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Like ripples from a pebble dropped in water, the war's effects last week spread in ever widening circles through the U.S. economy, stirring a mild backwash of inflation. All over the U.S. prices were shooting upward. Last week alone, tires went up as much as 12½%, tin rose 15? a Ib. to 97? in New York, cotton futures soared $10 a bale in one day. Overall wholesale prices bounced higher; the Bureau of Labor Statistics reported a week's rise of 1.8% in its wholesale price index...

Author: /time Magazine | Title: Wider Ripples | 7/24/1950 | See Source »

...materials. They were already so scarce that new war orders were bound to force some cutback in civilian production. The word from Washington was that President Truman, in his speech to Congress, would ask for powers to allocate steel, crude rubber, manganese and tin to manufacturers with war orders. And the President also wanted powers to tighten credit (e.g., charge accounts, installment buying, etc.). But industry got assurance that the President would ask only as much power as the emergency requires...

Author: /time Magazine | Title: Wider Ripples | 7/24/1950 | See Source »

...right down to Peck's droopy mustache. But, like its outlaw hero, it comes to a bad end. Its plausible air lasts until the final scenes; then the hero goes out of character and the picture goes off on a little sentimental jag to treat him like a tin...

Author: /time Magazine | Title: Cinema: The New Pictures, Jul. 17, 1950 | 7/17/1950 | See Source »

...coffee-booming republic's approximately $23 million worth of gold coins and large bills, a study showed, more than half was being hoarded. Since the Twenty Families hoard U.S. dollars if they hoard any currency, all those colones must be in the mattresses and buried tin cans of other Salvadoreans. "There is a middle class in El Salvador," said Tucker, "and I am prepared to prove...

Author: /time Magazine | Title: EL SALVADOR: Discovery of a Middle Class | 7/10/1950 | See Source »

...Exchange, the price of rubber soared the permissible daily limit of 2$ a lb. Though Washington officials denied any plans to speed up buying for the Government stockpile (now only about 40% complete), commodity men did not believe them: up also went the futures prices of grains, copper, lead, tin and zinc. In five days, the Dow-Jones index of all futures prices rose 3.95 points to 150.48, highest close since July...

Author: /time Magazine | Title: Fiction & Fact | 7/10/1950 | See Source »

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