Word: ib
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Candles for St. Sebastian. One digger came up with a block of crystal weighing 330 Ibs., is still dickering with buyers about the price: the high-grade yellow variety fetches as much as $94 per Ib. Another miner found a huge piece worth $3,300 and immediately hired 100 men at $3 apiece per day to help him dig. A youth deserted his job in Bahia, 400 miles away, found a fine stone that he sold for $190, later discovered that the buyer quickly resold it for more than $2,500. Luckier was the young lady who spent four days...
...week's end the U.S. Air Force and Navy combined for a two-wave strike at an ammunition depot at Phuvan and a supply staging area at Vinhson. Nearly 120 planes from land and sea pounded the two targets with 750-Ib. bombs, 20-mm. cannon and rockets. It was the third air strike above the 17th parallel in six days...
...argument was that with the Government shelling out 6½? of the 30? per Ib. paid by the mills, textile prices would fall and the consumer would benefit. This entirely ignored the fact that the consumer is also a taxpayer-and anyway, it hasn't worked out. So far, the textile industry has received a mouth-watering $329 million in subsidies; payments have even gone to prisons whose convicts work at weaving. Textile industry profits have soared to their highest level since Korea. But there has been no dramatic drop in wholesale or retail textile prices. For example...
...Explosives. The increase in sugar production has produced some sour with the sweet. Exceptional harvests all around the world will create a 4.4 million-ton surplus this year; prices have toppled from 11.18? per Ib. only last month to last week's 2.20?. Two companies operated by Julio Lobo, the world's foremost sugar buyer, recently went bankrupt by banking on a rising market. The situation is complicated by Castro's Cuba, whose crop this year is expected to rebound to 5 million tons. Russia, the world's largest grower (from sugar beets), takes...
...Michigan: a 34-7 rout of Oregon State, in the Rose Bowl at Pasadena. Spotting the upset-minded Beavers a 7-0 lead, the Big Ten Champion Wolverines roared back on the running of 201-Ib. Fullback Mel Anthony, who scored three times, once on an 84-yd. dash -longest in the Rose Bowl's 51-year history...