Word: coppers
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Dates: during 1930-1939
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Less shouted about than Los Angeles' famed Hollywood Bowl summer concerts are the regular winter programs of Los Angeles' 20-year-old Philharmonic Orchestra. Golden Age of the Los Angeles Philharmonic was between 1919 and 1933, when the late copper tycoon William Andrews Clark Jr. lost $250,000 a year on it. When the cornucopia stopped flowing at Clark's death five years ago, a group of conservative Los Angeles socialites managed to keep his orchestra alive, but gave it less lavish rations. Proud were they of getting as permanent conductor world-famed Otto Klemperer. While...
...Anthony J. Drexel Biddle Jr., Mrs. Biddle and her daughter by a previous marriage, Miss Peggy Schulze. In Paris, with U. S. Ambassador to France William Christian Bullitt acting as best man, the 21-year-old Prince married 18-year-old Peggy, whose mother is an $85,000,000 copper heiress...
...Copper sales fell off 95% from their boom peak in September...
...Copper. But on the outskirts of the buying rush stand some industries which have already passed the peak mark of sales, are declining. Typical is copper, which the Allies have passed by in favor of purchases from African, Chilean, and Canadian sources; Germany, in favor of Balkan metal. In September copper sales had set an all time record (183,627 tons). Copper sellers sagely guarded against White House strictures on profiteering by stabilizing the price at 12? a pound. They guarded against overproduction by rationing customers. By the beginning of October sales had gone as low as 4,000 tons...
...Most copper men, glad that they had had their innings, were content to give their customers a chance to work off the loads bought in July and September. Not so Phelps Dodge's Louis Gates, whose customers left him high and dry last spring (TIME, May 22) when he refused to follow his competitors' price cut to 10?. Last week poker-playing Gates showed that he believes in flexible prices-on the up side. He posted a price of 12½?, panicked consumers to come back into the market for more inventory. Reluctantly Kennecott and Anaconda, both with...