Word: crude
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Straightforward military technological improvement has proceeded apace in some fields, especially the speed and versatility of tanks, the accuracy of aerial bombing, the range and speed of airplanes. Yet the most effective innovation of the Spanish civil war was a crude anti-tank weapon- bottles of gasoline wrapped in burning rags which were hurled at Insurgent tanks by Loyalist infantry. And the record for long-distance artillery fire is still held by the monster guns with which, during World War I, the Germans shelled Paris from a wood 70-odd miles away...
...many a holder of wheat and sugar pulled out of the market, determined to hang on to his investment for still higher prices. As a result many buying orders were unfilled. Hides and lard boomed as they had not done since World War I, copper was up to 10, crude rubber up 2.28 to 18.9, highest since 1937. Next day, permissible limits were hit again. In two days untabulated millions of bushels of wheat changed hands. Brokers saw in World War II a drain down which the U. S. could pour its back-breaking crop surpluses at a handsome profit...
...years President Litchfield has personally done Goodyear's rubber shopping, still gives it 20 minutes to an hour a day. He carries the industry's biggest market basket, for Goodyear buys about 14 2/7% (the United States from 30% to 50%) of the world's crude rubber. With only about 10% of Goodyear's requirements produced by Goodyear's own plantations, he must gamble more heavily than his competitors on war or peace as well as recovery or depression when he goes to market. In the spring of 1937, when commodity prices threatened...
Next day, having failed to up the price of gasoline, Harry Sinclair turned to his May alternative: Sinclair-Prairie Oil Marketing Co., another Consolidated subsidiary, cut its posted buying price for crude oil 20? a barrel...
...State made a bold answer: Texas shut down 87,600 wells for 15 days, cutting off production of some 1,300,000 barrels daily. Texas' objective: to force up posted prices-no easy job with gasoline stocks at the thumping total of 76,431,000 barrels and crude pouring into the refineries from other fields...