Word: gumming
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Dates: during 1930-1939
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...piece of their rubber into a bottle of kerosene, left it 72 hr. When it came out it was still rubber, retained more than half its original strength. (A piece of real rubber immersed 72 hr. in kerosene comes out act- ing like a piece of chewing gum...
Long ago last spring, the Vagabond read of the various college rackets: pilfering of books from the library, the passing of worthless checks upon unsuspecting parents. But not until last Saturday, as he drove between West Point and Poughkeepsie, did he know that chewing gum was a subject for profiteering. It seems that during the present Vassar quarantine, the girls have no source of purchasing this delicacy. So the Vagabond entered a likely looking A & P, and for 67 cents invested in twenty packages of Wrigley's best. Then, with wonderful business ideas seething through his head, he offered them...
When cotton was selling for 10, per Ib. early in April. William Wrigley Jr., Chicago gum tycoon, thought it looked like a good investment. He announced he would buy 200,000 bales with the proceeds of his gum sales in the South (TIME, April 13). Last week cotton hovered just above 6? per Ib., which meant that Gum Man Wrigley had so far sustained a 40% paper loss. But 6? cotton looked like a good investment to another Chicagoan. Edward Aloysius Cudahy Jr., president of Cudahy Packing Co. More cautious than Gum Man Wrigley, Meat Packer Cudahy announced that...
...Department of Agriculture officials hotly defended as "reasonably accurate" their 15,584,000 bale crop estimate.* Prices sank to the lowest level since 1899. If they went any lower William Wrigley Jr., who has taken a heavy loss on his bargain to buy cotton with the proceeds of his gum sales in the South (TIME, April 13), threatened to use cotton instead of excelsior to pack his product...
...Food companies held up well. General Foods (Postum, Log Cabin Syrup, Cheek-Neal Coffee, Frosted Foods etc.) showed $10,167,000 against $10,629,000. Beech-Nut Packing (bacon, chewing gum, also a hotel in Rochester, N. Y.) reported $1,172,000 against $1,320,000. Hershey Chocolate's $4,718,000 stood against $4,253,000. During the June quarter William Wrigley Jr. Co. showed a sensational gain from $2,365,000 to $3,057,000. International Salt's first six months' $399,000 compared with last year...