Word: coppers
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Dates: during 1940-1949
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With new industries abuilding and others blueprinted, Chile was like a specialty shop expanding to department-store size. Then the price of copper, Chile's specialty, started to slip. Last week, when it hit 16? a Ib. (down from 23½? a lb. since March 29), Chileans began wondering just how long they would be in business...
...worked free he put on a run that brought the crowd of 40,421 up on tiptoe. But 20 yards from the finish, Atkinson "turned his stick" and relaxed; Capot nailed the $60,900 prize by half a length. Added to his victory in the Preakness, the Belmont copper-riveted his claim to 1949's three-year-old championship...
...stumbled on the Manitoba lode in 1915, named it after a fictional explorer in a British pulp-magazine thriller. The partners sold out (Creighton got $100,000) and the new owners began digging in 1925, spent $27 million before Flin Flon started paying off ($250 million worth) in gold, copper, silver and zinc...
...there was no question that the shakeout of inflated prices was spreading and that consumers had tightened up their spending. In addition to cuts in the price of whisky and Ford cars (see below), there were reductions in many basic products, such as lead, zinc, copper, tallow. In its new midseason catalogue, Sears, Roebuck listed many prices anywhere from 10% to 50% cheaper than in its January book...
...Pure in Heart. Chile was already attracting U.S. investment. Last fortnight the Chilean government announced that U.S. firms were scheduled to put up $135 million for Chilean industries. Five million would be spent on a plant for manufacturing thread. Anaconda Copper had begun to spend a whopping $130 million-the largest single investment in Chile's history -on a new copper extraction process...