Word: coppers
(lookup in dictionary)
(lookup stats)
Dates: during 1950-1959
Sort By: most recent first
(reverse)
...ninth day of the nationwide copper strike, President Truman reluctantly trundled out a Taft-Hartley injunction for the first time since Korea, sent 53,700 members of the left-wing International Union of Mine, Mill & Smelter Workers back to their jobs. Already back at work were 8,300 employees of the huge Kennecott Copper Corp., which had made a separate peace with the union five days before. Kennecott's terms: a raise averaging 15? an hour (just a fraction of a cent more than its last offer before the strike began), and an additional 4½? an hour...
Though the nation's copper production was almost back to normal this week, the strike will cost the defense effort an estimated 30,000 tons of copper-scarcest material in the defense stockpile-as well as the zinc and lead mined with it. Result: a complete reshuffling of defense production schedules...
...booming expansion of Canada's economy to meet the needs of Western defense. Since the beginning of the year, the value of listed stocks on the Toronto exchange has climbed from $10.2 billion to $12 billion. Last week, with the announcement of a new ore discovery, Quebec Copper soared from $1.35 to $2.95. Canadian Pacific, Canada Cement and the Aluminum Company of Canada all hit new 1951 highs...
...their new president, Kennecott directors took a chance on a man who knew nothing about copper. He was Charles Raymond Cox, 60, a rough & ready dynamo who had spent most of his life in the steel business, risen to boss U.S. Steel's largest subsidiary, Carnegie-Illinois. Cox brought in some new blood for Kennecott's executive ranks, expanded research, cut costs where he could. Under Stannard, Kennecott was a one-man show; Cox decentralized...
Last week Cox showed that he had learned his copper lessons well. In the first six months of 1951, he reported, Kennecott profits hit a new peak of $50 million, up 33% from the same period of 1950 (despite a 183% jump in taxes). Some of the gain resulted from a higher price for copper (24½ v. 18½ a Ib. in 1950). But much of it came from the 32% boost in copper production which Charlie Cox and his new team had managed to achieve in a year. This week, as the nation's copperworkers went...