Word: tinning
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Dates: during 1950-1959
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...United Nations General Assembly reverberated last week with protests from the world's tin-producing nations against Russian dumping of tin on the world market. Delegates from tin-rich Bolivia, Malaya, Indonesia and Thailand complained bitterly that a price slump caused by Russian dumping threatened to undermine their economies. The trouble was not confined to tin producers; for many a nation economically dependent on a single metal or commodity, fluctuations in price and demand have become an economic nightmare...
...argument against metals controls is that agreements tend to set prices too high, make quotas too rigid. Furthermore, metals controls are easily frustrated by the discovery of new or cheaper sources of supply-or by the market dealings of a maverick. The International Tin Council ran out of cash trying to support prices in the face of Russian dumping because it set its floor price at an unrealistic level of 91¼? per lb. With the council out of support funds, the price dropped to 80? per lb., is now firming...
...protect Bolivia and other friendly nations, the U.S. buys no tin from Russia; last week Canada decided to buy its tin only from members of the International Tin Council. Since there is no guarantee that Iron Curtain countries will abide by any metals agreements, Western nations can make stabilization programs work only by standing together in restricting purchases from Russia...
...Buttermilk Sky, Hoagy Carmichael (Kapp LP). Even in his rare lyric moments, Singer-Composer Carmichael sounds like a man warbling in a tin shed. In this selection of his songs, mostly from the '40s and '50s, his virtues are manic enthusiasm, an antic rhythmic sense and an endlessly absorbing hobnail accent: "You cain if you tray-a-y/ . . . Ole buttermilk...
RUSSIAN DUMPING has kicked the bottom out of free-world tin market. International Tin Council countered by buying tin at 91? a Ib. But council ran out of funds, and prices plunged from 91? to 80?, causing heavy losses to tin-producing Bolivia, Malaya, Africa...