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COPPER PRODUCERS are pressuring Congress for higher import walls. They want 4?-a-lb. tariff when prices fall to "peril point" of 30?, instead of current tariff (suspended until next July) of 1.8? a Ib. at peril point of 24?. With copper now selling at 25?, Congress is leaning toward peril-point boost, but frowns at lifting tariff itself...
CIGARETTE SMOKERS are spending more than ever but getting less tobacco. Although U.S. cigarette production puffed to record 441 billion in 1957, total tobacco output dipped 23% from 1956 to postwar low of 1,680 million Ibs. Five years ago makers rolled out 325 cigarettes per Ib. of tobacco; in 1957 they manufactured 360 per Ib. by using filters and homogenized tobacco leaf (TIME, June...
...congratulate you on the President-grooming job you did on Vice President Nixon in the Dec. 9 issue? You have whitewashed Tricky Dick so clean that I am sure his own mother wouldn't recognize him. I almost burst into tears about the modest 9-Ib. turkey (no 40-pounder for him) that Pat roasted on Thanksgiving...
COPPER CUTBACKS are planned by Kennecott Copper Corp., No. 1 U.S. producer, to boost prices that have slumped to 27?Ib. from 54¼ last year. Kennecott will trim domestic output 12%, or 3,800 tons a month, by slowing operations in Utah, New Mexico, Nevada. Move follows 3,500 tons a month cutback by Phelps Dodge Corp., 3,000 tons a month by Anaconda...
BEEF PRICES will go up next year because supplies will head down. In Texas, beef on the hoof is selling for 14¾? a Ib. v. 9⅓½?a year ago; cattle raisers are holding cows off market to replenish their drought-thinned herds, but it will take them several years to do so. Result: beef output will slip from 83 Ibs. per capita this year to 81 Ibs. in 1958, only 77 Ibs...