Word: scraps
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...Bourse, demonstrating a faith in their economy that has long been lacking. With hoarded francs or those repatriated from the uncertainty of Indo-China, they furiously bought stocks, driving the market to dizzy heights. Stock-exchange volume doubled in 1954, added still another 50% this year, soared with every scrap of good news. Powered by Esso Standard's oilfield discovery at Parentis-en-Born near Bordeaux (which nearly doubled France's domestic oil production), Esso stock went up from 7,000 to 90,000 francs in less than a year. Other shares rode along, though many paid only...
...accordance with the terms of Geneva, the French efficiently and soberly pulled out last week from Haiphong (pop. 200,000), their last territorial enclave in northern Viet Nam. Carefully collecting 300,000 tons of military hardware, including salvaged barbed wire and scrap-iron roofs torn from army warehouses, the French evacuated the last of 150,000 troops and 800,000 civilian refugees. Almost all the businessmen left town with them, Frenchmen, Indians, Chinese; those who remained hastily laid out $1.50 apiece for official, handkerchief-sized red-and-yellow-starred Communist flags...
...scores of other nooks and crannies of Government, less dramatic ways have been found to eliminate competition with private business. The Defense Department has shut down 24 scrap-metal operations, seven bakeries, nine laundries, a chain factory, a caustic-soda plant, four cement-mixing plants, a tire-retreading plant, two garden nurseries and four ice plants. The Navy, which has been manufacturing uniforms for years, has closed its clothing factory. It is bringing in more private yards to overhaul its ships, has boosted such contracts from $34 million in 1953 to $82 million in fiscal...
...time since 1953, N.I.C.B. thought "a substantial degree of inventory rebuilding was occurring," thereby reducing one of the sources of demand that might take up part of the slack when automakers cut their buying. Even as these reports were being issued, metal prices began to sag a bit. Steel scrap, critically short a few weeks ago, fell $2 a ton, and scrap copper declined...
Moral Victory. In Arequipa, Peru, beaten unconscious by 82-year-old Jose Ibarra, Saturnine Garcia, 110, recovered, amiably explained the scrap: "We were chatting about events of long ago. Jose got mad because I proved that I have a better memory for dates...