sentences:  In response, United Verde began reducing its work force; UVX operated at a loss, and the third big mine, Verde Central, closed completely.The price of copper fell further in 1932 to 5 cents a pound, leading to layoffs, temporary shut-downs, and wage reductions in the Verde District.In 1935, the Clark family sold United Verde to Phelps Dodge, and in 1938 UVX went out of business.