Word: plywoods
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Both the housing and plywood industries blamed their slowdown on a tight money market, but last week the Federal Reserve Bank permitted more banks to expand their lending capacity, continuing a definite easing of money policy that has quietly been taking place...
Foreign Discrimination. Despite the rise in exports, many U.S. industries complain that foreign nations are moving far too slowly to ease trade barriers. Last week the French government took a step to ease restrictions, lifted import quotas on more than 100 products, including chemicals, phonographs, dictating machines and plywood, rubber and plastic equipment. By 1961 France hopes to end all quotas. But U.S. businessmen face some new restrictions, not only in France but in other nations...
...column after ecstatic column, the Russian press covered the rescue and the landing of the boys in San Francisco, where they got ceremonial plywood keys to the city from Mayor George Christopher (just back from a visit to Moscow), were outfitted in new clothes, filled with Cokes, and taken on a tour. (They proved grateful but reticent heroes, and a bit overwhelmed.) Khrushchev's cables to them were also printed ("We are proud and filled with admiration"), as well as his cable to President Eisenhower ("The gallant conduct of the American seamen is an expression of those friendly relations...
...causes as much furor). Every morning he barges out of his rented town house on California Street in northwest Washington carrying the last night's bundle of homework, hops into the rear seat of a chauffeured, telephone-equipped Government Lincoln and heads down the avenue. In his cherry-plywood-paneled office, he pulls off his jacket and goes to work standing up. Pacing the floor, he rattles his points over the phone (President Eisenhower is "Sir," everybody else "Fellow"), dictates a blistering letter, or officiates at a staff meeting...
...Pacific Northwest lumber industry, in a price recession since July, noted a turn-around in buying for 1960 construction. Price of the most popular grade of plywood jumped $4 per 1,000 bd. ft. in the week...