Word: scrapped
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Playing on Arena ice last night before the Varsity-Brown scrap, the Crimson yearlings found the speed and finesse of the young Bruins too much for them, as their forward lines failed to click and their defense snapped for the first time this season...
...many a manufacturer who bought a steel plant and went into the business to make sure he got what he needed. Toward year's end, the steelmakers hedged their arguments and started to spend some $2 billion for expansion. (They also started to haul back desperately needed scrap from Germany and the jungles of Pacific islands.) But few thought the expansion enough to end the great steel shortage which had cut down production all along the line...
...real test of the Crimson Freshmen will come Tuesday night when they face off against Brown before the regular varsity scrap at the Arena...
...deal, the biggest in steel industry history, Bethlehem Steel Corp. would get enough scrap to keep its five eastern plants running for at least four months. The only trick was to get the scrap to the U.S. from the jungles of 16 far Pacific islands, where it lies among great dumps of war surplus. But Bethlehem Steel, which had contracted to pay $30,000,000 for the scrap, hoped to get the first shipload in a month. To the scrap-starved steel industry, it could not come too soon...
...even Bethlehem Steel was sure how much it had bought. It hoped to get 1,000,000 tons, and might get double that, although it would take more than a year to haul that much to the U.S. There were thousands of tons of scrap such as landing mats and vehicles abandoned by the U.S. Army & Navy at war's end. This war surplus property, about an estimated $500,000,000 when it was new, had been turned over to China by the U.S. to pay a $174,000,000 reverse Lend-Lease debt. China had moved some...