Word: coppering
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
Only those who are acquainted with European archaeology realize how far the inhabitants of Central Europe 4000 years ago had advanced on the road to civilization. The people of Homolka may have seen copper, but they made little use of any metal, and their tools and weapons were skilfully fashioned of stone or bone. They were also excellent pottery-makers, and the large and elaborate series of well-decorated vessels brought back by the expedition is impressive in both quantity and variety. They were also farmers and herdsmen, and no doubt looked down from their strongholds upon fields of grain...
...Calumet & Hecla Consolidated Copper Co. slashed 10%, off the pay of underground and surface workers receiving more than $3.25 a day, 15%, off salaries above $200 a month...
Most important aspect of the drop was the decision by coppermen that they will henceforth allow the price to drift as it will, even if this means elimination of high-cost producers. The history of copper has been full of attempts to peg the price, and even 1929's lesson was not heeded. Late last year the leading producers decided to curtail production by 20%. They boosted the price from 9½ to 12½ within one week (TIME, Nov. 24). But although production has remained curtailed as agreed, demand has also ebbed. The biggest copper buyers - utilities...
...copper companies can make money with copper below 10?, and even the cheapest producers will have difficulty in extracting profits while the industry is running at its present 65% of capacity. Many companies have borrowed against their inventories and may have to issue bonds. Last week it was reported that Anaconda, which in 1929 sold common stock to retire its bonds, will soon be in the market for funds with which to pay off its bank loans, now nearly $50,000,000 as against...
Other Metals besides copper and steel were soft last week. Prices at leading markets were...