Business: Tires to War

Wanting a little more trade for himself, a retail tire dealer in Cleveland shaded prices slightly one day fortnight ago. Another dealer learned about it, shaded his prices a trifle more. The movement spread quickly throughout the city. By evening tire prices had been slashed as much as 56%. All dealers did a roaring but highly unprofitable business as private owners and truck fleet operators jammed in to buy tires for the next two or three years. Next day the big Akron rubber companies wired stern orders for the skirmish to cease. Back...

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