Word: ibs
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...first time in 17 years, the basic price of aluminum is on the way down. Without warning last week. Aluminium Ltd., Canada's giant producer, announced that it would cut prices 2? per Ib. to 24?, thus undercutting all free-world competition. No one was more surprised than the three dominant U.S. producers-Alcoa, Kaiser and Reynolds-who expected to maintain the price of primary aluminum at 26? per Ib., perhaps even raise it because of an impending wage hike. Yet within 24 hours, the top brass of each company hastily gathered, and one by one cut their price...
Behind Aluminium's cut were two factors: Russian competition and shrinking demand. By underselling Aluminium by 2? per Ib. in British markets, the Russians have cut deeply into the Canadian company's sales. Meanwhile, consumption, which has been steadily rising for years, leveled off as aluminum-using industries slowed their expansion. Aluminium deferred plans for 240,000 additional tons of capacity, dropped its operating rate to 80% of its current capacity of 770,000 tons...
...York Stock Exchange last week copper stocks rose in heavy trading. At week's end Kennecott was up 2⅜ to 88⅞, Anaconda up 2½ to 46⅞, Magma 5¼ to 47. Behind the push was a ½? rise to 23½? a Ib. in copper price at custom smelters, which normally supply about 15% of U.S. refined copper. On the London Metal Exchange, where world prices are set and fluctuate with daily sales, copper closed at 21.75? a Ib...
VICENTE BLASCO IBÁÑEZ. terrible-tempered, anticlerical novelist, was looking for a female lead for the movie of his novel. Blood and Sand, when at a party he met pious, vixen-toothed Actress Nita ("Nixie") Naldi, who screamed forthwith: "You Bolshevik! You heathen! . . . You worm! You Pagan! You anti-Christ!" Ibanez shrilled back so excitedly that his -'upper plate fell out of his mouth into Nixie's bosom." Whereupon the hostess, "who had hoped for a stimulating evening, but not this stimulating, quickly reached down into Nixie, pulled out the teeth, rinsed them in the punch...
...poultry. Ten years ago broilers were raised mostly by Midwestern farmers as a sideline. Then the feed companies began making contracts to raise chickens, concentrating on less successful farmers, many in the South. The feedmen supplied broiler raisers with chicks, feed and a guaranteed purchase price, usually 2? per Ib. With the new methods, Southern farmers cut the broiler cycle from 15 weeks to 9, upped production 1,620% in Alabama, 1,454% in Mississippi in a decade...