Business: Relief for Distress

To relieve the "genuine distress" of the lead and zinc industry. President Eisenhower announced the expected quotas that will cut imports of the two metals 33% from their current levels. Set at 80% of the 1953-57 average, the quotas will allow imports of 354,720 short tons of lead, v. a five-year average of 481,638 tons, and 520,960 short tons of zinc, v. a five-year average-of 651,200 tons.

The announcement came as 21 foreign ministers from Latin American nations gathered in Washington for an informal conference, brought a quick protest from countries dependent on lead and zinc exports. Peru's Raul Porras Barrenechea told...

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