Word: ores
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Dates: during 1940-1949
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...Last week, in a speech at Portland, Ore., William Z. Foster, national chairman of the U.S. Communist Party, gave Wallace a pat on the back, indicated that he was Foster's choice for President...
...Under Secretary of State Joseph C. Grew and Admiral William F. Halsey. They will raise $1,000,000 in capital to form the Liberia Co., jointly owned with the Liberian Government. This company, in turn, will form up to 20 different subsidiaries to develop Liberia's iron ore, cocoa, lumber and other resources...
...Eaton and associates got a 10% commission on the bonds and 2,000,000 shares of Steep Rock stock from the company at 1? per share (it was then selling for close to $1). He then trussed up Steep Rock to a ten-year contract to sell all its ore to Premium Iron Ores, Ltd. Premium in turn purchased 800,000 shares of Steep Rock at $2.50 a share to provide working capital...
...owned 74.4% of it, and his good friend, Otis & Co.'s President William Raymond Daley, owned the rest. The contract gave Premium 2% on all Steep Rock sales. Salesman Eaton then got the Cleveland Cliffs Iron Co., on whose board he sits, to agree to buy all the ore that Steep Rock could produce and Premium Iron could sell...
...year, Eaton has no intention of cashing in his paper profits. He now plans to open up four more open-pit mines, boost output to 5,000,000 tons in a few years. The Mesabi range is approaching exhaustion and Eaton is sure that he can sell all the ore he can mine for years to come...