Word: raws
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...question of solvency was involved, but it might be poor management to allow further depletion of working capital. As soon as business picks up vast sums of money will be needed to improve plants, to purchase and move raw materials. Un less working capital were kept up there would be the need of further borrowing which would be a burden on future operations. When the turn comes, any company, unable to borrow at once, would find its competitive position weakened. Thus, while wage-cutting seems on the surface merely to decrease Steel's employes' earning power, its real...
Besides being a leader in a great consuming industry, Alvan Macauley is an able publicist. He did not primarily urge the purchase of a Packard or any other motor car. He did indict idle money. He cited the well-known statistics of raw materials consumed by the motor industry to show that "the motor car dollar will go more places more quickly, and affect more people for quick relief than any other dollar. ... It can well become the 'self-starter' for better business and greater prosperity...
...Commission, sympathetic, said it would consider the plea. A long series of hearings began. Testimony was taken in all parts of the country. Final arguments will begin in Washington Sept. 19. There have been many protests from farmers, from mine owners, from all producers of raw materials which must be transported. But informed opinion was that the carriers must have relief and that the Commission would grant at least a 12% increase...
...depressed the U. S. feather industry. So low did prices sink that even ostrich feathers, an aristocrat of the group, were being stuffed into pillows and mattresses. During the last few months, however, a great revival has been started by the feather-capped Empress Eugenie hats (TIME, Aug. 3). Raw ostrich which recently brought $15 a pound last week fetched $50 to $60. Lesser feathers showed equally heartening gains, except for the duck division. So overproduced are duck feathers that last week a Long Island dealer in them asked the State Department if a sale to Germany could...
...Governor decided that the time was ripe to raid some of the music halls on the Paralelo, Barcelona's trolley terminus and rowdiest thoroughfare, at the foot of towering Montjuich. Here, he had been informed, female entertainers were celebrating the liberty of the Republic by dancing in the raw. Po licemen looking strangely British in scarlet tunics and blue helmets, swooped down on the Moulin Rouge and the Royal Concert.* There was no objection until word was passed that two rival establishments, the Apollo and Pompeii, were undisturbed. Managers, customers, girls and waiters went out to battle. Beer bottles...