Word: ores
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Dates: during 1930-1939
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...Russia's invasion might influence labor politics. Voting was on in the potent International Woodworkers of America, with a battle revolving around President Harold Pritchett, able left-winger, ally of Harry Bridges, and like Bridges threatened with deportation. Stridently anti-Communist is the opposition in Portland, Ore. Because I.W.A.'s members are scattered in remote logging camps, balloting takes a month. There were only three days of voting left when the Russian invasion began, but out of the northwest camps to Portland's anti-Pritchett headquarters poured Swedes, Norwegians, Finns, to get their votes in before...
During World War I (which sent the price of tin to $1.10 per lb.), U. S. war planners became tin-conscious. A U. S. tin smelter was built to process East Indian ore imported direct into the U. S. but British interests, practically monopolizing world tin mining and smelting, slapped export taxes on ore shipments to the U. S., stifled the infant U. S. tin-smelting industry...
...getting off to a new start. Two famed U. S. copper interests-Phelps Dodge (No. 3 U. S. copper unit) and American Metal Co., Ltd. (No. 1 U. S. investor in huge Rhodesian copper mines, formerly No. 2 metal refiner) had independently contracted to import several thousand tons of ore from the rundown, low-grade mines of Bolivia...
...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...
Phelps Dodge's Louis Gates is pitting new U. S. smelting practice against the rutted methods of the British trust. Freight, insurance and greater demand have so far pushed the New York tin 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...