Time Clock, Aug. 30, 1954

TARIFF INCREASES on lead and zinc, recommended by the Tariff Commission, were rejected by President Eisenhower, who thereby spiked fears that his watch-tariff boost (TIME, Aug. 9) indicated a protectionist trend. To bolster U.S. mining, Ike announced a sharply increased stockpiling program for lead and zinc.

STOCK EXCHANGE SEATS are going up in price as trading volume expands. Last week one seat sold for $69,000, another for $70,000—almost double last November's bargain-basement price of $38,000 and 30% above July's price of $54,000. Lowest price in modern times; $17,000 in 1942; alltime high: $625,000 in 1929.

NORTHWEST AIRLINES has offered its presidency to Donald...

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