Word: metallic
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Dates: during 1930-1939
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...moisture. And it won't be saliva. . . . The air the musician takes into his lungs is not saturated with saliva when he blows it into his horn, it is warmed in the lungs so that its natural moisture is more easily condensed when it passes into the cooler metal coils of the horn, and this natural moisture of the air (water) is what is precipitated within the horn and has to be dumped...
...much interested in its price. When the official pound was dropped to $4.02-$4.06, ?230 per ton became equivalent to only 40? per Ib. So last week Britain killed her wartime rule, which since September had forbidden the sale of tin on the London Metal Exchange at more than ?230 per ton. She also upped world production quotas (British-controlled through the International Tin Committee) to 120% of standard. Britain doesn't mean to have a tin shortage in wartime, doesn't mean to give it away because her pound has fallen. Untied, British tin prices last week...
...rise of 47% which precipitated no end of buying and production for inventory. Then sales began to dry up. Fortnight ago, American Smelting and Refining Co. dropped the price ½? ($10 a ton). Trade pundits guessed that the steel industry-one of the largest consumers of nonferrous metal-would let down production even further after January, and American Metal Market headlined: "The outlook for Metal Prices none too solid...
...Brooklyn Phelps Dodge is already producing 100 tons a month. American Metal expects to follow it into production. Both companies deliberately put themselves under a handicap by using low-grade Bolivian ore rather than good Malayan ore, which may be cut off by the tin trust. This increases smelting costs so much that the U. S. State Department, which loves to promote trade with Latin America, has never helped it, believing it would be uneconomic...
...price approximately 29% above London. In spite of the ore handicap, Phelps Dodge can more than break even with tin at about 46?, which is more than 10? higher than the British break-even point. This should keep Phelps Dodge in the tin business even come peace. American Metal has the same economic problem. Meantime in Argentina, National Lead Co., St. Joseph Lead Co., and Patino are jointly working and smelting deposits similar to Bolivia...