Word: demanding
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Dates: during 1950-1959
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...Civilian Agency. On the theory that far horizons demand a fresh approach, some space planners advocate an entirely new federal agency that would direct either the entire U.S. space program or, at minimum, its nonmilitary aspects. House Majority Leader John McCormack has proposed a five-member National Science Council. In the Senate, Arkansas' John McClellan and Minnesota's Hubert Humphrey have sponsored a measure authorizing establishment of a department of science and technology run by a secretary with Cabinet rank. Currently these proposals for another Government agency are downrated because the agency would have to undergo the lengthy...
...Lester Lum Colbert implicitly deny it. "Tex" Colbert insisted that automakers can still have a good year "as soon as we get over this psychological thing" of recession-minded customers. "Prices are only a part of competition," he said. "You just can't go along with supply and demand. You price over a long-range program." Chrysler tried smaller cars in 1953-54. They were shunned in favor of larger (and cheaper) models made by G.M. and Ford. Chrysler tried cutting prices up to $274 a car. "What did that do for our volume?" asked Colbert. "Absolutely nothing." Profits...
...IMPORTS stand chance of being cut further by Government under "voluntary" plan. Commerce Department is worrying over the "increasingly serious" inventory situation caused by drop in domestic demand, which is bringing price cuts in fuel oil. One big problem: the Government itself has increased imports to 40,000 barrels of oil a day, mainly for jets, and some oilmen want it stopped...
...present price headaches are caused mainly by a hangover from a four-year spree. As demand began to soar in 1954 in the worldwide boom, Chilean, African and U.S. producers boosted production and opened new mines. Copper supplies were still so short in 1956 (after a 43-day U.S. strike in 1955) that free market prices in London were bid up to 54.6?. "Now," says Kennecott's Cox, "automotive production is down and so are housing starts. Utilities have slowed their expansion programs. Those are our three biggest customers. And there was that price; when it climbed past...
Production Cuts. To bring production into line with current demand, nearly all the major producers have shut down some of their mines. Kennecott is cutting back its U.S. production by 12%. Anaconda has sliced its Chilean production 10%, after cutting its Nevada mine output 16%. Phelps Dodge recently announced a 9% cut at its Arizona properties, representing a cumulative decrease of 22% since October 1956. Two giant foreign producers, the Rhodesian Selection Trust and the Belgian Congo's Union Minière du Haut Katanga have also trimmed operations...