Business & Finance: Anaconda's Troubles

Many were the signs, last week, of the new strength in the U. S. copper industry. One pound of metal, which cost 13 ¢ "a year ago and 15¢ a month ago, last week brought producers 16¢. On the Manhattan stock exchange, copper stocks went to new post-war highs. Anaconda stood at 89¾, as against a January low of 54. Granby Consolidated rose from 43¢ 1 to over 78. Kennecott reached 124¼ a new high for all time.

It was permissible, therefore, to point with prosperous pride to the industry as a whole. And. as...