Deep was the dent made by the collapse of crude rubber prices in the 1928 earnings reports of U. S. tire companies (TIME, Aug. 27). Had January-June deficits been continued into the end of 1928 and 1929, many an Akron executive must have felt it his duty to warn his family that a Spectre loomed not far ahead.
Last week, Akron households could prudently rejoice that the Spectre was averted. Complete figures for 1928 showed low profits, heavy losses since 1927. But the figures also showed that the corner had been turned, that staggering...
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