Word: lonely
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...Texas Way. President E. B. Germany ruefully admitted that the company had indeed made such deals-with Ford Motor Co., which promised to be a good, steady customer, and with Kaiser-Frazer Corp., which had advanced payment of $500,000 which Lone Star badly needed. But the deals that had set Estes ablaze were not with Ford and Kaiser-Frazer; they involved less imposing buyers...
Germany, who took over only seven months ago, undertook to explain them. To buy its blast furnace and plant from WAA last year, Lone Star had to show firm orders for pig iron. As big, established buyers were skeptical about Lone Star's chances, the company had to rely on small brokers. A typical deal: a contract with one Harry Gale, of Washington, D.C., to deliver 24,000 tons of pig iron at $39 a ton, then the current market price...
...another deal which red-faced Mr. Germany described as a "tremendous donation of the stockholders for the benefit of this woman." The woman is Miss Alice Hansen, 3 5-year-old blonde president of Manhattan's Pittsburgh Steel Mill Co., a brokerage firm. She had a contract with Lone Star to buy 105,000 tons of pig iron at $39 a ton. She had put no cash down, and, said Germany, there was no way Lone Star could have collected if she had failed to make good...
...Lone Star, Vice President George Anderson, is sitting out his contract on an Arizona ranch, writing a history of the year-old company.) But, said Germany, she stood to make at least $2,000,000 and possibly $3,500,000 on the deal...
...received 4,000 tons at $39 a ton and resold them. At current prices of $75 a ton, this has brought an estimated profit of $140,000. She is scheduled to get 10% of Lone Star's monthly production (current output: about 20,000 tons a month) until her order is filled. She didn't think she would make as much as Germany estimated. But, said she, "I certainly hope to make a lot of money. That's the American...