Word: tins
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Reason for the slide was the news that Britain would tighten her controls over foreign exchange. Late last month her new rules went into effect. No Briton can now export rubber, tin, Scotch whiskey, jute or furs to the U. S. unless he is paid either 1) in dollars, or 2) in sterling bought at the official Norman rate. Since these products are an important share of British ex ports to the U. S., practically dominate the U. S. supply for them, many a U. S. importer had no further use for free sterling, deserted the Black Bourse...
...trotted around to No. 9 Downing Street one day last week to reiterate the Soviet Union's first concrete complaint against British war behavior. On Jan. 13, British warships off Formosa stopped the Red freighter Selenga, en route from a Chinese port to Vladivostok with a cargo of tin, antimony and wolframite (tungsten ore). They took the Selenga clear to Hong Kong for examination, on the suspicion that the metals were destined for Germany via the Trans-Siberian Railway. Last week the Selenga and her cargo were still detained at Hong Kong, when in came the Vladimir Mayakovsky, also...
...allies, the French, who were taking them to a port in Indo-China for further scrutiny. Report was that the officers & crew of the Selenga, refusing to submit, were placed under arrest. It seemed a cinch that neither Russia nor Germany would soon receive those particular tons of copper, tin, antimony, wolframite, molybdenite...
...Tin Pan Alley's current trend has been called "the double-entendre era" by Eli Oberstein, president of U. S. Record Corp. Mr. Oberstein's biggest hit (150,000 copies) is She Had to Go and Lose It at the Astor, ostensibly written by John Doe and Joe Doaques (actually Hugh Prince and Don Raye). A sister piece, She Really Meant to Keep It Till She Married, has sold 75,000 records for Mr. Oberstein. Not yet recorded is I'm a Virgin but I'm On the Verge, by ASCAP Member Paul Denniker...
...unglamorous business of cementing U. S.-Chinese trade relations, and considers Chinese repayment of U. S. loans his personal responsibility. His pride: that China has repaid $2,300,000 of her previous $25,000,000 loan, is now, because of U. S. needs for tung oil and tin, ahead of schedule...