Word: cementation
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...tubing-all as neatly packaged as loaves from a bakery. Near the bundles, giant machines with an endless chain of buckets ate into the earth, taking just 13 minutes to dig a narrow, four-foot trench around a 25-by-32 ft. rectangle. Then came more trucks, loaded with cement, and laid a four-inch foundation for a house in the rectangle...
...industry, which has been prosecuted before on other matters after taking such assurances at face value, would probably think twice before testing Truman's promise. And such industries as steel, cement, etc., which were most affected by the 1948 Supreme Court decision outlawing the basing point system, had no need to absorb freight. They could sell all they produce f.o.b. the mill...
When the Supreme Court outlawed the cement industry's basing point system* two years ago, many businessmen in other industries felt that they too were breaking the law, although they weren't sure just what the law was. The Federal Trade Commission did not clear up matters any when it told U.S. business that basing-point prices were entirely legal so long as they did not result in identical pricing that smacked of "collusion." To be on the safe side, the entire steel industry voluntarily junked its basing point system, sold steel F.O.B. the mill and waited...
...clarification. The Senate passed a compromise version of a bill introduced last summer by Wyoming's Democratic Senator Joseph C. O'Mahoney (TIME, June 13), and sent it to the President. If Harry Truman signed it, the bill would, in effect, reverse the Supreme Court's cement decision. It would permit freight absorption, provided that prices 1) are independently arrived at and 2) do not eliminate competition. More important, the bill would take business off the defensive. Where the burden of proof now lies on business to show its innocence of any collusion, the new bill would...
...government rushed up two army battalions from the provinces. Police brought out their tear gas. After routing Communist-led student rioters from a university-building strongpoint, government forces advanced into the northern working-class districts. There the rioters fought stubbornly with small hand grenades made of cement, scrap iron and dynamite, apparently brought from the tin mines. Finally the army, firing a few mortar shells, drove the rioters into the hills rimming...