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Once he was nominated, business as a whole began lining up behind him with the same enthusiasm. The New York Stock Exchange, with utility stocks opening up three points, traded 660,000 shares in its first hour (previous day's total: 441,000). The New York Journal of Commerce...

Author: /time Magazine | Title: GOVERNMENT: More for the Money | 7/8/1940 | See Source »

American Export Lines, whose development of the Mediterranean and Black Sea trade was the most profitable post-war achievement of the U. S. merchant marine, must now content itself with calls at Lisbon. But no strategic material from the Mediterranean (except perhaps mercury) is irreplaceable. And U. S. processors of...

Author: /time Magazine | Title: FOREIGN TRADE: Civilization's Cradle Snatched | 6/24/1940 | See Source »

"Mr: Prentis preferred the presidency of the National Association of Manufacturers whence he could denounce the Wagner Act without being interrupted." This statement is not fair either to me or to the Association. I have personally favored collective bargaining where equal moral and legal responsibility is assumed by both sides...

Author: /time Magazine | Title: Letters, May 27, 1940 | 5/27/1940 | See Source »

Armstrong Cork's Henning Webb Prentis Jr. took U. S. relief policy to pieces. He said that 1) no one really knows how many unemployed there are, 2) many persons now on relief shouldn't be, 3) unemployment insurance should not be paid while a worker looks around...

Author: /time Magazine | Title: CONVENTION: Voice of Business | 5/13/1940 | See Source »

Moreover, though Chambermen attacked New Deal administrative methods, they did not demand complete repeal of New Deal laws. Investment Bankers Association's Emmett F. Connely, after a hot blast against TNEC, suggested "innumerable instances where the administration of the laws as they now stand could be simplified to everyone...

Author: /time Magazine | Title: CONVENTION: Voice of Business | 5/13/1940 | See Source »

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