Word: coppers
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Dates: during 1930-1939
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Tariffs. Then the Senate snagged on the bill's four tariff items-oil, coal copper lumber. Progress was halted under a deluge of angry oratory. Night sessions failed to break the deadlock. Republican Leader Watson dolefully announced: "Adjournment is still a long way over the horizon...
...bill's proposed tariffs on oil, coal, lumber and copper spoiled its non-partisan character. Five Democrats of the Finance Committee signed a minority report flaying the log-rolling which put such duties into the measure. Democratic committeemen who did not sign this report were Kentucky's Barkley, proponent of a coal tariff; Texas' Connally and Oklahoma's Gore, proponents of a duty on oil; and Utah's King, copper...
Died. William Andrews Clark III, 36, grandson of the late Montana copper tycoon and Senator, William Andrews Clark, who in 1925 left a fortune of $50,000,000; instantly, when an airplane in which he was flying a few miles from his estate near Phoenix, Ariz, plunged 2,000 ft. in a tailspin...
...April 1 the copper industry agreed on a new ratio of curtailment which brought production down to 20% of capacity. It takes copper 120 days from mine to market so the effect has not yet been felt. Last week copper dropped to 5½ per lb., lowest price in history Metal & Mineral Markets said nothing has occurred to bring on the present wave of pessimism. But observers thought that low prices, possibilities of complete shutdowns, might influence Congress' attitude towards a copper tariff...
Nevada Absorbed. Kennecott Copper owns 98½% of Utah Copper, which in turn owns 45½% of Nevada Consolidated Copper (mines in Nevada, Arizona, New Mexico). Last week Kennecott offered one share of its stock for two of Nevada's, is expected to acquire practically full control. Coppermen expect that Nevada's mines will then be closed down, pointed out last week that if they were closed now Nevada's stockholders might cause trouble for Kennecott...