Word: gypsum
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...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...
...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...
...name of Baumhogger acquired a less unusual distinction. He became the third Montgomery Ward man to head a big building material company. The others are Ward's Chairman and President Sewell Lee A very, who is also President of U, S. Gypsum Co., and Johns-Manville's President Lewis H. Brown, who was once Ward's assistant general operating manager of all plants. Walter Gilbert Baumhogger resigned from Ward's last August "for no particular reason" after a successful six-year job as vice president in charge of retail stores. Last week he was elected president...
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...
...Unlike its big neighbor, Montgomery Ward, it was shackled to no failing chain stores, but it was as badly off as Ward's in its ineffective merchandising methods. Spiegel's needed brains. For $100,000 a year, Ward's acquired this necessity from U. S. Gypsum Co. in the person of Sewell Lee Avery. Spiegel's found it in the family. Modie Joseph Spiegel Jr., ten years out of Dartmouth, had been making money in the apparel department when most other departments were falling fast. Big, jovial Board Chairman "M. J. Sr." gave...