Word: fisher
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Dates: during 1930-1939
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...Memphis, 500 hardwood lumbermen assembled in a hot session of their Institute to hear not their best customer but the lumbermen themselves attack price-fixing. More notable, the meeting was largely concerned with a single order? some 30,000,000 to 50,000,000 ft. of hardwood for Fisher bodies...
General Motor's Fisher Body Corp. is the largest consumer of hardwood in the U. S. It requires between 300,000,000 and 400,000,000 ft. annually. With furniture and building in the dumps, a small slice of an order by Fisher will keep an average mill operating for months. Yet the Hardwood Code allows no discount on even the whopping Fisher orders...
...every one should know, GM made $1,000,000 less in the second quarter of 1934 than in the same period of 1933 although its sales were $100,000,000 more. President Alfred Pritchard Sloan Jr. flatly announced that costs must be cut. In August when Fisher Body was ready to buy lumber, its purchasing agents told the hardwood manufacturers something like this: "We cannot afford to pay $66 per thousand ft. of oak. We know that is the minimum price established by your code authority but we can pay only $60. We know and you know that $60 will...
Knowing that they could indeed make a profit at the Fisher figures, 62 concerns gladly divided the huge order. Bartlett C. Tully of Anderson-Tully Co., one of the biggest hardwood units in the hardwood capital of Memphis, made haste to resign from the code authority because he shared in the Fisher order. Recruiting hundreds of allies the 62 defiant companies then asked the code authority to abolish price-fixing. Last week after the Memphis pow-wow their petition was flatly denied. NRA Deputy Administrator E. A. Selfridge threatened to crack down, declaring that the Department of Justice was ready...
...Edwin Fisher Ringer, aged 18, of South Minneapolis, Minn., graduate of the Blake High School, Minneapolis. He was the leading school debater, was managing editor of Blake publications and secretary of the Blake Union. He is the son of Walter M. Ringer, machinery manufacturer. He intends to become a lawyer...