Word: cobalt
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...interest in mining was so hot that not one but two mining stock exchanges were founded. Later they merged as the Standard Stock & Mining Exchange, long a rival of the conservative old Toronto Stock Exchange, which dates back to 1852. With development of the great Ontario mines around Cobalt, Sudbury, Porcupine and Kirkland Lake, the wealth of the North funneled into Toronto. Thus when the greatest mining boom in Canadian history was touched off by the pound's fall from gold and the New Deal's devaluation of the dollar, Toronto was ready-set to cash...
Most spectacular prospector-tycoon is Jack Hammell, a onetime professional fisticuffer from the mining camps of California who quit a good brokerage house job in Manhattan to head for the Klondike. By his account he has won and lost eleven fortunes. He was among the first in the great Cobalt silver rush, but his first big money came from the Flin Flon, which he sold to the late Harry Payne Whitney. Since then he has had a hand in Pickle Crow and Red Lake. At 60, he still prospects by plane, summer and winter, is sometimes called "the gentleman adventurer...
...annual limitation to 250,000,000 board feet on Douglas fir and western hemlock. In addition, the U. S. agreed to keep on the free list wood pulp and newsprint, crude asbestos, wood shingles (with limitations), lobsters, telegraph poles, undressed mink, beaver, muskrat and wolf skins, nickel ore, cobalt and quahaugs. Other items on which the U. S. duty was reduced: electric cooking stoves, lacrosse sticks, swordfish (if not frozen), eels, chubs, saugers and tullibees, pipe organs for churches, ice skates, alewives in bulk, rutabagas and polymerized or unpolymerized vinyl acetate...
...unsettling influences. Moreover the articles which the U. S. agreed to keep on the free list included newsprint (on which the U. S. Press would never let a tariff be imposed) and a number of things of which the U. S. has far from enough (e. g. asbestos, cobalt, lobsters). In return he had obtained a better market for U. S. machinery of many kinds, for several fruits and vegetables and got rid of a number of annoying hindrances to U. S. marketing in Canada...
Schenectady. At General Electric Co.'s research headquarters, slick-haired Researcher W. E. Ruder showed the junketeers a small permanent magnet made of a new iron alloy containing aluminum, nickel and cobalt, hence called "Alnico." This stuff is so powerfully magnetic that it lifts 60 times its own weight, as was demonstrated when a 55-lb. radio cabinet swung from an Alnico disk of less than a pound. Alnico is being groomed to displace small electromagnets in motors, transformers and loudspeakers, lowering cost and simplifying construction...