Word: goodrich
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...Goodrich, when the rubber market collapsed in 1937, took a $5,653,000 inventory write-down which put it $878,580 in the red (even after a $593,249 profit on foreign exchange). But last week, Goodrich's President Samuel Brown Robertson reported sales up 27.4%, a $3,122,728 profit, instead of last year's $209,551 loss...
...contrast to Goodyear, which is decentralized, Goodrich is concentrated in Akron, blames 25-75% higher wages for its inability in the past to show as high a profit margin...
Last spring Goodrich demanded a 12-14.8% wage cut, compromised on 5.7%. This spring it pruned interest, like U. S. Rubber, by getting a cheap six-year bank loan with which to retire $18,319,200 of 6% bonds...
...Tires and tubes are the biggest part of the sales of the Big Four rubber companies: to U. S. Rubber slightly under 50%; to Goodrich approximately 60%; to Goodyear nearly 75%; to Firestone about...
...months prior to the opening, more than 100 actors, including such local celebrities as Octogenarian Ella H. Goodrich, who does Whistler's Mother, and ebony-skinned Janitor Felix Nelson (Vedder's The African Sentinel), rehearse their tableaux as religiously as any Oberammergau Passion Player. This year, with the Assistance League of nearby Santa Ana offering $200 in art prizes, and the buildup of the local Chamber of Commerce corralling 1,500 spectators into every performance, The Festival of Arts at last got on a paying basis. Jubilant Director Ropp hoped to net $4,000, looked forward...