Word: anacondas
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...copper industry cannot produce enough copper for the U. S.'s present needs. This price gives the industry-especially the big low-cost producers, Anaconda, Kennecott, Phelps Dodge-a nice profit, but it gears its output to a maximum of 1,100,000 tons a year. For 1941, defense copper fabricators will need at least 1,200,000 tons. That means 100% of the 12? capacity and 100,000 tons besides. For over two months, fabricators have been increasingly worried about their copper supplies. Not only are they bringing new fabricating capacity into production all the time, but they...
...less than 14?. First to plump for tariff reduction in the present emergency was one of the trade's stanchest Willkiemen, blond, conservative Fabricator C. Donald Dallas of Revere Copper and Brass, Inc. On the very September day that Wendell Willkie spoke against low copper prices in Anaconda's Butte, Fabricator Dallas spoke for a 12? ceiling in order to head off an inflationary spiral. He advised dropping the tariff altogether when the price got above 12?. Below 9?, he would restore it in full. For each 1? drop below 12?, he would restore 1? of protection...
...steel industry (providing a domestic copper outlet); for this and less ambitious purposes she badly needs U. S. manufacturers. She would gladly trade 100,000 tons of copper for them. Her mines-which can produce for 4? to 6? a pound-can make a profit (accruing mainly to Anaconda and Kennecott) at the present 10? delivered price. The deal would involve some assurance to the U. S. that it would not go higher...
...corporate stock held by individuals. The majority of the voting power in the average large corporation is in the hands of not much over 1% of the shareholders. But some of the biggest and best-known corporations are exceptions (i.e., widely held, without visible centralized control): A. T. & T., Anaconda, Bethlehem Steel, Eastman Kodak, General Electric, Goodyear, R. C. A., U. S. Steel, Pennsylvania Railroad...
...Foreigners owned 3 to 4% of the total stock outstanding in all domestic corporations. Of the 200 corporations surveyed, 17 paid over 10% of their dividends to persons living outside the U. S. Examples: Shell Union Oil, 80%; Singer Manufacturing, 18.8%; Anaconda Copper, 17.5%; Western Union...