Tire prices were fixed just before Jan. 1 at about 40% higher than prevailed last summer. Last week two large manufacturers announced reductions. The list of the United States Rubber & Tire Co. dropped 10% on first line tires, 3½% to 7½% on second line makes. President Harvey Firestone of the Firestone Tire & Rubber Co. ordered a 5% to 12% abatement in his first line prices as of Feb. 1.
...
To continue reading:
or
Log-In
