Word: kennecott
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...United Rubber Workers went after a reported 12? raise this year. They settled with Goodyear after a 53-day strike, and with Firestone after 24 days, for 6½?, just a little more than the companies offered in the first place. Workers who went on strike last month at Kennecott Copper for 25? an hour were settling for a nickel...
Danger Signals. Businessmen in a score of fields reported that the slide has stopped. U.S. Steel's Ben Fairless announced to his stockholders that "an upturn in demand is beginning to appear." In the copper industry, which has recently been trimming production. Kennecott Copper President Charles R. Cox also reported a turnabout; his company will increase the work week from five to six days at four western mines. And a special committee of the Government's Business Advisory Council reported that the business decline has leveled...
Mining. Phelps Dodge, No. 2 domestic copper producer (after Kennecott), came put 11% ahead of its 1952 marks, both in sales and in earnings of $39 million. Freeport Sulphur piled up the highest sales, $38 million, and profits, $8.5 million, in its history...
...reux Ruest, 54, was the man who manufactured the time bomb that exploded and killed 23 people (including President E. T. Stannard of Kennecott Copper Corp. and two other Americans) on a Quebec Airways plane in September 1949. A watchmaker, Ruest made the bomb with a stick of dynamite and the mechanism of an alarm clock for his friend Albert Guay, in return for a $10 ring. Guay wanted to kill his wife, who was on the plane, not only because he had a mistress whom he preferred, but also to collect a $10,000 insurance policy...
...Canadian nickel companies, already producing more than 90% of the free world's nickel, pushed ahead with expansion plans involving more than $160 million. Canada also moved to dominate world production of titanium. After putting up $40 million, Quebec Iron and Titanium Corp. (owned by Kennecott Copper and New Jersey Zinc) began mining the world's largest deposits of titanium ore in Quebec...