Word: low
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Dates: during 1940-1949
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Nevertheless, even the most religious followers of the Dow theory knew that this was no guaranteed guide to the future. In effect, the breakthrough last week simply "proved" to the theorists that a bull market had been under way since the 1947 low of 161.38, following the collapse of the big bull market in 1946. But the market had been within 3.65 points of that low mark as recently as March, thus proving that even in the theorists' bull market an investor could lose his shirt...
Anaconda Copper Mining Co., which had grown into the world's biggest copper producer from the "richest hill on earth," had no such intentions. Cornelius Francis Kelley, Anaconda's board chairman, knew that there was plenty of low-grade ore to bolster the company's high-grade operations ; the trick was to find a way of digging it cheaply enough to make...
...sink a rectangular shaft big enough (38 ft. by 9 ft.) to accommodate the machinery needed for the Kelley plan. It will be driven down to 3,400 ft., cutting straight through the old galleries where the best of the rich ore has been mined. To get out the low-grade ore, miners will work out from Kelley's shaft into abandoned levels, blast off huge blocks of ore-the first time for such a method at such depths. Oversize buckets and mine cars will haul out the ore for the smelters...
Books will either be sent to Europe or added to PBH's text loan library, which enables needy students to borrow them at low rates. Clothing, too, will be delivered abroad...
...grand total of $17,200 was collected, and, with a low four percent operating cost, the combined check turned over to Regional Secretary Mrs. R. C. Williams was $16,500. Most of this sum went to the previously "adopted" universities of East Punjab, Peking, Heidelberg, and Athens, as well as the Salzburg rest center...