Word: gypsum
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...Gypsum...
...largest U. S. plaster maker and one of the largest concerns in the building industry is U. S. Gypsum Co. and last week in the annual meeting of Gypsum stockholders, Chairman Sewell L. Avery took occasion to crack back at Franklin Roosevelt. Reading TIME'S account of the President's lecture aloud to some 50 Gypsum stockholders assembled in Chicago, Chairman Avery declared that Franklin Roosevelt had been misleading in his comparison of 1938 with 1929. In 1929, said Mr. Avery, plaster prices were drastically low because of a savage price war. Today Gypsum's average prices...
...Easy credit will not be an inducement to build homes which when built will not be worth what they cost." According to Sewell Avery, building represents a wide cross section of all U. S. industry and therefore will not revive until business as a whole regains confidence. In Gypsum's case, January and February sales were 25% under last year and the company is therefore unlikely to equal the $5,400,000 it made in 1937. This made Chairman Avery very bitter. Turning lecturer in true Rooseveltian style, he too presented a price chart, but he held it upside...
...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...
...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...