Word: copperizing
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...turn of the century by a German count who envisioned it as an American Monte Carlo, the Broadmoor was finally completed in 1918 and given its unique flavor by the late Spencer Penrose, a flamboyant and openhanded Philadelphia socialite who made a fortune in Cripple Creek gold and Utah copper, and poured millions into the hotel and the surrounding area. Rates at the Broadmoor are fairly reasonable by luxury hotel standards, starting at $17 a day single and $22 double and progressing up to $160 a day for a luxury suite with maid and cook...
...mean that some prices have not risen enough to be felt -or fallen enough to be appreciated. The prices of industrial raw materials, often forerunners of more general price movements, have climbed 14% in a year. Tin and zinc prices have been edging up, and a worldwide jump in copper prices two weeks ago brought immediate markups in copper and brass products; last week aluminum producers lifted prices on a broad range of products. Treasury Secretary Henry H. Fowler believes that if this trend accelerates "we may have some problems," but that so far it is "not a cause...
...secret pacts, whispered tips to friends, a "false and misleading" press release and some substantial paper fortunes. The SEC chronology: On Nov. 10, 1963, Texas Gulf geologists, headed by Kenneth Darke, were drilling on a claim near Timmins when Darke pulled out an impressive core sample of high-grade copper and zinc-so impressive that he hiked ten miles in the snow to reach his Jeep, then drove into town to call company officials. They notified President Stephens immediately, told the geologists to keep in daily touch. The company officials who got the news then swore themselves to secrecy. They...
According to the SEC's suit, the 12 other men first knew of the rich deposits of zinc and copper near Timmins, Ont. as early as Nov. 12, 1962. Acting on this information, these men bought Texas Gulf stock, the SEC alleged...
Most seriously hit was El Cobre, a tiny copper town run by a subsidiary of Baron Guy de Rothschild's Société Minière et Métallurgique de Penarroya. For 35 years the mineowners had channeled their slag into a reservoir behind a 230-ft. earth dam. Just below the dam were the wooden huts of the town's 400 miners. When the tremors came, the dam gave way, and the thick, muddy waste exploded out across the valley, burying 200 people in seconds. One woman who saw it coming managed to scramble...