Business: Copper Fever

Interior Secretary Fred Seaton, who got only tepid support from miners for his Domestic Mineral Stabilization Plan (TIME, May 19), last week won more enthusiasm with a new proposal for copper. The new one-year plan calls for Government stockpile purchases of up to 150,000 tons at prices up to 27½¢ per lb. (v. the present producers' price of 25¢ per lb.) in addition to the 10,000 tons a month the Government already buys for the stockpile. Western mining-state Congressmen like the stockpiling plan better than the out-and-out subsidy previously suggested, thus are expected to support the reciprocal trade agreements (see NATIONAL...

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