Memorable, last week, was the midyear statement of American Locomotive Co., made public by Chairman William Hartman Woodin, recent Smith convert. Net profits for the first six months of 1928 were $1,502,702, as against $2,485,784 in 1927. "Locomotive buying," said Chairman Woodin, "is at a low ebb."
Memorable for U. S. tourists in England was the declaration of Charles A. Penn, vice president of American Tobacco Co., that a factory will be built in England to manufacture American cigarets at low prices.
Memorable was the defense of the penny as a buying unit by Emile...
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