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...while Territory Rice acts as agent for the rice crop, mills and ships it to markets. With only a token 25?-per-acre maximum rental, Chase estimates that Territory Rice will be able to deliver rice to Asian markets from Malaya to Japan for as little as 2? per Ib. v. current world prices...

Author: /time Magazine | Title: BUSINESS ABROAD: Rice from Outback | 7/23/1956 | See Source »

...debit side, President Eisenhower was especially unhappy with the "unfortunate" requirement that about 5,000,000 bales of Government-held surplus cotton (for which the U.S. originally paid upwards of 32^ a Ib.) be dumped on the world market for, at most, 25^ or 26^ a Ib. This provision forces the U.S. to "follow an inflexible program of cotton export sales with little regard to costs and without adequate regard to the far-reaching economic consequences at home and abroad." It must be administered, said he dryly, "with extreme caution...

Author: /time Magazine | Title: AGRICULTURE: Farm Bill at Work | 6/11/1956 | See Source »

COPPER PRICES, on the skids for ten weeks, are poised for still another tumble. After sliding from last March's record high of 55.5? a Ib. to 40? a Ib. last week, prices of custom smelters are still weak as customers refuse to buy, live off inventories. With copper futures on London market currently at 36.4? a Ib., commodity men say U.S. producer prices will have to come down...

Author: /time Magazine | Title: Time Clock, Jun. 11, 1956 | 6/11/1956 | See Source »

...Beta Kappa) and a successful real-estate operator who was also secretary of Chicago's Crime Commission, he found a business controlled by sharpers and racketeers; chewing-gum sticks were cut in half, sold for a penny apiece; undersized chocolate bars cost a nickel; peanuts costing 8? per Ib. dribbled out at the rate of six per penny. And when the machines ran out of merchandise, they returned nothing but a hollow, insulting clank. Leverone hired an engineer to design an honest machine that would return coins when empty, then contracted with well-known candy-bar manufacturers to supply...

Author: /time Magazine | Title: CORPORATIONS: Keeper of the Coins | 6/11/1956 | See Source »

COFFEE PRICES, rising since last August, are jumping up again. With price boosts by middlemen, General Foods Corp. (Maxwell House, Sanka), Standard Brands (Chase & Sanborn) and other big roasters are hiking prices between 2? and 4? per Ib. wholesale. Total price increase since August...

Author: /time Magazine | Title: Time Clock, Jun. 4, 1956 | 6/4/1956 | See Source »

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