Word: tiring
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Outstanding among exceptions to the rule of prosperous, optimistic midyear statements were the balance sheets of U. S. automobile tire companies. Sales figures, if not exuberant, were satisfactory. But income figures were disheartening. Net income of the "biggest" Goodyear Tire and Rubber Co. dropped from $6,364,005 (Jan.-June, 1927) to $3,074,200 (Jan-June, 1928). For B.F. Goodrich Co., a profit of $5,813,501 turned into a deficit of $1,574,889. Fisk Rubber Co.'s huge deficit...
Causes of this unhappy situation were not obscure. In December, 1926, leading U. S. tire manufacturers formed the American rubber pool, proceeded during the next year to accumulate a great supply at prices ranging from 35 to 41? a pound. But last February, the price of crude rubber broke sharply, fell to 26.9? in March, 17.2? in April, stood last week just under 20?. Large tire companies took a staggering loss on their inventories. Tire prices fell to meet fierce competition from mail order houses and small dealers who had not accumulated a rubber reserve...
Equatorial Africa. "Seven lions surrounded our camp. One actually entered the front seat of an automobile parked nearby and another almost chewed up the rear tire. A third lion managed to get at a camera, which was soon reduced to a pulp. It was a thrilling night, but all is well." The experience befell three Boy Scouts now photographing wild animals on the high equatorial plateau just east of Lake Victoria, Africa. The boys-Robert Douglas, 16, of Greensboro, N. C., David Martin, 15, of Austin, Minn., and Douglas Oliver, 15, of Atlanta, Ga., are with Mr. and Mrs. Martin...
...Grayson Mallet-Prevost Murphy, Manhattan Republican, financier (New York Transportation Co., Goodyear Tire & Rubber Co.), and Pierre Samuel du Pont, Delaware Republican, industrialist (chairman of General Motors Co.). Reason: Prohibition...
...accompanied by British medicine, British education. Lever Brothers became rulers of a black empire of 1,860,000 acres, exploited its mine of raw materials, its cheap labor. Last week, black labor in the Congo demanded and got 19? a day. Like the soap works at Port Sunlight, the tire factories at Akron, Ohio, must be served. From one source or another, an unending supply of rubber must pour into the plant of Firestone Tire and Rubber Co. Angry at the cost of obtaining it from one source (British), Harvey Samuel Firestone determined to get it from another. Said...