kel is óf minor importance in late as contrasted with steel, cop-zinc and lead, he said. Not only does but a small fraction of nickel go into war materials, but the percentage that does go into armament represents a negligible percentage of the total of all metals used for such purposes. For example, no nickel whatever, is used in rifle or "machine gun barrels or in bayonet steel. Nickel in bullet jackets has been replaced largely by liding metal'; a less expensive alloy containing no. nickel whatsoever. Nickel is used in large gun forgings, trucks, aeroplanes and in armour for battleships. The alloy steels used for the purposes enumerated contain only from 1 per cent. to 5 per cent. of nickel and the amount of nickel so used is les: than 10 per cent? of the world output. Thus-' nickel is not essentially a war metal, nor is it sential to war, whether gauged by the percentage of nickel which goes into armament or whether gauged by the percentage of armament metal which is represented by nickel Nickel is sold in bulk to steel makers and alloy manufacturers throughout the world, who, in turn, sell their nickel-bearing products to numerous fabricators for final distribution to numerous users. Thus the nickel used in armament exclusively cannot be segregated successfully.
Sales of nickel. by the Canadian Political developments in Europe afe having hardly any effect on the local market, but it must be said that 1 an economic animation has not been experienced here for a long time. As it is known, the country's principal export is in the: soya bean, and as European prices of beans are constantly lower than in Harbin, buyers sare almost non-existent. On the freight market the situation takes an opposite turn. Europe is undergoing a political crisis. Usually when the political situation becomes more acüte freight rates rise; but. this time a decrease of 15 to 20 per cent. per ton on previous rates ate quoted. In spite of this, those who have beans refrain from selling them, while exporters refrain from buying.
This inactivity continued throughout March and April, The absence of company have increased progressively since 1932, and during the past year reached a total of 207,700,000 pounds. Other countries producing nickel are: New Caledonia, Norway, Germany.
Burma, Brazil. Greece and Tasmania.
Aside from these active sources of supply, there are potential supplies in Finland and Russia, and known deposits in South Africa, Dutch East Indies, Alaska and Korea.
Text read from the printed page and cleaned; old type leaves the occasional error.