Word: ibs
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...program to dispose of some 7,000,000 bales of high-grade Government-owned cotton abroad at competitive world prices by subsidizing U.S. exporters, has already sold 3,000,000 bales. On the total, the U.S. stands to lose as much as $220 million (it paid 32? per Ib. for the cotton, can sell it for, at most, 25? to 26? per Ib...
...Manhattan's coffee-trading Front Street that torrential rains had cut deeply into Colombia's maturing crop. Roasters and brokers, caught with low inventories and suddenly aware that a shortage of mild beans for blending could be crippling, bid up the price from 63? to 80? a Ib. Colombia's mild coffee, which customarily commands 4^ or 5^ more than Brazil's standard grades, now brings a fat 20? differential. And the rain damage seems to have been vastly overstated. The nearly harvested crop, Colombians now say privately, will permit export of at least...
...hurt feelings, suites identical in size and furnishings were set aside for each chief of state, put under guard and furnished with on-the-house bottles of each President's favorite drink (Spanish "Fundador" brandy for Cuba's Fulgencio Batista, Scotch for Chile's Carlos Ibáñez, French cognac for Mexico's Adolfo Ruiz Cortines...
...soon as they arrived, the visiting Presidents fanned out in search of old friends. Chile's Ibáñez popped in on Paraguayan President Alfredo Stroessner bright and early the day before the conference; Costa Rica's José Figueres dumped his bags in his room and headed for the hotel coffee shop for a chat with a group of old pals. At the first formal meeting at Arias' presidential palace, the informal talks went...
...hardheaded businessmen, Territory Rice's plans might sound overoptimistic. U.S. ricemen call the 2? per Ib. figure "unrealistic," strongly doubt that Chase can grow, mill and ship rice for anything like that price, also point out that there is no world rice shortage; many rice-exporting nations have actually had surpluses since 1954. Nevertheless, Chase & Co. are convinced that there is an enormous, untapped market for rice in such lands as India, Ceylon, Malaya, Borneo, Indonesia, Japan, even China. While there may be a technical surplus, shipping costs from many exporting nations are so high that millions of consumers...