Word: ton
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Dates: during 1930-1939
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...refuel-evidently on their way to Montevideo. The 31,100-ton battleship Barham, and the French battleship Dunkergue-it and the Renown two of five Allied ships which can both outrun and outgun German pocket battleships-and the 10,000-ton cruiser Cumberland were rumored to be waiting just over the horizon...
Five days later the Admiralty reported that the submarine Ursula had sneaked into the mouth of the Elbe, past six German destroyers, and sunk a 6,000-ton cruiser. Since such a ship would normally carry 571 men, this feat almost made up for the loss of Royal Oak, certainly put Britain far ahead in the naval score for the week...
When the British pound was at its prewar level (near par: $4.86), ?230 ($1,117.80) per ton would have been a good price for tin-equivalent (with the cost of freight and insurance) to about 48? per Ib. As the world's biggest user of tin, the U. S. is much interested in its price. When the official pound was dropped to $4.02-$4.06, ?230 per ton became equivalent to only 40? per Ib. So last week Britain killed her wartime rule, which since September had forbidden the sale of tin on the London Metal Exchange at more than...
...there was an additional reason for textile activity: England, needing burlap for sandbags, has virtually cleaned out the Calcutta market since the outbreak of war with orders so far totaling 1,000,000,000 bags. The price of raw material for burlap is up from ?18 ($84.24) a ton in August to ?88 (about $344.96). Supplies for the U. S. are limited, not likely to last long. Textile companies are selling low-grade, rough cottons to replace burlap sacks...
...August, zinc sold at 4¾? a Ib. With war, its price rose to 6½? - a rise of 47% which precipitated no end of buying and production for inventory. Then sales began to dry up. Fortnight ago, American Smelting and Refining Co. dropped the price ½? ($10 a ton). Trade pundits guessed that the steel industry-one of the largest consumers of nonferrous metal-would let down production even further after January, and American Metal Market headlined: "The outlook for Metal Prices none too solid...