Word: copper
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Dates: during 1930-1939
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Legislative hobbies: silver, copper, veterans, Indians, irrigation...
Last week the New York Commodity Exchange celebrated its first anniversary under one roof. Silk had been dull for more than a year. Hide sales had dropped 47,000,000 lb. Copper, restricted by NRA price controls, had been inactive for months, as had tin, affected by cartels abroad. Trading in silver futures slumped off three weeks ago when the Silver Purchase Act slapped a 50% tax on the profits of silver speculators. Only rubber continued to be active. Last week the Commodity Exchange, casting about for other staples in which its 950 members could do business, established a futures...
...extremely smart is Cousin Jorge that he persuaded the State Mining Bank to pay $32,000 toward backing his development of Chile's first talkie. As a result Heroine Hilda Sour stars in a plot concerned largely with copper and gold mining in Northern Chile. As many shots as possible were taken in the garage near the Alameda de las Delicias which proved so noisy by day that most of Chile's first talkie had to be made at night...
...Charles Bond (Two-Pants Suits) at a cost of $300,000. Last week the Procter chain fell into second place as the three Woodyard brothers of West Virginia marched into New York State. With the help of their good friend Spruille Braden, whose father made his money in Chile copper they raised some $60,000 new capital, acquired control of eight weeklies on Long Island's plump, profitable North Shore, linked them with their 15 county-seat weeklies in West Virginia. The Long Island and West Virginia groups are embodied in separate corporations, but both are managed...
Least of his differences from "the ferocious cigar-chewing men" who taught him his trade was that he usually played an independent hand in his speculations. More than that, he had a philosophical as well as a speculative cast of mind. After his killing in Amalgamated Copper, when he was only 32, he seriously considered retiring with his profits to study law and enter public life as a reform politician. For gambling for gambling's own peculiar thrill he had no love. His speculations were for profit only. More than that he was a speculator on moral principle...