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This week a pilot plant at São Paulo was ready (except for a chemical solvent which must be obtained from the U.S.) to start converting 50,000 bags of coffee a year into cafelite. About to be built, possibly with Export-Import Bank funds, is a $3,500,000 main plant which will consume 5,000,000 bags of coffee a year, produce 350,000,000 lb. of cafelite. Current world production of plastics powders is 500,000,000-750,000,000 lb. a year...
...believe that the present crisis in human history exceeds in magnitude and in spiritual import any that has ever preceded it. ... No words can adequately appraise the splendor of comradeship, courage and self-sacrifice shown by so many of our people. These qualities are found in non-Christians as well as in Christians. They are of God wherever found. . . . Let us so turn to God now that if in His providence victory is ours, we may neither waste nor misuse the terrible responsibility of victory but may turn it to the service of God's laws in the reordering...
Shortage of scrap put the screws on the whole U.S. steel industry last week. Bethlehem's President Eugene G. Grace gloomed that the situation was "very, very serious," that Bethlehem had been forced to import some of its scrap from Mexico and Cuba, that it now had only two weeks' supply on hand. A Wheeling Steel Co. plant in Portsmouth, Ohio cut production 1,300 tons a week because of the shortage. Cleveland mills were able to buy only 65% of their requirements, were rapidly exhausting their reserves. At week's end Iron Age made a somber...
...week (see col. 1), came out with a startling estimate: total economic blockade by Washington and London would cripple Japanese industry within six months. The Japanese Islands (where 98,000,000 people live in 260,770 square miles) are almost barren of the raw materials of modern industry, must import...
...Good Neighbor policy was sandwiched into OPM's priorities lists last week. To build a steel industry in Brazil, for which Export-Import Bank anted $20,000,000 (TIME, Oct. 7), OPM announced it would give priorities to orders Brazil must place in the U.S. for materials and machinery...