Word: steeled
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Dates: during 1930-1939
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...Steel Scarecrow...
...route to Palomar Mountain, Calif, are the 48 structural steel parts of the giant 200-inch telescope which will bring to focus four times as much light as the 100-inch telescope, make visible at least two billion stars now unseen...
Sailors traditionally raise hell in port, and David Frazeur. a seaman on the Steel Navigator, is a traditional sailor. When his ship docked at a port in tropical Sumatra about a month ago, he went ashore like a tidal wave. Next day, having managed to get back aboard, he awoke to find in his bunk a scaly, lizard-like creature about a foot long, with a stubby snout and a tongue that looked like a worm. Seaman Frazeur greeted the creature with no amazement, named it Pandora, fed it on milk and egg yolk. When he went back...
...underwriters foresaw another upturn. Some 135 loans, big & small, had been announced. Suddenly a double disaster occurred. A $44,000,000 issue of new Pure Oil stock attracted so little interest underwriters had to put the bulk of it in cold storage; on $48,000,000 worth of Bethlehem Steel debentures underwriters were estimated to have lost $1,725,000. Other businesses contemplating new stock and bond issues called off their plans...
...offering price: 103½). Equally successful was a $20,000,000 issue of Lone Star Gas Corp. 15-year, 3½% debentures, which sold at a premium of 1⅞ (formal price was 102). Week's only industrial issue was $10,000,000 in Crucible Steel 3½% debentures. Like the year's two biggest industrial loans (U. S. Steel's $100,000,000 issue in June, Standard Oil's $85,000,000 issues in July), part of Crucible Steel's new money will be spent on plant improvements. All told, the week...