Word: molybdenum
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Only U. S. corporation in which an investor could have made 116,900% on his money in the last ten years is Climax Molybdenum Co., world's largest producer of that elemental metal. In 1926 Climax stock could have been bought for 10? per share. Even as late as 1932 it changed hands at $1 per share-perhaps lower, for the stock has never been listed, was then unknown even to over-the-counter traders. Next year it sold as high as $15. By last October it was selling in the 80's, when the stockholders voted...
Last week Climax Molybdenum's contented stockholders received an annual report showing that their 2,520,000 shares are currently selling at 30 times per-share earnings for 1935. On sales of $6,346,000, Climax last year made $3,227,000-a profit margin of over 50%. Year before its profits were $1,790,000. During 1935 the company paid off its $1,000,000 funded debt, boosted dividends four successive times. "Plans are under way for increasing production facilities to keep pace with the increasing demand for the company's product," wrote President Max Schott. Calling...
...What happened was that Climax simply wrote up its ore reserves by some $70,000,000. Formerly carried at what amounted to a nominal $3,600,000, the Climax reserves are by all odds the world's largest. And Climax produces three-fourths of the world's molybdenum...
...outdone by the famous Roman S.P.Q.R., the Boylston Chemical Club has adopted for its new motto "S.M.D.R.," which does not mean Sulfur, Molybdenum, Dsprosium, and Radium, but rather "Speakers, Movies, Discussion, and Refreshments." This policy is in honor of the fiftieth year of the club, which was founded by T. W. Richards in 1885. It was successfully tested at the first meeting (September 30, 1935) which was attended by approximately one hundred and fifty men interested in chemistry. The movie "Story of Steel" opened the meeting, and was followed by a talk by Professor Grbunnell Jones about the lactic acid...
...soaks into metal, oozes out when the machine operates (TIME, June 13). How deep into the metal does a gas go, skin-deep or throughout? Dr. Abraham Lincoln Marshall proved?with special heating, evacuating and analyzing devices ?that gas thoroughly permeates metal. From a piece of molybdenum he extracted a speck of gas one-eighth the volume of a common pin, one 100-millionth of an ounce. Dr. Marshall found it a mixture of 43% carbon monoxide, 57% nitrogen...