Word: quar
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...plates; in the huge show places of General Motors, Ford and Chrysler, glistening cars mocked the vacant desks, the muffled telephones. Detroit's 300 dealers fired most of their 3,000 salesmen. In New Orleans and else where big dealers kicked themselves for deliberately holding down sales last quar ter (to keep out of the high income-tax brackets...
...Gibson, was the source of the capital behind him. Under his rule, Manufactur ers stock has regained high reputation, though the bank has not yet recovered the deposits it lost in 1930. Up $26,000,000 since Mr. Gibson took charge, deposits are still down $153.000,000 from the quar ter before Bank of U. S. failed. In July Banker Gibson began a series of mergers and liquidations by Manufacturers. Two banks it took to itself by mergers (Midwood Trust of Brooklyn and Brooklyn National Bank of New York). Three (Midtown Bank, Lebanon National Bank, Bryant Park Bank) it held...
Quartermaster General John Lesesne De Witt explained that the Army's meat purchases are in the hands of depot quar-termasters in the corps areas. In the Philippines the Army & Navy club together to buy meat on one contract to get a lower price. Both Admiral Cheatham and General De Witt said they would be "delighted" to buy beef from U. S. packers if it could be shipped to foreign stations to meet the foreign price. Declared Acting Secretary of War Davison...
Steel has lately been going at record pace. Best second quarter earnings since the war. . . . Unprecedented third quar ter generally predicted. . . . Industry operating at almost 95% of capacity. . . . Great Northern Railroad has bought 30,000 tons of steel rails. . . . Northern Pacific and Pennsylvania expected soon to place 15,000-ton orders each. . . . Rail roads will buy nearly twice as many freight cars in 1929 as they bought in 1928. . . . Two Chicago office buildings are using 14,-000 tons of structural steel. . . . General picking up in the building industry. . . . Automobiles expecting a 5,200,000 1929 production. . . . Production is expected...
...industry when newly-formed (TIME, March 18) Aviation Corp.. took over Colonial Airways, capitalized at $5,000,000. ¶ Pratt & Whitney (produced 960 engines in 1928; plan 2,000 in 1929) an nounced net profit first quarter of 1929, of $1,300,274 as against $337,012, first quar...