Business & Finance: Radiator & Snowball

As heavy a corporate name as any in the list of heavy industries is American Radiator & Standard Sanitary Corp. At the end of last year this $150,000,000 heating & plumbing company was operating at 88% of normal (1926). A $20,000,000 annual profit in 1929 had turned to a string of deficits. Last week, however, in a voice which could certainly be heard as far as Washington. Board Chairman Clarence Mott Woolley roared to a reporter in his great black & gilt Manhattan headquarters:

"We are filled with gratitude to the Government. Men in...

Want the full story?

Subscribe Now


Learn more about the benefits of being a TIME subscriber

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