Corporations: Toward the Future

As the world's largest copper producer, Anaconda Co. has enjoyed unprecedented prosperity over the past three years, thanks in large part to worldwide industrial expansion and the quickened demands of the Viet Nam war. But copper people know only too well that theirs is an uncommonly volatile industry, in which good times are never to be taken for granted. In view of that, it was a sign of unusual optimism last week when Anaconda's directors voted a two-for-one stock split and put dividends on a regular quarterly basis.

In large part, of course,...

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