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Commodity prices were the week's gloomiest news. Sugar sold at an all-time low of 1¢ a Ib. when Cuba's crop was estimated at 3,061,000 tons, about 800.000 more than expected. Copper sold at 6? for export, a record low, while domestic sellers offered it at 6¼, equal to the bottom price, and one offered to throw in 50 shares of Anaconda or Kennecott with each 1,000-ton purchase. Rubber (of which there is reputedly a 16-month supply in the U. S.) plunged through its old low of 4.1^ per Ib., when the February...

Author: /time Magazine | Title: Business: Index | 2/15/1932 | See Source »

...inquiry, demanded by Navy-heckling Representative James V. McClintic of Oklahoma, was concerned with the fact that the Akron was 19,181 Ib. overweight and 3 m. p. h. underspeed, and with the McDonald-Underwood charges that her frame was loosely riveted and contained defective metal...

Author: /time Magazine | Title: Aeronautics: Akron's Worth | 2/8/1932 | See Source »

...Firestone for many years. Now he is affectionately known to everyone as "J. W." just as Mr. Firestone is called "H. S." Mr. Thomas was a good football player, still plays around Akron golf courses in the low 80's. He is still hard boiled. His 200 Ib. are carried on a tall, powerful frame. Across a desk his piercing grey eyes make many a junior executive quake as he gets off his favorite saying: "Things don't just happen. You've got to make them happen." On the desk is a card with three questions...

Author: /time Magazine | Title: Business & Finance: New President | 1/25/1932 | See Source »

Last week a big ship (the Berengaria) entered a big port (New York) carrying a big man (6 ft. 6 in. and 240 Ib. avoirdupois). He was a man who a year ago established probably the most comprehensive cartel ever set up to rescue a world industry from destruction by overproduction. Now, almost a year later, the industry is beyond all question far worse off than before; from opposite sides of the globe rumble ominous rumors of the cartel's imminent dissolution. Last week the man-Thomas Lincoln Chadbourne-on the deck of the Berengaria announced: "I am quite...

Author: /time Magazine | Title: Business & Finance: Fable in Sugar | 1/25/1932 | See Source »

...production by one-third, a surplus of 1,540,000 tons. Java, which a year ago had a surplus of 700,000 tons, is likely by the first of April to have a surplus of 1,400,000 tons. And the price of sugar (Cuban raw) is 1.14? per Ib. compared to 1.38? a year ago. All because the world used still less sugar in 1931 than...

Author: /time Magazine | Title: Business & Finance: Fable in Sugar | 1/25/1932 | See Source »

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