Word: stilles
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Dates: during 1930-1939
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...copper industry was thus assured of a very active second half year, which was all Wall Street needed to know. But July 1 copper inventories were still high (340,000 tons, 80,000 above the high inventoried end of 1937) and even in a good month, U. S. copper consumption does not often exceed 80,000 tons. If forward buying books July's total copper orders to 200,000 tons or better, four or even five months' additional supply at present rate of domestic consumption will be added to inventories...
...advance threatens to result in new inventory trouble. After an extra-seasonal July 4 drop, the steel rate snapped back first to 56.4% of capacity, then to 60%, its 1939 high, and the trade predicted 65% operations yet to come. This continued a June trend: ingots were still being stacked up in anticipation of rush orders from the auto industry late in the summer. After Labor Day it may turn out, however, that Detroit's fall steel needs are being filled...
Pleasing as those figures were to natty Grover Whalen, they still left him with a big fiscal headache. In twelve weeks attendance totaled some 14,700,000 (including almost 3,500,000 free admissions), about half what he had hoped for. He had forecast a $4,000,000 loss if only 40,000,000 people came to the Fair the first year, a $1,000,000 profit on 50,000,000. With three months to go, it appeared that he would be lucky to get 30,000,000. Tip-off on his Big Show's fiscal status...
...sweater, chewed tobacco, preached socialism from campus soapboxes. By the time he became sophomore he was a leader of the campus "barbs," roared against the fraternities, preached revolt against the university faculty. One of the fraternity leaders (Beta Theta Pi) was his aristocratic friend Paul Vories McNutt, whom Willkie still likes to josh at Indiana University alumni dinners. But in two or three years Willkie's socialism wore out. As a senior he even broke down and joined the pompadoured Betas, but he did not brush his hair...
Power Politics. Before the curtain still stands Willkie. All his maneuvers did not save the Tennessee Valley for Commonwealth & Southern (whose remaining operating companies still represent more than a billion dollars in assets). But he did something else. He took the case of the utilities to the public. He articulated the argument against public ownership, generating power regardless of cost, and the argument for private ownership, under regulation, selling power at low rates and making a decent profit on its capital invested...