Word: metalized
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Dates: during 1960-1969
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Fearing the outbreak of renewed violence, hundreds of Ibos last week shuttered their shops in Lagos and crowded into Iddo Motor Park, eating palm-oil chop out of metal bowls and awaiting transportation to take them to the East. Thousands of Ibos fled in cars, mammy wagons and buses over the Niger River Bridge into the East, until Gowon ordered this last remaining road link with the East closed. Then they fled across the river in canoes. All along the swampy and grassy border areas, Ibo soldiers dug into foxholes. In the Eastern towns, however, the mood was ebullient...
...Occidental Petroleum's bitterly contested two-step offer last month to buy 23% of his asset-laden oil and farming firm. With such tactics, a group of Detroit financiers led by Donald H. Parsons, 36, has taken over five Michigan banks in the past year and forced American Metal Products into a merger with Lear-Siegler. Last week the Parsons group snared a sixth bank, the Monroe (Mich.) State Savings Bank, whose directors approved a tender offer for all its shares...
Skiing, say the experts, has advanced 30 m.p.h. in 30 years; metal skis, lightweight safety bindings, improved waxing and modern stretch suits have all aided that advance. Even foot racing has new and faster tracks, to say nothing of better shoes. In 1960, University of Oregon Coach Bill Bowerman developed shoes that weighed only 4 oz., compared with 6 oz. for the old "lightweights." The difference might seem minor, says Bowerman, "but you know what it meant in a mile race? The runner was lifting 200 pounds less." Now a German firm has produced a 2½ oz. shoe...
...Treasury expects to have sufficient "clad" coins available, it will stop holding down the domestic price of silver by selling it for $1.29 per oz. Next day, traders on Manhattan's Commodity Exchange bid up the price of silver to $1.67 per oz. Though the price of the metal for immediate delivery eased to $1.5085 by the end of last week, silver for May 1968 delivery rose as high as $1.60 before closing...
Still, the Treasury's once vast hoard of the metal shrank by mid-May to a mere 485 million oz. (a quarter of its 1960 size) as the Government was forced to stick to its policy of selling silver at a low-pegged price. For if the price of silver rises above $1.40 per oz., it becomes theoretically profitable to melt silver dimes, quarters and pre-1966 half dollars for their metallic content...