Word: engelhard
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Dates: during 1930-1939
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...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...
Fifth in volume, first in prestige, is famed Steinway & Sons, now run by three grandsons and three great-grandsons of Founder Henry Engelhard Steinway. Among the Steinways shown this year was its new $885 model, designed to do for the company what the medium-priced Packard 120 has done for Packard motor. Last week in Chicago, Steinway's ace front man, baldish Roman de Majewski, suavely entertained buyers with the champagne that Steinway always serves. Disdaining most of the convention's activity, President Theodore E. Steinway failed to show up for the final banquet...
...Since 1850 when Heinrich Engelhard Steinweg left Germany to set up business in New York, the House of Steinway has been a closed corporation, run by men who were either Steinways by birth or marriage. The first piano Heinrich made had two strings. He gave it to his wife for a wedding present...