Word: canadians
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Dates: during 1950-1959
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Fewer than 20,000 fans crowded into the Chicago Stadium, but nearly 400,000 watched the fight in 38 states and four Canadian provinces. Piped to 174 separate audiences by Manhattan's TelePrompTer Corp., the fight was boxing's biggest closed-circuit theater-TV presentation. Often fuzzy and unfocused, the large-screen picture even lit up some regular boxing arenas with the flicker of new-style programs to come. In Texas, and in upstate New York, where Basilio is a popular local hero, enterprising matchmakers put on live preliminaries before they dimmed the house lights, hooked up projectors...
...swimming in oil, with excess stocks of 781 million bbl.-65 million more than last year. Oil production in Texas and Oklahoma has been chopped back drastically; Venezuela, which sends 20% of its crude production to the U.S., has been forced to reduce production even more. Canadian oil sales are in bad shape, and refinery runs of Alberta crude, which comprises 90% of Canada's oil, are at a new low of 271,958 bbl. daily. Only in the Middle East is production still climbing; even there economists fear that oil companies out for quick profits, and Arab rulers...
Behind Aluminium's cut were two factors: Russian competition and shrinking demand. By underselling Aluminium by 2? per Ib. in British markets, the Russians have cut deeply into the Canadian company's sales. Meanwhile, consumption, which has been steadily rising for years, leveled off as aluminum-using industries slowed their expansion. Aluminium deferred plans for 240,000 additional tons of capacity, dropped its operating rate to 80% of its current capacity of 770,000 tons...
NICKEL SURPLUS is building up for first time since Korean war. With its stockpile filled and free world capacity running well ahead of demand, Government will try to renegotiate 45 contracts that commit it to buy heavily of Canadian and U.S. nickel through the mid-1960s at prices up to $1.14 per lb., v. current market price...
...market has dropped from 205,000 tons in 1956 to 153,000 tons last year. At the same time, Russian aluminum exports to Britain have soared from 197 tons in 1956 to an annual rate of 23,000 tons. Reason: Red aluminum sells for $510 a ton v. the Canadian price...