Word: profitable
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Dates: during 1940-1949
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...champions in the Dixie Series. Three years ago Joe Engel decided that he wanted to buy the Lookouts. He did not have enough cash. So he got 1,700 fans to chip in, buy the club for $125,000. That year, attendance tripled. The fan-owned Lookouts made a profit of $50,000. The following year Chattanooga won another pennant. But last summer, lured by the intriguing water sports at newly opened TVA Chickamauga Dam, only seven miles outside the city, Chattanoogans deserted Engel Stadium in droves...
...copper industry cannot produce enough copper for the U. S.'s present needs. This price gives the industry-especially the big low-cost producers, Anaconda, Kennecott, Phelps Dodge-a nice profit, but it gears its output to a maximum of 1,100,000 tons a year. For 1941, defense copper fabricators will need at least 1,200,000 tons. That means 100% of the 12? capacity and 100,000 tons besides. For over two months, fabricators have been increasingly worried about their copper supplies. Not only are they bringing new fabricating capacity into production all the time, but they...
Main objection to this transaction, of course, comes from the high-cost domestic producers, who do not like to see their Government buying foreign copper (and selling it at a 2? profit) rather than theirs. The only philosophy for their wounds is New Deal Pan-Americanism: countries like Chile, in this emergency, in some respects deserve the status of a 49th State. Chile's copper economy depended on lost European markets; France took 121,000 tons in the first four months of 1940, had 100,000 tons more on order when Hitler put her out of business. Chile...
...rest of the evening Jesse Lauriston Livermore, most fabulous living U. S. stock trader, sat brooding at his table while his wife danced with friends. It was just three years short of half a century since he had made his first play in the market-a $3.12 profit on Burlington Railroad common. He was 15 then, a board boy in Boston's Paine, Webber & Co. They told him to stay out of the bucket shops or quit his job. He quit. A towheaded greenhorn from West Acton, Mass., son of a poor Yankee farmer, he began beating the bucket...
...stake, Jesse returned to the stockmarket. For six weeks he watched World War I boost Bethlehem Steel upward until he knew that it was ripe. The day after he climbed aboard it had jumped 45 points. He was hot. Within two years he bulled and beared himself into a profit of some...