Word: lumbering
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Dates: during 1950-1959
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...national product jumped from $17.8 billion in 1950 to $21 billion in 1951 (making it roughly comparable to the national product of France). Her foreign trade and cash farm income both rose an estimated 25%. Production boomed in all the country's traditional exports-newsprint, wheat, lumber, asbestos and nickel. But the most striking figure of all was the year's new capital investment of $4.6 billion ($800 million from the U.S.). That made 1951 far & away the biggest development year in Canadian history...
Cradled between the northern Rockies and the Cascades is a vast area-eastern Washington and parts of Montana, Idaho and Oregon-which natives like to call the Inland Empire. Bigger than New England, it is rich in wheat, minerals, apples, lumber, scenery-and atom-bomb works. The-chief bellringer and arbiter for the empire is the Spokane Spokesman-Review, a newspaper which President Truman in one of his cocky moods once paired with Bertie McCormick's Chicago Tribune as "worst" in the country...
...Johnson Lumber Corp., one of the biggest and most profitable in the Northwest, had a vexatious problem: too much cash on hand and more profits pouring in from its huge timber stands. If the $6,375,000 in cash and Government bonds in the company till was paid out in dividends to the Johnson family, which controlled the company, most would go for income taxes. The Johnsons talked their problem over with another lumberman, 48-year-old Owen Cheatham, president of the Georgia-Pacific Plywood Co. Cheatham had worries also...
Ground was broken in April. A Garden City lumber company donated $1,400 worth of material, a contractor in the parish furnished labor, as did other men from the church and community...
...C.C.A. will build a $16 million nitrogen plant at Lawrence, Kans. with $6,000,000 borrowed from C.C.A. members and the rest from the RFC. C.C.A. will also build a 5,000-barrel-a-day catalytic cracker for its refinery at Phillipsburg, Kans., open $1,000,000 worth of lumber kilns at its mill in Swisshome...