Word: rearmaments
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...civil war in Britain!" Melchett told of advising the Government to buy 300,000 tons of copper at Depression's dirt-cheap price of $150 per ton, remarked that the Government is now screaming for copper at $350 per ton, cannot find as much as it wants for rearmament...
...dispatch of company mail. Only thing the strikers did not seize was the company's officials themselves. These announced that they would attend to as terms." At least 500,000 Britons should now be rushed out as new farmers onto the Kingdom's land as a rearmament measure, according to Mr. Lloyd George last week, but Mr. Chamberlain's plan is to increase food imports, store war reserves of food in immense new British warehouses...
...send prices of copper skyrocketing. . . . The industry was making steady progress in a satisfactory way. It would be a pity to bring about hectic conditions which in the nature of things could not be expected to last." And as evidence of the industry's wholesome progress before the rearmament boom hit the metal markets. Copperman Dodge last week reported that Phelps Dodge earned $11,518,000 in 1936 as against $6,147,000 the year before...
Toward week's end the pace of metal speculation in both London and the U. S. slowed appreciably. Ominous reports that the British Government would step in, if speculators continued to boost the costs of rearmament, dampened London's ardor. But metals did not calm down until zinc had zoomed to the highest price in eleven years (7½ per lb.) and lead, in the heaviest trading in that heavy metal in the history of the New York Commodity Exchange, was whooped to 7¼? per lb., highest since...
...favorite was Consolidated Gas, followed by Electric Bond & Share and American Telephone & Telegraph Co. All these have since disappeared from the list, which is now led by General Motors, International Nickel and Chrysler. *So urgent is its rearmament program that Britain last week halved its 20% duty on steel, abolished its duty on iron...