Word: aero
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...movement produced sharp declines in several of the favorite dull issues. The advance of call money from 8 to 10%, and the anticipation of large increases in loans to brokers also helped unsettle the market. Radio Corp. of America dropped more than 12 points, Montgomery Ward, Sears Roebuck, Wright Aero, Victor Talking Machine, Packard Motor and many another stock declined from 5 to 15 points. Other slumping stocks also began to climb back, the market finally re-asserting its prevailing bullish trend. Observers pointed out that there was no real relation between the Marconi crash and the weakening...
...rise in Prairie prices made the $30,000,000 holding worth $47,000,000. Even before the purchase, however, the two Prairie flowers had been blossoming with unprecedented brilliance. Prairie Pipe Line had a Low for the year of 51. Last week's High was 277. Even Wright Aero, even Radio Corp. have not equalled this record climbing-the most sensational advance in a year of sensational advances. And Prairie Oil & Gas has moved from a Low of 26 to a High...
...Wright Aero...
Oils, coppers, utilities up 3 to 7 points as the market opens Wednesday, then churn back and forth. Kennecott copper up 12; Curtiss Aero, 12⅓; Wright Aero, 15½. Turnover: 4,894,670 shares. . . . More on Thursday, 5,037,330 shares, second "five million" day in history, only a handful less than on record-breaking June 12. Montgomery Ward closes at 366. Net gain: 17 points. Mounting, too, are Wright (6½-points more, 22 in two days), Coty, Inc. (10½). Where is the ticker? Over an hour behind (might as well have been a week) on Thursday...
...attended the recent International Aero Exhibition at Berlin. No U. S. aircraft were there, only two Whirlwind motors hidden in foreign planes and a picture book of other U. S. motors and machines. General Kincaid was ashamed. "I felt," said he last week, "like turning up my coat collar and slinking away." He noted too that "Germany has 60 cities linked by air transport now. Over this network is maintained a constant fast transport of mail, passengers and freight. No other country in the world has anything to compare with...