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While Mr. Bennett was making his "bone-shaped" dog food and W'heatsworth's whole-wheat crackers, the tung trees in Florida grew tall, bore fruit. A group of important paint & varnish makers, in whose business the oil is a main raw material and whose purchases of it from China are a large part of the $15,000,000 worth imported by the U. S., grew interested. In 1924 they formed American Tung Oil Corp. to start a 225-acre grove. Sherwin-Williams, Valspar, du Pont, Devoe & Raynolds, Pratt & Lambert and Benjamin Moore & Co. were among the experimenters...

Author: /time Magazine | Title: Business & Finance: Florida's Tung | 6/6/1932 | See Source »

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