Word: copper
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Dates: during 1920-1929
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Many were the signs, last week, of the new strength in the U. S. copper industry. One pound of metal, which cost 13 ? "a year ago and 15? a month ago, last week brought producers 16?. On the Manhattan stock exchange, copper stocks went to new post-war highs. Anaconda stood at 89¾, as against a January low of 54. Granby Consolidated rose from 43? 1 to over 78. Kennecott reached 124¼ a new high for all time...
...permissible, therefore, to point with prosperous pride to the industry as a whole. And. as everyone knows the greatest single unit in the copper industry is the mammoth Anaconda Copper Mining Co. Chief of producers, chief (through the controlled American Brass Co.) of manufacturers, Anaconda's assets top $500,000,000. With prices mounting to profit-making levels, with an effective Copper Export Association to relate supply to demand. Anaconda looked, last week, towards record sales, record profits...
Died. Terrance Waldman, 4, & Benjamin Waldman, 1, sons of Milton S. Waldman, assistant editor of the London Mercury, grandsons & heirs of the late copper tycoon Benjamin Guggenheim who perished on the Titanic; in a 14-story fall from a penthouse roof; in Manhattan. Mrs. Waldman (Barbara Hazel Guggenheim) held the younger son on her lap when a tussle caused the fall...
Smelters. American Smelting & Refining Co. bought up Michigan Copper & Brass Co., among whose directors are William H. Pierce (chairman), George H. Allen (president), Alfred P. Sloan Jr., Walter P. Chrysler...
Wages. Because copper is selling for 15? and more a pound, leading Arizona copper mining companies-notably Phelps-Dodge, Calumet & Arizona and Shattuck-Denn-have increased employes' wages by 10%. Miners will get about $2,500,000 more a year...