Word: coppers
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Dates: during 1940-1949
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...M.P.s took this with loud cheer and a grain of salt. Minister Cross cited acute German shortages: petroleum, iron, cotton, copper, wool, oils, fats. He reminded the House that there was in Germany an "abnormal desire to convert currency into goods from 'fear of future inflation. . . . Important steel works may have to suspend operations for lack of raw materials. Many factories making rubber are closing for lack of raw materials and others are working below capacity. There is a shortage of accessories. . . . The textile situation is acute...
...Copper. Not since October has the price of copper budged. At that time all leading producers put the price up to 12½?. Last week the price was split three ways on the downside. Buyers were sitting tight and production was running on. So the No. 1 U. S. copper customs smelter, American Smelting & Refining Co., began taking odd-lot orders at 12¼?, while its competitors were hopefully holding out for 12½?. Meanwhile, export copper and the price of a couple of marginal units slipped...
...wallets out of all proportion to their past needs. Economics Minister Dr. Walther Funk publicly complained that people were investing their money in bathtubs. Last week an official anti-hoarding campaign began as stories were circulated of a woman who bought six electric carpet sweepers, of others who collected copper coins, fur coats, oriental rugs...
From an economic standpoint, the Republicans argue that certain interests like copper mining are hurt when the United States Government allows foreign products to enter. But everyone has known since the classical argument of John Stuart Mill that lowering tariffs raises the standard of living for the country as a whole. The copper, shoe, and champagne industries may be hurt; but the export industries such as wheat, cotton, and automobile industries are helped to a greater degree...
...Spain, to Yugoslavia, to Turkey reach other important tentacles of the Allied economic strangling plan. Starving Spain needs wheat. Great Britain, having cut Generalissimo Franco off from his German ore markets, will give him foreign exchange to feed his country from South America by buying Spanish copper, iron ore, mercury and lead. Yugoslavia now furnishes Germany with copper (from British-French-owned mines), Turkey might furnish chromium. The Allies will buy these countries' exports of these metals, also taking Yugoslavia's entire export prune crop, Turkey's entire surplus of figs, grapes and some tobacco, to sweeten...