Word: zinc
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Dates: during 1940-1949
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...expected, prices increased overnight on scarce materials and products being made at a loss. Procter & Gamble, and other soapmakers, jacked up wholesale soap prices an average of 50%. General Electric and Westinghouse led the way in upping small motors, refrigerators, washers, ironers, etc., from 10% to 60%. Zinc, copper, lead, and tin also zoomed. In the first two days of free trading, the prices of 28 such major commodities jumped (according to an OPA estimate) an average of 7.4%. Some of the leaps were fantastic. Example: glycerin, which had been controlled at 18? a pound, jumped...
...Lead, shortest of all metals, would certainly go up in price from the old ceiling of 8¼? a pound to the world price of 10¼?. Copper and zinc would follow suit, and these last crippling shortages would probably end as imports poured in. ¶ No general rise in steel was seen. Some carbon steel products which were being produced at little or no profit would probably go up. Alloy steel (10% of the steel output), on which controls had already been removed with no price effect, would probably stay put or even decline. ¶ General Motors...
...Zinc Trap. In Brooklyn, 280-pounder Bertha Singer found herself stuck in the bathtub, was wrenched by her son, tugged by a police emergency squad, lubricated with cooking oil, after 17 hours was pried...
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...