Word: calumets
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Copper Deal. Making the best of the demoralized market for copper, Phelps-Dodge Corp. has slowly gone about a large expansion program. Recently it acquired Nicholas Copper Co., big copper refinery, long affiliated with Phelps-Dodge and Phelps-Dodge's great & good friend, Calumet & Arizona Mining Co. Last week it planned to absorb National Electric Products Corp. Since National Electric is a fabricator of metal products, Phelps-Dodge becomes a complete unit in the industry. Other complete units are Anaconda Copper Mining Co. (controlling Anaconda Wire & Cable Co.), Kennecott Copper Corp. (controlling Chase Companies...
...Calumet-Arizona Mining...
...Calumet & Hecla Consolidated Copper...
...election of Hunter S. Marston, Bancamerica-Blair president, to the Board, some significance was attached to the fact that Blair and California Packing are very friendly. At present General Foods has more than 80 branded products (ten leading ones: Walter Baker's Chocolate, Maxwell House Coffee, Calumet Baking Powder, Postum, Hellman's Mayonnaise, Grape Nuts, JellO, Log Cabin Syrup, Swan's Down Cake Flour, Diamond Crystal Salt) which it distributes through 400,000 grocery stores. The average age of the component companies is 40 years. Hoariest of all is Walter Baker's Chocolate, now celebrating...
...learned two important things. First was that Walter Douglas, president since 1917, will resign and be succeeded by Louis Shattuck Gates, vice president of Utah Copper Co. Second was that Mr. Gates may soon head a much bigger company, for engineers are inspecting the properties of Phelps-Dodge and Calumet & Arizona Mining Co. to decide on the advantages of a merger...