Word: anaconda
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...stocks. For months the blue chips have in general shown little or no gain, and many have lost ground. In the past year Standard Oil (N.J.) has dropped from 51¼ to 40¾, Du Pont from 25⅜ to 204¾, General Motors from 50⅜ to 44, Anaconda from 63¾ to 50. While the blue chips have been down, many of the growth stocks have been really scooting (see chart...
COPPER-STRIKE pact was agreed upon by Anaconda Co. and the International Union of Mine, Mill and Smelter Workers, ending a 177-day walkout. Anaconda's settlement all but ended the strike, which shut down 80% of the industry. The three-year contract provides 4,785 Anaconda workers with hourly wage boosts from...
Died. Frederick Lewisohn, 77, nephew of New York City's famed Philanthropist Adolph Lewisohn (patron saint of Lewisohn Stadium), an organizer of several of the mightiest U.S. mining and smelting companies, e.g., Anaconda Copper, American Smelting & Refining, in later years a big help to the late Robert R. Young in his successful fight to win control of the New York Central Railroad; of a heart attack; in Monte Carlo...
...JONES AVERAGE will add four companies (Anaconda, Swift, Owens-Illinois Glass, and Alcoa) to industrial index, drop four (American Smelting & Refining, Corn Products, National Steel, and National Distillers & Chemical) to broaden number of industries represented among 30 stocks that comprise list...
Among the score of groups that have assayed the Anaconda papers, the most likely buyer is the Midwest's loosely knit, ten-paper Lee syndicate.† Founded by A. (for Alfred) W. Lee in 1890, the chain is now handled by his nephew, Lee Loomis, 74, who lives in Mason City, Iowa, presides over a tidy little empire that is generally pro-Republican, but allows its members to play the news as staidly or sensationally as they like. The reported bid of the Lee papers for the copper chain: some...