Business: Unpegged Copper

It took ten months of humoring and hammering, persuasion and perseverance to get the U. S. copper industry to sign a code last year, but once having signed, coppermen became NRA's heartiest boosters. Just two years before they had been starving to death with copper at 4.7¢ per Ib. The code pegged the price at 9¢. Early last year there was enough copper above ground to keep the U. S. supplied for 18 months with every mine closed. The code slapped severe restrictions on output and today the copper above ground would last only...

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