Word: ib
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...high that cutbacks have been ordered. Tied in with the airborne's effort to lighten all equipment, several new items have been developed. Among them: a new entrenching tool, four pounds lighter than the old; an aluminum-nylon helmet, 8% lighter; new tropical combat boots, 3/4 Ib. lighter. Also due to be lightened: rifles, pistols, machine guns and ammunition...
Thomas Wolfe was only 37 when he died, but there had been nothing small-scale or quiet about the life he left behind. His 6 ft. 5½, 240 Ib. frame required massive feedings and guzzlings, and his stormy, undisciplined manuscripts were big enough to fill a crate. A natural wanderer, he was always on the prowl, and the area that fascinated him most was his own U.S.A...
Rollback In Beef. The most thunderous salvo of the week was fired by Price Controller Mike Di Salle. He ordered an 18% cut (about 5? a Ib.) by next Oct. 1 in the price that may be paid for live cattle. He also fixed dollars & cents ceilings on wholesale and retail beef prices, and set up stand-by machinery for beef rationing (although price officials hastened to say that they saw no prospect of rationing in the near future...
...glibly estimated that their day's work would roll beef prices back to pre-Korea levels, save housewives an estimated $700 million a year. Lower prices should be seen in butcher shops by Aug. 1, they said, and by Oct. 1 beef should be down about 10? a Ib. In New York and other cities, beef prices are the highest they have ever been, and there is also a shortage of beef, although the U.S. cattle population is 2% to 3% higher than last year. Di Salle's men said that even after they had rolled back livestock...
...Yuille stepped up to the rostrum and pounded his gavel. He was offering for sale 18 chests of tea from Ceylon. From among the 400 brokers came cries of "Far! Far! Far!" as the bids rose a farthing at a time. Finally, at five shillings one farthing a Ib. (about 70?), the first lot went to George White & Co. In 3½ hours Auctioneer Yuille sold 11,524 chests containing 1,250,000 Ibs. of tea. For the first time since 1939, London's tea market - once the world's greatest - was open for business...