Word: bottome
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Dates: during 1940-1949
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Just last week a lion hunter in the Verde Valley told about a young coyote that joined up with his pack of hounds in a lion hunt. When one old hound got a bellyful of such impudence, he turned on the interloper and chased him into the bottom of the canyon. Shortly after the old hound had rejoined the hunt, the young coyote was on his tail again, thus proving that he was set on learning the trade, and he knew that he could learn more from an old experienced dog than from a young...
...grown bear market. By such charts, the market should have kept going down. Instead, by week's end, it bounced right up again to 163.78. The market showed enough bounce, in fact, to make some Wall Streeters wonder whether, after months of sliding, it had finally reached its bottom. No one could yet say for sure, but some fence-sitting traders began to teeter towards the bull side...
...same way, many a company which had been trying to discover the bottom on its "back-to-normal" slide seemed to have found it-and to be starting the upward climb again. In industrial alcohol, a basic raw material for many manufacturers, the surplus had caused prices to toboggan from 87? a gallon to 21?, but by last week the turn seemed to have come. Pub-licker Industries, Inc., a big U.S. maker of industrial alcohol, thought demand had picked up enough so it could raise prices 8½? to 11? a gallon. Even in textiles, softest of the soft...
...drop in commodities and the general business recession, many an item in the cost of living was not following the trend. For example, meat, which had dropped, had gone up again. But those industries which had gone through their own recessions and cut prices had found that the bottom was not so far down as they had feared. They had learned demand was indeed enormous if they went after it with their oldtime salesman...
...hour later the press association sent out a shamefaced bulletin: the news was not true. After that, government police started an investigation of the report and moved in on Promoter Milne's fabulous borehole. Under their watchful eye, Milne drilled another "deflection" test (a boring near the bottom of the shaft) within a few inches of where the first fabulous strike had been made. The test ore was turned over to the government's assayers. Their report: the ore indicated a yield of 2 oz. of gold per ton of ore, or about 1/24Oth of the record yield...