Word: propped
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...badly off. It has only a little more than 3,000,000 bags in storage, and most of this is the result of an agreement reached last year between Latin America's seven biggest producers to hold some coffee off the market in an effort to prop prices. Just the same, Colombia's exporters are grumbling that holding back only encourages rival African producers to enlarge their share, now about 20%, of the world market. Pegged prices, they insist, allow African producers to undersell them...
...ironed out. The Export-Import Bank will probably put up $15 million; the rest will most likely come from Mutual Security Agency coffers. Even the use to which the money will be put is not certain, but basically the loan's function will be to provide a dollar prop for Chile's sagging peso, hard hit by a world slump in copper prices. Last week the peso was so shaky (off from 493 to the dollar to 780 at the free-trade rate since April, 1956) that Chileans were forced to stop all imports from...
Andy's Hotel (prop. Andrew Knutson) used to be the place to go in Oklee, Minn, pop. (510). A good deal of its charm lay in its restaurant, where the innkeeper's blonde, comely wife Cornelia Knutson cooked hearty food, waited cheerfully on tables and made the guests feel right at home. But no longer: in 1954, popular "Coya" Knutson, long active in Minnesota's Democrat-Farmer-Labor Party, ran for the U.S. House of Representatives, visited every farm in northwest Minnesota's Ninth District, won, and went off to Washington. With Coya gone, the hotel...
...really gets hurt in the present production, however, except the central prop--a badly over-taxed bed which resoundingly gave way at the beginning of the last act Saturday night. The mishap seemed more natural than accidental...
...long since jumped the Eisenhower team on farm policy, began by urging a last-ditch plea for the President to sign. Nebraska's Carl Curtis backed him up, and North Dakota's Milton Young remarked tartly that President Eisenhower had certainly not been talking about farm-prop cuts during the 1956 campaign. Quite the contrary, claimed Young, and added portentously: "Explain that to your farmers." Colorado's Gordon Allott suggested that the caucus might take advantage of the recession by casting the farm freeze as one of the antirecession pump-primers currently in favor with both...