Word: softwoods
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...right to cut timber in national forests. Even last year, when demand was dampened by a slump in home building (housing starts were 43% below 1973), the harvest from 155 national forests still topped 9 billion board feet, or 27% of the industry totals. Most of it was softwood for paper products and the building industry. But now this arrangement has been completely upset by environmentalist suits...
...Distillers are already clashing over the market for lights. Brown-Forman got Government approval to bring out a new light drink this year-a clear-as-vodka, 80-proof potion called "white whisky." The drink, named Frost 8/80, is distilled at more than 160 proof, then filtered through hardwood, softwood and nutshell charcoal to make it colorless. Schenley, National Distillers and American Distilling have brought suit -so far unsuccessfully-to halt the marketing of Frost 8/80. They accuse Brown-Forman of jumping the gun on their spirits of '72 and of causing confusion that could hurt light whisky...
Consumer prices may rise more slowly in the months ahead. One indication is that wholesale prices were moving up only modestly during April, in contrast with strong advances during several earlier months. Softwood lumber prices, for example, jumped by 61% in March, but have begun falling again. For the moment, however, high prices are hurting not only the consumer but the exporter. The U.S. balance of payments, which was $990 million in the black at the end of last year, is expected to show a large deficit for the first quarter of the year. The important trade balance...
...ground; walls must be at least 42 in. high and floor boards at least 1 in. thick; the houses must be framed by two-by-fours and attached, with 16-penny nails, to branches no less than 5 in. in diameter for hardwood trees or 7 in. for softwood. So far, the inspector has served violation notices on eight families...
...first homemade automobile, the Anadol, a sprightly little sedan that will go into production next month. "We are up to our ears in projects," Demirel says excitedly. "There is plenty of copper, lead and zinc in eastern Anatolia. There is some oil. There are magnificent stands of hardwood and softwood timber. Tobacco is already thriving around Izmir. There is great potential for livestock. Our Mediterranean coastal beaches could bring us $100 million a year from tourism...