Word: began
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Dates: during 1930-1939
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Through April, May and early June last year - while 1938's recession was bottoming-the stockmarket was indigo blue. At 10 a. m. on June 20, something happened. The market turned in its tracks and began to climb. Blue turned to rose color. For two weeks stocks climbed spectacularly. So far as the market was concerned the corner had been turned. Last week something resembling the June turn of a year ago, but on a much smaller scale, took place in the market. Brokers talked jubilantly of another corner being turned...
...increase in four months. In Chrysler stock (the No. i flier) the short interest had increased 176% to 65,000 shares. Shorts had gauged all too well that business was receding. Overenthusiastic pessimists who had had trouble finding buyers, suddenly found too many buyers. When professional buying began, the shorts ran to cover, joined the buying parade. Result: in two days the Dow Jones Industrial average rose 3.76 points, and stockbrokers enjoyed two successive million-share days-enough to add up to a boom by 1939 standards...
...that has changed. By last week, Canadian Colonial was honking along in full-feathered flight. On the New York Curb Exchange, its stock (which early last year could have been bought at 50^) sold last week for $5.25. For the first time in its history the slow-growing goose began to grow feathers for stockholders' pillows: a profit of $3,000 in March, $2,600 in April...
...Business began to pick up. Canadian Colonial set up its own shop, hired its own pilots. This spring Trans-Canada Airlines went into operation between Montreal and Vancouver, and Janas found himself operating the eastern U. S. link of an overnight run from Manhattan to British Columbia. Meanwhile, a modest advertising appropriation began to get Canadian Colonial its share of traffic between Manhattan and Montreal...
Early this year he ordered two 21-passenger DC-3's, financed by a $250,000 bank loan, to supplement two 14-passenger DC-2's bought from American. When the big ships were delivered business was there to fill them and Canadian Colonial began to operate three trips a day each way. This week Canadian Colonial finishes training six pretty bilingual Canadiennes (under 125 pounds) to be its first air hostesses. They are not registered nurses. Said unorthodox Sigmund Janas: "Why should they...