Word: pyramids
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...Great Britain the honorary president of a vast pyramid of women's war organizations is Queen Elizabeth, whose wardrobe contains a choice assortment of female uniforms (TIME, Oct. 9). Last week in Paris petite Eve Curie, newly installed as Chief of the Feminine Section of the Ministry of Information, made it very plain to the press that most French women, unlike their British sisters, have no time for flossy uniforms, showy organizations. From the French point of view, the fact that Britain still has less than 1,000,000 men under arms, whereas France has more than...
...biggest danger of tight bottlenecks is that the bottle may explode. The necessity of using obsolete equipment raises costs, prices begin to pyramid, and panicked customers overbuy. The result is often an inventory depression. Example: 1937. For this among other reasons many a businessman last week had his fingers crossed about a war boom. One of U. S. industry's most influential spokesmen, President Howard Coonley of National Association of Manufacturers (also Chairman of the Advisory Committee of American Standards Association, which is trying to eliminate bottlenecks by promoting standardization) took time out to broadcast : ". . . We have no illusions...
...write-off was upped even further to $11,311,840. Result: its half-year earnings amount to 11.5% of the assets on its books. Further result: a clean capital structure, written-off assets, low costs-all of which promise that if business gets better Chrysler profits will pyramid, if it gets worse Chrysler will be able to take...
...alter. Shrewd Harrison Williams was the first of the major utility tycoons to submit to its painful yoke, and North American registered with SEC in February 1937. By last fall when SEC finally forced the rest of the industry into line, Mr. Williams was all set to flatten his pyramid...
...lopped off the top last December by selling enough North American common to reduce his interest to less than 10%. Last week the pyramid was cut to two-story height. To liquidate North American Edison Co., huge intermediary holding company between it and the actual operating companies, and to refund some of its own outstanding obligations, North American Co. offered $70,000,000 worth of debentures and $34,829,000 in $50 par value preferred stock. A syndicate of 127 underwriters headed by Dillon, Read & Co. sold the issues like hot cakes...