Word: melo
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...industrial manic-depressive is steel, which suffers more in its bad moments and has more euphoria in its good ones than the heroine of an oldtime melo drama. Out last week were the 1940 earnings reports of the five biggest U. S. steelmakers, spectacular evidence that steel is now in a dizzy upswing. After a slow start until the defense boom got under way, the big five (which lost $108,088,560 in 1932) earned $197,315,722 last year, turned some neat per-share profits...
...Denied, through Steve Early, Argentine reports that he had told Dr. Leopoldo Melo, chairman of the Argentine delegation to the Pan-American conference in Havana, that the U. S. would lift the ban on Argentine meats after the election...
...reciprocate. If Argentina is to orient herself into this hemisphere's policy, Argentines say, the U. S. must take some of the meats and grains that formerly went to Europe, which the food-surfeited U. S. has so far refused to do. This week Argentine Delegate Dr. Leopoldo Melo was in Washington, where he hoped to wangle an agreement to get into the U. S. some Argentine frozen beef. With such an agreement in his pocket when he returns to Buenos Aires, he may find his country less unwilling to trail along with the U. S. in hemisphere policy...
...Argentina, whose people would never fight for islands in the faraway Caribbean, is not likely to ratify the Convention of Havana in a hurry. Having made what she considers concessions in agreeing to the Act of Havana (although Dr. Melo signed with the reservation that his Government must approve), Argentina will most likely delay ratification until she sees whether her commercial future lies with the Americas or with Nazi Europe...
...patio below, Dr. Leopoldo Melo, head of the Argentine delegation, slouched in a wicker chair, gesturing with small, delicate hands to emphasize his soft-voiced Spanish sentences. Behind him as interpreter stood handsome, black-haired, flashing-eyed Luis Mariano Zuberbuhler, secretary of the delegation. No newcomer to Pan-American conferences, a stanch U. S. friend is scholarly Buenos Aires Lawyer Melo, onetime Radical Antiper-sonalista (conservative) Deputy & Senator, onetime Minister of Interior. At the Panama meeting last autumn he went over the head of Foreign Minister Jose M. Cantilo, appealed directly to President Roberto M. Ortiz, threatened to resign unless...