Word: gypsum
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Dates: during 1930-1939
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...Ferguson Co. of New York and Cleveland has built plants for such firms as General Foods, Pittsburgh Plate Glass, General Electric, U. S. Gypsum, Armstrong Cork. When new building dried up six months ago it sent out 2,200 questionnaires to executives in all types of industry except railways and utilities. Last week it announced that 275 firms, of which only 25 were big, had admitted holding up nearly $200,000,000 worth of industrial construction. Reasons given: 72% blamed the undistributed profits tax, most of the rest blamed uncertainty over Government policies, a negligible few feared labor troubles...
...schooner, the Gypsum Queen, sank off the Irish Coast during a storm. The crew took to boats, were picked up by a freighter without loss of life. Fifteen years later the owner and captain, Freeman Hatfield of Nova Scotia, bobbed up with the story that the Gypsum Queen had been torpedoed by a German submarine. He claimed indemnity and in 1931 finally got from the Canadian Government $71,276,72. Year later Captain Hatfield abandoned the sea, went to the U. S.. opened a small chicken farm in Candia, N. H. An old seafaring friend of his lived there...
...December 1934 police officers marched up to the door of Captain Hatfield's chicken farm, arrested him. The Canadian Government had at long last discovered that the Gypsum Queen was not torpedoed but had foundered in heavy seas. It charged Captain Hatfield with larceny and obtaining money under false pretenses, asked for his extradition. For more than two years Hatfield was held in jail at Manchester while he fought extradition...
...sold off from a high of $126 per share to a low last week of $93. Chrysler was down from a 1937 high of $135 to $106; Radio from $12.75 to about $8.75; U. S. Rubber from $72 to $52, Nash-Kelvinator from nearly $25 to $18; U. S. Gypsum from $137 to $107; General Electric from $64 to $50. Even such a symbol of stability as American Telephone & Telegraph was off 24 points from its 1937 high ($187). Railroad issues alone have demonstrated any real resistance to the market trend, the Dow-Jones rail averages still being well above...
Certainteed is the third largest U. S. manufacturer and distributor of gypsum products, chief of which are ordinary wall plaster and wallboard. Its name was derived in 1917 from a trade-mark for the asphalt roofing which was its original product and is still its mainstay. Its weakness was a result of boomtime expansion which culminated in the purchase of Beaver Products, makers of Beaver Board and "Bestwall," original gypsum wallboard, in 1928. To acquire Beaver Products the company had to issue $13,500,000 in bonds, thus simultaneously gearing up productive capacity and enormously in creasing its burden...