Word: lumber
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...research staff from 274 to 700 persons, Bethlehem Steel in the last year has brought out a corrosion-resistant sheet steel cheaper than some alloys, devised a plastic coating to protect suspension-bridge cables from the weather. U.S. Steel has just introduced a spiral nail which not only fastens lumber more securely but provides up to 29% more nails per pound than the smooth-shank variety. And Crucible Steel last week announced that it will build the world's first plant, at Midland, Pa., to make stainless steel in a continuous liquid process from chrome ore in a blast...
Disqualified Buyers. On top of all that, builders are being hit by rising prices of such items as copper pipe, aluminum windows, lumber and plywood and, in some areas, by shortages of construction labor. The resulting cost increases, as well as higher interest rates, will disqualify some prospective home buyers because FHA will require proportionately higher incomes to meet the higher monthly payments. Six months ago, Miami Builder Ken Laurence was selling a $12,500 model with a total monthly payment of $74, including taxes and insurance; last week, with the interest tab up ½% and maximum FHA terms sliced...
...wreathmaker, funeral-insurance salesman, handyman, business manager, and hearse driver. He is also poor, and in Naples that means powerless. Caught without a chauffeur's license, he is slapped with a staggering fine and forbidden to drive. In debt for tobacco, rent, and worst of all, for coffin lumber, he limps through one hand-mangling day heaving shovelfuls of earth for a huge industrial corporation-and gets fired for incompetence. Employed in a sizzling restaurant kitchen, he is falsely accused of theft, gets fired again...
...chief weakness lies in the nationalized 53% of Austrian industry: steel, aluminum, oil, chemicals, leather, paper and lumber, plus the deficit-burdened state railway. Hobbled by price control, high taxes to finance lavish welfare programs and a chronic lack of capital, both nationalized and private industry have been loath to expand into new product lines or even to modernize plants rebuilt after World War II with $1 billion of Marshall Plan aid. On top of that, much of private industry is fragmented into pint-sized firms-25% employ no more than 20 persons. Predictably, they turn out goods in small...
...Midwest, mountains of grain lay aging in elevators for lack of boxcars to move the stuff to market centers. In the Far West, the area hardest hit by the boxcar shortage, at least 15 lumber mills have had to shut down temporarily because their production was far outdistancing their ability to transport. Similarly, because plywood plants cannot ship, the price of standard-grade plywood has jumped by more than one-third (from $62 per 1,000 sq. ft. to $86) in two months...