Word: coppers
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HAPPY JACK URANIUM MINE, one of richest in Colorado Plateau, has been bought by Texas-Zinc Mineral Corp., uranium subsidiary of Texas Co. and New Jersey Zinc. Fletcher Bronson and family originally bought mine for $1,000 as copper prospect in 1946, once turned down $15 million for it. Texas-Zinc is mum on purchase price, but has already started building processing mill at Mexican Hat to handle ore from Happy Jack and other southeastern Utah mines...
...four humming power plants generating 200,000 kw. of electric-power capacity. The valley's desert was turning green with crops; plumes of smoke from new plants rose in the air. With 80% of India's coal, 98% of its iron ore, and all of its copper ore, the Damodar Valley was beginning to boom...
Last week the secret of the copper scrolls came out. Their subject, announced the French, British and U.S. scholars who have been working on them in the Jordanian section of Jerusalem, was not spiritual at all. They were clues to buried treasure-and on a Fort Knox scale. Two hundred tons of gold and silver-were mentioned as well as a considerable cache of incense in about 60 separate hoards scattered over a 50-mile-long area from Hebron to Mount Gerizim, near Nablus...
...copper rolls were originally one sheet, rolled up in a hurry or by unskilled hands which broke it at a joint into two rolls. The directions read more like the works of Captain Kidd than the Dead Sea Scrolls' Teacher of Righteousness: "In the cistern which is below the rampart, on the east side, in a place hollowed out of rock; 600 bars of silver . . . Close by, below the southern corner of the portico at Zadok's tomb, and underneath the pilaster in the exedras, a vessel of incense in pine wood and a vessel of incense...
...COPPER PRICES, on the skids for ten weeks, are poised for still another tumble. After sliding from last March's record high of 55.5? a Ib. to 40? a Ib. last week, prices of custom smelters are still weak as customers refuse to buy, live off inventories. With copper futures on London market currently at 36.4? a Ib., commodity men say U.S. producer prices will have to come down...