Word: copperizing
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...Relaxed procurement restrictions on steel, copper and aluminum. This was the initial step toward discarding the Office of Defense Mobilization's Controlled Materials Plan, which since July 1951 has allocated basic metals to industrial users. Defense needs and other allotments once met, producers and buyers may hereafter arrange their own sales on the free market. Auto manufacturers, for example, may now turn out as many cars as they wish, depending on how much steel or other materials they can find...
...prices (see NATIONAL AFFAIRS) than the law of supply & demand reasserted itself. In areas where shortages still existed, prices moved up. On the West Coast, crude oil went up 10? a barrel, and Socony-Vacuum predicted a nationwide boost of 1? a gallon in the price of gasoline. Scrap copper, supplies of which had dwindled to almost nothing in expectation of a free market, scooted up 4? a lb. to 25?. Since that was more than the ceiling price on refined copper (24½? a lb.), metalmen were sure that the refined metal will spurt closer to the world price...
Freedom & Control. Furthermore, many metals were still controlled, both by allocations and by price ceilings. For some metals (e.g., lead), now selling below ceiling prices, that was unimportant, but for others, notably copper, it was not. Copper, selling in world markets at 36½? a lb., has a domestic ceiling of 24½?. On such controlled industries, including steel and aluminum, the wage pressures would put an added squeeze. Since there were still material shortages, it looked as if the Controlled Materials Plan, or a modified version of it, would be kept to allocate metals...
Where Fronts Meet. Last week, at No. 10 Carlton House Terrace, London, the Huggins scheme was-earnestly debated. There were good arguments for federation: copper-rich Northern Rhodesia needs Southern Rhodesia's coal; both need Negro labor from overcrowded Nyasaland. Even more compelling in Sir Godfrey's eyes is the fact that Britain's East African empire is in danger of being submerged. "A Black Front," he says, "is advancing from [the Gold Coast]; a White Front [Boer South Africa] is moving from the south." Without federation, he told the conference, "the Rhodesias will become the clashing...
...vote him permission* to visit Chile later this month as the guest of his old friend and fellow general, President Carlos Ibáñez. During the seven-day trip, Perón expects to visit Santiago and Valparaiso, and to sign a treaty trading Argentine steers for Chilean copper...