Word: year-end
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...through 1948 the senior editor, writers and researchers of TIME'S Business & Finance department have had in mind the year-end review of U.S. business which appears in this issue...
Actually, we did not attempt this exacting job of putting the year's events in the world of business in their proper perspective until TIME was 17 years old. From that first year-end review to this one, however, a significant transformation in the viewpoint of our readers toward the review and toward business has taken place. In the beginning very few of you wrote to us about either of these matters. Since the war, we have received more and more letters from you-written by men and women, laymen and experts alike-containing knowledgeable comment on the facts...
...Unless year-end contributions to churches and charities take an unexpected spurt, said Manhattan's Golden Rule Foundation this week, U.S. giving in 1948 will stand at an alltime low-only 1% of the national income. During the depressed '30s, said the foundation (which bases its reports on income-tax deductions), contributions averaged about...
...Charles E. Wilson, president of General Motors (which at week's end declared a year-end dividend of $2 per common share v. only 75? last year), could not see how "the results of the election will have any effect on the automobile business...
...trouble. It started with a buyers' strike last spring. This month the Government predicted a whopping 15,169,000-bale cotton crop. On the New York Cotton Exchange, cotton futures promptly slid off $4.50 a bale. Print cloth went to 25? a yard, off 13? from its year-end high, and there were few buyers. Some thought the slump on the Cotton Exchange would bring down textile prices further. Over & over, customers told Worth Street factors: "We're waiting for lower prices...