Word: anaconda
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Fortnight ago, the price of domestic copper took another drop, from 10? to 9? a pound. Last week, Mountain Con, one of the two U. S. air-conditioned copper mines, and the Belmont, both at Butte, Mont., were shut down by Anaconda Copper Mining Co. To Anaconda, world's largest producer of copper, the domestic price cut symbolized U. S. Depression. It also marked another downswing in another copper cycle...
...time, every 30 seconds, each preceded by the word FLASH. These up-to-date figures sprinkled through the bulk of late statistics are supposed to give traders an inkling of the market's trend. The 16 FLASH issues: Atchison, Topeka & Santa Fe; American Telephone & Telegraph; Anaconda Copper; Chrysler; Sears, Roebuck; Great Northern (preferred); Consolidated Edison; Republic Steel; General Motors; Standard Oil of N. J.; General Electric; N. Y. Central; Electric Power & Light; U. S. Steel; U. S. Rubber; Douglas Aircraft...
...Roosevelt and beat him in a battle that was not secondary in importance to any now raging between Communists and Fascists, to the welfare of democracy all over the world. He will be a power in government when Mr. Roosevelt will merely be another ex-President. R. A. HJELMVOLL Anaconda, Mont. Sirs...
...rubber off nearly 3#162; (high: 27#162; per lb.), wheat off 6#162; (high: $1.45). Most other staples tumbled proportionately, while the stockmarket took the deepest dive in nearly three years. At week's end such speculative stalwarts as U. S. Steel, Johns-Manville, Air Reduction, Anaconda Copper, International Nickel, International Harvester, were selling from 10 to 28 points below their 1937 highs...
...copper the President had an airtight case, for that metal has been squeezed up by pure speculation. Anaconda, he said, could make money on 8? or 9? copper...