Word: alcoa
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Dates: during 1940-1949
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Bright-eyed, scrawny-necked, 72-year-old Judge Caffey had sat through one year and 18,331 pages of Government testimony to the effect that Alcoa was a trade-restrainer, should be broken up into several parts. He had sat through another 14 months and 22,377 pages of Alcoa defense. Then, while exhibits and interrogations brought the record to 58,000 pages, Judge Caffey took 5½ months off to study it and make up his mind...
...five days in a row last week, had another four or five days to go. His high-pitched emphases and muttered diminuendos even included instructions to the stenographers: "period, paragraph . . . quote, parenthesis . . . unquote." His whole audience was fascinated by his virtuoso command of the case. But only the Alcoa men were pleased...
Stranded in New York, Mobile, New Orleans, Norfolk, Tacoma, were freighters and passenger ships. Chiefly affected were ten vessels of the Alcoa Line, which carry supplies to defense bases in the West Indies, bring back bauxite from Surinam (Dutch Guiana). Bauxite is the raw material of aluminum, which is the most publicized of defense-program shortages...
Making a "shipping agent" of the Alcoa Line (which had been willing to arbitrate), the Commission set up its own hiring hall, began signing on men. At week's end, after a seven-day tie-up, two of the struck cargo vessels, the Alcoa Banner and the Alcoa Trader, steamed out of New York Harbor. Others would follow as fast as they were loaded and the Commission could man them...
...smelters agreed to pay 11.5? a pound for the scrap, but meanwhile Alcoa has announced that on Sept. 30 the price of virgin aluminum will be reduced from 17? to 15? a pound. Fearing that Leon Henderson will make a similar reduction (from 17?) in his ceiling on secondary aluminum (made from scrap), the scrap smelters-mostly smallish businesses-are jittery about being squeezed between the price they have to pay and their selling price...