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Last week under Cowles management one of the changes for the Tribune papers was cancellation of all liquor ads, effective in 60 days. (The Cowles have a no-liquor advertising policy.) Also, the price of the realigned papers was boosted from 2? to 3?. The morning Tribune's Editor Thomas J. Dillon remained in charge, but the Cowles general staff moved into key positions on the paper: John Cowles as president, John Thompson as vice president and publisher, "Stuffy" Walters as vice president and executive editor. Having got the circulation of the evening Star-Journal...
...allowances rose from $2,855,000 to $7,200,000. But U.S. Steel profits were up $19,446,000 to $36,560,000 (best since 1929) even though taxes were up $16,031,000 to $27,603,000 (highest ever). Since last month's 10?-an-hour wage boost there is slim chance steel profits can hold the pace...
Sadly Burdened. As Madam Perkins certified another major dispute to the board, the Administration prayed for better luck. For two months General Motors and the C.I.O. Auto Workers had been negotiating a new contract. Differences narrowed down to union demands for a 10? wage boost and a closed shop; G.M. made a counter-offer of a wage rise, but to a closed shop answered flatly, No. Union leaders finally decided to strike. Last week Madam Perkins tossed this new hot potato over to the board. What the board could do with it was any man's guess. A good...
...Commuters between Detroit and Chicago got a big boost in service with three new trains added to schedules at the same time: the Red Bird and Chicago Arrow on 4¾-hour schedules (Wabash); The Michigan on a 5-hour schedule (Michigan Central...
...years ago the Transcript was given a transfusion of new capital, reorganization, modern format, a price boost from 3? to 5?. But the Transcript, immutably loyal to a vanished Boston, fitted Novelist Marquand's description of Wickford Point: "The whole place was like a clock which was running down, an amazing sort of clock, now devoid of weights or springs or hands, yet ticking on through some ancient impetus on its own momentum...