Word: blueing
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Dates: during 1920-1929
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...short, broad, flat so as to ride on top of the water instead of cutting through it. This revolutionary design, now largely used in speed boats, produced the first boats to make 60 m. p. h. in a contest. In designing his early boats, Chris Smith used no blue prints. Instead, he carved out a small wooden model of the hull. With this in his pocket he went to nearby Walpole Island, picked out a likely looking tree for his boat, and carefully watched over its cutting and seasoning. Now there is a factory to turn out his boats...
...York Curb listed 1,227,392 preferred shares and 7,477,392 common shares of Blue Ridge Corp., investment trust sponsored by Harrison Williams and by Goldman, Sachs & Co. As the same date is more memorable as opening day for greatest market crash in history, unfortunate has been Blue Ridge's Curb career. In retrospect, indeed, the history both of Blue Ridge and of Shenandoah Corp., companion investment trust formed by the same interests, appears somewhat ironic. In August, Blue Ridge had announced a policy of exchanging its shares for shares of other corporations, had thus indirectly endorsed such...
Then the Market broke and with it broke Blue Ridge and Shenandoah. Blue Ridge common went from a high of 29⅝ to a low of 3½. Shenandoah went from 39⅜ to 6⅞. Furthermore, the first of the year was rapidly approaching-a significant period at which the Market break would be clearly reflected in investment trusts' reports of operations. Many a market student anticipated a severe January slump in investment trust securities...
Last week, however, Blue Ridge and Shenandoah sponsors gave first aid to their injured. To Blue Ridge was sold a large block of Central States Electric at a price considerably below the market. Seller, number of shares and price were not announced. But Blue Ridge assets showed a November appreciation of $12,000,000 and Central States on the day of the sale closed at 28. One method of giving Blue Ridge a $12,000,000 profit would have been to sell it 1,000,000 shares of Central States at 16 (12 points below the market...
...those who delight in pouring paradimethyl aminoazo benzene into metadiaminodiphenol sulphonic acid, and watching it turn pink, this course is ideal. If you prefer sky blue add a little trinitro-toluene instead...