Word: kennecott
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...advertised for 2,600,000 lb. of copper. Not an envelope came in. Again it invited bids, again there was nothing to open. Since copper would not go to the Navy, the Navy last week went to copper, ordering 400,000 lb. at better than 12? per lb. from Kennecott in Manhattan and Calumet & Hecla Consolidated in Boston...
...chief producers are the Congo, Rhodesia and Chile. Purchases by Europe are currently holding foreign demand nearly to the rate of 1935, when the Continent consumed 1,215,000 tons, an all-time record. Chief U. S. copper companies to cash in on the foreign market are Anaconda and Kennecott, which operate big mines abroad...
...weeks, U. S. copper men have been arguing whether they should boost their price from 9.75? to 10? per lb. Fortnight ago, the idea got a stiff setback when potent Kennecott announced it had plenty to sell at the present price, promptly increased its output 25% rather than take a chance on having a runaway market at a higher price. Last week, U. S. copper men were still wary enough to make no price advance even in the face of the foreign rise, although in the past such an action would have been almost automatic...
Michigan College of Mining & Technology (Houghton, Mich.) President Louis Shattuck Cates of Phelps Dodge Corp ................D.E. President Earl Tappan Stannard of Kennecott Copper Corp...
...Phelps Dodge Corp.'s sales increased from $36,000,000 in 1934 to $53,000,000 last year. Profits were up from $3,224,000 to $6,147,000. Recently Anaconda and Phelps Dodge boosted the price of copper to 9½? per lb., but Kennecott held to the old 9½? level. Which price will prevail in this curious division of copper opinion will depend largely upon the foreign demand, which last year set an all-time record. U. S. consumption was still 50% below the 1929 figure...