Word: scrap
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...Ominous. For the price watchers, there have already been a few disturbing signs. In its latest survey, the National Association of Purchasing Agents found more prices going up than down. The prices of such basic metals as aluminum, copper and tin have risen. Scrap steel, electric motors and corrugated paper cartons are all more expensive now than a few months ago. Last week the major U.S. tire companies agreed that there should be an increase in the price of replacement tires - perhaps by 3% - to cover wage and benefit hikes won by workers...
...Every damned time I turn around," says Panama City, Fla., Scrap Dealer Joe LeSuer, a disillusioned Democrat, "there's some federal man in here telling me what I've got to do. Hell, I spend 60% of my time making out infernal forms that if I don't make out they can arrest me for." To Chicago Industrialist Robert Galvin, chairman of Motorola Inc., it amounts to a resistance to being "averaged down...
...Paris. The much-touted duel between Ferrari and Ford turned out to be a bust when none of the three new Ford racers-first team entry by a major U.S. manufacturer at Le Mans since 1928-managed to finish. California's Dan Gurney and Bob Bondurant saved a scrap of prestige for the U.S., placing fourth overall and winning the grand-touring championship in a Ford-powered A. C. Cobra. But Ferraris finished one-two-three, giving old Enzo Ferrari a record fifth straight Le Mans victory. >Santa Claus: the l½-mile Irish Sweeps Derby by a lazy...
Last week, in an effort to settle the whole scrap, the Metro Commission voted to pay Phillips the $975 set by Judge Eaton and accept the injunction that ordered him to remove the caboose. Phillips reluctantly agreed to go along. Looking back on the long fight, he says he would have preferred to be prosecuted in criminal court as a zoning law violator. He feels that then he might have pleaded his case before a jury that would have been more sympathetic than his neighbors...
...appearance of a tough young breed of entrepreneurs. Best-known among them is Eduardo Barreiros, 44, a onetime mechanic who built the nation's biggest automotive company, recently sold 45% of it to Chrysler for $19 million. Onetime Bank Clerk Jose Maria Aristrain, 48, started a scrap-iron business as a sideline, was so successful that he opened foundries, now operates plants that turn out 60,000 tons of steel a year. At 43, Engineer Pedro Duran is the aggressive president of the country's principal ship and locomotive building firm...