Word: coppered
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...days afterward, whenever he spotted an acquaintance, he would insist on showing off his medal, exclaiming delightedly: "Look what I've got!" In addition to decorations from France, Norway, The Netherlands and Belgium, Reed was honored recently by the Five Flies, an Amsterdam restaurant, which installed a copper plaque in one of its chairs boasting that Ralph Reed once sat there...
...COPPER PRICES are floating down from their ceiling. After long strikes last year which cut supplies by 150,000 tons and pushed prices up some 60% to a peak 55? a lb. for U.S. custom-smelted copper, U.S., Chilean and African mines are finally starting to catch up. Result: prices in the world (i.e., London) market last week tumbled nearly...
...radio and TV manufacturers are increasing inventories 10% to 20% to keep up with sales boosts as high as 183% in some areas. In the South, clothing firms, drugmakers and other small manufacturers report rising sales, say they are also increasing inventories because of expected price rises. With steel, copper and aluminum suppliers booked solid well into midyear, West Coast aircraft, electronics, and other manufacturers are building up go-day inventories of scarce metals to protect themselves. As for retailers, Southern California apparel-and department-store inventories are up 9% to 12% in response to a 7% sales increase...
Legal Detail. In Seattle, Carl Floyd Black was sentenced to 18 months on a burglary charge, despite his plea that he could not be held accountable for stealing a power saw from the Seattle Plywood Co. because he broke into their warehouse to steal a load of copper pipes...
...free world's nickel. Last week Inco announced net profits of $91.5 million for !955, up 40% over 1954. For the sixth successive year, production hit a new peak with nickel deliveries of 290 million Ibs., while the company also delivered 263 million Ibs. of copper (worth $100 million), 1.637,000 Ibs. of cobalt (worth $4 million), 445,000 oz. of platinum (worth $20 million), plus smaller amounts of gold, silver, selenium and tellurium...