President Albert Russel Erskine of Studebaker Corp. tantalized holders of Studebaker motor car stock at their annual meeting last week. He told them that already this year their workers had produced 30,000 Studebakers and 7,427 of the new Erskines. Said he: "Studebaker cars are regaining the popularity they enjoyed in 1922 and 1923." This encouraged the stockholders, for although production records were highest in the company's history, profits for the first three months of this year were less than for the same three months of 1926.
Then President Erskine teased his stockholders by...
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