Word: metalmen
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...Deal. Within hours, Bethlehem and smaller competitors stepped into line with selected price adjustments of their own. Rumors flew among metalmen that U.S. Steel's Blough, who had been John Kennedy's chief protagonist in the stormy steel rollback of 1962, had personally concluded that industry's peace with the President. Blough did, in fact, come in for earnest entreaties from Defense Secretary Clark Clifford about steel and the national interest, but the Administration denies that any deal was struck...
...underground tunnels fanning out through five mines. Sudbury is to nickel what Minnesota's Mesabi Range is to iron, at one time supplied more than 80% of the free world's nickel. But the credit for making it pay off goes to a pair of hardheaded metalmen with the know-how and vision to turn nickel into one of the world's most important minerals: Inco's onetime President and Chairman Robert Crooks Stanley, who died in 1951, and present Board Chair man Dr. John Thompson, 75, a Columbia School of Mines Ph.D. who joined...
...futures market in booming citrus concentrates, whose prices fluctuate as much as 60% in a season. In Chicago a futures market in scrap iron and steel will open late this summer at the huge Mercantile Exchange, where $1.3 billion worth of farm products are now sold each year. Eventually, metalmen hope to trade up to 24,000 tons of scrap iron and steel...
...nationwide boost of 1? a gallon in the price of gasoline. Scrap copper, supplies of which had dwindled to almost nothing in expectation of a free market, scooted up 4? a lb. to 25?. Since that was more than the ceiling price on refined copper (24½? a lb.), metalmen were sure that the refined metal will spurt closer to the world price of 36? if its price controls are lifted. Steelmen predicted that prime scrap steel, now at $36 a ton in New York, would soar...
...didn't come and get it. WPB's Bureau of Industrial Conservation admitted that the long-delayed nationwide campaign to salvage tin would soon get under way, could not say when, how, where the detinning would be done. The only positive, encouraging word came from harassed metalmen themselves: detinning of used cans is a perfectly feasible if not profitable operation...