Word: rubberizing
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Dates: during 1950-1959
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...before the city's unfinished cathedral, for a "March of the Empty Pots." Policemen with loudspeakers warned the strikers to disperse. Instead the crowd grew. Firemen turned their hoses on the strikers, who reacted with laughter and jeers until the plainclothesmen waded in, swinging rubber truncheons. Saber-wielding cops on horses charged into the mob. Tear-gas bombs ricocheted off iron-shuttered shops and cobbled streets. Fifteen strikers were wounded, one cop stabbed...
...vulnerable aircrafts) as much as three points. This week the drop continued; in one day the Dow-Jones industnal index fell 5.93 points to 274.10. The heaviest selling began in commodities, not only on US. markets, but on Europe's bourses In the U.S., futures contracts in wool, rubber, sugar, soybean oil and grains went tumbling. In one day, the Dow-Jones index of commodity futures fell 2.69 points, biggest drop in two years...
...downs of the stock market, since it is the prices of raw materials that, in the long run determine many retail prices. And even hough some retail prices are still rising the worldwide price trend, forecast by commodities is downward. Many of the commodities, like wool and rubber, which had the biggest rise right after the Korean war, have had the sharpest fall since. The Government's index of all commodities (2,000 separate items) is not far above its pre-Korea level, but some key commodities (e.g., fats, oils and fibers) are below the June 1950 level...
What Goes Up . . . Actually, speculation and hoarding provoked by Korea drove most commodities higher than any shortage justified. But the rise stimulated bigger production, which helped knock prices down. Rubber shot as high as 75? a lb. But as soon as U.S. synthetic plants got into big production of rubber at 23? a lb., natural-rubber prices collapsed. Similarly, the slump in the textile industry sent wool tumbling...
...businessmen with sufficient cash. He announced the Government will sell its 50% interest-exactly five shares of common stock-in Jasco, Inc., a World War II prize confiscated from Germany's I. G. Farbenindustries. Jasco owns the basic patents on just about every process used in synthetic rubber, from butadiene for tires to butyl for tubes, Oppanol for insulation hose...