Word: metalmen
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Dates: during 1950-1959
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...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...