Word: copper
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Dates: during 1930-1939
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...others was an interest in Anaconda Copper, the sale of which in 1896 gave Publisher Hearst $7,500,000 to finance his loud entrance into Manhattan journalism...
Pipe. Promise of solving the distance problem lies in the "coaxial cable" developed by the Bell Telephone Laboratories of American Telephone & Telegraph Co. Consisting essentially of a pair of copper tubes with a bare wire running through the centre of each, this cable can transmit 240 telephone messages or 20 to 40 telegrams simultaneously and was primarily designed for such purposes. But it can also handle a radio frequency band 1,000,000 cycles wide-enough to carry the fluctuating light & shadow of television. The possibility therefore arose of "piping" television from city to city underground. A. T. & T. applied...
...years since 1929. Under the personal management of Robert Earll McConnell, a highly successful mining and patent promoter who gets a cut from the trust's profits, Mayflower goes in for special situations even more heavily than Atlas. It made a tremendous profit on Rhodesian copper stocks early in Depression, has always kept a large part of its resources in cash or Government bonds to catch a bargain when it flits by. Though total assets are more than $13,700,000 Mayflower stock is inactive...
Last week Sears, Roebuck & Co. bought a seat on the New York Commodity Exchange. The No. 1 U. S. mail order house had no intention of speculating in rubber, silk, copper, hides, tin, lead, zinc, gasoline or crude oil. Indeed, the prime reason for buying the seat was to make it easier not to speculate in such commodities. According to Sears's Robert E. Wood, the seat was acquired to facilitate hedging operations...
...they learned by news tickers that Chief Justice Hughes had started reading the opinion, dumped them even faster when they realized its meaning (see p. 16). In the ensuing confusion, trading halted temporarily in a number of issues, and the session ran to nearly 5,000,000 shares. ¶Copper stocks climbed to new highs for the Roosevelt bull market when copper was upped ¼?per Ib. to 9½? by Phelps Dodge Corp. Anaconda Copper followed suit but Kennecott, presumably skeptical of the possibilities of maintaining a higher price with present demands, continued selling at the old level...