Business: Gloomy Singer

Habitually gloomy on the subject of world trade is Singer Manufacturing Co.'s venerable President Sir Douglas Alexander. At annual stockholders' meetings held in Manhattan by Singer in September, because it takes accountants eight months to make a report on Singer's outlandish business, Sir Douglas has seldom beamed since Singer lost $106,000,000 in the War ($84,300,000 in Russia). Black depression crept into Sir Douglas's cultivated voice in September 1933, when he had to report that Singer profits in the preceding year hit a low of $2,412,698. Last week Sir Douglas gave Singer stockholders the...

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