Word: dmpa
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Dates: during 1951-1951
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...Agency. It made a deal with the giant Anaconda Copper Co. to boost its output more than 30,000 tons a year by putting Nevada's Yerington mine into production. Chairman Cornelius Kelley will spend $33 million of Anaconda's money developing the property; for its part, DMPA agreed to buy any copper from the mine that Kelley cannot sell in the first six producing years, for 25½? a Ib. (v. the present ceiling price of 24½?), the first premium price deal for metals to be made by the Government since World...
When Mobilization Boss Charlie Wilson heard about the tangle he worked out a plan, went straight to the White House. Last week Harry Truman acted. He set up the Defense Materials Procurement Agency, transferred to it powers from all over the mobilization map. To boss DMPA (already being called "Dumpa" in Washington) he appointed Jess Larson, 47, ex-boss of the War Assets Administration and since 1949 chief of the General Services Administration...
...rubber imports, then resold the rubber to private industry at a loss. By so doing, he drove the import price down to its present 46? a lb., but Larson is selling to industry at 52? until the Government's loss on the purchases is recovered, As head of DMPA, Larson will be responsible to Charlie Wilson for finding, buying and expediting the production of 93 critical materials ranging from aluminum and cobalt to mica and sperm...
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