WORLD RECORDS

Grey River Argus, 2 May 1942, Page 5

WORLD RECORDS

U.S. WAR PRODUCTION Large Wool Imports [Aust. & N.Z. Cable Assn.J (Rec. 11.551) WASHINGTON, Apr. 30. Mr Jesse Jones, addressing the I United States Chamber of Commerce Convention in Chicago, said that Am n ’’ican industry already' had up- ' set Hitler’s time-table. He nevertheless gave a warning that, although this was the greatest production effort that the world has ever seen, it still is not getting sufficient equipment to the United Nations’ fronts. Mr Jones said that at present the country was producing a thousand million pounds of aluminium yearly, compared with 540 million -pounds last‘year, and will reach twenty-one hundred million pounds late in 1942. There .was six hundred million pounds of magnesium being produced, compared with thirty-three million last year. He said: “The wool imports from New Zealand and Australia and South Africa already equal one year's domestic production. The high octane gasolene output will be soon 240 thousand .barrels daily, compared with eighty thousand last year. The United States is buying a hundred million dollars worth of strategic materials from Russia.