Indianapolis Times, Indianapolis, Marion County, 9 August 1951 — Page 7

AR| 3 . A ECIALS shi AGS 1 49

wk and asiced to close

—

SE vhite pastels s, several from. Sizes

ot.

— — BO ENT on $

nd moisture esistant, alr sr closing «= Zs

3S

—_

OWNS MAS

300

8 Values

{yon crepe 8; broadelith ssortment ofto 40.

— ANDLE PANS

29°

out stooping, raised withtents, Red or

—__ LACKS

398 fly in Blue, 1 y—sizes 6 to

“

a SPORT TS 98 Value i 29 ths, rayons

n and fancy 6 to 20.

TEE TS A 19

Sizes Small, -{

— IS" \REES

9

ly—sizes 8 to

LACKS

P99

Rayon Poplin Iso some imBrown, Blue.

eee Felt Base

ANTS

afc

Sq. Yard

_——

air or

ARPET

“andy striped

Poa

—

minster

RUGS

398 $5.98 Values.

_— BASE

eo

. of these producers. *" ment has been reached with the

-| price euts in © £1.39 when the government went

‘ into the tin business.

% Tin Purchases In Deadlock

Symington Seeks Lower Prices

. By United Press

~ WASHINGTON, Aug. 9—A six- " month international feud over

American purchases of tin ap"peared deadlocked today as the . government stood firm on its refusal to “give the key to the U, 8 Treasury’ to a world cartel, RFC Administrator W. Stuart T 8y mington is spearheading the ! United States campaign to drive down world tin prices. His op- . pogition has been described by. a - ‘Senate subcommittee as the “in- * terlocking directorates and tight

.. control exercised by a few groups

in the tin producing industry,” located in Bolivia, Malaya and

.- Belgian Congo.

He has succeeeded in forcing down the price charged by some But no agree-

biggest lone supplier of tin concentrates— Bolivia. The price of tin shot from 74 cents a pound to $1.83 during the * first eight months of the Korean War when the United States was buying heavily for defense needs and to build up its stockpile. But when it was learned that a large quantity was being held on the world market for sale to the United States at $4 a pound, the government said it would no longer play the role of sucker,

Purchases Suspende.]

Purchases from Bolivia, which supplies half of all concentrates ty the U. 8. were suspended. A week later the RFC was named sole agent for botH government and private tin transactions in * {18 United States except purchases for the. stockpile. Since then the United States has imported about 1200 tons of tin concentrates monthly under previous contracts with producers in’ Malaya, Indonesia and Belgian Congo. RKofie has been imported Tote Podiyiass And KE} Syming- . ton, has declared an - open ‘price war by effering tin refined at the governm2ant - owned smelter in

Texas at 'ow prices. ‘His big customers are industries in the United States. Today's RFC price is $1.03 a

pound. This is the result of seven two months from

& Making Small Profit This is tin produced from the concentrates bought by the RFC on a rising market. Some of it was equivalent to less than $1.03 . a pound. Some of it was higher.

But the RFC is still making a

small profit, a spokesman said. None of the tin being sold by RFC is part of the government stockpile. General services administration still controls the purchase of rin for this purpose. Mr. Symington is willing to buy

_ Bolivian concentrates for the tin - equivalent of $1.12 a pound be-

cause production costs there are higher and: because “zecurity factors af thiz supply from the western hemisphere are obvious.” But Bolivian producers have refused the offer so far. He said, with the State Department's careful approval, that “it probably would not help Bolivia much, even if they did receive an exorbitant tin price.” On the contrary, he explained, “it might perpetuate the worst handicap to a healthy Bolivian economy, namely, dependence upon tin as the one supplier of the country’s needs, along. with satisfaction of the selfish desires of a few peo-

ple.” mae

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THURSDAY, AUG. 9, 1851

Feud Over U.S. NATO Meetings May Be Held In Ottawa ‘And Rome This Fall

PARIS, Aug. 9—The North At- meeting on the grounds that which have not yet fully ma- the agreement of lantic Treaty Organization may Septemoer is too soon for the tured. hold two conferences this fall, final decision on integration of a fhe ra in ‘Ottawa, the second in German army into NATO effectives,

THE INDIANAPOLIS TIMES

France has agreed to a Washing- uled. ton request for postponement of the scheduled Sept. 17 meeting, Britain has objected. Washington asked for a later and

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the purpose for which Be: reason is that although the Ottawa conference is sched-

The Washington point of view Ottawa appears to be “that it is best not to rush a decision the political implications of

PAGE 7

the German

The six European powers agree cussed by the three Allied comon a German army of 200,000 missioners in Germany during a men of divisional strength, and series of conferences with Bonn commanded by German officers leaders. but closely integrated into the Since German agreement is by European army under NATO or- no means easy to get, the French ders, according to the final report not particularly anxious to hurry of the Paris conference drafted revival of a German army, willthe last week of July. However, ingly agreed

FRIDAY . SATURDAY AND MONDAY

suggestion that the Ottawa meetgovernment remains to be dis- ing be postponed. Britain, that the Ottawa conference was summoned to #iscuss general eco nomic and financial organization of the Western World's defense, The British government plan for financing Europe's rearmament it is anxious to submit of the German miner” to Washington's ‘as early as possible.

however,

Communist Labor Hero | Now Many Wear

Finds Fame Fleeting BERLIN,"Aug. 9 (CDN)-—The life: of a. labor hero under the Communist system is as precari-!| ous as that of a public official, Adolf Hennecke, a household word in Eastern Germany a few months back and the first of the Soviet Zone's super-miners, went unmentioned during a recent “day in the Iron-|

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