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Soaking the Nation. Specifically the 28 emergency decrees signed by President Lebrun as immediately effective provide: ¶Reduction of pensions of war veterans (except those heavily disabled) by 100%. ¶ Reduction of the State-controlled price of bread by about 1/5?a Ib. ¶Reduction of gas and electricity rates by 5%. ¶Reduction of State Railway employes' pay by 10%. Other State employes receive cuts of 10% for those receiving over 10,000 francs ($660) yearly; 5% for those between 10,000 and 8,000 ($528) francs; and 3% for those between 8,000 and 5,000 francs...

Author: /time Magazine | Title: FRANCE: Laval Dictates | 7/29/1935 | See Source »

...down on the mass of irrelevant corporate information which was of no interest to anyone-least of all investors, who can hardly be persuaded to read a four-page prospectus in large type. A statement filed on the old form by Republic Steel weighed more than 50 Ib. On the new form Bethlehem Steel registered a $5,.000,000 bond issue in one volume, weighing 5 Ib...

Author: /time Magazine | Title: Business: Reform & Realism | 7/22/1935 | See Source »

...running of the Butler Handicap, at the Empire City track in Yonkers, N. Y., oldtime project of the late Grocery Tycoon James Butler. Many racegoers thought it would prove Discovery's hardest test so far, because this time he was giving weight not only to King Saxon (8 Ib.) but also to Top Row (16 Ib.), holder of the world's record for 1-1/16 mile, and because the Butler racetrack has sharp turns that King Saxon likes. For nearly a mile, as the crowd expected, King Saxon made the pace. Discovery, running under 132 Ib., caught...

Author: /time Magazine | Title: Sport: Timely Discovery | 7/22/1935 | See Source »

Almost as big as the Sikorsky and Martin transoceanic Clipper ships, the new Boeing is said to weigh 30,000 Ib. loaded, carry six tons of bombs, have a top-speed of 250 m.p.h., a ceiling of 25,000 ft., a range of 2,500 mi. without refueling. Actual performance figures were secret...

Author: /time Magazine | Title: TRANSPORT: 299 | 7/15/1935 | See Source »

Last week the copper industry got a good shove in the opposite direction at the hands of the U. S. Government when the Navy Department announced the award of a 750,000-lb. contract at 8½? per Ib., lowest price in 14 months, to Milhauser Trading Corp.(copper brokers), one of the loudest opponents of the code. Domestic fabricators took the cue, dropped prices of all copper products 1? per Ib. Copper for export sank to 7¼? against a top of 7½? the previous day and 8½? the preceding month...

Author: /time Magazine | Title: Business: Unpegged Copper | 7/8/1935 | See Source »

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