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Louis S. Cates

Phelps-Dodge Company

1930 - 1947

Agriculture & Mining

1930 b. 1881
UndergraduateMassachusetts Institute of Technology
Born-Died1881 - 1959
BirthplaceMassachusetts (MA)
Era - 1930

Through acquisitions, such as the Nichols Copper Company, the Calumet and Arizona Mining Company, and the United Verde Copper Company, Cates expanded Phelps-Dodge into an integrated operation in the copper industry. In 1930, the capital stock of Phelps-Dodge was $30 million with 8,000 employees, and sales of $39 million. By 1949, the company’s capital stock was $127 million, assets were $510 million, and employment stood at 15,000.