Word: goodyears
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...Goodyear reported first half sales up 23%, profits up 116% to $3,610,595 from the year before. Boss of Goodyear is opinionated, poker-playing Paul W. Litchfield, who has tough Steelmaster Tom Girdler on his board. Litchfield is a great dirigible booster, a chum of Germany's Zeppeliner Dr. Hugo Eckener. In 1936 he wanted to nominate Colonel Charles A. Lindbergh for Vice President on the Republican ticket. Last spring he urged the U. S. to barter (as it soon did) surplus cotton for a stockpile of rubber which a war would shut...
...years President Litchfield has personally done Goodyear's rubber shopping, still gives it 20 minutes to an hour a day. He carries the industry's biggest market basket, for Goodyear buys about 14 2/7% (the United States from 30% to 50%) of the world's crude rubber. With only about 10% of Goodyear's requirements produced by Goodyear's own plantations, he must gamble more heavily than his competitors on war or peace as well as recovery or depression when he goes to market. In the spring of 1937, when commodity prices threatened...
...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...
...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...
...Fifth Avenue office building. The trustees met for the first time in October, armed with pledges for $200,000. In November the Museum of Modern Art opened its doors with an exhibition of Lillie Bliss's fine Cezannes and other first-rate French paintings borrowed by President Goodyear in Europe. Reporters discovered young, lean, black-haired Mr. Barr looking tired, a description which it has been safe to apply ever since. The way people piled in, it might have been Madison Square Garden...