Word: rubber
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Dates: during 1930-1939
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...drag, wing deicers* are usually removed from U. S. airline transports during summer. Last week all wing deicers were off, but this time there was an added reason for their removal-they have been causing trouble on the new Douglas DC-38. On one American Airliner last month the rubber boot split, on another a section of the wing's skin crystallized and tore away. These incidents were minor, but enough to cause a Bureau of Air Commerce request that all present deicers be removed from DC-38 and improved to meet the greater stresses imposed by this biggest...
...Chicago. Mrs. Marion Felix Jones brought a rare equity action known as quia timet (because he fears) against her wealthy rubber-making father, Benjamin Bates Felix. At the start of hearings before a Master in Chancery which may drag on two years, Mrs. Jones testified that she is afraid she will not receive property valued at $500,000 orally promised by her grandfather because her father is under the domination of his second wife. Mrs. Jones is suing now to establish the oral promise as a constructive trust, before her father's death...
...than in the averages. Leader of the booming winter market, U. S. Steel has sold off from a high of $126 per share to a low last week of $93. Chrysler was down from a 1937 high of $135 to $106; Radio from $12.75 to about $8.75; U. S. Rubber from $72 to $52, Nash-Kelvinator from nearly $25 to $18; U. S. Gypsum from $137 to $107; General Electric from $64 to $50. Even such a symbol of stability as American Telephone & Telegraph was off 24 points from its 1937 high ($187). Railroad issues alone have demonstrated any real...
Still jolting downward last week were two British-dominated commodities, rubber and cocoa. In Manhattan, following one of those perennially disastrous revisions in the estimates of the Gold Coast crop, cocoa broke the full 1?-per-lb. limit, dropping well below 7?. There were strong suspicions that British cocoa interests had given U. S. speculators another thorough whipsawing, the British having the advantage not only of controlling the biggest source of supply but also of controlling the statistics. Only a few months ago the figures indicated a shortage, and cocoa was merrily bid up above 13? per lb. Last week...
...Rubber statistics are by no means so elastic as cocoa's, and rubber has slumped only about 25%, a bad break last week caused by announcement of Nazi restrictions on German imports carrying prices below 21? per lb. Meantime tin had tumbled from 67? to 54? per lb., copper from 16½? t012...