At the southern end of the Mississippi Delta, in swampland that is four feet under water at high tide, Freeport Sulphur Co. has struck the biggest sulphur bed discovered in the past 20 years. From these new deposits at Garden Island Bay, La. (see map), Freeport expects to mine 500,000 tons of brimstone (pure sulphur) a year by 1953. The effect of this announcement last week was electric. Overnight, Freeport's stock shot up as much as 19 points, to 120, the highest price in the company's history.
The biggest news in Freeport's strike...
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