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Frontiersman Robert Metcalf first stumbled on the green-stained rocks of the Morenci bed 70 years ago. Its exposed ore was so rich it was "quarried rather than mined." But by 1932, after yielding 1,800,000,000 lb. of copper, the high-grade open veins were played out, the underground low-grade (1.06%) ore too costly to work for a 6? copper market. Morenci became another ghost town...
Today copper is 12? a lb., not 16?. Yet the Morenci ores, though low-grade, will still yield a profit. When production starts, nine 125-ton electric locomotives will haul 75,000 tons of rock from the pit each day, dump 50,000 tons of waste into the canyons, spill the rest into ore bins. Each ton of ore will yield 21 lb. of copper-a daily smelter production of around 260 tons...
...compliments on your article ''Strategic Metal No. 1" in the Oct. 13 issue of TIME. It earns a grade of 100 in accuracy and clarity. This is especially noteworthy since, in 99% of science articles by newsmen, points of emphasis bear little relation to the actual facts...
...Government contended that its 1911 dissolution of the old American Tobacco trust had merely changed the form of the tobacco industry without changing its practices. The companies were charged with controlling the auction markets at which tobacco is sold, with agreeing not to compete for the same grade of tobacco at the same time. They were also charged with price-fixing to consumers, by agreeing on wholesale prices for cigarets...
Retribution. In Yonkers, N.Y., when a parked truck rolled down a grade, knocked a house askew, jarred its foundation, jarred three people out of bed, the driver got a parking ticket...