Word: timbers
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Dates: during 1960-1969
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...second consecutive year. Unemployment has gone up (2.5% of the work force), production has fallen, and investment is at a virtual standstill. Forest products-including paper and pulp-which employ over 20% of the work force and account for two-thirds of Finnish exports, are badly squeezed. Timber owners, mostly small farmers, are holding out for higher prices. Some mills closed down this year, others are working at insignificant margins or at a loss. "Against this background it would have been difficult if not downright impossible to tighten credit policy further," said Bank of Finland Governor Klaus Waris...
Flaring through parched timberland in the drought-stricken Pacific Northwest last week, the worst forest fires in more than half a century defied efforts to contain them. So far this year, some 1,800 fires have destroyed more than 105,000 acres of timber in Montana, Idaho, Oregon and Washington. Fire-fighting costs have climbed to $17 million; damage to the economy of Oregon alone is estimated at $5,000,000 a day. Because of the menace, most of the national forests in Montana, Or egon and Washington were closed to tourists and logging. President Johnson has declared Idaho...
...solid whiteoak timber...
...Braving such obstacles, Lusteveco deploys a fleet of 500 trucks on land, a small coastal navy of 16 tankers, 107 tugs and 448 barges at sea, and a string of modern warehouses at major ports. The company moves 80% of the country's vital interisland traffic: home-grown timber, coconut and sugar on its way to port for overseas markets; steel, machinery and other imports headed from Luzon to other parts of the nation. Lusteveco stevedores shoulder nearly all the Philippines' foreign trade borne by ships, which may be docked by Lusteveco tugs, provisioned at Lusteveco terminals, rescued...
Died. Eugenia Childs Westmoreland, 81, mother of General William Westmoreland, commander in chief of U.S. forces in Viet Nam, a tiny (5 ft.), genteel Southern lady who recently greeted talk of her son as presidential timber with a pert, "Oh my, he's too young to be President"; of congestive heart failure; in Columbia...