Word: unites
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Dates: during 1930-1939
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Last week, when the Ringling Bros, and Barnum & Bailey Combined Shows moved out of indoor arenas in Manhattan and Boston and pitched canvas in Long Island City, patrons of the Big Show sat in the first air-conditioned tent in circus history. Eight big trailers, each one a complete unit, pump ice-chilled air into the tent on hot days, warmed air on cold days...
...demonstrated that Henry Ford's low price-big volume doctrine is still worth something. Last week, copper companies, who recently got new orders by cutting prices from 11¼? to 10¼? a Ib. (TIME, May 15), found orders again drying up. So Kennecott Copper Corp., big Guggenheim unit, cut the price to 10? and other companies followed. Result: April's high rate of sales continued. Phelps Dodge's President, Louis Shattuck Gates, tall, pleasant, frank, fond of playing poker (because "you can only get mad at yourself if your guess is wrong") remained one rebel against...
...smaller than the average issue admitted to the Big Board. And American, having been listed on the Curb only three years, has neither the profit record nor the "seasoning" that has traditionally been required for Stock Exchange listing. But the exchange was glad to list American as the largest unit of a growing industry. American is glad to have the more active market on the Big Board, for it may be obliged to issue more shares to improve its current weak cash position. Due to heavy purchases of new planes, its cash on hand is only about...
...Detroit buyers refused to bite, however, decided to wait out the copper companies. Within a few weeks American Smelting's price was down to 10?. Still most purchasers waited. Then fortnight ago Phelps Dodge jumped it back to 10½?. This priced the industry's No. 3 unit out of the market, but enabled Anaconda and Kennecott units, Nos. 1 and 2, to make a market...
...came in. Copper sales picked up; in a few days twice as much was sold as in the month of March, copper finishing mills kept running at 50% to 60% of capacity. Loss to corper companies on the cut: $1,200,000. Saving to auto manufacturers: nearly 60 per unit & parts (mostly radiators...