Word: metrics
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Dates: during 1960-1969
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Dwindling Surpluses. The major reason for the price rise is the startling decline in U.S. farm surpluses. Because of Government crop controls and the increasing size of foreign-aid shipments of food to famine-threatened nations, the wheat surplus has dropped since 1963 from 32.5 million to 15.2 million metric tons, is now below the minimum needed as insurance against domestic crop failure. In addition, bad weather reduced this year's harvest. Speaking at the Miami convention of the National Association of Food Chains last week, Boston Supermarket Executive Gordon F. Bloom said: "American consumers have grown accustomed...
...Cargill, Inc. last month closed its largest elevator in Buffalo. With India consuming a quarter of the U.S. wheat crop this year, as against a fifth last year and an eighth five years ago, U.S. wheat stocks now stand at a 14-year low of just over 15 million metric tons, not enough for adequate protection against a domestic crop failure. The supply of soybeans, the dull yellow seed that goes into everything from vegetable oil to paint and constitutes the world's cheapest source of protein, equals just four months' consumption. Five years ago, Government warehouses were...
...than $1 billion to clear away the debris, rebuild the fleet, deepen the rivers and improve the country's 65 inland ports. Reason for continued reliance on the Continent's oldest form of transportation: it is still the cheapest way to ship bulk freight. To move a metric ton of coal from Duisburg to Mannheim, for example, costs $1.87 by water, $4.87 by rail...
Cars & Cow Dung. Compared with the nation's potential, India's economic progress during 18 years of independence is modest enough. Before independence, India had three steel mills; today there are six, producing 4.3 million metric tons of finished steel last year (v. 39.7 million metric tons for Japan). Where there was one oil refinery before 1947, there are now five. At plants in Calcutta, Bombay and Madras, India produces three makes of automobiles, all small but expensive (prices range from $2,186 to $2,347; delivery guaranteed within two to eight years). Bicycles are far more popular...
...surprisingly, the French, who first introduced the metric system after the Revolution, were delighted. Said Paris' Le Monde, almost kindly: "The fact that the British have given themselves exactly ten years to adopt the decimal system is a happy omen. Had they been true to form, one fears they would have given themselves a period more in conformity with their tradition of measurements, such as twelve years, six months and 14½ days...