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Italics have to be put on Chrysler earnings because of its Spartan depreciation policy. In the first half of 1937, on sales of $409,688,254, write-off to depreciation was $9.952,822. In the first half of 1939, on sales down to $342,788,293, Chrysler's write-off was upped even further to $11,311,840. Result: its half-year earnings amount to 11.5% of the assets on its books. Further result: a clean capital structure, written-off assets, low costs-all of which promise that if business gets better Chrysler profits will pyramid, if it gets...

Author: /time Magazine | Title: MANUFACTURING: Good News | 8/28/1939 | See Source »

Firestone, which shoes the wheels of most top-flight U. S. racing cars, publishes its half-year report at the end of April. Last spring it had encouraging news for its stockholders in spite of the fact that one of its major customers, Motorman Henry Ford, is rapidly expanding his own tire production in the River Rouge plant. For fiscal 1938's first half (October-April) Firestone turned a net income of $2,429,738. This year's six-month...

Author: /time Magazine | Title: Business: Rubber 1939 | 8/21/1939 | See Source »

...Texans are chairmen of the House committees on Agriculture (Marvin Jones), Elections No. 1 (West), Judiciary (Sumners), Public Buildings & Grounds (Lanham), Rivers & Harbors (Mansfield), Un-American Activities (Dies), to say nothing of Sam Rayburn being Majority Floor Leader. In the Senate, Morris Sheppard (who outranks John Garner by a half-year in length of uninterrupted Congressional tenure) heads the committees on Commerce, Military Affairs and (to the New Deal's recent embarrassment) Campaign Expenditures. Senator Tom Connally has Public Buildings & Grounds and is influential on Finance, Foreign Relations, Judiciary, Privileges & Elections...

Author: /time Magazine | Title: THE VICE PRESIDENCY: Undeclared War | 3/20/1939 | See Source »

...motor oil and gasoline. Last week Cities Service signed up for its 13th year over NBC. Like many another radio old timer, the Cities Service program got its start with Graham McNamee announcing. First feature was silvery Edwin Franko Goldman's cornety band. When the program was a half-year old, Canadian Conductor Rosario Bourdon took over, be gan making the Cities Service hour the big-time show it is today. He handed the baton over last February to Dr.* Frank Jeremiah Black, an old timer...

Author: /time Magazine | Title: Radio: Old Timer | 2/13/1939 | See Source »

...number has been limited to this figure because most of the refugees are still in Europe and it was felt that the money was raised specifically for German exiles. The two or three who will work here this half-year will be symbols of next year's full program, Robert E. Lane, '39 president of the Committee, said last night...

Author: NO WRITER ATTRIBUTED | Title: Refugee Scholars to Be Picked This Week; Some Coming Soon | 2/6/1939 | See Source »

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