Word: ton
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Dates: during 1930-1939
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...Guiana's chroniclers have followed a pat formula. The story usually starts with the teller being convicted of a felony. In a temporary prison at the citadel of St. Martin-de-Ré, in the Bay of Biscay, the convict awaits the sailing of the plodding 3,800-ton "hellship" La Martinière, formerly a German freighter, now outfitted with steel-girded cells and mutiny-suppressing hot-steam hose. Into her hold go Foreign Legion deserters, Algerian Spahis convicted of rape, French Indo-Chinese murderers, Circassian thieves, arch-crooks from Montmartre. The ship arrives...
This meant cuts of from $2.50 to $8.50 a ton, brought prices back to the pre-1928 days. As striking as this news was another aspect of the reduction: prices at Big Steel's Birmingham and Chicago plants were for the first time lowered to the Pittsburgh level. Announced reason for the change: "Increased production facilities and greater diversification of products" in these two steel centres. To the steel trade, however, it meant that Big Steel, sniped at by non-union independents since it made a wage contract with C.I.O. and pinched by their price concessions had finally abandoned...
...Atlantic's grey mists one overcast afternoon last week emerged a snug, grey-hulled motorship with red, white and blue striping on her two buff funnels, gay bunting flapping from her halyards. She was the 18,673-ton Oslofjord, new $3,000,000 flagship of the Norwegian America Line, on her maiden voyage to the land Norse Leif Ericson previewed some 938 years earlier. Leif the Lucky's 75-foot ship was a Viking man-o'-war with a single candy-striped sail and places for 35 men. The 588-foot Oslofjord is a businesslike luxury liner...
...Neither did Colonel Leonard Porter Ayres in his monthly sound-off. True, solid gains in crop prices on the report of bad weather and rust jumped Moody's commodity index to 136 last week. But a 25? drop brought the listed price of steel scrap to $10.75 a ton, positive proof that the key industry of steel had no immediate upsurge ahead. And the stock market last week again turned down without even approaching the 121 level on the industrial averages, penetration of which Dow theorists would have considered significant...
Among other items in last week's price news were two which surely pleased Franklin Roosevelt, one which offered some hope of business improvement: 1) The price of galvanized steel sheet was cut $3 a ton. Steel is one thing that Franklin Roosevelt still considers too costly and he has often remarked that the steel industry will not revive until prices are cut. But steel prices are as stiff as any in the country and this opinion bounced off steelmasters like BB shot off a tank. Last week it seemed that where Franklin Roosevelt had failed to dent their...