Word: quarters
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Dates: during 1920-1929
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Farm. One-half of the total number of U. S. farmers make less than $800 a year. The profits of only one-quarter exceed $1,200 per year, the Department of Agriculture's "minimum wage" for a farm family. Reason for low income: For every dollar the consumer pays for food, about 30 cents gets back to the farmer, 70 cents going for transportation, marketing, etc. The fanner gets no more because, ambitious, he grows too much, puts it up for sale. With all farmers doing this, a surplus is created, depressing prices. The farmer markets his goods individually...
...Steel Co. Cleveland's steel company earned nearly $4,000,000 in 1928, its $3.82 per share showing marked improvement over $1.02 in 1927. With the automobile industry a leading customer, the company has enjoyed a record first quarter and expects soon to resume common dividends...
...dressing room. ¶ Last week also- saw further consolidation in the parent 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...
...thus indicating a year's loss of $72,221,498-not counting, of course, what Ford profits might have been if Model T could have been kept going. There was also an indicated loss of some $42,000,000 in 1927. Automobile production figures for the first quarter of 1929 (TIME, April 15) show that the Ford has regained its position as greatest unit producer, some 180,000 March Fords comparing with some 140,000 March Chevrolets...
...Freshman eight, will set the pace of the University crew in the first race of the season against M. I. T. on May 4, according to an announcement made by Coach E. J. Brown '96 shortly after the two University crews had engaged in a mile and three quarter race in the Charles River Basin on Saturday afternoon. Swaim stroked the losing crew in the trial over the full distance, but his rowing was of such merit that Coach Brown selected him in preference to P. H. Watts '31, who fixed the beat for the winning eight...