Word: pasco
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...mining are in the mood to expand. Marcona Mining Co. plans to triple the capacity of its $20 million iron-ore pelletizing plant on Peru's southern coast; Southern Peru Copper Corp. is investing $16 million for improvements; and the king of the mountain, Cerro de Pasco Corp., has just earmarked $18 million to expand its $270 million mining complex. Next month General Motors will open a $5,000,000 assembly plant outside Lima, the first of 15 automakers, including Chrysler and Ford, that intend to settle in Peru...
Petersen is currently chief geologist with the Cerro de Pasco Corporation and has written extensively on the Andes in Peru, Bolivia, and Chile...
...government has yet to catch up with him. Communist-organized trade unionists and students have staged riots, and Red agitators work to turn relatively peaceful strikes into bloody free-for-alls. Striking miners recently burned and sacked a lead and zinc complex belonging to the U.S.-owned Cerro de Pasco Corp., causing $4,000,000 damage...
...themselves along the inland waterways. Such proud East Coast seaports as New York, Philadelphia and Baltimore are losing cargo tonnage, but river and canal ports steadily gain. Brownsville, Texas, in 1961 handled an astounding 4,100,000 tons of cotton, chemicals, citrus fruit and coffee. Columbia River towns like Pasco and Umatilla have become blossoming grain ports. Biggest winner of all is bustling New Orleans, which in 1961 boosted its cargo business 8% to a record 61.3 million tons. Serving as the connecting point between the Mississippi River complex and the Gulf Intracoastal Waterway, New Orleans boasts that at least...
...recover the circulation they lost two years ago by raising the copy price from 5? to a dime. The Chicago Tribune now offers bargain advertising "zone rates" to hold fringe accounts, such as the corner grocer, who neither wants nor will pay for a citywide broadside. In Pasco, Wash., Sears, Roebuck began distributing handbill ads rather than accept the latest hike in ad rates. Moreover, newspapers, which once enjoyed a hefty 45% of the advertising pie, must compete with television. Last year alone, TV's portion rose 1% to 13% of the pie. The newspapers' 1958 share...