Word: weekes
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Dates: during 1930-1939
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...overproduction and price-slashing, talked about choosing some Tsar to rule them. Generally favored for this position was Secretary of Labor James John Davis who has studied conditions in the industry and made suggestions that pleased the manufacturers. While to date little has come from this meeting, last week a deal took place which was widely looked upon as the first of many moves aimed at placing the Paperboard Industry upon its feet...
Goodrich-Miller. Suffering from lower crude rubber prices and competition, Miller Rubber Co. of Akron has not done well since 1926. Last week another Akron company, B. F. Goodrich Co. (Silvertown Cords), proposed a merger. Chief Miller products are tires (Miller De Luxe Balloon: "The tire sensation of a decade"), but the company also makes a complete line of rubber goods. Another recent step in Goodrich expansion was the acquisition of Hood Rubber Co. (TIME, Sept...
Philadelphia Banks. A merger was proposed last week between Integrity Trust Co. and Market Street Title and Trust Co. Combined resources of the new bank would...
Cleveland Banks. In 1920 the American Brotherhood of Locomotive Engineers formed Engineers' National Bank of Cleveland, one of the first labor banks in the U. S. Last week it was announced that Engineers' National would be one of three banks to be purchased by Citizens Bank and Trust Co., now being organized. Sale of Engineers' National is in accord with the Brotherhood's recent decision to retire from active banking. On the Pacific Coast, Brotherhood banks in San Francisco and the Northwest have been bought by Calitalo Investment Co., a holding company. With the passing...
Container Corp. Robert Gair Co. is the leading folding-box maker. Container Corp. is dominant in containers, has boxboard mills with a capacity of 1,200 tons per day. Last week Container Corp. absorbed the $5,000,000 Sefton Mfg. Corp., whose products include folding-boxes. Through this deal Container Corp. became a complete unit in the industry, in a position to expand until it becomes "the U. S. Steel of Paperboard companies." Although many more mergers must take place before such a centralization can be effected, paperboard makers hope it will happen, believe that such is the desire...