Monday, Jun. 15, 1942
Slight Progress
The U.S. finally made a move last week toward its forgotten treasure-trove of a million-plus tons of scrap rubber (TIME, June 8). It even made a gesture toward putting the profit motive to work on the rubber shortage, by letting scrap dealers make a little money bringing in the scrap.
> Jesse Jones squeezed his moneybags, found he could afford to pay up to $25 a ton for scrap rubber delivered in carload lots. That makes the average old tire worth 25-c-, up 7-c- in a week.
> President Roosevelt decided that, before he orders nationwide gasoline rationing to save rubber, some bureau had better make a nationwide survey of just how much scrap rubber there is.
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