Word: coppers
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...Copper, now being produced at 950,000 tons annually, has an excess capacity of about 350,000 tons; moreover, producers hold high inventories of refined copper. Government guarantees for 120,000 tons have a ceiling price of 28? per lb., which will probably act as a barrier to any major price rise...
...York! Chicago!" Major Lyles and his three remaining crewmen leaped out of the burning plane, were soon rounded up by Soviet troops. But the five who had bailed out safely had a far rougher time. Hundreds of copper-skinned Armenian peasants swarmed around Relief Pilot Colonel Dale Brannon, Copilots Major Robert Crans and Major Bennie Shupe, first curiously, then aggressively hostile. The peasants marched them off toward a village, began slapping, kicking, hitting them, dug into their pockets for souvenirs as they loaded them into cars and trucks. The truck carrying Major Shupe stopped beside a telephone pole. One peasant...
MINING SUBSIDIES of $155 million for depressed copper, lead, zinc, tungsten and fluorspar (TIME, May 19) passed Senate by such a high margin (70-12) that bill stands good chance of riding through House and becoming law this summer...
...heaviest trading day in the exchange's history. On the floor, traders surged around trading posts, rushed madly from booth to booth waving order slips and shouting at the top of their lungs. The heavy trading was touched off by reports of a rich drill hole in a copper vein discovered more than a fortnight ago in the Mattagami area of Quebec by New Hosco Mines Ltd., a smalltime mining outfit. Shares of New Hosco, a longtime penny stock that sold for 17? three weeks ago, soared as high as $7.25-and took other stocks with it. At week...
...overall length. Her sails are of Terylene (British equivalent of Dacron), and her running rigging is of the same material (with each rope dyed according to a quick-handling color code-blue, green, white, red or yellow). Below decks, even her plumbing is of synthetic Polythene, instead of copper, to save weight...