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...Russian supply, sharply increased the demand, for platinum is used not only as a catalyst in the manufacture of nitrates and sulphuric acid, but also in the detonating devices of shells. In the U. S. the Wartime price was fixed at $105 an oz., and newly developed deposits in Colombia could not fill the demand. After the War, when price-fixing ended, platinum rocketed above $170. Then in the early 1920's new platinum deposits were discovered in South Africa and in the late 1920's it began to be recovered in Canada's nickel mines...

Author: /time Magazine | Title: Business & Finance: Platinum Boom | 9/7/1936 | See Source »

...gold in circulation. They guess that there may exist 6,000,000 oz. of platinum. They have only a rough idea how much is being produced-it may be 300,000 oz. a year-and no one is sure whether the leading producer is Russia or Canada. Colombia and South Africa produce nearly all the rest. The U. S. piddles along with a couple of thousand ounces. Biggest platinum consumer is the U. S. What the rest of the world consumes is wholly guesswork...

Author: /time Magazine | Title: Business & Finance: Platinum Boom | 9/7/1936 | See Source »

...market for platinum is controlled by the selling agencies of a few producers. The big producers in Canada, Colombia and South Africa sell directly to the trade and to jobbers through a handful of agents such as Johnson & Matthey of London and Charles Engelhard, head of Baker & Co. of Newark. Russia sells through Amtorg. With this small field of big sellers and an unorganized field of small buyers no one could tell whether the recent platinum boom was caused by a rush of buying or a reluctance to sell. Last week the air was full of conjectures. Least ominous guess...

Author: /time Magazine | Title: Business & Finance: Platinum Boom | 9/7/1936 | See Source »

...Extraordinary and Minister Plenipotentiary to Denmark and Iceland Mrs. Ruth Bryan Owen married a Danish subject, Kammer-junker (Gentleman-in-Waiting) Captain Boerge Rohde (TIME, July 20). On this attractive recommendation, Denmark last week drew a second woman minister when Mexico transferred its Señorita Palma Guillen from Colombia to Denmark...

Author: /time Magazine | Title: DENMARK: Madam Minister No. 2 | 8/24/1936 | See Source »

...marrying Madam Minister Owen, pious Colombians made suave, energetic Spinster Guillen's life miserable after she ventured to deny officially that her Government persecuted the Catholic Church. Too late a Colombian newspaper editor reminded his churlish readers: "Señorita Guillen has said many nice things about Colombia and refused higher posts in the U. S. and Europe because she preferred Colombia...

Author: /time Magazine | Title: DENMARK: Madam Minister No. 2 | 8/24/1936 | See Source »

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