Word: coppered
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...coal producer. Sold 72 million tons worth $723.4 million in 1975. Has untapped reserves of 9 billion tons in the U.S., plus holdings in Australia. Potential buyers must 1) be able to raise $1 billion, and 2) get approval of the Federal Trade Commission. If qualified, call Kennecott Copper Co. in New York City -and call collect. soon as the U.S.'s biggest copper company acquired Peabody in 1968, the FTC charged it with violation of a dubious antitrust law. That led to a formal FTC ruling in 1971 that Kennecott must get rid of Peabody. The order demanded...
...moderately, helped by price hikes for gasoline and other petroleum products. Texaco's earnings were up 23% and Continental's 27%. Exxon, the industry leader, reported a decline of 2.6%, largely because of a drop in its foreign earnings. Other industries benefiting from price boosts were aluminum, copper and lead producers, along with electric utilities. Strong demand for all product lines also boosted profits of electrical equipment makers such as General Electric and RCA. Others scoring substantial second-quarter gains were producers of building materials, apparel and forest products; even the long buffeted airline industry took off (TIME...
...reddish material interspersed with small blue-black or blue-green patches. Many of the rocks were also coated with a reddish stain, strongly suggesting the presence of iron that had rusted in the presence of atmospheric or waterbound oxygen. Other rocks, blue-green and opalescent, reminded some scientists of copper ore. After correcting the color values on the photograph, scientists decided that the sky, which looked blue in the original print, was really of a pinkish hue. All in all, the view, far from being alien and forbidding, seemed almost inviting. "Oh, gosh, that's just lovely," said Thomas...
...dollars), has risen 34% since last November. Quotations on the London commodity markets, which determine prices for many international transactions, are somewhat overstated since they are expressed in sterling and the pound has been sinking sharply in value. Even so, they are worrisome. Some examples: the sterling price of copper wire bars has jumped 83% above its 1975 low, zinc 44%, nickel 61%, tin 53%, cocoa 161%. In the U.S., soybean futures prices rose 13 cents, to $7.20 a bushel, last week on the strength of rumors of possible large sales to the Soviet Union and China. A recent Common...
...sufficiently uneven-Britain and Italy are notable laggards-to prevent the kind of frantic scramble for raw materials that went on three years ago. In addition, many commodity producers are still operating well below capacity and have room to expand output to fill demand. For example, production in copper-mining countries has been running about 15% below normal levels for more than a year...