Word: copper
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Dates: during 1930-1939
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...Hayden millions will be administered by his executors-President Arthur J. Ronaghan of Equitable Trust Co., Controller Edgar A. Doubleday of Hayden, Stone & Co., Vice President & Treasurer Erie V. Daveler of Utah Copper Co., his younger brother, Josiah Willard Hayden, a roly-poly Boston epicure to whom he left a life interest in a $2,000,000 trust fund. Except for the $1,000,000 trust fund bequeathed to Massachusetts Institute of Technology, the Foundation will eventually manage all the trust funds Banker Hayden allotted to relatives and friends, including a $30,000 annuity for Anita Stewart de Braganga, widow...
...wealthy Boston shoe manufacturer, at the Massachusetts Institute of Technology Charles Hayden specialized in economics and mining engineering. Fore seeing the expansion of electrical power, he made up his mind to get rich in copper. Charles Hayden proposed to do so not by mining copper but by speculating in copper. Year after graduation he took a $3-a-week job as a "ticker boy" to learn the inside of a broker's office. At 21 he was ready to borrow $20,000 from his father, launch his own brokerage business with his officemate Galen L. Stone, whose Milk Street...
Price rises in such great world staples as wheat, cotton, rubber and copper have been as thoroughly publicized as the Roosevelt bull market. But the world is full of a number of things just as important to industrial civilization as staples. For a broad view of commodities the businessman leans on the big wholesale price indices, typical of which are those computed by Dun & Bradstreet, the Department of Labor and the Annalist, financial weekly published by the New York Times. Last week a 23-year picture of these indices looked like this...
Biggest fuss last week in the commodity markets which the bounding indices reflect was in copper. Metal prices at home and abroad have been rising dramatically since early autumn. Fortnight ago copper's sister non-ferrous metal, tin, was placed on virtually a 1929 production basis by the tin cartel (TIME, Jan. 18). Last week, with export copper selling as high as 12.75? per lb., the international copper cartel called off production quotas to keep the price of the red metal from soaring higher and to discourage reopening of low-grade mines...
...clarified some knotty legal points. One question raised by Harvester was whether the hours provisions applied to its other operations such as farm machinery or only to its truck plants. The Labor Department held that only the particular plant making Government goods was affected. In the case of the copper companies all mine operations might be included, which was presumably the reason for their refusal to bid. Reason they finally got the business was that the law permits suspension of the rules in an "emergency," a state which apparently exists when the Navy lacks copper. Another "emergency" may arise shortly...