Word: lobban
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...Dock Co.-two 20,000-ton aircraft carriers at $19,000,000 each. To Bethlehem Shipbuilding Corp.-one 10,000-ton cruiser with 8-in. guns at $11,720,000; four 1,850-ton destroyers at $3,896,000 each. To New York Shipbuilding Co. of which Errett Lobban Cord last week bought control (see p. 41)-two 10,000-ton cruisers with 6-in. guns, at $11,677,000 each; four 1,850-ton destroyers at $3,775,000 each. To Electric Boat Co.-two 1,400-ton submarines, minus main propelling machinery, at $2,770,000 each...
...last week Errett Lobban Cord, who has grown very rich supplying transportation on land and in air, ventured out upon the sea. He announced that he had added New York Shipbuilding to the lengthening list of Cord companies, most important of which are Auburn Automobile and Aviation Corp. Next day the Navy Department dished out its New Deal contracts and Mr. Cord's shipyard got the biggest slice of all-a $38,450,000 order for two 10,000-ton cruisers and four destroyers (see p. 10). The youngish onetime automobile salesman was at his home in Beverly Hills...
...Errett Lobban Cord, automobile & aviation tycoon, was watching an airplane motor on a test block in a Los Angeles shop. The propeller snapped, sheared through a wire netting, knocked him unconscious. At a soaring meet at Elmira, N. Y., Richard Chichester du Pont, 24, son of Vice President Alexis Felix du Pont of E. I. du Pont de Nemours & Co. took his father for his first hop in a sailplane. A shift in the wind whipped the heavy glider into a ground loop, spilled it into a clump of bushes. Pilot du Pont & parent were unscratched...
...back & forth between San Francisco and New York in 21½ hr. westbound, 20 hr. eastbound-about 10 hr. faster than former schedules. On the New York- Chicago run the new ships heated the already hot competition between United and Cord's American Airways. Few weeks ago Errett Lobban Cord put on a fleet of new "silent" Curtiss Condors, slashed the running time down to 6½ hr. westbound, si hr. eastbound. The new Boeings lopped another hour from that time...
...each & every raise,, whether it affected ten or 10,000, the Press thumped and boomed on its big bass drum.† Errett Lobban Cord, whose companies have never been noted for high wages, upped all workers in his automobile and aviation units 5%. Up 12½% went all Goodyear Tire & Rubber employes. Up 10% went wages in George E. Rogers & Co., Pittsburgh wholesale hay & grain dealers. The upping movement undoubtedly spread far & wide last week, but three things the Press did not report were: 1) What percentage of all U. S. workers received raises. 2) what the wages were before...