Word: tinning
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Dates: during 1950-1950
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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 $10 a bale in one day. Overall wholesale prices bounced higher; the Bureau of Labor Statistics reported a week's rise of 1.8% in its wholesale price index...
...materials. They were already so scarce that new war orders were bound to force some cutback in civilian production. The word from Washington was that President Truman, in his speech to Congress, would ask for powers to allocate steel, crude rubber, manganese and tin to manufacturers with war orders. And the President also wanted powers to tighten credit (e.g., charge accounts, installment buying, etc.). But industry got assurance that the President would ask only as much power as the emergency requires...
Died. George Card ("Buddy") De Sylva, 54, ubiquitous songwriter of the 20s, Hollywood and Broadway producer; of a heart ailment; in Hollywood. As a Tin Pan Alley lyricist, he wrote such hits as Sonny Boy, Memory Lane, Somebody Loves Me. In the '30s, turned moviemaker, he produced five Shirley Temple heart-throbbers. In 1939-40 he tried Broadway, produced three smash musicals (DuBarry Was a Lady, Louisiana Purchase, Panama Hattie] within a year...
...right down to Peck's droopy mustache. But, like its outlaw hero, it comes to a bad end. Its plausible air lasts until the final scenes; then the hero goes out of character and the picture goes off on a little sentimental jag to treat him like a tin...
...Exchange, the price of rubber soared the permissible daily limit of 2$ 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...