Word: wim
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Dates: during 1930-1939
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...fact that Messrs. Grace & Irvin flatly contradicted each other in their opinion of what would happen to the steel industry if the basing point system were disturbed. Mr. Irvin foresaw a dire collapse in steel prices, fearful mortality among small steel companies. Mr. Grace blandly declared: "Doing away wim the basing point system would increase prices through a decrease in competition...