Word: rubber
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Dates: during 1930-1939
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Brokers in linen jackets milled curiously around the four brand new rings of the Commodity Exchange-rubber, silk, hides, metals (copper, silver and tin). They eyed the clock nervously but President Jerome Lewine cut short the fanfare at 10 a. m. sharp, clanged the gong. A mighty roar went up from the silver post. To Broker Edwin Troetchell went the honor of first sale: 25,000 oz. of silver to Broker Clarence Lovatt at 37.75? an ounce...
...Problem of the rubber industry is the elasticity of crude rubber prices (from $3 a Ib. in 1910 to 2? lb. in 1933), controlled by conditions abroad. General Johnson & aides will have to allow for a wide basic price range in manufactured rubber products...
...below 1932 to 12½% above. Automobile production in May was the largest in 22 months and precisely twice last year's figure. Six hundred and twenty-one thousand bales of cotton went on to the looms against 332,000 bales in May 1932. May consumption of rubber was 44% above the 30,000 tons used twelve months before. May building expenditures were 128% above April. The New York Times weekly index of general business activity has risen almost perpendicularly from 60 to 84.6. and the Annalist pointed out last fortnight that if the present pace is held (which...
...many ambitions. Out of a tiny utility property picked up cheap in the 1907 panic he had built one of the largest power & light systems in the U. S. He had wanted to form the Second Biggest Steel Company. As the largest investor in the largest rubber companies he had planned to bring peace to that warring industry. But. above all. this youngish man from Pugwash. Nova Scotia dreamed of a Midwest industrial empire, vast, powerful, autonomous. His holding company was appropriately Continental Shares, Inc. Without a trace of sarcasm Cleveland used to call him Cyrus the Great...
Chase itself bought in practically all the collateral for $22,700,000. Included were 95,000 shares of Republic Steel, 50,000 shares of Cliffs Corp. (iron ore), 98,400 shares of Firestone Tire, 77,000 shares of Goodyear, 62,000 shares of U. S. Rubber. 55,000 shares of Goodrich, 350,900 shares of Lehigh Coal & Navigation and working control of United Light & Power. What Chase intends to do with these new possessions Chase would not tell last week...