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...determine prices for many international transactions, are somewhat overstated since they are expressed in sterling and the pound has been sinking sharply in value. Even so, they are worrisome. Some examples: the sterling price of copper wire bars has jumped 83% above its 1975 low, zinc 44%, nickel 61%, tin 53%, cocoa 161%. In the U.S., soybean futures prices rose 13 cents, to $7.20 a bushel, last week on the strength of rumors of possible large sales to the Soviet Union and China. A recent Common Market economic report notes that the rise in spot commodity prices makes it unlikely...

Author: /time Magazine | Title: Business: A Run-Up in Raw Materials | 7/19/1976 | See Source »

...producing nations that a strengthening of the system of agreements on price ranges for commodities is necessary to maintain stability. The U.S., for example, once the staunchest supporter of a free market for commodities, recently decided for the first time to participate in the latest five-year international tin-pricing agreement. The U.S. also is leaning toward negotiating accords on several other raw materials. Despite these hopeful signs, however, the current rise in commodity prices is an unnerving reminder that the industrial world's recovery could conceivably self-destruct by going too fast...

Author: /time Magazine | Title: Business: A Run-Up in Raw Materials | 7/19/1976 | See Source »

...made it to safety. They watched friends and relatives carried out of their arms, or pulled older folks out of the water with bodies smashed, to have them die from internal injuries on the cold February night. One woman would testify, "to some the beating of rain on a tin roof is sweet music. To me it's like the beating of a death drum...

Author: By Joseph Dalton, | Title: Life, Liberty, and the Pursuit of Coal | 7/16/1976 | See Source »

...Then the Express rolled out its fashion layout, in which Actress Wood, disdaining the nymphic and childish, opted for something very Capone-ish. After that, it was back to rehearsals for a TV special, with Lord Olivier playing Big Daddy and Natalie doing a feline Cat on a Hot Tin Roof...

Author: /time Magazine | Title: People, Jun. 14, 1976 | 6/14/1976 | See Source »

Some Champions is a collection of Lardner's sketches and short stories, not quite his best work but in no sense resembling the failed first drafts and wadded-up fragments that literary trash sifters sometimes tie like tin cans to the reputations of the famous dead. All the pieces have been published, but none have been collected-some late works, because Lardner died before getting around to putting them between hard covers, and some early pieces, because he didn't know where they were. He never made carbons, according to his son Ring, Jr., and he fired...

Author: /time Magazine | Title: Books: The Ring Cycle | 6/14/1976 | See Source »

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