Word: nickels
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Briefly cornered by a Financial Post reporter in Toronto's Royal York Hotel last week, Liu denied that China has any further need for Canadian foodstuffs or metals, just the opposite of what Canadian traders had surmised. Last year more than 1,500,000 lbs. of Canadian nickel went to Red China via Hong Kong, and Sherritt Gordon Mines Ltd. shipped another 1,039,800 Ibs. to China directly, boosting Canada's 1960 China trade to $20 million. But in view of China's calamitous crop losses to flood and drought, Ottawa is still betting...
...food pellet per minute. Bright chimponauts soon learn this limitation. They work the levers only enough to collect one pellet. Then they goof off for 45 seconds until the machine is ready to start another cycle. "Two years ago," says Psychologist Rohles, "I wouldn't have given a nickel for a carload of chimps, but I can't praise them too highly now." Some of the Air Force psychologists even claim they are afraid to teach the chimps to play poker, for fear they would win all the loose cash on the base...
...combined earnings of the roads last year totaled $77 million, well ahead of the earnings of any other transportation corporation. President Saunders estimates that by eliminating duplicate tracks and terminals between the Wabash and Nickel Plate, he will save at least $25 million a year and make the profit picture prettier...
...Pennsylvania, which owns 28% (the largest single block) of the N. & W. and 99% Of the Wabash, has already blessed the merger. So have the Nickel Plate and N. & W. directors. The plan may be the first step in a Pennsylvania scheme to set up a huge eastern rail system that it will later try to join...
Saunders still needs approval by ICC and Nickel Plate and N. & W. stockholders. But no serious ovjections are expected. ICC Chairman Kenneth H. Tuggle reiterated last week what the agency has said before-that it is in favor of mergers that are in the public interest...