Word: co
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Dates: during 1950-1959
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Although Red China law strictly forbids the export of antiques, the Communist government itself conducts a thriving, surreptitious trade in ancient objets d'art. It does so through an organization called the Peking Arts and Crafts Co., which commands high prices for bronzes and porcelain slipped out to selected dealers in Hong Kong and Europe. Included last week in the latest selection of mainland art wares showing up in Hong Kong shops was a sizable portion of loot from Tibet. For $50 and up, customers could choose from dozens of gilded bronze temple statues of Buddha, silver Tibetan chalices...
With his firm jaw and conservative business suits, Robert Oliver, 36, is the picture of a successful executive. And so he is: boss of management development at California's missile-making Hughes-Aircraft Co. But when he talks, his voice is that of someone else: an oldtime Wagnerian "black bass," echoing with rare depth and timbre. Executive Oliver's voice is so unusual, in fact, that when Composer Igor Stravinsky first heard him, he added a specially low voice role to his last great work and asked Oliver to sing...
...Williamsburg section, an American Cyanamid Co. tank truck backed up to the Radio Receptor Co.'s plant (which makes electronic equipment) to deliver 500 gallons of nitric acid. Driver Benjamin Sidla hooked up his hose to a pipe indicated by employees, started pumping. After a few minutes, a man rushed up from the basement, yelled to Sidla: "You'd better stop. The fumes are terrible down there." Somehow the nitric acid had been diverted into a 3,000-gallon tank containing hydrochloric. Result: royal water, which was already beginning to dissolve the tank's rubber lining, eating...
...Board's industrial production index did. Some 100,000 workers were laid off in mines and railroads, and carloadings dropped to 532,304 cars, lowest for a comparable week in years. Last week the Steelworkers Union and others called a strike at Kennecott Copper Corp. and Magma Copper Co. that idled another 15,000 workers. As a result, industrial output declined 1% in July to 153% of the 1947-49 average, two points below the record June level of 155%. But activity in most other durable-goods industries increased, and output of nondurable goods reached new highs in July...
DENMARK OIL REFINERY, country's first, will be built by Tidewater Oil Co., controlled by Billionaire Jean Paul Getty (TIME Cover, Feb. 24, 1958). The $40 million refinery will be completed by early 1961, serve Denmark, Norway, Sweden, possibly Britain...