Word: customs
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...last week copper stocks rose in heavy trading. At week's end Kennecott was up 2⅜ to 88⅞, Anaconda up 2½ to 46⅞, Magma 5¼ to 47. Behind the push was a ½? rise to 23½? a Ib. in copper price at custom smelters, which normally supply about 15% of U.S. refined copper. On the London Metal Exchange, where world prices are set and fluctuate with daily sales, copper closed...
...this the anticipated turn in copper prices? Copper analysts think not-at least not yet. The last ½? hike at custom smelters, in December, lasted only three weeks when the price dropped back, subsequently fell 2? more. Demand is still sluggish at the 25?-a-lb. level asked by major domestic producers, and Western Congressmen are still talking about a sick industry and pressing for a 4?-a-lb. tariff, placing the "peril point" where the tariff would go into effect at 30? (TIME, Feb. 10). While producers feel that the users' inventory liquidation is about over, higher copper...
Perhaps the basic political fact about recessions in the U.S. today is that the Federal Government is committed by law, custom, popular demand and political necessity to combatting them. Last week, confronted by a spate of plunging graphs and slipping statistics, both the White House and Capitol Hill were talking plenty of combatting. Items...
...hucksters certainly hit home. It is an unfortunate fact that the manufacturers and distributors of pseudoreligious trinkets find ready prey among many gullible Catholics. The church is strongly in favor of the use of rosaries, medals, and such aids in the worship of God, but the abuse of this custom, as practiced by these unscrupulous individuals, constitutes a grave offense against everything the church stands...
...this point, the strain of running a longer race than is his custom began to tell on Anderson. He faltered briefly and was immediately passed by all four of the men who until then had been running behind him. In the last lap, however, he managed to muster a finishing sprint sufficient to overtake Jenkins and he narrowly missed catching Lockerbie...