Word: lumbers
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Dates: during 1960-1969
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...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...
There was something of that starkness in the two-foot-long pieces of lumber on the ocean bottom. The planking had been preserved under the mud--toredo worms eat any un-protected organic material--and uncovered with an air lift, a sort of under-water vacuum cleaner. The planks were well turned-out, and some were joined in a V with wood dowels...
...away. Last week 28 Russian economists and technicians went to Tokyo and sounded as if they actually meant business. Mikhail Nesterov, president of the Soviet Chamber of Commerce and head of the delegation, said, "Western Siberia has reserves of 40 billion tons of oil, 42 billion cubic meters of lumber, vast amounts of iron ore, coal and nonferrous metals, all waiting to be tapped." He invited the Japanese to suggest methods of tapping them all and sharing the wealth...
...Purchase of Japanese lumbering machinery and equipment if the Japanese buy some of the lumber...