Word: newe
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Dates: during 1930-1939
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...loan, has slicked up its two series (Speedway and De Luxe) this year with deep-skirted front fenders, a beltline chrome strip from front to back. All by itself in the ultra-low field, Willys has dropped its prices 12% to $495 to $620. Improvements: New-type soft springs with rubber-lined clips, counterweight crankshaft, automatic carburetor...
Spriest of all financial oldsters is a testy, box-jawed Bostonian named Frederick Henry Prince, who is, among other things, the money behind Chicago's smelly Stock Yard and the Board Chairman of Armour & Co. Last week two big newspapers, the New York Times and the Chicago Tribune, carried a story about Financier Prince: that in view of his approaching (Nov. 24) 80th birthday, he would not stand for reelection to the chairmanship of Armour. The explanation given, that a younger man would be able to devote more time to the company's management, was plausible enough, since...
...week's end came a trumpeting cable from Biarritz, France, to Prince's New York office. Deny that rumor! He was in excellent health. He would be home in a month to see about this. Armour stockholders were set to wondering whether this January there would be another meeting as rowdy as that famous one in 1934 when Prince, who had bought up effective (5%) control of the stock, first landed the chairmanship...
...only they can get delivery on orders already placed. Chief worry of the industry right now is how to keep the operating rate (last week: 87.5%, this week 88.6%; buying by consumers took up about 70%) above 85% of nominal capacity without dangerously deferring repairs, cracking up expensive new machinery, running shaky old machinery into the ground. Even small marginal companies like Tycoon J. H. Hillman Jr.'s Pittsburgh Steel Co. were defying the rule of producing with 85% of capacity and rotating 15% under repair, were actually smelting ingots at better than 100% of nominal capacity. Bethlehem...
...years, took foal from Pocahontas mines at the rate of 433,066 tons a week (current Pocahontas weekly production: 6-to-700,000 tons a week). Hampton Roadsters worked days, nights and Sundays loading ship holds and bunkers. Pennsylvania Railroad's Norfolk & Western Railway has been setting a new coal loading record daily. Mine owners have forgotten restriction agreements, are trying to get onto a six-day week. Chief obstacle: the labor supply, long unemployed and insecure, of Appalachian coal fields is now insufficient. Last week, for the first time since immigration days, mine owners were broadcasting daily appeals...