be sustained...
...Gussing for weeks as its production rate sagged and its backlog of orders thinned, first-half earnings for many companies were the best in history. U.S. Steel's $94 million net was up 76%, Bethlehem's $59.9 million a shade less than 100%. But Bethlehem's Chairman Eugene G. Grace, who first warned against slackening steel demand six months ago, now said: "We have been living on our accumulated fat ... and it is getting thin...
...board's hearings began in Manhattan last week, Big Steel's Chairman Irving S. Olds found himself in something of a psychological box. The hearings opened just as U.S. Steel issued its mid-year earnings report to stockholders. Since profits were 76% above 1948's first half, Olds had a hard time explaining that past profits were no remedy for the steel industry's present situation, with orders having fallen off so much that production had been cut back 30% in a matter of ten weeks...
Died. David Albert Schulte, 76, president (1903-48) and principal owner of the nationwide Schulte cigar-store chain, chairman of the board (1923-45) of Park & Tilford, Inc. (liquor and cosmetics), president of Dunhill International, Inc. (tobacco and perfume); in Holmdel, N.J. One of Manhattan's biggest real-estate operators (he had an intuitive genius for choosing the right corner-site retail stores), Schulte began as a $5-a-week errand boy, ended owning nearly 200 stores in 125 cities...