Word: zinc
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Other metals were already up. Platinum prices doubled. Zinc went up 1¼? to 9½? a pound. Copper, tied in with OPA subsidies, waited on Washington developments. But the best guess was that low-cost copper producers would continue to sell at the OPA ceiling of 14⅜? a pound. High-cost producers would probably boost their price...
...Businessman Pawley has been busy trying to be constructive. He helped arrange for settlement of Government debts so that much-needed U.S. Export-Import Bank credits might be obtained. He induced U.S. oil companies to spend money developing Peruvian oil reserves, and aided the Santa Valley project to exploit zinc and nearby Cañón del Pato water power to create a new electrolytic zinc industry. With the formation of a sturdy new Cabinet last week, prospects for Pawley's efforts looked the brightest since he arrived...
...influence of these placarded, shuffling men spread through the arteries of commerce. Cars lay idle along the coal and ore railroads-the Pennsy, the Bessemer & Lake Erie, the C. & O. Work would soon slacken in limestone quarries, zinc smelters, silica diggings. Barge traffic thinned as the tires were banked along the Monongahela, the Allegheny, the Ohio Rivers. Snow lay undisturbed on the great, vermilion open pits of the Mesabi Range...
...consumption continues at the prewar level, U.S. reserves of sulphur will be exhausted in 55 years; zinc in 19 years; gold in 14 years; silver in eleven years...
...State industry will be confined largely to heavy industries such as iron and steel, coal, copper, lead, zinc, electrical, chemical and cement . . . power and communications . . . and industries directly concerned with livelihood such as textiles, flour, leather. . . . Private and state enterprise of the same category will be given equal treatment ... no discrimination against private industry...