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...chemists in Germany, Britain and Canada converted the idea into an industrial fact. Finely powdered coal is made into a paste by mixing with tar or a tar derivative, the mixture fed into a heavy steel cylinder. At 840° F, hydrogen gas is brought in under 3,700 Ib. per sq. in. pressure. The hydrogen combines with the carbon or carbon compounds in the coal...

Author: /time Magazine | Title: Science: Men & Molecules | 9/21/1936 | See Source »

...Osaka, caught their breath, figured furiously, sent cables. After 20 minutes when trading was resumed in Manhattan, brokers' hands were full of large and small orders from all over the world. Before noon anyone could have bought U. S. cotton for future delivery at about 11 ½ ? Ib. An hour later none could be had under 12?, a difference of $2.50 a bale...

Author: /time Magazine | Title: Business: Wrong Guess | 9/21/1936 | See Source »

Oscar Johnston is the bulky, crinkle-eyed manager of the British-owned Delta & Pine Land Co.. whose 10,000-acre cotton plantation is the largest in the world. This year Mr. Johnston is getting 575 Ib. to the acre of "strict middling" cotton which he sells at a premium over the market price. He gets along well with his 3,000 Negroes, wants to keep them. Newshawks therefore crowded around him last week to hear what he thought of the mechanical menace. Grower Johnston was skeptical but not scornful...

Author: /time Magazine | Title: Science: Picker Problems | 9/14/1936 | See Source »

...when dairymen's lobbyists got a 3? a Ib. tax on coconut oil and other imported oils suitable for oleomargarine, they completely overlooked babassu. What was worse, the State Department in February 1935 concluded a trade agreement with Brazil promising to impose no tariffs on the babassu nut or its oil for three years starting...

Author: /time Magazine | Title: Business & Finance: Hold Your Milk! | 9/14/1936 | See Source »

Closer to home were graver distractions. Butter prices were skyhigh. New Yorkers at Buffalo, where butter was selling at 37? per Ib., were crossing to Fort Erie, Ont., buying the stuff for 24? per Ib. in spite of a vigilant campaign by U. S. customs agents against butter-legging. High butter prices did not indicate prosperity for Bossy's boss. On the contrary, drought has parched pastures of New York's great Mohawk Valley, sent feed prices up as much as 70%. Hard as it might be on city folks, it looked as if the dairyman would have...

Author: /time Magazine | Title: Business & Finance: Hold Your Milk! | 9/14/1936 | See Source »

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