Word: prices
(lookup in dictionary)
(lookup stats)
Dates: during 1930-1939
Sort By: most recent first
(reverse)
Mark Ethridge, general manager, Louisville Courier-Journal; Lewis Mummentator for New York Herald Tribune and other papers; Herbert Agar, editor, Louisville Courier-Journal; and Lucien Price, '07, editorial writer, Boston Globe
...Price Increase is Problem...
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...
...Franklin D. Roosevelt appointed the Planning Committee for Mineral Policy, which urgently recommended accumulation of a stockpile. But the President, who won his bet with Senator Borah that World War II would begin in autumn 1939, never pressed for action. When war came, the price of tin shot up from 49? to 75? a lb., then slumped back as the first wave of inventory buying passed. Last week, independently of Government initiative, U. S. tin smelting was cautiously getting off to a new start. Two famed U. S. copper interests-Phelps Dodge (No. 3 U. S. copper unit) and American...
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...