DailyTimeCapsule brief
August 27, 1935
On August 27, 1935, the Continental Steel Company and its subsidiaries reported a significant financial gain, earning $481,978, or $1.69 a share, compared to $280,153 the previous year. This sharp increase in earnings reflected a broader recovery in the American steel industry, which had faced severe challenges during the Great Depression. Meanwhile, in aviation, Hayward maintained his lead in the ongoing Air Derby, showcasing the era's fascination with aviation and competition. Additionally, in Harrison, New Jersey, a kitten trapped for five weeks was dramatically rescued by police, firemen, and the ASPCA, who cut through a house wall to free the animal, capturing public interest and goodwill amid the economic struggles of the time.
Key developments
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On August 27, 1935, Continental and its subsidiaries reported a significant profit increase for the quarter ending June 30. They earned $481,978, translating to $1.69 per share, compared to $280,153 in the previous year. This sharp gain highlights the company's recovery and growth during the Great Depression era.
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On August 27, 1935, pilot Hayward continued to lead the Air Derby in Abilene, Texas. The Air Derby was a notable aviation race showcasing the skills of various pilots. Hayward's consistent performance solidified his position as a frontrunner in this competitive event.
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PRISONER 5 WEEKS, KITTEN IS FREED; Police, Firemen, A.S.P.C.A. Cut Through House Wall in Harrison, N.J., for Rescue.
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