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193224022
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Memorandum of Telephone Conversation with Secretary of State Dean Acheson and Stuart Symington
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193224022
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document
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Memorandum of Telephone Conversation with Secretary of State Dean Acheson and Stuart Symington
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Dean Acheson Papers
Secretary of State Files
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193224022
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8
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1951-08-08
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8
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1951
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DECLASSIFIED
E. O. 11652, Sec. 3(E) and S(D) or (B)
Dept. of State letter, Aug 5-12-20 of 1973
By NLT- He NARS Date 6.28.16
CONEIDENTIAL
843
August 8, 1951
ARCHIVES 'NATIONAL RECORDA SERVICE" AND
242
8/S
Mr. Symington called Mr. Acheson this morning
regarding the tin problem. He said that the Bolivians
have not accepted the $1.12 offer made to them and
it is necessary that we sign with both the Government
and the producers. He said that the world price (and
here he referred to the Singapore price) had been as
low as 98 cents and today was something over 99 cents.
He mentioned that he thought we were offering a premium
to the Bollvians in the offer of $ 11.12. He said we were
getting in trouble with the British with regard to this
and that Patino will want to sell his tin at the price Bolivia
gets for hers. Mr. Symington pointed out further that a
message was in from Mr. Cochran in Indonesia which said
that the price of tin was $.45 per pound before taxes.
Mr. Symington's point was that we could not continue
to offer a premium to Bolivia indefinitely and the longer
we hold open the offer, the more trouble we will have
with other people all over the world. He mentioned also
that the Belgians wanted to come in and sell tin from the
Congo.
Mr. Acheson asked him if we resumed purchases,
which he understood we had not done for some time, this
would affect the world price. Mr. Symington said that it
would.
Mr. Acheson said that he would look into this right away
and we would be in touch with Mr. Symington. Mr. Symington
said that he was calling Mr. Acheson in accordance with
Mr. Acheson's suggestion, and that he would be glad to
call Mr. Miller or someone else ifithe Secretary preferred.
The Secretary said that he would look into it and we would
be in touch with him.
May I have a recommendation as soon as possible as to
how we proceed?
LDB
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CONFIDENTIAL