Word: scrap
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Moneymen are also cheered by a recent sharp plunge in some commodity prices. Wheat, for example, dropped from $6.11 per bushel in February to $3.62 last week, beef cattle from $46.25 per hundredweight to $38.90, and steel scrap from $115 per ton to $100. If these drops continue, economists believe, corporations will stop scrambling to borrow in order to stockpile raw materials. Indeed, they may sell off some of their present inventories and start repaying their loans...
...will have to have this blank piece of paper filled by June 3, the date set for the release of the new Kennedy Library plans. The designer has repeatedly had to scale down and even scrap many of his original plans to appease local civic and architectural leaders who fear environmental damage to the Cambridge-area community...
...Scrap Subjects. Gothard, cheerfully convinced that he teaches only what the Bible does, is less concerned with his critics than with administering a budget that should reach $8 million this year. The money goes into a 200-acre headquarters complex in Oak Brook, Ill., where a staff of 70 answers 200 spiritual "Dear Abby" letters per month, prepares advanced seminars and is developing a national training center for pastors and schoolteachers, as well as a "character curriculum" that he hopes many colleges will adopt. According to Gothard, they should scrap conventional subjects and rebuild courses around 49 virtues, including diligence...
...good news was confined to a 3% drop in wholesale farm-product prices, which should lead to a welcome decline in some retail prices within the next few weeks-but many economists believe that the downward pressure on food is about spent. Industrial products ranging from iron and steel scrap to lumber, cotton, man-made fibers and animal hides rose an average of 2.3% in April, a figure that almost equals the torrid pace set earlier this year. Overall, the wholesale index in the past three months has risen at a compound annual rate of 13.5%, a sure sign that...
...bomb was missing, and no amount of searching succeeded in locating it. As the military sweated, a senior officer happened to visit a dump on a military base. He strolled between piles of discarded A-bomb casings that were about to be offered for sale as scrap. There among the rejects he found the missing bomb...