Word: coaling
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Dates: during 1960-1969
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Died. Russ Morgan, 65, pop-music composer and big-band leader in the 1930s and '40s; of a stroke; in Las Vegas. The son of a Pennsylvania coal miner, Morgan played trombone and piano to earn his ticket out of the pits, in 1935 formed his own orchestra featuring the wah-wah sound of muted trombones and such hits as So Tired, and Somebody Else Is Taking My Place...
...unique contract in which the late Alfried Krupp's son and sole heir, Arndt von Bohlen und Halbach, renounced his rights to a $500 million inheritance. In return, Arndt, for the rest of his life, would receive 2½% of the sales from Krupp's Rossenray coal mine, one of the richest in the Common Market. This year that stipend will amount...
...priced shares is down 35%, and many other stocks have lost 50% or more of their value. The plunge has hit nearly every industry. From their 1969 peaks, shipping stocks are off 46%, airlines and motion pictures 40%, aerospace 39%, sugar companies 38%. Losses are only slightly less among coal, copper, textile, oil and insurance shares. Most of the leading conglomerate corporations have dropped disastrously: Litton is off 43%, Gulf & Western 50% and Ling-Temco-Vought...
...Europe, businessmen simultaneously worry about competition from Japanese goods and depend on Japanese-built supertankers to move Mideast oil to them despite the 26-month closing of the Suez Canal. In tiny mountain towns of Western Canada, long-unemployed miners are going back to work to dig the coal needed to fill a new $600 million order from Japanese steel mills. Ideologically impartial, Japanese industrialists trade with Peking and Taiwan, cut timber in Siberia and make 70% of the baseball gloves sold in the U.S. Japanese experts are training rice farmers in India, and fishermen in Ceylon, building drydocks...
...city's air has also become destructive. Venetians customarily heat their homes with soft coal that is released into the air before it has fully burned. Added to this are similar fuel wastes from vaporetti (ferryboats) exhausts and industrial smokestacks. The combined residues, often trapped by the damp Venetian climate, form a heavy sulfurous blanket over the city...