Word: lumbers
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...this meant that automen had to keep a sharp lookout too. Their suppliers-processors of steel, lumber, textiles, etc.-are pretty well covered on their raw material needs into the first quarter of 1941. But if pressed too hard by a booming auto industry these suppliers might suddenly decide that the twin-motored Defense and consumer boom is heading them into inventory trouble-trouble, for once, on the short side. In that case, they might all jump into the commodities markets together, attempt to stock up for capacity operations through the end of 1941. Such a forward-buying movement would...
...Manhattan's Surrogate's Court appeared a Mrs. Estelle Lynn Werner to sue the estate of Daniel J. Leary, late lumber baron, father of international bachelor-girl Cosmopolite Beth Leary, for $1,750,000 in securities which she claimed was given her in token of "our beautiful friendship." Commented Leary's executors, replying to her suit: "Baseless . . . utter fraud typical of the immoral . . . relationship out of which it has grown...
...child's mother, beauteous, 26-year-old Countess Jane de Tristan (heiress as Jane Christenson to West Coast shipping and lumber fortunes), waited for the second letter. None came. Police kept hands off, to allow Louis S. Gates, the Countess' stepfather and president of Phelps-Dodge Corp., to get in touch with the kidnapper. But 24 hours went by and nothing happened. The hours were black and long for the de Tristans...
Boom leadership was definitely passing to the capital-goods industries last week. Heavy construction awards for defense continued to appear steadily, and residential awards taxed lumber mills. In the offing were new records-and reduction in their unused reserve capacity-for the utilities (selling current at a new, still rising 1940 high) and the railroads (weekly loadings: 804,309 cars, 4,000 above...
...American Chemical Society convened in Detroit last week, Professor Ernst Berl of Pittsburgh's Carnegie Institute for Technology made an astonishing announcement. He said he had made, experimentally but successfully, oil, coal, coke and asphalt from grass, leaves, seaweed, sawdust, scrap lumber, corn, cornstalks, cotton...