Word: corning
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Dates: during 1930-1939
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...Diligent searchers find tidbits of information which indicate how families grouped into tribes, tribes into peoples; how man progressed with his domestic utensils, from woven baskets to turned pots, from animal skins to woven clothes; how simple natural science became supernatural religion; how man's learning to cultivate corn required his settling clown on his tilled fields, how the settlements became teeming cities...
Exempt from this may be some commodities (perhaps wheat and corn), some manufactured goods and a variety of miscellaneous products (flour, cement) which have foreign competition. The actual increase to the roads might be nearer 6% as measured by gross freight revenues. And the Commission moves slowly; Depression continues; many months must pass before any increase can be translated to earnings. Hence a nervous psychology has developed in the minds of investors toward rail bonds. Part of this psychology has been due to misunderstanding of newspaper headlines saying that many rail bonds may soon be "illegal...
...Corners," as every one knows, are forbidden on most civilized stock and commodity exchanges. Not so the "squeeze," which approaches a corner without actually turning it. Last week the corn pit of the Chicago Board of Trade, slumbering in the doldrums of depression, was stirred to humming life by a squeeze worthy of the late great Benjamin P. ("Old Hutch") Hutchinson himself. Thomas Montgomery Howell, a wiry, taciturn La Salle Street grain broker who is picked by many to fill the big shoes left empty when Arthur William Cutten moved up to Winnipeg (TIME, Jan. 26), was the squeezer. Many...
...began several weeks ago when Trader Howell remarked, "If corn isn't worth more than 50 cents a bushel, I'm willing to lose money buying it." He bought, mostly around that price, until early last week he was reported to have 70% of the visible corn supply in his possession (5,000,000 bushels out of a total supply of 6,813,000). By the morning of July 30 deliveries were pouring in to him, and 157 carloads of corn were standing on the tracks consigned to the firm buying for him. The shorts, whose July contracts...
Resinox. For several years Corn Products Refining Co. has been experimenting with a rubberish byproduct, contemplated forming a separate company to develop it. It found that Commercial Solvents Corp. had a wholly owned subsidiary, Resinox Corp., whose research was along the same lines. Last week Corn Products announced it had bought "a substantial interest" in Resinox, would pool data on synthetic resins. This is not the first liaison between the two companies: George Monroe Moffett is president of Corn Products, director of Commercial Solvents. Commercial Solvents sells corn by-products to Corn Products. And Corn Products is rumored...