Business: Lima Fare

More than almost any other, the business of making locomotives is either a feast or a famine. Lima Locomotive Co., third largest in the U. S., feasted in 1937 when it made 101 locomotives at a profit of $1,019,983, first since 1930. Last year Lima got along on beans—it made ten locomotives and lost $687,035. This year Lima is dining a little less frugally—it got an order for twelve locomotives in February. And last week Lima had a new face at the head of its table. Vice President John E. Dixon became president in place of Samuel G. Allen, who remained...

Want the full story?

Subscribe Now

Subscribe
Subscribe

Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on TIME.com

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!