Word: tractional
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...Public Member Wayne L. Morse. Brainy Wayne Morse, dean of the University of Oregon Law School, was an ace labor arbitrator on the West Coast, has moved impartially between labor's and industry's side on WLB. Last week, denying a wage increase to Los Angeles traction employes, he wrote...
...spite of the New Deal, in spite of the all-powerful political boss who is their mayor, Chicago's traction system will still be visited on the children of Chicagoans, even to the second and third generations. That was the news that depressed Chicagoans last week...
...appeared that the attorneys, who argued before the State Commission for a year without questioning its jurisdiction, would have a hard time making a case. Said the Chicago Sun: "The net result ... is to leave Chicago's traction muddle exactly where it was when the fight for unification started 15 years ago, except that it costs more (8? instead of 5?) to ride the streetcars...
Before the war, Timken-Detroit, the only U.S. company making high-traction gears for all-wheel-drive trucks, had three machines, each turning out twelve pinions an hour - enough for one six-wheeler. As military trucking increased, Timken-Detroit engineers could foresee the bottle neck. They decided to try the impossible - to forge gears to the unheard-of tolerance (for forging...
...Wall Street underwriters Hemphill, Noyes & Co. last week put across the biggest special offering yet: 65,527 shares of International Paper common worth $508,000. Formerly held by American Light & Traction Co., the sale lasted only 26 minutes, took the stock from one owner and put it in the hands of more than 422 small investors who bought from 15 to 500 shares apiece...