Like two opposing field commanders discussing a truce, Bolivian Ambassador Ricardo Martinez Vargas and RFC Administrator W. Stuart Symington held an important conference in Washington last week. After four weeks of polite parleying, they came to terms: Bolivia agreed in principle to sign a 30-day contract to sell her tin to the U.S. at $1.12 a lb., subject to the approval of the big Bolivian tin producers. The terms added up to a notable victory for Symington, who has been fighting a two-front war for lower prices for tin and other raw materials. One front is against Bolivia and...
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