Word: tiring
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Dates: during 1940-1949
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Even such a blue chip as U.S. Steel went begging at $73½, which was less than six times what it earned in 1947. Goodyear Tire & Rubber Co. brought only 3½ times its earnings. Other blue chip markdowns...
...Week's 1947 Price- Closing Earning Earnings Stock Price per Share Ratio American Can $78¼ $8 9.8 American Smelting 51½ 12 4.3 Chrysler 58¼ 7.50 7.8 General Motors 51¼ 6.70 8.1 Goodyear Tire 42 12 3.5 Loew's Inc. 16¼ 2.75 5.9 Sears, Roebuck 34⅛ 4.75 7.2 Standard Oil (N.J.) 70 10 7 Texas Co. 54½ 7.50 7.3 U.S. Steel 73½ 12.50 5.9 Westinghouse...
...Week's 1947 Price- Closing Earning Earnings Stock Price per Share Ratio A. M. Byers $18 $ 4.92 3.6 Consolidated Textile 13 5.69 2.3 D. L. & W. R.R. 9⅛ 1.93 4.5 Emerson Radio 23⅛ 5.65 4.1 Firestone Tire 35¾ 13.46 3.4 Martin-Parry 17¼ 5.97 2.9 Nash Kelvinator 16¼ 4.17 3.9 N.Y., Chi. & S.L. R.R. 44 17.82 2.5 Outboard Motor 21½ 4.38 4.9 Schenley 28⅜ 7.46 3.85 John B. Stetson 13¾ 3.77 3.6 Ward Baking 11¼ 3.03 3.8 Warner Bros. 11¼ 3.02 4.0 West Indies Sugar...
Bouncing Back. U.S. tire builders, who cut prices 10% last spring, found their reductions premature. The record touring season last summer increased the demand for tires 10% above 1946. And the rise in labor and material costs nipped the profit margins of tire men. A month ago, General Tire & Rubber Co. announced a 7½% price increase. This week, the Big Four-Firestone, Goodrich, Goodyear and U.S. Rubber-followed suit. Their boosts: from...
College skiers who tire of the blue books can get away from it all at the newly established Norwegian Ski School for Americans at Kongsberg, Norway, it was announced last night...