Word: coppermen
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...took ten months of humoring and hammering, persuasion and perseverance to get the U. S. copper industry to sign a code last year, but once having signed, coppermen became NRA's heartiest boosters. Just two years before they had been starving to death with copper at 4.7? per Ib. The code pegged the price at 9?. Early last year there was enough copper above ground to keep the U. S. supplied for 18 months with every mine closed. The code slapped severe restrictions on output and today the copper above ground would last only seven months. From the code...
...wide, 10 miles long, 3,000 ft. deep at the centre. Roan and its companion mine Mufulira could flood the world's copper market, if that should be the desire of Board Chairman Alfred Chester Beatty, onetime partner of Herbert Hoover. To the world's other coppermen Roan Antelope is a fabulous nightmare...
...Reason: domestic producers had notified the sales clearing agent of the Copper Code Authority that they were about to raise the price of copper from 8½? to 9? per Ib. Last week as the new price went into effect, sales slumped off considerably. Not in three years had coppermen been able to get 9?. When President Roosevelt took office they could get barely 5?; the January before copper touched an all-time low of 4.7?. The 1933 average was 7.15?. At that price Kennecott Copper, whose operating costs are one of the lowest of any big domestic unit...
...rich vein of copper ore, 200 ft. wide, 10 mi. long, 3,000 ft. deep at the centre. Now owner of the vein is Roan Antelope Copper Mines, Ltd. Six years ago Roan had not been formed. Two years ago it was not producing commercially. When last spring the coppermen of the world decided to curtail production to 20% of capacity, Roan Antelope meekly agreed to a quota of 23,000 tons. Last week when the coppermen were meeting in Manhattan to renew their pact, Roan Antelope's representatives arrived bristling with demands and challenges. African copper has long...
...Liverpool for under 4?, which not even Katanga can meet, and 3? under most U. S. companies. With no new public utilities construction and no good war in sight, stocks of copper above ground have mounted to 850,000 tons, enough to last the world 18 months. U. S. coppermen felt that much of this may be pounded on the world's markets in competition with Roan. knocking prices down & down, forcing Roan to see the value of cooperation. Copper in Europe dropped last week to 4.9?, ½? above the summer...