Word: ores
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Dates: during 1950-1959
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...expected to demand a big wage increase, possibly as high as 60? an hour. Even if the Steelworkers get as much as 20? an hour, the union claims that it will cost the industry only an additional $4.00 per ton. While other costs are also climbing-iron ore is up 7.4% since July, railroad freight 7%, scrap iron 83.5%-the total increase still falls well short of the $12-to-$15per-ton increase the industry wants. Thus, while costs will eat up part of any price boost, the bulk of it will go to pay for added capacity...
...biggest over-the-counter dealers in the U.S., since 1951 lured in 50,000 buyers of shares in Utah's Consolidated Uranium Mines Inc. He said that Consolidated had 85,000 acres of uranium land leases and had discovered $1,000,000 worth of uranium ore on only three of these acres. His salesmen grandly put Consolidated's net worth at $85 million, said the company's gross would jump 10% yearly and the stock would sell at up to $20 a share in a few years...
Consolidated Uranium itself had no part in the deal, and President Edward G. Frawley repeatedly protested to Tellier about the "exaggerated statements" in sales literature. Actually, Consolidated does not even own its biggest ore fields, and may lose them when its contracts expire in 1960. At most, its net worth is $1,000,000. Current value of the stock: about...
Since most company communities exist to exploit oil or ore discoveries in remote areas, management generally invests lavishly in recreational facilities to attract and keep a high-caliber work force. In Colorado, Climax Molybdenum Co. has equipped the inaccessible Rockies settlement of Climax (where it operates the country's largest underground mine) with ski tows, a $31,700 youth center, a $106,000 recreation hall with bowling alleys, library, target range and gymnasium, a $128,000 skating rink and a TV booster to bring in programs from distant stations. Crown Zellerbach Corp., which runs three lumber company towns...
Mixed Emotions. In Salem, Ore., police looked for the burglar who broke into Mrs. Jeanne Hopkins' home, ripped up linoleum between the living room and the dining room, opened a can of varnish and varnished an old newspaper, made a batch of French toast in the kitchen, baked a fudge cake from a recipe on a Betty Crocker Mix box, stole a ten-inch pie plate...