Word: ibs
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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...
...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...
...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...
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...
...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...