Word: bankes
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Dates: during 1930-1939
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...gear Franklin Roosevelt approved with gusto and dispatch-Spend-Lend, Wages & Hours, Deficiency Bill, etc. And during the week he added two executive devices of his own: 1) a raise in pay for all WPA workers in 13 Southern States; 2) a loosening of requirements in bank examinations...
...Agreed on a standard method of bank examinations...
...Electric Power & Light from $9 to $1 i ; Johns-Manville from $71 to $84; General Motors from $30 to $36. Moody's Commodity Index rose from 136.7 to 140.8. All told, it was the biggest bull movement in any one week since that following the bank holiday...
Tobacco inventories are bought three years in advance so they can age properly and thus they require a sizable investment. Philip Morris at first got such working capital by borrowing, not by floating securities. But inevitably, as its inventories swelled to a $20,000,000 figure, bank loans became too cumbersome, particularly on top of the $700,000 expense of building a slick new factory, opened last month. So last week with its 519,151 shares of common selling at $95 (on earnings of $10.91 last year, current dividends so far for this year of $5.25)-with its English Blend...
Hendrik August Wilhelm Deterding, third son of a Dutch sailor, went into an Amsterdam bank at the age of 16 and fell in love with figures, quit after six years because banking was too slow a way up in the world. He went to the East Indies, worked for the Netherlands Trading Society in Deli, Medan and Penang, learned how to make money for the Society, and quit to make money for himself. His next job was with a man named J. B. A. Kessler, who was head of a small concern with a large name, which was: The Royal...