Word: ibs
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...breezy William Wrigley Jr., Chicago gum tycoon, got an idea about cotton. On Monday he developed it. On Tuesday he announced that his company would (in effect) barter gum for cotton in the south, would use all sales receipts in that territory to buy up to 100,000,000 Ib. (200,000 bales) of cotton during the next eight months. The market price would be paid, provided it did not exceed 12? per Ib. Last week in the spot markets of the South cotton was selling around...
...first time Mr. Wrigley had had his idea. In 1914 when cotton dropped to 5? he stepped in as a cotton purchaser with his Southern sales receipts. The War started cotton on its historic climb to 40? per Ib. Mr. Wrigley sold without loss (he has never admitted making a profit). Again last December he announced the same barter plan for wheat in the Canadian provinces of Manitoba, Saskatchewan and Alberta. His company promised to buy out of its sales receipts 1,000,000 bu. at not more than 65? per bu. By last week 500,000 bu. had been...
...jobbers in Texas, Louisiana, Arkansas, Oklahoma, Mississippi, Alabama, Georgia, Tennessee, Kentucky, North & South Carolina, instead of remitting their receipts to Chicago headquarters will deposit them in designated banks in New Orleans, Savannah, Memphis, Mobile, Charleston, S. C. With these deposits the banks will buy cotton under 12? per Ib. for December delivery. Wrigley gum sales in this southern area run about $12,000,000 per year, all of which Mr. Wrigley is ready to invest in cotton and leave in the South. If the South buys enough Wrigley gum, the company will be able to purchase its 200,000 bale...
...they draw new players. The Brooklyn Robins have a new farm at Hartford, Conn, in addition to their old one at Macon. But they acquired their most unusual 1931 rookie from the Oakland club, Pacific Coast League. He is Catcher Ernest Lombardi, 6 ft. 3 in. high and 220 Ib. heavy with a huge nose and hands big enough to enwrap a baseball as though it were a walnut. The New York Yankees found a monster larger than Lombardi-Jim Weaver, a 6 ft. 7 in. pitcher with a woodchuck jaw. Easily the highest pitcher in the big leagues, Weaver...
...still intact. The hub must have been broken. If, as reported, ice collected on the wings then it may have collected on the propeller hub too. A piece of ice dislodged from the hub might have struck a whirling blade and broken it. The shock (estimated 100,000 Ib.) caused by a breaking blade could have broken the hub, smashed the wing...