Word: coppered
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...philosophy, says Lynd. is now controlled by a bunch of professional overlords who have "copper-riveted one of the neatest bureaucratic machines ever created by any professional group in any country anywhere since the priesthood of ancient Egypt. In nearly every state today, a teacher or principal cannot go to work in a public school without a certificate or license, which can be obtained only by taking courses under a Faculty of Education. When the new teacher gets his first job, he has only begun his vassalage to these superprofessionals. In a great many communities, salary schedules are so rigged...
...bull market really ended quite a while ago as far as the majority of stocks is concerned." He pointed out that gold stocks as a group have never topped their peak of November 1949. The soft drink and brewing group reached its high in January 1950; a year later, copper stocks, retail stores and steels reached theirs. Two years ago the ethical drug stocks reached their top, followed within a few months by such groups as agricultural machinery, mining and smelting, distillers, lead and zinc, and textiles. Thus, all these turndowns had come long before the 30 Dow-Jones industrials...
...supply $150 million worth of goods, including coal, rolled steel, copper, zinc and aluminum, four-fifths on credit, and to hand back 33 requisitioned plants...
Another big shakeout came in copper, once one of the most critical shortages. As free trading in copper was resumed on the London Metal Exchange for the first time in almost 14 years, spot copper, which had been artificially pegged by the British government at 31? a Ib., nosedived to 26.3? on the first day. Before the week ended, the price was back up to 28?, but coppermen felt that this was only a short reprieve. Britain has not yet begun to sell copper from its null stockpile, and Chile, which has kept 65,000 tons off the market...
...Electronic Drill. A new die sinking and drilling machine, which uses one of the softest metals (copper) as the cutting tool for some of the hardest (tungsten and titanium carbide), is being built by the Elox Corp., Clawson, Mich. The copper, acting as an electrode, can drill a hole one-tenth of an inch in diameter through 40 inches of steel. Expected price...