Word: rubber
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Dates: during 1930-1939
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Chief result of the luncheon was a virtual agreement to place control of the rubber industry in the hands of one man. As was expected, the one man picked was Mr. Bishop. His qualifications are long banking associations with the industry (onetime director of Cleveland Trust) and his position (through Continental) as one of the biggest rubber investors. When Continental made its rubber investments it was adhering to its policy of buying only into basic industries. Founder Eaton is believed to have had some ultimate plan of co-operation among the rubber rivals similar to that started last week...
...woes of the rubber industry are many and complicated. The decline in crude rubber to a new low of 3? per Ib. has caused many large inventory losses. Shipments of tires have fallen sharply. In 1931 total shipments were 6.7% below 1930, 27.9% below 1929. In January they were off 13.1% from January 1931. Problems of marketing have been complex, sales to chain stores and service stations being made at prices often considered unfair by independent dealers...
...three exciting weeks its tossings and catchings? and droppings?had kept the legislative air alive with fur coats and chewing gum, diamond rings and matches, motor trucks and penny candy, yachts and 3¢ stamps, radios and bottled "pop." Hundred-million-dollar levies were twirled around like so many rubber balls. As in a knife-throwing exhibition, it pitched sharp imposts at individuals and industries. It juggled normal rates, surtax rates, corporation rates, gift rates, inheritance rates, stock rates, dividend rates into a high and hazy jumble. Then it bundled all its handiwork up into one conglomerate bill, which it passed...
...notable one in the news last week was Mayor James John Walker of New York. One of his good friends, a Mrs. Clarabelle Walsh who lives in the Hotel Plaza, advised him to drink the stuff because "he was suffering so." Three times a day he squeezes the rubber bulb of a device called a "Radiumator," which supplies water with short-lived radium emanation. Experts say that aside from the psychological effect, the only good derived is from the quantities of water imbibed, none from the emanations. But Mayor Walker, with the persistence of a convinced self-medicator, declared last...
Faber invented the nickel-plating of pencil tips, pencil point protectors, rubber tips. In its line are the Mongol colored pencils ("Paint with Pencils"), weatherproof pencils, eyebrow pencils. Newspapermen like its Black Knight, a blunt pencil not likely to break in a crisis. Faber claims to be the largest maker of erasers and recently offered rubber bands in pastel shades. It is thought to make 25% of popular-priced pencils. Its line comprises 250 varieties not including various degrees of hardness which sometimes run as high as 18 to a pencil...