Word: rubberizing
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Dates: during 1950-1959
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Military & Business Career: Trained as an Army pilot in the same group with Lieut. General James H. Doolittle in World War 1. Mustered out as a first lieutenant, moved to California, joined General Tire & Rubber Co. and eventually became General's manager for eleven western states, vice president and director (now on leave); also became executive vice president and general manager of Aerojet Engineering Corp. Has private pilot's license and flies own plane...
...week, in a do-or-die series, the Giants served notice that they cannot be counted out quite yet. In the first game the Giants finally beat Brooklyn Pitcher Preacher Roe (after he had won ten straight), 4-0. The Dodgers exploded in the second, 10-4. In the rubber game, Giant Outfielder Monte Irvin drove in four runs with two homers, beat the Dodgers almost singlehanded...
Liberals acknowledged that such valuable commodities as scrap iron and rubber tires for Red China were aboard the Ming Sung ships. But they excused the traffic as a minor affair, defended Ming Sung's Canadian registry as a protective device for Canadian investors and taxpayers, i.e., the banks who hold Ming Sung ship mortgages. Prime Minister St. Laurent flatly refused to withdraw the ships' Canadian charter. The Liberal majority, without a single defection from the ranks, voted down, 116 to 36, the Tory proposal to cancel the registry...
Just as some U.S. manufacturers were about to pump up the price of tires by 5% last week, the General Services Administration punctured the air hose by announcing a 14?-a-lb. cut in the price of natural rubber. GSA Administrator Jess Larson wants the tiremakers to pass along their savings, $40 million in the next three months, to consumers. At 52? a lb., rubber is now 47% cheaper than last December, when GSA clamped the lid on skyrocketing rubber prices by taking over the buying of all natural rubber...
...Rubber was only one of many commodities which were sliding down last week from their price peaks. Malayan tin dropped to $1.14½ a lb.-a 41% slump in four months-because the Reconstruction Finance Corp., buyer of all U.S. tin, had stopped buying. It is selling its stockpiled tin to U.S. users at $1.06 a lb. RFC Administrator W. Stuart Symington hinted last week that world prices have dropped about enough and the U.S. might soon start buying again. This would be a big relief to some U.S. State Department officials, who are worried that Symington...