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...quick resale of lots. . . . The amount of margin upon which a man trades does not determine the gambling element. ... A man can buy stock for a small cash payment . . . and there is no reason to call him a gambler because he sells the stock shortly after at a profit. ... If the trading in stocks . . . is immoral, then the church should eliminate from her membership the heads of stock exchange houses, clerks, bookkeepers . . . the men and women who buy and sell stock...

Author: /time Magazine | Title: POLITICAL NOTES: Instrument of Service | 8/12/1929 | See Source »

Last week, however, Swift & Co. an nounced new Swift products which well may add to the Swift family net profit. By means of a new quick-freezing process, fresh meats have been put on the market in the packaged and branded form long associated only with cured meats (ham, bacon). Thus the U. S. housewife may now telephone her butcher, order Swift pork chops, lamb chops, and pork tender loins, all neatly wrapped in parchment or cellophane, trimmed, ready to cook. Soon available will be sliced calf liver and beef liver, and packaged legs and shoulder of lamb. Eventually planned...

Author: /time Magazine | Title: Business & Finance: Billion Sales | 8/12/1929 | See Source »

...banner year, has been one of the most stable of the smaller car builders. Makes Flying Clouds, Wolverines, Speed Wagons;has lately introduced a Car of the, Month stunt-a special model distributed on a basis of one to each dealer. Reo sold 47,170 units in 1928.) Net profit, first half...

Author: /time Magazine | Title: Business: Earnings: Aug. 5, 1929 | 8/5/1929 | See Source »

Goodyear Tire & Rubber Co. (World's largest in rubber. Daily output of 95,000 tires and tubes, 400,000 pairs of rubber heels. Reorganization of 1921 followed by much litigation, further reorganization in 1927, present management potent and prosperous.) Net profit, first half...

Author: /time Magazine | Title: Business: Earnings: Aug. 5, 1929 | 8/5/1929 | See Source »

...Westinghouse Electric & Manufacturing Co. (Second only to General Electric. In June F. A. Merrick succeeded E. M. Herr as president. Sales have averaged about $165,000,000 yearly for six years.) Net profit, first half...

Author: /time Magazine | Title: Business: Earnings: Aug. 5, 1929 | 8/5/1929 | See Source »

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