Word: timed
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Dates: during 1930-1939
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...fully 30% under 1929. That, say U. S. shoemakers, is giving the U. S. pedestrian a lot of shoe for his money. To the shoe industry, that also means a lot of business for its prices: 1936 and 1937 sales topped the 400,000,000-pair mark (an all-time record, 60% over 1929), and 1939 is expected to do it again...
...part this contrast may be due to screwy statistics (the production index is heavily weighted by certain industries), but in large part it represents technological improvements. For if improved machinery increases output per man, it is perfectly possible to have bigger production and bigger unemployment at the same time. Two examples of this can be found in two of the U. S.'s biggest employers: motors and steel. In 1937 motormakers bought connecting rod grinders that stepped up production from 250 to 850 units an hour, a machine for bending window-finish strips by which a five-man team...
...fact that some 500,000 new workers come into the labor market each year: October's nonagricultural employment (34,649,000) was only 1,492,000 under 1929. For with a growing working population it would be perfectly possible to have employment and unemployment increase at the same time...
Like most other U. S. businesses, Curtis Publishing hit its earnings zenith in 1929, when it reported a net of $21,534,265, an all-time high for any publishing enterprise. Holders of its 7% preferred (of which 722,714 of 900,000 shares are now held by the public) got their dividends as they had for years. Holders of its common got $8 in dividends, felt they had a fine investment in a stock which was selling at $132 before the October crash. But by the depth of the depression in 1932 the dividend on common had dropped...
...this time Curtis preferred stockholders had a thumping $12,339,273 coming to them in preferred dividends, and not even the sharp eyes of President Walter Deane Fuller could see the money in sight. Meanwhile the holders of the common, headed by the Bok family, descendants of the late great Curtis Founder Cyrus Herman Kotz-schmar Curtis (who own 836,626 shares), were becoming impatient...