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...cotton piece goods, exactly the amount of business booked for U. S. delivery three days preceding the agreement. The surprisingly tractable Japanese further agreed that the situation in 1937 was abnormal, accepted a quota of 100,000,000 yd. for 1938 with the option of transferring not more than one-fourth the 1938 quota to 1937. Having thus triumphantly established quantity limitations as the basis for Japanese-American trade in cotton textiles, the U. S. mission, before sailing for home, agreed to appoint members to a joint standing committee before April 1 to set similar quotas in manufactured goods such...

Author: /time Magazine | Title: Business & Finance: Spinners' Treaty | 3/8/1937 | See Source »

Following the stockholders' meeting fortnight ago Walgreen directors voted a 50% stock dividend on common-with the current $2 dividend rate to continue. Previous stock dividends: 1921 (100%); 1922 (8%); 1923 (split ten for one); 1923 (16%); 1924 (16%); 1925 (16%); 1927 (split ten for one); 1934 (5%). Drugman Walgreen & family own nearly one-fourth of the common stock. Says Charles Walgreen: "There are no fixed rules for business success. I was not possessed with a vision that permitted me to foresee the developments that followed. It just happened...

Author: /time Magazine | Title: Business & Finance: Drugstore Doings | 3/8/1937 | See Source »

...there was apparent by last week still another reason for the copper boom. Vast amounts of the red metal were going into hoarding, either by profiteers or as outright war reserves. Estimates of total copper hoarding in Europe ran as high as 400,000,000 lb., equal to nearly one-fourth the entire U. S. output last year...

Author: /time Magazine | Title: Business: Copper Into Hoarding | 3/1/1937 | See Source »

...vital figures, it was now possible to fill in most of the hitherto sketchy can picture. Total can production amounted to some $375,000,000. American Can's share was $185,000,000, just under one-half the total, as against the nine-tenths it enjoyed nearly 40 years ago. Continental's share was estimated $95,000,000, one-fourth the total. Thus American is about twice as big as Continental and together they do 75% of the U. S. can business. National Can was a poor 3% third with sales...

Author: /time Magazine | Title: Business: Can Competition | 3/1/1937 | See Source »

After three postponements due to lack of snow, the field of 30 skiers were rewarded by perfect conditions, fast powder snow and brisk, cold weather Times were fast: the first three men averaged about 30 miles per hour over the treacherous one and one-fourth mile course...

Author: NO WRITER ATTRIBUTED | Title: Rogers, Bigelow, Emerson in Van in University Ski Race | 3/1/1937 | See Source »

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