Word: scrap
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Dates: during 1960-1969
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Rich in folklore, controversy and profits, the scrap industry is an unglamorous giant that has been spoofed, needled and assailed by writers from Charles Dickens to Garson (Born Yesterday) Kanin. The public insists on calling its chief product junk, but this affront has not prevented scrapmen from making millions by marketing the oddments that other people throw away. To the steelmakers they sell rust-worn barbed wire from the farms, torn-up tracks from the railbeds and used appliances tossed out by housewives. They move mountains of junked cars into grasping incinerators that burn off paint, cushions and fixtures, then...
After earning tall profits and extravagant criticism in times past, scrapmen are now faced with soft demand and sluggish prices. No company has been hit harder than Manhattan's Ogden Corp., the world's biggest scrap company. Last month Ogden reported that sales-30% from scrap and the rest from other activities-dropped from $436 million in 1961 to $406 million last year; its Luria scrap division lost money for the first time in its 74-year history. Ogden's candid President Ralph Ablon, 46, admits that the scrapmen's current troubles stem partly from their...
Holes in One. Miniature golf, idiot's delight of the Depression years, is also coming back strong. In the 19303, Tom Thumb courses sprouted in everybody's vacant lot, set up for about $30 in cash, some scrap lumber and a can of paint. Today they tend to be elaborate and mass-produced, leased on a franchise basis...
...Knoedler & Co. form the biggest assembly of these fragile sketches since the 1907 memorial show in Paris, held a year after Cézanne died. They are priceless, rainbow-hued documents of his passionate, lifelong homage to nature, but Cézanne often treated them like so much scrap; he even lighted the stove in his Provençal studio with works that might now be worth as much as $16,000 each. Only the foresight of his friends and early admirers-Gertrude Stein. Monet, Degas, Renoir, Pissarro-saved those that are left...
...ingots, stamped with Cypro-Minoan signs. She also carried ingots of tin, probably from Syria, that have long since turned to white oxide. Packed in wicker baskets, are fragments of broken bronze tools, weapons and household utensils. Apparently the ship was a floating factory, turning copper, tin and bronze scrap into equipment for warriors, farmers and housewives of the Homeric...