Word: newe
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Dates: during 1930-1939
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Died. Carl Edgar Mapes, 64, able, hardworking, non-orating, longtime Republican member of the U. S. House of Representatives; of a heart attack; in New Orleans. His last words: "I wish I were home [Grand Rapids, Mich...
...many pictures of war-order planes lined up on fields, and shrouded bomber fuselages being loaded on freighters or falling into harbor mud. But aside from aircraft it has seen little concrete evidence of war orders. Last week (see cut) 478 Studebaker trucks on a Staten Island dock in New York Harbor readied for shipment to the Allied Armies, provided the first good view of nonplane war orders in the flesh...
...Continental, Editor Kelly gave exclusive contracts for five years with four canneries, which use some $1,000,000 worth of cans a year. That means about $750,000 of new business annually for the canmaker, for three of the canneries were new customers. In return, Continental Can agreed to put up a $500,000 can factory. The canners figure on saving $100,000 a year on freight charges by having a factory in Walla Walla. The town figures the new plant will provide a yearly payroll...
Early in 1939 TIME began publication of its Index of Business Conditions. Since then U. S. business has had a long slow sag, a shorter slow recovery, a sudden stimulant from war, a spurt to new high levels, a leveling off. TIME herewith presents, in relation to these events, a review of the movements of its Index and of the three components (see chart) of which the Index is a composite...
...when they lay in larger supplies of raw materials, customarily pay off their loans when they let inventory run off. In order to keep purely financial transactions from unduly influencing the Index-which aims to reflect general business, not merely financial conditions-the turnover component for financial centres like New York and Chicago is kept separate from the turnover component for trade centres, and the two are later combined giving the turnover in trade centres, and much more weight than that for financial centres. In the chart they are shown separately.) In early 1939 the trend of turnover in trade...