Word: shellac
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Dates: during 1950-1959
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...unusual as the circular office building, the first of its kind in the world, is its owner-Capitol Records. Fourteen years ago Capitol was a shellac-like gleam in the eyes of three founders (including Blues in the Night Composer Johnny Mercer), who put up a grand total of $10,000. Last year Britain's giant, conservative Electrical & Musical Industries liked the company so much that it paid $8,300,000 for 96.4% of Capitol's stock...
...Bank, the city's leading maker of personal loans, hiked interest rates from $3.83 per $100 to $4.25, the first rise since 1937. The Chase National Bank also boosted its rates. Prices started to edge up for a growing number of basic materials-steel pipe, cement, nickel, platinum, shellac, plumbing fixtures-and increases loomed for dinnerware, pots and pans, drapes, rugs, toys, refrigerators, washing machines. Retailers, trying to hold the price line, warned that unless the pressure eases, they will have to give way and also boost retail prices...
Meanwhile, a new shellac which was colorless, waxless and impervious to moisture had been developed in Britain. Deciding that they had little to lose, Italian restorers injected quantities of the British shellac into the rotting wall. Within a year the mold had entirely dried up, and the painting remained...
diplomatic counterplay. Two weeks ago, India signed a five-year trade agreement-of unspecified amount-with Moscow, pledging to send jute products, tea, coffee, shellac and black pepper to Russia in return for 39 items, such as petroleum, "iron and steel manufactures," and "a wide range of industrial equipment." This agreement could easily be turned into supplying India with Russian military hardware, if the U.S. and Pakistan made a deal. In New Delhi, foreign diplomats suspect that it was Russia that first suggested this possibility to India...
...original brilliance. It is too far gone for that. But Italy's experts think that the restoration job has brought the Last Supper closer to the original than it has been within the memory of living man. And what's more, says Restorer Pelliccioli, his special shellac skin ought to keep it that way as long as the wall stands...