Word: copper
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Dates: during 1950-1959
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...COPPER STOCKPILES, which Office of Civil and Defense Mobilization talked of selling, thus upsetting market, will not be sold, because of opposition by Western Senators...
...subscribe. By tempting the purses of middle-class citizens, the government hopes both to keep them from socialism and to tap the $9.3 billion West Germans have locked up in small savings accounts. The next issue will probably be the giant Viag heavy-industry holding company (coal, aluminum, steel, copper, electric power). By next year the government hopes to get legal complications out of the way, sell Germany's famed Volkswagen company to small stockholders. Said Economics Minister Erhard: "The successful issue of People's Shares is a milestone in our economic history and marks the beginning...
...composition, an oil on a copper surface, pictures a philosopher copying a manuscript illuminated by an unusual lighting effect from a candle...
Less than a year ago, the U.S. had such a glut of copper that the industry was asking for tariffs and subsidies. By last week copper supplies were, so tight that the price of copper was bobbing like a puppet. Custom smelters, who had been selling copper at 32? a lb., got out of the market for a week, came back at 34?-a lb. Major producers were selling copper at 31? a lb., v. last year...
...scramble? Rising industrial production accounts for some of the demand. But chiefly, copper consumers are buying because they fear the price will go still higher if strikes shut the big mines. Says American Smelting & Refining's Vice President Simon Strauss: "Copper consumers have long memories. They remember the copper shortages of several years ago, which were politically rather than economically caused." Strikes have already shut one U.S. smelter and threatened the big mines of Northern Rhodesia. Copper buyers are also hedging the possibility of a strike June 30, when the contract of the International Mine, Mill & Smelter Workers expires...