Word: goodyears
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...national play for aviation manufacture, Cleveland last week lost another deal, recuperated on a previous loss. ^ The current loss was Goodyear Zeppelin Corp.'s proposed factory for building, first, two airships larger than the Los Angeles or Graf Zeppelin, and later, simi- lar ones. Cleveland wanted the industry. Los Angeles, San Diego and 100 other cities wanted it. President Paul Weeks Litchfield of both the Goodyear Tire and Rubber Co. and the affiliated Goodyear Zeppelin Corp., chose Akron, Goodyear headquarters...
...Goodyear Melon. After a near-decade of financial trouble, reorganization and management strife Goodyear Tire & Rubber Co. last week announced a stock melon. To stockholders it will sell a new common issue for $50 a share. Present common is around $90 a share. With the $41,480,000 derived from this sale Goodyear will pay off $7,500,000 notes due in December, will build a manufacturing unit in the South, will improve its financial position...
Down, down, down go earnings of U. S. automobile tire makers (TIME, Aug. 27). And down, down, down go the prices of tires. To leading companies, U. S. Rubber and the "biggest" Goodyear Tire & Rubber, last week announced a 20% slash in the cost of second grade tires, meeting a similar reduction by Firestone Tire...
...Angeles, pride of the Navy, only rigid airship† in the U. S., is going to have two sisters. Last week, a judging board of the Navy announced that the designs submitted by Goodyear-Zeppelin Corp. of Akron, Ohio, a subsidiary of potent Goodyear Tire & Rubber Co., are better than those of a half dozen competitors.* It seemed almost certain that Goodyear would be awarded the contracts for the two airships, that work would begin this autumn and the first new giant silver cigar would take the air in 1930. Goodyear quoted $7,950,000 as the price...
Outstanding among exceptions to the rule of prosperous, optimistic midyear statements were the balance sheets of U. S. automobile tire companies. Sales figures, if not exuberant, were satisfactory. But income figures were disheartening. Net income of the "biggest" Goodyear Tire and Rubber Co. dropped from $6,364,005 (Jan.-June, 1927) to $3,074,200 (Jan-June, 1928). For B.F. Goodrich Co., a profit of $5,813,501 turned into a deficit of $1,574,889. Fisk Rubber Co.'s huge deficit...