Word: coppering
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...wallets out of all proportion to their past needs. Economics Minister Dr. Walther Funk publicly complained that people were investing their money in bathtubs. Last week an official anti-hoarding campaign began as stories were circulated of a woman who bought six electric carpet sweepers, of others who collected copper coins, fur coats, oriental rugs...
From an economic standpoint, the Republicans argue that certain interests like copper mining are hurt when the United States Government allows foreign products to enter. But everyone has known since the classical argument of John Stuart Mill that lowering tariffs raises the standard of living for the country as a whole. The copper, shoe, and champagne industries may be hurt; but the export industries such as wheat, cotton, and automobile industries are helped to a greater degree...
...more important than these exchanges, Sweden promised: 1) to use all her maritime imports for home consumption (except such as may be forwarded to Finland); 2) not to import more strategic raw materials (like copper and nickel) than she did before the war; 3) not to use more than specified amounts of for eign raw materials in manufactures for export (such as telephones). In return for these promises, Britain promised to expedite clearance of Swedish ships through Allied control ports, and offered naval convoy to Swedish trade ships (each Swedish owner to decide this point for himself...
...Spain, to Yugoslavia, to Turkey reach other important tentacles of the Allied economic strangling plan. Starving Spain needs wheat. Great Britain, having cut Generalissimo Franco off from his German ore markets, will give him foreign exchange to feed his country from South America by buying Spanish copper, iron ore, mercury and lead. Yugoslavia now furnishes Germany with copper (from British-French-owned mines), Turkey might furnish chromium. The Allies will buy these countries' exports of these metals, also taking Yugoslavia's entire export prune crop, Turkey's entire surplus of figs, grapes and some tobacco, to sweeten...
...action. When war came, the price of tin shot up from 49? to 75? a lb., then slumped back as the first wave of inventory buying passed. Last week, independently of Government initiative, U. S. tin smelting was cautiously getting off to a new start. Two famed U. S. copper interests-Phelps Dodge (No. 3 U. S. copper unit) and American Metal Co., Ltd. (No. 1 U. S. investor in huge Rhodesian copper mines, formerly No. 2 metal refiner) had independently contracted to import several thousand tons of ore from the rundown, low-grade mines of Bolivia...