Word: ores
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Dates: during 1960-1969
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Goodell, along with Vance Hartke (Ind.), Charles Mathias (Md.), Charles Percy (Ill.), and Mark Hatfield (Ore.), is one of the young Republican Senators following a more liberal line than the rest of their party. They have criticized the President repeatedly and followed their own consciences, rather than the dictates of the Minority Leader when voting...
...while making a sketch of the superstructure of an iron-ore mine, he learned that it would be torn down in a matter of days and hustled off to get a camera to photograph it. When he saw the prints, he decided that sketching was futile. "These things are so full of fantasy there is absolutely no sense in trying to paint them," he says. "I realized that no artist could have made them better." His wife Hilla, a trained studio photographer, acts as bag boy, lens handler, bookkeeper and darkroom technician. Together, they have dedicated themselves to recording what...
...been understandably slow to sink new funds into operations there. Peru's military junta has frightened outside investors by its seizure of International Petroleum Co.'s properties last October. The U.S.-owned Southern Peru Copper Corp., which was ready to invest $350 million to develop its copper ore concession a year ago, now seems less interested in expansion, and is refraining from committing itself until it has a better idea of the junta's plans...
...others, the losses are all too genuine. A Portland, Ore., printer borrowed heavily to buy a new issue of a computer manufacturer at 5. When the stock dropped to 21, his loan was called, forcing him to sell. Altogether, he lost about half of his $2,000 investment. Sylvan Fry, 53, a manufacturer's agent, began investing for the first time last winter, buying oil, chemical and computer issues. On paper he has already lost $6,500 of the $11,400 that he started with. George Ratliff Jr., 39, a Pittsburgh steel-company engineer, began 1969 with a portfolio...
...better. George Miller, senior vice president of the San Francisco firm that manages the $544 million Commonwealth Group of Mutual Funds, encourages his analysts to invest with their own cash. "Virtually without ex ception, they are losing money now," he reports. Dr. Shannon Pratt, director of the Portland (Ore.) State University Investment Analysis Center, estimates that the value of his own stocks has dropped 23% since May-a period during which the Dow-Jones industrial average has gone down 15%. He invests largely in over-the-counter stocks, which rose faster than most listed shares during the bull market...