Word: tiring
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...rubber industry, it was almost like the bad old times. Goodyear Tire & Rubber Co., U.S. Rubber Co. and Firestone cut their tire prices about 10% last week to meet a price cut by B. F. Goodrich Co. This brought the cost of a 6.00 x 16, the most popular tire size, down to $14.40, slightly under the 1941 price. To make things worse for tiremen, independent dealers slashed their prices as low as $11.38 by trimming their normal profit of 25 to 30% down to 10% or less. The reason was simple: there were just too many tires...
Alarum. In Brooklyn, three police cars rushed through the streets on a tip that a woman was "yelling for help," found a perspiring man changing an auto tire-with his voluble wife trumpeting advice...
...pits were too busy to look up for more than an instant. Bill Holland, who had taken the lead (earning $100 in prize money for each lap he led) rolled in to the pit for his first stop. It took 14 seconds to change a weakening tire; nitrogen bottles blew fuel from drums into the tank; Holland patted his crash helmet, pulled down his goggles and sped off. The merry-go-round went on. With only 100 miles to go, Lou Moore's two drivers were running...
...Many Tires. The three biggest U.S. mail-order houses (Sears, Roebuck & Co., Montgomery Ward & Co. Inc., Spiegel, Inc.) cut tire prices as much as 12%. But tires were not the only things catching up with demand in the rubber business. Since rubber was decontrolled on April 1, the price of natural rubber has dropped more than 5? a pound to 18½?. Rubber for delivery in September (futures) dropped to around 16?, less than the 1939 price. Caught by the drop was the RFC, which bought & sold all U.S. rubber until April 1. It owns 110,000 tons of salable...
Born in Boston, Stanton Griffis was a prizewinning orator at Cornell. He raised apples for a while in Oregon but gave that up for Wall Street, where he became a banker, a promoter and a tycoon. In 1920 he moved in on Lee Tire & Rubber Co. In 1933, with Atlas Corp.'s Floyd Odium, he acquired control of Madison Square Garden. He helped pull Paramount Pictures out of a $100 million hole, along the way picked up Brentano's book stores...