Word: maye
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Dates: during 1930-1939
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...reasons." In truth, however, the Conference had itself performed some hasty actions for financial reasons-in order to adjourn before its Conference treasury was exhausted. In slapping together the nation's biggest Protestant church (8,000,000 members), it had settled, with a minimum of debate, matters which may need further attention at its General Conference next year...
...faith, wholly supernatural, in God. At present Heywood Broun is receiving instruction in Catholic belief from one of the ablest of U. S. priests, Monsignor Fulton John Sheen (who also instructed Convert Mann). Columnist Broun will be received into the Church late this month. Thereafter he may well become the U. S. equivalent of a famed British convert-the late Gilbert Keith Chesterton, stylist, wit, rough-&-tumble fighter for the Faith...
...coax new business out of hiding? Meanwhile, the copper industry demonstrated that Henry Ford's low price-big volume doctrine is still worth something. Last week, copper companies, who recently got new orders by cutting prices from 11¼? to 10¼? a Ib. (TIME, May 15), found orders again drying up. So Kennecott Copper Corp., big Guggenheim unit, cut the price to 10? and other companies followed. Result: April's high rate of sales continued. Phelps Dodge's President, Louis Shattuck Gates, tall, pleasant, frank, fond of playing poker (because "you can only...
...years, has neither the profit record nor the "seasoning" that has traditionally been required for Stock Exchange listing. But the exchange was glad to list American as the largest unit of a growing industry. American is glad to have the more active market on the Big Board, for it may be obliged to issue more shares to improve its current weak cash position. Due to heavy purchases of new planes, its cash on hand is only about $1,030,000. Though it has still to pay a dividend, American sold last week at $25, within $1.25 of its 1939 high...
...Senators' shortage may benefit their constituents and provide the mill operators with an excuse to work off inventory but it is no great contribution to the permanent solution of the U. S. cotton problem. That problem is basically the loss of foreign markets, for the U. S. used to export two-thirds of its annual crop, now exports only one-third. Alabama's Bankhead (Tallulah's uncle) has an answer in the form of export subsidies but the Senate last week turned it down, largely because the subsidies would directly benefit...