Seven years ago last week the stockmarket crashed as it had never crashed before, bringing the New Era to a disastrous, disillusioning end. To date the end of Depression was not so easyregardless of this week's election results (see p. 23). For convenience, however, financial pundits fastened upon a symbolic day and hour when, if something happened, they could say that bad times were over. That something was restoration of full preferred dividends by U. S. Steel Corp., world's largest private industrial enterprise, world's largest employer of industrial labor. Last week the...
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