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The clipping this text was read from
The clipping this text was read from

cent. Even so, the ingot price for aluminum — after the minor increase — was below that prevailing four years ago. It is hard to figure out what the federal bureaucrats expect private companies to do when costs go up. Prices, to make sense, must take into account the real cost of production. At any rate, the announcement of an aluminum price increase apparently enraged Mr. Johnson. Immediately there was the announcement that the federal government would call' a conference concerned with the sale of alumi num from the national strate gic materials stockpile. There’s no questioning the intent of this federal announcement. It was to strike the fear into the hearts of aluminum makers that, unless they rescinded the price increase, the government would dump aluminum on the market in!

order to drive down prices, j The public should clearly! understand the significance of this move. It is a case of blackmail pure and simple. Without the statutory authority

Smokey Says:

90.8%