Word: kennecott
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Dates: during 1950-1959
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...earnings reports last week indicated where business recovery is rapid and where it is slow. It is rapid in some aircraft companies, in machinery makers, rubber and steel. It is slow in base metals and oils, which still suffer from low prices and excess capacity. Both Anaconda Co. and Kennecott Copper Corp., the country's two biggest copper producers, failed to cover their dividends; Kennecott chopped its quarterly payment from...
...Kennecott Copper...
...most U.S. metal producers the plan is merely a rear-guard action against the tariff increases that they feel are necessary. Anaconda's Chairman Clyde Weed called the subsidies "unfair and absurd." Said a Kennecott official: "I can't imagine the American taxpayer making contributions to Kennecott and Anaconda...
Died. Roy Henry Glover, 67, chairman of the board of the Anaconda Co.. world's No. 2 copper producer (after Kennecott Copper Corp); of a heart attack; after attending a State Department dinner in Washington...
...after Anaconda's Roy H. Glover announced that his company was taking no new orders at current prices in Europe, where demand for copper is still strong. Almost all of Anaconda's scheduled 1958 production, plus the carryover of copper from last year, has been sold. Kennecott has also stopped selling domestic copper to Europe because, said President Charles R. Cox, "the copper is worth more in the ground...