Word: rubbering
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...bill before the House last week was designed to give U. S. industries immunity under the anti-trust laws in collective buying of crude rubber, potash, sisal "or other raw materials or products of nature." The opposition which sprang up declared that such a measure would injure the U. S. consumer. New York's vociferous Black sought to belittle Candidate Hoover, to whose warnings against the British rubber monopoly, the measure was traceable. Up stood Connecticut's tall Tilson, the Republican leader. He called attention to Premier Baldwin's announcement, the day before in Parliament, that...
...Rubbers are not romantic. Neither are auto tires, nursing nipples, hot water bags or rubber boots. But last week rubber-romance kindled in the quiet, Gothic depths of the House of Commons. There Prime Minister Stanley Baldwin pronounced a few matter-of-fact words which altered the destiny of Britain's wide-flung rubber plantations in Malaya. Straits Settlements and Ceylon. To U. S. motorists the pronouncement meant that raw rubber suitable for tire-making will probably be stabilized in price at a figure less than half of what was paid last year...
Briefly, the Prime Minister announced that on Nov. 1, 1928, the Empire will abandon its six-year-old program of attempting to force up the world price of rubber by curtailing the supply. This program, the so-called Stevenson Plan, went into effect in 1922, when crude rubber stood at 17? a pound, and bounced the price up within three years to $1.21. That meant bonanza profits for British plantations. Why then is the Stevenson Plan about to be scrapped...
...Rubber men answered that question in detail, last week; but not until they had done some furious trading. As the Baldwin announcement flashed over the cables to Manhattan, bedlam broke loose in the red-brick building which houses the New York Rubber Exchange. At the close of a day of pandemoniac selling all records for volume of turnover had been shattered by transactions totaling 8,985 long tons and exceeding $5,000,000 in value. The average price, chalked up again and again with fractional variations by perspiring board boys, was 21? per pound...
Died. James B. Ford, 84, vice president of the United States Rubber Co. and commodore since 1915 of the Larchmont Yacht Club; of pneumonia; in Manhattan. At one time one of the wealthiest men in the U. S., he left a fortune estimated...