Business & Finance: Tire Gloom

Since the great days of 1919, booms and depressions have come and gone, but the tire business has remained overbuilt and generally unsatisfactory. Gradually the common dividends of the rubber companies have been suspended, and recently an acute attack of cutting preferred dividends has set in. U. S. Rubber has valiantly paid on its 8% preferred issue, but evidently with much effort. Now Kelly-Springfield has passed to 1½% quarterly installment on its 6% preferred stock, and the stock-holders must in viewing the company's immediate future be stout optimists to obey the classic injunction...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!