Word: wavelet
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Dates: during 1930-1939
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...year against a $7,102,000 deficit for 1932. Fortnight ago it declared a 15? common dividend, its first since January 1932. Phelps-Dodge announced a 25? extra dividend in February and May. American Smelting & Refining Co. began paying arrears on its 7% preferred last December. This wavelet of prosperity was not specifically started by the copper code which President Roosevelt signed last April, but the code has effectively consolidated the industry's gains. Its chief provisions were: 1) a sales agency to act as a clearing house for domestic sales; 2) monthly sales quotas of 20,500 tons...