In General

Memorable, last week, was the completion of the merger of Dodge Bros., Inc., with the Chrysler Corp. (TIME, June 11), largest consolidation in automobile history. Memorable in the history of Wall Street, Grand Canyon of the G. O. P., was the unfurling, last week, of the first Democratic campaign banner "in 44 years. Truckman James J. Reardon, Al Smith musketeer, inspired the display. The Lower Wall Street Business Men's Organization* sponsored it. Memorable for employes, stockholders, of the General Motors Corporation, its divisions, subsidiaries and affiliated companies, were announcements of record profits, record employe insurance (see P. 34). Memorable, also, was the test of an oil well owned by the Skelly Oil Co. in the Hendrick Pool, Winkler County, Texas. Estimating its flow at 900 barrels an hour, officials hailed the gusher as the country's largest. Memorable was the rise of retail beef prices in Chicago, bringing porterhouse to 80 and 90-c- a pound, sirloins to 45 and 55-c-, rounds to 40 and 45-c-. Butchers foresaw, with alarm, a possible return of the wartime porterhouse price of $1 a pound.

* Reporting the incident, the Republican New York Herald Tribune was constrained to explain: "The lower end of Wall Street is not of quite the same character as the upper end,"