Word: copperizing
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...Copper Cut. Sales of copper during July were larger than June because of its cut to 11? per Ib. But the end of the month found stocks of all copper on hand had decreased only 6,346 tons from June's figure of 570,596 tons.* The situation obviously was still unadjusted. Last week readjustment came with a slash that brought copper to 10¾? per Ib., the lowest since 1902. Few companies can make money with copper at this level; hence production is likely to dwindle down to demand. Even low-cost producers will not find...
...This includes stocks of blister copper, refined copper and copper in transit...
Calumet & Hecla Consolidated Copper...
...Guggenheim Process starts out with electric shovels, progresses through concrete tanks with 7,500-ton capacity to mechanical refrigeration and centrifugal driers. Like the Jackling copper process, it permits the use of much lower grade ores-as low as 8%, which is less than half the minimum required by the Shanks process. It cuts labor costs 75%, fuel costs 72%. It means that mass produc- tion has come to Chilean nitrate, that the Guggenheims are even more the masters of the show. For the new Chile Nitrate Co. into which the entire industry has been merged will use the Guggenheim...
...professor roamed about over 10,000 sq. mi. of southwest Africa, found traces of nitrate throughout his journey, "a strong resemblance to the conditions prevalent in Chile." Should anything come of this, Africa may threaten Chile's nitrates as seriously as it is now threatening Chile's copper. Last year copper and nitrates together formed 88% of total Chilean exports, copper coming to $105,489,000, nitrates...