Word: coppers
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Dates: during 1960-1969
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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...
Cities Service badly needs a manager. It has dropped from ninth to eleventh place as an oil and gas producer, six weeks ago changed its brand name to Citgo and its pumps from green and white to red, white and blue to stimulate sales. The company has diversified into copper mining and cable production, printing inks, fertilizers, and even real estate (a string of five Wall Street skyscrapers). It now gets about 60% of its $1.17 billion operating income from non-oil sources. To handle this complex, the directors wanted someone with broad management background-and Burns seemed...
...copper-rich central African nation of Zambia is the focus of Japan's most intense trading drive. Last month a twelve-man Zambian trade delegation was swept through Tokyo with a platoon of geishas, even treated to a reception with the Emperor. The Zambians took away their first trade pact with Japan and promises of investments in a fertilizer plant, textile mill, transistor radio assembly plant, steel mill and luxury hotel. For its part, Zambia lifted all restrictions on Japanese imports...
...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...