Word: tungsten
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Elected President in March, General Peñaranda, no politician, has done his best to steer his brawling country toward democracy and an amiable relationship with the U.S. His biggest coup to date was to negotiate a contract with the U.S. for Bolivia's full output of tungsten, despite the fact that Japan at first made a higher...
...Tungsten...
Under industry-wide mandatory priorities, which means that no supplier can sell them except to customers who have priority rating, were 14 materials: aluminum, borax (and boric acid),* copper, cork, ferro-tungsten, machine tools, magnesium, nickel, nickel-steel, polyvinyl chloride (for plastics), rubber, synthetic rubber, tungsten high-speed steel, zinc. Pig iron was soon to be added. So were some heavy chemicals-sulfuric acid and possibly ammonia...
Similar preclusive deals with other South American countries are in the cards. Economic diplomats in Washington look to Colombia's platinum and mercury; Bolivia's tin and tungsten; Chile's copper and nitrates; Venezuela's asphalt and oil-many another product the U.S. can use and ought to keep out of Axis hands...
...case of coffee was merely last week's example of the conflict in policy among the Government's various arms. Many another import commodity-copper, rubber, tin. tungsten-has felt the conflict too. New Dealers figured there was only one ultimate solution: a Government import monopoly, next step toward total economic...