Word: copper
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Dates: during 1930-1939
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...Dealer most industry has been making passable profits on a mediocre volume of business (Federal Reserve Production Index was between 95 and 100); a larger volume should rather reduce than raise prices, for unit costs will fall. Anticipating Administration pressure if not a Presidential outburst against profiteering, copper and lead producers confined themselves to moderate price rises, announced that there would be ample supplies available...
Peru's President Oscar Benavides cleared the way for Peru's copper, cotton, petroleum...
...pound. But beryllium ores are scattered widely over the world and last week the price of the metal was down to about $11. Not quite twice as heavy as water, beryllium is one of the lightest of all metals. It is a third lighter than aluminum. Chemically wedded to copper or nickel, it makes an extremely hard, tough alloy. Nickel with only 2% of beryllium in it has a tensile strength of 260,000 pounds per square inch, as against 90,000 for stainless steel. Moreover, this nickel-beryllium alloy maintains high tensile strength and resistance to "fatigue...
...shares (1939's daily average 720,072 shares; 1939's biggest day, 2,888,000 shares) changed hands on the New York Stock Exchange. War babies (steel, metals, aircrafts) led the advance. Bethlehem Steel, Santa Claus to many a World War I investor, zoomed 7: points (to 65), Anaconda Copper was up 4? (to 28?). Aircraft stocks all took off, registered gains of 7.5% to 18.1%. The Dow-Jones industrial average hit 135.25 (still 19.65 below the 1939 high of last January...
...calculating on still further rises, many a holder of wheat and sugar pulled out of the market, determined to hang on to his investment for still higher prices. As a result many buying orders were unfilled. Hides and lard boomed as they had not done since World War I, copper was up to 10, crude rubber up 2.28 to 18.9, highest since 1937. Next day, permissible limits were hit again. In two days untabulated millions of bushels of wheat changed hands. Brokers saw in World War II a drain down which the U. S. could pour its back-breaking crop...