Word: prewar
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Like Old Times. The auto industry, not yet feeling the effects of the coal mine stoppage, expected to make more than 1,250,000 units in the first quarter, about equal to the peak prewar total. For customers awaiting new cars, the volume was not so cheering as it seemed: 27% of it would be in trucks, compared to an average of about 20% prewar...
Hidden away in the 62 closely printed pages were hints that the machine, which Britain has been running at top speed since war's end, was already missing on a few cylinders. Last year Cripps set the export target for the end of 1948 at 160% of prewar level. Last week, it was cut to 150%. There was simply no likelihood that the higher one could be reached...
Expensive Experiment. General Electric Co. told why it could afford to cut prices (TIME, Jan. 12). On record peacetime sales of $1.3 billion in 1947, it had netted $95,298,940, highest in its 56-year history. But the margin of profit on sales was down (7.2% against 11.6% prewar). The experiment in price cutting, said G.E.'s Charles E. Wilson, will cut gross sales about...
Under his postwar Labor Party premiership, Norway has made Western Europe's greatest gains over prewar industrial production levels. But Road-Mender Gerhardsen saw some nasty obstacles in Norway's way to recovery. Moscow-led Communists, as well as patriots like himself, had worked up to postwar power through the resistance movement. Their influence was far greater than their eleven members in the 150-member Storting indicated...
...Prewar Yale tuition: $450 a year. Last fortnight Columbia raised its tuition 33⅓%, its dormitory rent, 17%. This week Colgate raised its tuition...