WORLD SUPPLIES OF TIN
U.S. CONCERNED AT PRICE
(Rec. 8 n.m.) WASHINGTON. Mar. 4. The Senate Preparedness Sub-Com-mittee to-day proposed that the United States cease buying tin abroad until producers ceased their price “gouging.” The sub-committee, in a report, said: “We are no longer in a position where we must buy tin at any price.” It noted that control of most of the world’s tin reserve was held by relatively few British. Dutch, Belgian, and Bolivian corporations, with interlocking connexions across national boundaries.
It added that frantic speculation had driven the price of tin to nearly two dollars per lb from 75 cents just before the Korean war.
The sub-committee called on the State Department to have the noaCommunist World allocate tin supplies and fix prices “so that we are not gouged by the mineowners and speculators in tin-producing countries and elsewhere for the privilege of defending them.”
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP19510306.2.90
Bibliographic details
Press, Volume LXXXVII, Issue 26363, 6 March 1951, Page 7
Word Count
148WORLD SUPPLIES OF TIN Press, Volume LXXXVII, Issue 26363, 6 March 1951, Page 7
Using This Item
Stuff Ltd is the copyright owner for the Press. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Acknowledgements
This newspaper was digitised in partnership with Christchurch City Libraries.