Word: planned
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Dates: during 1920-1929
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Briefly, the Prime Minister announced that on Nov. 1, 1928, the Empire will abandon its six-year-old program of attempting to force up the world price of rubber by curtailing the supply. This program, the so-called Stevenson Plan, went into effect in 1922, when crude rubber stood at 17? a pound, and bounced the price up within three years to $1.21. That meant bonanza profits for British plantations. Why then is the Stevenson Plan about to be scrapped...
...quiet among disgruntled British rubber men. They established a price which hung close to 10¼ pence per pound, virtually the equivalent of the U. S. average price of 21 cents (since one pence equals two cents). Londoners, therefore, had ample time to ponder and explain why the Stevenson Plan will be scrapped...
...plain fact is that the plan has progressively failed of its purpose. True it sent rubber up to $1.21 in 1925; but in January 1928 the price had declined...
When large purchases of the common stock of Harry F. Sinclair's Consolidated Oil Corp. were made in Manhattan, last week, by an undetected buyer this person was rumored to be Motor Man Ford. Before the Majestic sailed, however, Mr. Ford declared unequivocally, "I do not plan to purchase any new industries or purchase any more motor car companies in the near future. My hands are pretty full...
Charles R. Flint (Flint & Co., Manhattan), newly-married merger impresario, sent inspectors to 206 southern yarn mills. On the basis of inspectors' reports, he made overtures to 140 chosen mills, whose owners, announced Flint & Co. last week, offered "close cooperation, feeling that the plan was sound and for the good of the industry." When, as, and if the Flint merger is effected, he will borrow from the public some $50,000,000, for additional working capital, and will set operating as one industrial unit some 1,500,000 spindles. Yarn will be furnished more cheaply than ever before (said...