Word: zinc
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...First District, Republican Incumbent William Avery should win against Topeka Lawyer Robert Domme but is plagued by a migration away from the farm towns to Topeka, where labor's C.O.P.E. is battling right-to-work. And in the Third District (in southeast Kansas, where lead and zinc mines are on their uppers), the Fourth District (including industrial Wichita) and the Sixth District (where Isolationist Wint Smith holds highly tenuous reign), Republican incumbents have no time for coasting...
...Bethlehem 2¼ to 51, Youngstown 6f to 117. Also helping push the market up was a big play in the nonferrous metals market. Copper shares rose up to 9^ points for the week, partly on the strength of copper strikes in Canada, Northern Rhodesia and New Mexico. Zinc and aluminum stocks also rose. The feeling that the U.S. economy on the climb again would be a spur to world business helped push up stocks in Europe (see Business Abroad...
...decision would invalidate the President's approval of tariff boosts for spring clothespins and clover seed-both milder increases than those suggested by the Tariff Commission. It would also overturn the imposition of import quotas on lead and zinc (TIME...
...stabilization plan for sugar has worked reasonably well. But restrictions on metals present greater problems, largely because of wide variances in production costs. Canada is reluctant to enter a lead and zinc cartel because her mining economy is booming, would prefer a free market in which high-cost producers, such as in the U.S., would be eliminated. Says W. S. Kirkpatrick, executive vice president of Canada's Consolidated Mining & Smelting: "The only real cure is to reduce output by closing down the high-cost producing mines. The natural economic law of supply and demand should be allowed to work...
...term, stopgap methods of straightening out world markets, are convinced that they are as harmful as farm price supports-and will work no better in the long run. Says Simon D. Strauss, vice president of American Smelting & Refining Co., the world's largest smelter and refiner of lead, zinc and copper: "Such agreements, in the short run, would restore order to the market. But, for the long run, metals restrictions are useless. They usually protect the weakest, least efficient party to the pact...