Word: ores
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Dates: during 1940-1949
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Last week satirical "I Want To Be A Captain, Too" clubs were organized; buttons thus inscribed were worn throughout the East; a song was written to that slogan; and in Portland, Ore., 25 youths invaded a recruiting station, gave hard-boiled Sergeant Marley near-apoplexy by eagerly demanding they be enrolled as captains...
Loadstone to steel magnates and international industrial groups for many years has been 15,000,000,000 tons of iron ore (one of the largest known high-grade deposits in the world) pocketed away in the State of Minas Geraes. The Minas Geraes fields are within 200 miles of the coast and north of Brazil's great port, Rio de Janeiro. Coal for smelting is available in Santa Catarina and Rio Grande do Sul. The Brazilian Government had dreamed of developing its steel industry independently, but, finding the financial burden too great, it offered the concession to the highest...
...Brazil were at last ready to collaborate. But inability to agree on property rights led U. S. Steel to break off negotiations. Yankee imperialism was damned in Latin metaphor and Japan was added to those desiring to bundle up with Brazil in her bed of ore...
Last week the details were announced. The Export-Import Bank would lend Brazil $20,000,000, which with $25,000,000 to be provided by the Brazilian Government and private investors would be used to establish Brazil as an important steel producer, with smelting furnaces at the ore fields and a steel mill in the State of Rio de Janeiro. U. S. equipment and technical skill would be used, and the loan would gradually be retired when the plant began to produce...
...scrap from Germany, if Germany can deliver it, or the Japanese steel industry must switch from scrap to pig iron. To do so, the Japs must get the Germans to build them some good blast furnaces; they must also get the Manchukuoan mines into real production, or get ore from Russia...