When Mussolini was winding up for his dagger thrust at France last month, the pauses and flourishes were not merely for effect. They were partly stalls for time: time for his purchasing agents in the U. S. to move as much as possible of the 250,000 tons of scrap iron and steel they had just bought (TIME, June 10). By the time the stiletto fell, all but 60,000 tons of this order had been shipped.
The Italian purchase, more than twice their normal year's imports from the U. S., scarcely rippled the usually...
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