Word: copper
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Dates: during 1950-1959
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Urging the lowering of farm price support to suit long-range conditions of supply and demand and the adjustment of our foreign trade balance to the needs of this country and the rest of the world, Slichter said that "increases in Imports of raw materials--oil, iron ore, copper, lumber--would be in the national interest...
Other things besides stocks were bouncing up. The impact of increased industrial production and Government stockpiling had begun to tighten the supply of metals, driving up the prices of such raw materials as zinc, lead and copper. Despite the great grain surplus, the prices of corn, wheat and other grains also rose because of exports, Government buying and bad weather. As a result, the Dow-Jones index of commodity futures last week rose to the highest level since December 1948. Traders who thought they saw a general rise in prices ahead once more began to talk about buying stocks...
...collector, Boston Copper Tycoon Quincy Adams Shaw (named for his father's friend, John Quincy Adams) knew what he liked. On a trip to Italy in 1874, he dropped into a small church north of Florence and saw something he liked very much. It was a big, unsigned and undocumented painting of the Nativity, which Shaw felt certain was from the hand of the 16th Century Venetian master, Tintoretto. He bought it and bore it proudly home...
...sudden scramble for materials had once again brought a few familiar whiffs of inflation: steel scrap jumped as much as $1 a ton last week, and the prices of copper, zinc and lead had all bounced higher. Prices of building materials also had moved steadily upward with the upsurge in building. Even Leon Keyserling, acting chairman of the President's Council of Economic Advisers, who had been gloomy about industry's capacity to keep expanding and make more jobs, said: "I am enormously encouraged...
...boys lay in state in true gangster tradition. Undertaker Pete Lapetina supplied two solid copper 900-lb. caskets that cost $1,500 apiece. The crowd that came to see the mortal remains of Kansas City's murdered Northside boss, Charley Binaggio, and his gun-toting henchman, Charles Gargotta, was bigger than the funeral home's large "chapel" could accommodate. Each body was laid to rest with a Requiem Mass...