Business & Finance: Progress in Steel Scrap

Jesse Jones dipped into his big bag of tricks last week, came up with a crackerjack solution to the steel-scrap shortage: a multimillion-dollar RFC agency called War Materials, Inc., whose only reason for living is to buy at least 5,000,000 tons of iron and steel scrap as fast as possible.

To do the job, War Materials can smash price ceilings right & left. Thus hard-to-get scrap which regular junkmen have bypassed for months (because it was out of reach under OPA's ceilings) will be easy pickings for Jesse Jones. First on War Materials' fight...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!