Business & Finance: Anaconda Dividend

The recent upturn in copper prices, accompanied by signs of increased consumption and improved conditions among European nations, was hastily seized upon by many as proof that all American copper companies were in for better times. Anaconda copper suddenly passed its dividend, followed shortly afterwards by Inspiration and Calumet and Hecla, and there then came a day of hysterical selling in the stock market, in which practically all the coppers declined. Subsequently, however, the better companies have been thought more favorably of, and their stocks have risen again, particularly after Kennecot declared its...

Want the full story?

Subscribe Now


Get TIME the way you want it

  • One Week Digital Pass — $4.99
  • Monthly Pay-As-You-Go DIGITAL ACCESS$2.99
  • One Year ALL ACCESSJust $30!   Best Deal!
    Print Magazine + Digital Edition + Subscriber-only Content on

Learn more about the benefits of being a TIME subscriber

If you are already a subscriber sign up — registration is free!