Word: kennecott
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Chemicals 1958 1959 Du Pont $3.08 $4.61 Wyandotte .14 1.22 Freeport Sulphur .79 .91 Union Carbide 1.66 3.00 Olin Mathieson .74 1.32 Thiokol .22 .65 Rails 1958 1959 Pennsylvania Railroad loss $ .48 New York Central Railroad loss 1.56 Miscellaneous RCA $ .86 1.29 B.F. Goodrich 1.60 2.18 Kennecott Copper 2.07 4.32 Libbey-Owens-Ford .57 3.16 Pepsi-Cola .85 .97 American Machine & Foundry 1.38 2.27 Texaco 2.37 2.79 National Distillers .88 1.05 National Cash Register .96 1.07 Phillips Petroleum...
...electric ranges. Much of the buying was for new houses; builders reported new residential contracts for $1,021,516,000 in January, up 32% from January 1958. With the faster pace, supplies of raw materials grew thinner as manufacturers hedged against possible strikes. The three major copper producers. Anaconda, Kennecott and Phelps Dodge, hiked copper 1½? per Ib. to 31½?, highest price in 21 months. And steelmakers set a rate of 89.5% of rated capacity, said shipments were still far behind orders...
...copper output was raised 36%, with Kennecott mines going on a seven-day week to meet the growing recovery demand and offset the shortage caused by strikes in U.S., Rhodesia, Canada. The price rose to a 20-month high of 31.3? on the London market...
...that the third quarter often showed a sharp increase over the second quarter, when the recession bottomed out. Aluminum Co. of America earned $13.3 million in the third quarter, up from $8.0 million in the second; St. Joseph Lead earned $405,055, up from a $209,935 deficit; and Kennecott Copper $14.8 million, up from $11.3 million...
...Though opponents howled that he wanted to hand businessmen a $7,000,000-a-year tax windfall, Hodges got his bill passed in 1957. While it trimmed state revenues by $2,000,000 the first year, it also brought in new companies. The day the tax bill passed, Allied-Kennecott Titanium Corp. announced a new $40 million, soo-man plant for Wilmington. Fortnight later R. J. Reynolds Tobacco Co. (Camel, Winston, Salem) announced a $35 million, 1,800-man plant at Winston-Salem...