STATE OF BUSINESS: Facts & Figures, Dec. 27, 1948

Back Talk. Armour & Co.'s Chairman George A. Eastwood had an answer to the Government's charge in an antitrust suit (TIME, Sept. 27) that meat packers had conspired to keep prices high, and thereby assure high profits. Because of the ten week packinghouse workers' strike and the upsurge in livestock prices last spring, Armour & Co. will wind up the year with a $2,000,000 loss on close to $2 billion in sales.

New Copilot. After 13 years as boss of Curtiss-Wright Corp., Guy W. Vaughan, 64, shifted some of the load to younger shoulders. As oldtime airman Vaughan moved to board...

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