Word: tinning
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Dates: during 1950-1959
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...which already has an adequate tin stockpile, last week signed a contract to buy 10.000 tons of tin concentrates during the next year from Bolivia. The price: the New York market quotation at the time of delivery. For Bolivia, whose economy is almost totally dependent on tin production (tin exports give it more than 80% of its foreign exchange), the agreement meant a guaranteed market for a third of its output, and a chance to bolster its sagging economy...
Thus, with the poetic license of storytellers through the ages, TV Comedian Steve Allen updated the Grimm fairy tale in jazzdom's Down Beat magazine last spring. It was intended only as a private joke for bopsters, told in the latest Tin Pan Alley argot, where "cool" means good, "crazy" means wonderful and anything that is really tops is simply called "the most." But the tale quickly reached a larger public when Manhattan Disk Jockey Al "Jazzbo" Collins read it over the air, then recorded it for Brunswick. The record has sold a reported 200,000 copies to become...
...Dough. Canned beef pot pie was put on the market by Trenton Foods, Inc. of Kansas City, Mo., which claims to be the first to can dough successfully. The pie needs no refrigeration, can be baked right in its pie-pan-shaped tin. Price: 69?, enough for three servings...
When the Korean war set off a surge of inflation, few commodity prices shot up faster than those of such critical metals as tin, chromium and copper. In the shake-out that started in commodities almost a year ago (TIME, Oct. 20), the overpriced metals began losing some of their altitude. Last week, in the wake of the Korean truce, they were dropping again. Lead and zinc were selling near their June 1950 levels; tin had fallen 35.8% below its February high of $1.21½ a Ib.; chromite ore was down 42.6% to $56 a ton and still falling...
...price drop in metals will help U.S. manufacturers cut their costs. But it will work a corresponding hardship in the producer nations. In Malaya, where tin is one of the main props of the economy, 54 tin mines have shut down in the last few months, and more are on the verge of closing. Turkey is also feeling the pinch. For more than two years, Turkey has sold more than two-thirds of its output of chromite (used to harden steel) to the U.S. The dollars it earned have helped to pay for the capital-works program which is lifting...