Business: Hahn

Sound investment advice is this: Watch new industries; determine which company is going to dominate the new field; then buy as much of the common stock of that business as your nerve permits. There is always a new industry or type of business. One was foreshadowed last week when Lew Hahn, famed head of the National Retail Dry Goods Association, said: ". . . some day there may be in the field of retailing a distributing enterprise as great as the United States Steel Corporation is in the field of production."

Concurrently he resigned from...

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