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...these cases the Administration's methods had a spur-of-the-moment look, gave no hint of how prices might be controlled in the face of a real inflation. But last week that hint was given. The offending commodity: chemical wood pulp used for paper, rayon, explosives. The method: a round-table agreement. Franklin Roosevelt, in describing it, clearly indicated that his Defense Advisory Commission had established a precedent...

Author: /time Magazine | Title: GOVERNMENT: Price Control 1940 | 8/12/1940 | See Source »

When the U. S. pulp markets lost access to Swedish and Finnish pulp, prices zoomed. Unbleached sultite rose from $40-42 a ton at the end of 1939 to $50 in 1940's first quarter, to $63-50-$67.50 last week. Although the 1,235,000 tons of chemical (sulfite and sulfate) pulp which the U. S. imported from the northern countries last year were only a quarter of U. S. domestic production, they played a disproportionately large part in fixing pulp's market price, because most domestic pulp is used by the same integrated paper mills that...

Author: /time Magazine | Title: GOVERNMENT: Price Control 1940 | 8/12/1940 | See Source »

Last week the Defense Advisory Commission, whose price-hawk is Economist Leon Henderson, met 17 pulp & paper men (including Richard J. Cullen, president of vast International Paper & Power Co.) in Manhattan, got an agreement for no further rises. Both sides agreed on one important fact: total U. S. pulp-producing capacity is enough for all needs, except for a few specialties. Then, said the Commission, there is no excuse for carrying pulp prices higher. Pulpmen agreed that further price changes should result "only from actual changes in basic costs." Blamed for the pulp squeeze by both sides were "psychological factors...

Author: /time Magazine | Title: GOVERNMENT: Price Control 1940 | 8/12/1940 | See Source »

Both books begin in the last of the great World Wars. In The Twenty-Fifth Hour mankind dies out doggedly from plagues brought on by bacteriological war fare. Author Best writes with a kind of exaggerated pulp-paper toughness. His de cline of the west is slower, crueler, more realistic, less snagged with philosophical, religious and artistic asides than Poet Noyes's. A buzzard broods over his all-but-dead planet, whose curse is that there is still some doomed life left on it. Only the women are halfway happy as barbarians. Explains Author Best's hard-boiled...

Author: /time Magazine | Title: Books: Apocalypse, Pugnacity | 7/29/1940 | See Source »

...when it gets into full production on Jan. 1. To Tennessee, Arkansas, Alabama and Mississippi cotton growers the plant water also good news because explosive for Allied guns will require thousands of tons of cotton and cotton linters (waste from ginning operation) as well as chemicals and some wood pulp...

Author: /time Magazine | Title: WAR FRONT: Memphis Powder Mill | 6/17/1940 | See Source »

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