Word: metrication
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...stretch utterly barren of water and vegetation.* But since the War, synthetic nitrogen has been steadily rolling up tonnage, while Chilean nitrate has remained almost stationary. Thus, in the "Fertilizer Year" (which begins June 1) of 1927-1928, synthetic production of pure nitrogen was 1,267,000 metric tons, Chilean 390,300. Chemically, Chilean nitrate is superior to synthetic because of its high iodine content. Other distinctions between the two are of little commercial import. Hence competition is largely a matter of price, which in turn depends on production costs. So far nitrogen fixation plants like that of the Allied...
...that the Guggenheims are even more the masters of the show. For the new Chile Nitrate Co. into which the entire industry has been merged will use the Guggenheim. Process. Gradually the many small Shanks process plants will be eliminated. With mass production working on the 400,000,000 metric ton nitrate reserve still left in Chile (enough to supply world consumption for many centuries), Chile nitrate producers last week were more hopeful than they have been in many a year of strenuous competition with synthetic producers...
...count each metric line...
...Rome last week Prime Minister Benito Mussolini raised the duty on imported wheat to 140 gold lire ($7) per metric ton. This tariff is nearly 100% higher than the rate effective in September of last year. Good news for Italy's wheat growers, it was sad news for bread-eaters and macaroni men; particularly sad for U. S. and Canadian farmers, who are still racing to dispose of surplus wheat crops (TIME, May 13). To Prime Minister Mussolini the development of wheat growing is more immediately important than cheap flour for his people. Half of Italy's trade...
...spend a million rubles in the development of the Perm fields. There are no differences of opinion between the Russian government and the Russian petroleum industry. Russian oil is produced by about six Russian companies and one Japanese company with a Russian concession. The 1928 output was twelve million metric tons (26,455,200,000 lb.) Distribution and selling is handled by a government syndicate, headed by G. I. Sokolnikov. Oilman Sokolnikov, as Soviet Commissar for Finance, was famed as the financier who put Russian currency on a gold basis...