Word: kennecott
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...tangible proof of copper's prosperity lies in the earnings of the copper companies, nearly all of which showed 1928 earning increases (first nine months) of 46% to 600% over the corresponding 1927 period. Anaconda paid a $3 dividend in 1927, $4 in 1928 (now on a $7 basis); Kennecott paid a $5 dividend in 1927, $8 in 1928; Andes, no dividend in 1927, $3 in 1928; Phelps-Dodge, $6 in 1927, $10 in 1928. Total copper earnings for 1928 increased approximately 80% over...
Companies. Leading U. S. copper producers are Kennecott and Anaconda. The Kennecott corporation is the largest copper producing organization in the world,* though the mines owned by the original Kennecott company produce less than 8% of the present production of Kennecott and its subsidiaries and associates. The two large children of the small Kennecott parent are Utah Copper Co. (Guggenheim) and Braden Copper Mines Co., located in the Province of O'Higgins, Chile. In 1927 these companies produced 235.358 tons of copper, about 13½% of the world's total production. Other companies indirectly controlled produced an additional 179,636 tons...
...American Smelting & Refining Co. is the world's largest smelting and refining organization, but is interested in lead and silver as well as in copper, and smelts and refines much ore produced by Kennecott, Phelps-Dodge, Utah and other copper concerns...
Oils, coppers, utilities up 3 to 7 points as the market opens Wednesday, then churn back and forth. Kennecott copper up 12; Curtiss Aero, 12⅓; Wright Aero, 15½. Turnover: 4,894,670 shares. . . . More on Thursday, 5,037,330 shares, second "five million" day in history, only a handful less than on record-breaking June 12. Montgomery Ward closes at 366. Net gain: 17 points. Mounting, too, are Wright (6½-points more, 22 in two days), Coty, Inc. (10½). Where is the ticker? Over an hour behind (might as well have been a week) on Thursday...
...cost 13 ? "a year ago and 15? a month ago, last week brought producers 16?. On the Manhattan stock exchange, copper stocks went to new post-war highs. Anaconda stood at 89¾, as against a January low of 54. Granby Consolidated rose from 43? 1 to over 78. Kennecott reached 124¼ a new high for all time...