Word: coppers
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Crowds passing through the display saw copies of Ronson and Zippo lighters, Sheaffer and Parker pens, Bell & Howell movie projectors, Leica cameras, Esterbrook desk-pen sets, Revere Ware copper-bottomed saucepans, even a West German B.M.W. motorcycle. Some Japanese copies were so precise the parts were even interchangeable with foreign products. "There would be many more complaints if people only realized the full extent of the copying," said one trade official. "American electrical appliance makers may be due for an early shock. Japanese appliance manufacturers are rapidly nearing the stage of technical proficiency where facsimile copies will be possible...
...House support for a bill that he badly wanted for his district. Other helpful Administration tactics: weakening the tariff urge among Congressmen from oil and mining states by announcing a program of voluntary oil-import curbs and a plan to stockpile up to 150,000 tons of U.S.-mined copper (see BUSINESS...
...with the government, it owns and operates at least 60% of the nation's business. It invests in iron foundries, textile mills and shipyards, factories from Dan to Beersheba. When the army's victories made Israel safe beyond these scriptural bounds, Histadrut reopened King Solomon's (copper) mines and built a luxury hotel to attract tourists to Elath. Denounced as monopolistic (its grandiose Tel Aviv headquarters is known as the Kremlin), Histadrut has lately agreed to invest jointly with private enterprise...
Interior Secretary Fred Seaton, who got only tepid support from miners for his Domestic Mineral Stabilization Plan (TIME, May 19), last week won more enthusiasm with a new proposal for copper. The new one-year plan calls for Government stockpile purchases of up to 150,000 tons at prices up to 27½? per lb. (v. the present producers' price of 25? per lb.) in addition to the 10,000 tons a month the Government already buys for the stockpile. Western mining-state Congressmen like the stockpiling plan better than the out-and-out subsidy previously suggested, thus...
...Seaton plan touched off a burst of speculation in the metal. Copper futures rose briefly; custom smelters boosted their prices 1? to 26? per Ib., and the free market price of copper on the London Metal Exchange rose to 25? per Ib., highest since September 1957, before it fell back. Though domestic stocks of refined copper are 253,463 tons, highest since World War II, traders figured that the stockpiling could cut down the surplus, pave the way for a rise from the 25?-per-lb. price still maintained by primary producers. But copper miners pointed out that any real...