Word: year
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Dates: during 1940-1949
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Eastman Kodak Co. last week announced a "wage dividend" for its 48,000 employees of $15,500,000, biggest in the 38-year-old history of Eastman's profit-sharing plan (last year's bonus: $13 million). Though Eastman's earnings for the first nine months this year were down about 17% from 1948, it's common, stock dividend was higher ($1.70 v. $1.60 last year). Therefore, the bonus, based on the dividend paid to stockholders, was higher also. Paid to everyone employed before last October, the bonus consists of $25 for every $1,000 earned...
Although automakers turned out a record of almost 5,500,000 cars & trucks in the first ten months of this year the demand for cars is still near the top. After a consumer survey, the Federal Reserve Board predicted that there would be peak auto sales at least until the middle of 1950. One reason is that more people can afford autos than prewar. Explained FRB: while the retail price of the three leading lowest-priced cars went up an average of 65% between 1941 and early 1949, U.S. family income increased more than 100% (from...
When Railroad Juggler Robert R. Young started to unload his Chicago, Rock Island & Pacific Railroad stock early this year, a Chicago trio began to buy up his holdings. By last week, Young was out and the trio had gobbled up 25% of Rock Island stock, one of the largest single holdings of any major railroad...
...Chicagoans are surrounded by lots of evidence of the work of Colonel Crown (World War II Army engineers). His Material Service Corp., biggest building-supply firm in the Midwest, did $33 million in sales last year and helped put up many a Chicago building. He also buys them ready-built and is one of the chief backers of Hotelman Conrad Hilton. Crown put up some of the money for Hilton to buy Chicago's Palmer House. When Connie Hilton bought Manhattan's Waldorf-Astoria (TIME, Oct. 17), Crown chipped in $250,000. Today he owns...
That essential freshness had been carefully guarded by an American painter named DeWitt Peters, who went to Haiti six years ago to teach English and remained to open the first and only art center in Port-au-Prince. To Peters' surprise, Haitians flocked to the new Centre d'Art with pictures for his approval. Even more surprising was the fact that half the pictures they showed him were interesting. Peters supplied his protégés with painting materials, judiciously refrained from criticizing their work. Eventually he teamed up with American Poet Selden Rodman, whose Renaissance...