The British campaign for the manufacturing industry is reported making considerable progress. The first export groups for individual industries were formed this week, and general export plan is steadily taking shape.
Nevertheless, a general upturn of commodity prices is dependent on a charge in the war situation, or a revival of active buying by the United States. Surplus consumption of industrial raw materials by the United States is presently estimated at well below normal, despite high armaments activity. Production, simultaneously, "5 well in excess of requirements bui these are rising. This, together with current dislocations in the market may lead to price cutting if the present stalemate continues much longer.
The British salvage campaign for waste materials is about to become an important factor. A special department of the Ministry of Supply cooperates with industry and local authorities, and, in scrap iron and waste paper surprisingly good results already have been achieved.
Text read from the printed page and cleaned; old type leaves the occasional error.