Word: oils
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Dates: during 1940-1949
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Winston Churchill received tributes by the hundreds† and presents by the score on his 73rd birthday. Among the presents: a bold seascape in oil by seven-year-old Grandson Winston II, whose art teacher is his grandfather. Winston II explained to the inquiring press why he hadn't yet done a portrait of his grandfather: "He wouldn't keep still...
...soybean product in the news last week was something called Multi-Purpose Food, developed in Los Angeles by Dr. Henry Borsook, Caltech nutritionist. To soybean grits (the material left over after the beans' oil is extracted), Dr. Borsook added minerals, synthetic vitamins, flavoring materials and hydrolyzed yeast. The mixture looks like speckled, light-buff cornmeal. It has twice as much high-grade protein as beef, and more vitamins. It lacks vitamin C (unstable to temperature changes) and is low on calories. But two ounces of the stuff, supplemented with leafy vegetables and a little bread or potatoes, provide...
Lesson for France. The move was well timed. It came when Italy had surpluses for export (olive oil, wines, glassware). By reducing the cost of Italian products (in terms of other currencies) the government put Italian business in a position where it could sell to the world, and in particular...
Lesson for Reds. The first results of the new devaluation program looked good. When Italy cut back the value of the lira before (last week was the third time since the liberation), domestic prices went up. Last week, they dropped. In Rome, housewives found that poultry, olive oil and sugar prices were down 20 to 50%; meat which had cost up to 900 lira a week before could be bought for under 500. Farmers, who had refused to sell their products when the lira was becoming more worthless every day, now hastened to unload as it increased in real value...
Said a Standard Oil man: "A horrible surprise." The rest of the industry felt the same way. Last week, only six weeks after a 20?-a-barrel increase in the price of crude oil had upped retail gasoline and oil prices, Sun Oil Co. raised its buying price for crude again. This time the price went up 50? a barrel, the largest single rise oilmen could remember in years. It brought the price of crude bought by Sun Oil to $2.65, highest since...