Word: lumber
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...been touched off by a holiday firecracker. It broke out early on New Year's Day in a waterfront lumberyard in Valparaiso, Chile's chief port and second city (pop. 240,000). Merrymakers gathered in thousands to watch as the flames roared through five huge stacks of lumber and spread to a few nearby buildings. It was a spectacular New Year's show. But within an hour, cheered on by their wives and children behind the police cordons, the firemen (volunteers, like all Chilean bomberos) seemed to be getting the blaze under control, and the watching crowds...
Hungary. Deputy Premier Erno Gero told his Communist Central Committee last week that the country is doing just fine-except in coal, steel, power, transport, building, lumber and farming. There has been "a tremendous upsurge of our industry," but "here & there" are inconsistencies. Among them...
Business Career: Started as a lumberjack with the Black River Lumber Co. in south Vermont, advanced to logging foreman, moved up to company treasurer in 1921. As treasurer, he trimmed the budget so effectively that he was grabbed off by the parent company, the Parker-Young Co. of Lincoln. N.H.; rose to be general manager...
...major reasons why the U.S. has found as well as consumed more oil each year, says Jacobsen, is the impetus given to oil hunting by the Government's depletion allowance. (A similar allowance is also given on other minerals and on lumber.) Though Harry Truman and other Fair Deal politicos have railed against it as a tax steal, Jacobsen points out that the allowance has made possible a multitude of industries based on expanding oil production, and thus vastly added to the corporate taxpayers. "Moreover," says Jacobsen, "gasoline is lower-priced today, without taxes, than...
...flew around the field at a height of about 40 feet for 8.9 minutes. The XH-17, built for the Air Force by Planemaker Howard Hughes, is designed to lift for short distances loads of several tons (e.g., artillery, bridge sections, tanks and trucks) by straddling them like a lumber carrier. Power is provided by two General Electric turbojet engines astride the fuselage plus afterburners on the rotor tips. Like the Air Force, the Army is also deeply interested in helicopters. Last week it added $200 million to its 1953-54 budget to buy some 4,000 smaller helicopters...