Word: nickel
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Dates: during 1960-1969
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...dozen. The price of pork chops in Boston increased from 99? to $1.39. One shopper in Cuyahoga Falls, Ohio, Mrs. Richard Davis, protested: "This can of soup had four prices on it when I bought it." The final price was 11? more than the first. The nickel Hershey bar vanished, and practically nobody could find a 10? cup of coffee...
...tireless warnings that businessmen who bet on persistent inflation are bound to lose, the bets are still being placed. Wholesale commodity prices continued to rise at an estimated 4.8% annual rate in November. The index will almost certainly move up again this month because higher prices for nickel and lead were posted last week...
...International Nickel Co., the world's largest producer, followed an expensive settlement of a 128-day strike at its Ontario mines by announcing a 24% price increase. The move is bound to have major effects in the U.S. Stainless-steel producers, who use 37% of all nickel, are expected to increase prices shortly, for the third time since January. From nickel-plated auto bumpers to jet engines, many products are sure to cost more...
...rise in nickel prices had been expected, but the increase from $1.03 per Ib. to $1.28 was the largest in this century. Inco rested its case for the steep rise as much on its plan to spend $600 million for expansion by 1973 as it did on the wage increases. Even without the strike-induced shortage, the world demand for nickel has been outpacing supply, and the imbalance could continue for several years...
...same day as the nickel increase, major U.S. producers of lead lifted their prices by 1/2?per Ib., to 16?, the sixth increase this year. Almost immediately, General Battery Corp. said that automotive and industrial batteries, which contain much lead, would go up. 5%. The higher lead prices reflect greater world demand for the metal and a paucity of new supplies...