Word: coppers
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Dates: during 1940-1949
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...Huge coal deposits at Karaganda in Kazak, only recently prospected, are now yielding 5,500,000 tons a year, and the once Godforsaken hamlet of Karaganda has become a modern city. So has Kounrad, where the mining of extensive copper deposits around Lake Balkhash has begun. Sulfur plants have sprung up in the hills of Darvaz in Turkestan...
...Butte, Mont. In World War I, U. S. producers went to work on their submarginal deposits, by 1918 were turning out 35% of U. S. needs. After the Armistice the cheaper product of foreign mines drove down U. S. production to the vanishing point. Last week from big Anaconda Copper came word that U. S. manganese would go to market again. Awarded to Anaconda by the new Government-owned Metal Reserve Co. was a contract for 240,000 tons of manganese, to be delivered at the rate of 80,000 tons a year. Most heartening news of all was Anaconda...
...World War I the U. S. economy underwent a steep price inflation. It served the purpose of stimulating swift increases of production and was not checked until War Industries Board Head Bernard Mannes Baruch negotiated fixed prices with steel, copper, other major industries...
...rise; the Temporary National Economic Committee called steelmen to Washington, argued for low prices, hinted at an anti-steel publicity campaign; the steel price stayed put. When housewives started to hoard retail sugar (TIME, Sept. 23), the President untied import quotas; in came Cuban sugar, down went prices. Copper began to move upwards; the President said the price was being watched, and the move slackened. Few weeks ago domestic mercury sold as high as $200 a flask. So the Administration stopped issuing export licenses for domestic mercury (a strategic material) and the price fell...
Last week Union Securities Corp. had 23,000 shares of Kennecott Copper common to dispose of. Like many a trader, Union Securities decided that its best chance was to sell them privately, outside the market...