Word: lumbering
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...prices of 1975 model cars and trucks by an average of $480 or 9.5%, nearly duplicating in a single stroke the $500 in price hikes that automakers posted in five stages on their 1974 models. Indeed of 15 major commodity groups included in the wholesale price index, only one, lumber and wood products, declined, and that dip was not reassuring; it reflected the sharp drop in housing construction. All told, the wholesale price index in July was 20.4% higher than in the same month last year...
...Kansas-born son of a retail lumber dealer, Rhodes moved to Arizona after World War II and began to practice law. In 1952, at the same time his friend Barry Goldwater was elected to the U.S. Senate, Rhodes became Arizona's first Republican member of the House of Representatives, and he has been there ever since. He has held important posts on the Appropriations and Republican Policy Committees, and he has worked hard, as befits an Arizona Congressman, to secure for his state a larger share of Colorado River water...
Spokane, in the wheat and lumber country of eastern Washington State, was named for an Indian tribe called "children of the sun." Until recently, however, the 100-year-old city was gradually falling under the shadow of urban blight. Now one of the few internationally sanctioned expositions held in the U.S. since the great New York World's Fair of 1939 has helped Spokane (pop. 180,000) become once again a sunny place for children- and their beguiled parents...
...confined to a 3% drop in wholesale farm-product prices, which should lead to a welcome decline in some retail prices within the next few weeks-but many economists believe that the downward pressure on food is about spent. Industrial products ranging from iron and steel scrap to lumber, cotton, man-made fibers and animal hides rose an average of 2.3% in April, a figure that almost equals the torrid pace set earlier this year. Overall, the wholesale index in the past three months has risen at a compound annual rate of 13.5%, a sure sign that scorching inflation will...
...consumer. The run on commodities, however, has hurt everybody. Investors seeking tangible value have speculated wildly in wheat, sugar, potatoes, copper and lumber, helping to set off a mad spiral in the prices of these and other basic raw materials. A Reuters index of 17 commodity prices has zoomed from 509 in the fall of 1971 to 1,422 in March (see chart page...