Word: billion
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Dates: during 1920-1929
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...change 'thin air' to a solidly established stock worth more than a billion real dollars shows what American business...
...Pierpont Morgan takes Judge Gary's place as chairman of the United States Steel board of directors. That will please stockholders. Mr. Morgan's father created the company, with the assistance of Judge Gary, James A. Farrell* and other able citizens, and changed a half a billion worth of stock that Carnegie called 'not even water, mere air' into stock, now worth more than $220 a share, the 40 per cent dividend included...
...billion dollar navy bill which will be submitted to Congress this morning there is palpitation of the heart for Secretary Wilbur and the sweetest of justification for Admiral Magruder. It will be remembered that the admiral's offense was in aerating the navy's soiled linen in the Saturday Evening Post, with the implied suggestion that an early laundering would not be inappropriate. The admiral was spanked in a manner peculiar to those who go down to the flagships in launches; and his suggestions were adopted...
...more risky than domestic. Longer time intervenes between shipment and payment; facts about a foreign businessman's credits are less certain; goods may be lost or damaged in shipment. Therefore the Federal Reserve banks have been reluctant to accept foreign trade acceptances for re-discount. Of the nearly billion dollars worth of such paper in the U. S., the Federal Reserve banks hold scarcely a fourth-an average so far this year of $244,000,000. But international trade depends upon the fluidity of such paper. English bankers own approximately $1,464,000,000, Dutch bankers between...
...Schwartz of the San Francisco Stock & Bond Exchange, second largest in the country, last week reviewed the 45 years' history of the exchange. It was founded in 1882 and in the first year handled $9,490,621 worth of securities. Its monthly transaction now approach half a billion dollars ($429,298,882 last September, the end of its fiscal year). The industrial development of the entire Pacific coast has helped the 66 exchange members. California's manufacturers rank eighth in value for the U. S.; its agricultural products third. Oil stocks have heretofore constituted a great portion...