Word: coppers
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Dates: during 1930-1939
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...many an oldster could recall the lusty history of the Anaconda Standard- conceived in anger, nurtured in strife and extravagance; could recall how, as the personal organ of the late famed copper tycoon Marcus Daly, the Standard stood at the turn of the century among the best edited dailies...
Marcus Daly and the late U. S. Senator Andrews Clark, prospectors, amassed great riches from Montana gold & copper in the 1870's and 1880's. Clark centered his interests in Butte. Daly built a huge copper smelter at Anaconda, 26 mi. away. From close friendship, their relationship cooled to business and political rivalry, flamed finally in open warfare...
...death in 1900, Publisher Daly is said to have spent some $5,000,000 on the Standard, which could have been a money-maker without his insistence on extravagance. After his death the bitter interest was gone, the paper waned in importance. As late as 1913 when great Anaconda Copper Mining Co. took it over from Widow Daly, it was the foremost sheet in Montana and dominated even in Butte, but not for much longer...
...Copper Consummation. Ever since big, two-fisted Louis Shattuck Cates pulled up his stakes and left Utah Copper Co. to head Phelps Dodge Corp. it has been rumored that his company would acquire Calumet & Arizona Mining Co. (TIME, April 28). When Gordon R. Campbell resigned last April from Calumet's presidency after protesting against the deal, its consummation seemed certain. But not until last week were the two directorates able to come to terms. The merger will be effected by an exchange of stock on a ratio which, at prices prior to the announcement, was a boon to Calumet...
Metal prices worked lower. Copper went back to its record low of 8?. June statistics, issued last week, showed stocks of copper at a new high for the third successive month. They stood at 413,000 tons against 398,000 at the end of May, 316,000 a year ago, 45,000 in October 1928. It was understood that differences of opinion over the proposed copper tariff have caused all production agreements to be abandoned...