Business: 10?? Cotton

While President Hoover last week discussed with U. S. tycoons in Washington the grand strategy of his offensive against the Depression (see p. 9) these tactical sorties were made:

¶ Chairman Myron Charles Taylor of U. S. Steel Corp. ordered $5,000,000 expended on plant renovation in anticipation of an autumn revival in the steel trade.

¶ Chairman James Henry Rand Jr. of Remington Rand, Inc. (office equipment) informed Secretary of Commerce Chapin in an open letter that he had instructed his purchasing department to buy immediately $4,500,000 of...

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