Word: hecla
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Scurvy may once have been the curse of the Arctic mariner; on the Manhattan, where three meals and fresh fruit are served daily, the only threat was to the waistline. In 1819, the ice-trapped crew of the Hecla passed the Arctic nights by performing Garrick's Mm in Her Teens; on the Manhattan, the glacial boredom was punctuated by a movie every other...
...expand prospecting. "Everybody around here is participating," said R. J. Bruning, editor-publisher of the Northern Idaho Press, who is also president of two small mining firms. "We're all muckers-and we all own mining stocks." Many big mining companies have doubled their exploration budgets and Hecla Mining, the country's largest silver producer, is gambling $2,500,000 on deepening a single mine to 9,100 ft. "We're more optimistic than ever about the future of silver," said Hecla Chairman L. J. Randall. The same feeling spread to the New York Stock Exchange, where...
...tiny State Street office by Lawyer John Clarke Lee and his cousin, Boston Merchant George Higginson, Lee Higginson over the years financed the development of the Atchison, Topeka & Santa Fe and other Western railroads, built several Boston fortunes by developing the fabulous Calumet & Hecla Copper Mine in Michigan. The firm helped put together General Electric in 1892, led the financing of the struggling General Motors...
Psychological Effect. Though the effect of such orders will be largely psychological, they might work well. Seldom have traders been so drawn by profit dreams rather than performance reality. Most notable example this month is Calumet & Hecla Inc., a 95-year-old Michigan copper company listed on the New York Stock Exchange. With investors excited by the possibilities of war in Viet Nam and shortages of war-essential copper at home, Calumet & Hecla two weeks ago touched off a run by announcing a 35 million-ton copper ore find in upper Michigan. Remembering quick profits generated by Texas Gulf Sulphur...
...list of defendants read like a Who's Who of the industry. Named in the indictment were Anaconda American Brass, Phelps Dodge Copper Products, Chase Brass & Copper, Revere Copper & Brass, the Cerro Corp.. Bridgeport Brass, the Scovill Manufacturing Co., Calumet & Hecla. Mueller Brass, Triangle Conduit & Cable and the Progress Manufacturing...