Word: nine-month
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...stocks had made new highs for 1935, while New York, New Haven & Hartford was sinking to a record low (see below). Dow-Jones averages on 30 industrials showed a week's rise of 4.38 points. Moody's Investors' Service reported that 70 industrial companies reporting nine-month 1935 earnings were 17% ahead of 1934. Many of the market favorites were selling at two or three times their lows of last March. Cheered by Chrysler and General Motors earnings, excited by the approach of the New York automobile show (see col. 3), traders bought motor stocks with more...
Died. Major John Sanford Cohen, 65, president and editor of the Atlanta Journal, vice chairman of the Democratic National Committee, onetime U. S. Senator from Georgia (appointed to fill a nine-month vacancy in 1932); of stomach ulcer; in Atlanta. A Journal reporter in 1890, he rose to its presidency...
...Atterbury's convalescence dragged on, complicated by severe neuritis. He even missed Pennsylvania's annual meeting last month. Last week he attended his first directors' meeting in a nine-month, and then only to nominate his successor. Bowing to Mr. Atterbury's desire to retire, the directors elected, as Pennsylvania's tenth ruler, Martin Withington Clement, vice president and active head of the $2,000,000,000 system during Mr. Atterbury's long absence...
Since the receivership Vice President Hoffman has sold 83,000 cars turned out by Vice President Vance. Though sales so far this year are up 38%, Studebaker, like most independents, is still losing money. Despite a modest profit in the June quarter, nine-month figures showed a total of $666,600 in red. But there has never been any doubt that Messrs. Vance, Hoffman & Bean would eventually work out a reorganization...
...Georges Valot, secretary of France's Bureau for the Study of the Liquor Problem, completed a nine-month survey of the influence of liquor in the U. S. His findings: "Localities which are regarded as dry are invariably wet. Take, for instance, Charlotte, N. C. . . . open saloons and the most awful whiskey I have ever tasted. They make it out of corn. Three drinks of it will make a man climb trees. And Kansas City? Ah, Kansas City! I have seen the streets of Paris at their best or worst, but they are nothing like the streets of Kansas...