Word: coppers
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...sold to the unwary. And prices for authentic antiques can often be higher in the Flea Market than in the expensive antique shops of the fashionable Faubourg Saint-Honoré-in fact, canny antique dealers work both sides of the street. Sitting in their shop armchairs, slowly polishing their copper casseroles and warming pans, the dealers are well aware of the old truth that the more of a mess surrounds an object, the more a customer thinks he has made a find...
...half-century has seen the Congo achieve an economic miracle, become the world's leading producer of industrial diamonds, cobalt, uranium, and one of the major exporters of copper and tin. During World War II the Congo even paid the bills for the Belgian government in exile. While Britain and France poured large sums into overseas territories, the Congo colony's $960 million ten-year development plan has been 70% financed by the Congo itself. Not only whites have profited. For the Congo's African citizens there are 2,468 hospitals and dispensaries; more than...
...alltime high of 543.36 on the Dow-Jones industrial average. U.S. Steel rose 4⅛ during the week to 84½. Bethlehem 2¼ to 51, Youngstown 6f to 117. Also helping push the market up was a big play in the nonferrous metals market. Copper shares rose up to 9^ points for the week, partly on the strength of copper strikes in Canada, Northern Rhodesia and New Mexico. Zinc and aluminum stocks also rose. The feeling that the U.S. economy on the climb again would be a spur to world business helped push up stocks in Europe (see Business...
...methods of straightening out world markets, are convinced that they are as harmful as farm price supports-and will work no better in the long run. Says Simon D. Strauss, vice president of American Smelting & Refining Co., the world's largest smelter and refiner of lead, zinc and copper: "Such agreements, in the short run, would restore order to the market. But, for the long run, metals restrictions are useless. They usually protect the weakest, least efficient party to the pact...
Most businessmen believe that the best and quickest way to cure the glut in many commodities is not a governmental plan but voluntary agreements to trim output and bring supply in line with demand. The copper industry has shown how producers can solve many of their own problems. Copper producers voluntarily cut back production in the face of a big supply and falling prices. The market stabilized itself without any artificial controls, and last week copper prices were moving...