Word: prices
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Dates: during 1930-1939
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Buick has added two new series to its four stand-by straight-eights, claims 70 new mechanical achievements. It is lower, bolder-curved. Down in price from $17 to $281, it sells for $895 to $2,199 (lowest price range in company's history). Standard on some models are front & rear safety direction signals...
...Scrap. Fourth quarter steel earnings will not be as lush as production because sheets will be going at June's cut prices until Jan. 1. And there is a menacing squeeze in raw materials. September pig iron production rose only 12% because blast furnaces for making pig iron are in worse shape than furnaces for smelting steel ingots. Quick to profit from the scarcity of pig (price $22.50) have been the railroads and other sellers of its rival raw material, scrap, who have put the price up to $26 a ton (Aug. 31 price: $15.25). At $26, sheet mills...
...copper, which the Allies have passed by in favor of purchases from African, Chilean, and Canadian sources; Germany, in favor of Balkan metal. In September copper sales had set an all time record (183,627 tons). Copper sellers sagely guarded against White House strictures on profiteering by stabilizing the price at 12? a pound. They guarded against overproduction by rationing customers. By the beginning of October sales had gone as low as 4,000 tons a day from a September peak...
...their innings, were content to give their customers a chance to work off the loads bought in July and September. Not so Phelps Dodge's Louis Gates, whose customers left him high and dry last spring (TIME, May 22) when he refused to follow his competitors' price cut to 10?. Last week poker-playing Gates showed that he believes in flexible prices-on the up side. He posted a price of 12½?, panicked consumers to come back into the market for more inventory. Reluctantly Kennecott and Anaconda, both with lower costs han Phelps Dodge, followed the price...
Such an issue, of course, has been furnished in Europe. Never more unanimous was any group of students on any single issue; we are frankly determined to have peace at any price. We refuse to fight another balance of power war. We intend to resist to the utmost any suggestions that American intervention is necessary to "save civilization" or even to "save democracy and freedom". The newly formed American Independence League promises to express this determination in a constructive and vigorous fashion...