Copper, ancient of metals (its tin-alloy, bronze, having given its name to the prehistoric Bronze Age), opened the year 1929 in a flourishing, a prosperous condition.
The price of copper last week reached its highest point in the last nine years. Copper for export was quoted at 18¼¢ per pound, domestic copper at 18¢. Copper had been steady at around 15¢ since October.
Coincident with copper's rise came a 5% wage increase for workers in Anaconda, Phelps-Dodge and other copper companies in Arizona, Utah. Also, Anaconda raised its dividend...
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