There is no satisfactory substitute for tin. It is a basic ingredient of tin cans, solder, bronze, collapsible tubes, foil, galvanized iron, a hundred other items. This week the U.S. took a big step toward fattening its thin stockpile of the metal.
The Metals Reserve Company was ready to sign a contract, calling for delivery of 17,600 long tons of tin concentrates, with second-string Tin King Mauricio Hochschild and all the other Bolivian tin men except the biggest operator of them all, Simon Patino, who is solidly tied up with Britain.
Terms of the agreement: 1) a base price of 62½¢ a...
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