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...baser metals. The most spectacular performer of these was volatile copper which jumped from 8? (New York) to 9? as domestic and foreign buyers threw large orders into the market. Lead and zinc followed along. Typical of the increase in trading was the excitement in Manhattan's Raw Silk Exchange where trading reached almost 4.000 bales a day after being at 80 a few weeks ago. Startled pages and clerks hurried to put their summer linen-suits on a fortnight ahead of time. In Tokio, Japanese bears talked of harakiri. On the Coffee & Sugar Exchange, Manhattan, coffee continued...

Author: /time Magazine | Title: Business: Markets | 7/6/1931 | See Source »

...main causes of this Depression came from outside the U. S. . . . our wild speculation, our stock promotion, our loose and extravagant business methods, our unprecedented drought . . . the malign inheritances of the Great War . . . huge taxes . . . mounting armament . . . over-rapid expansion of production, collapse in price of many foreign raw materials ... the demonetization of silver...

Author: /time Magazine | Title: THE PRESIDENCY: 20-Year Plan | 6/22/1931 | See Source »

Vastly tickled by his fame, Troubadour Downey has no reluctance in stating that he eats three banana splits daily, has a blue chow named Teddy, sleeps raw* in a double bed, calls his wife "Lover," is covered with moles, bleeds easily when shaving. Superstitious, he still carries a cats-eye ring and holy medals for good luck. Because his name appears in their advertisements, he keeps Camels in his pocket and gives them all to friends. Quick-tempered, he once rebuked a famous polo player who was making too much noise in his night club. Shrewd, when Walter Winchell, famed...

Author: /time Magazine | Title: Music: Harvest Moon | 6/22/1931 | See Source »

...Illinois' ace hurdler, Lee Sentman, was likely to be beaten by Jack Keller of Ohio State; Michigan had Eddie Tolan, who holds the official world's record for the 100-yard dash, and a crack one-mile relay team. In the first events, run off on a raw dark afternoon. Michigan piled up what looked like a safe lead till Sentman, equaling the world's record (14.4 sec.), beat Keller in the 120-yd. high hurdles...

Author: /time Magazine | Title: Sport: At Evanston | 6/1/1931 | See Source »

Diplomats Browbeaten. Urging prompt acceptance of his pact "in principle" M. Litvinov said bluntly: "If you want Soviet orders you cannot object to Soviet exports. The Soviet Union is not the only country exporting raw materials. . . . The exports of Tsarist Russia were far greater than those of Soviet Russia, yet they were not condemned. . . . We are only starting out to regain our place in the world markets. ... I am here to offer a pledge that the Soviet Union will adhere to the principle of peaceful co-existence at this given stage of history...

Author: /time Magazine | Title: Foreign News: Russia Offers Co-Existence | 6/1/1931 | See Source »

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