Word: boarding
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Dates: during 1930-1939
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Last week, as it is likely to be for some time, major influence upon the New York stock market were the inspirational efforts of Washington. Three weeks ago, when the Federal Reserve Board reduced margin requirements, prices rose in the best weekly rally since the smash started. Then they fell back. By early last week the Dow-Jones industrial averages had set a new low of 123.9. Railroads at 31.7 and utilities at 21.3 were almost at their bottoms...
...ordered 17 foreign companies to raise wages some $7,000,000 (TIME, Aug. 16). Contending that the report was "grossly unfair," the companies refused to pay the increase, offered to settle with an increase of $3,000,000. Since then the matter has been under consideration by the Mexican Board of Arbitration and Conciliation, which has also had to consider an unusually strong warning from U. S. Ambassador to Mexico Josephus Daniels, who threatened that "anything that would disturb the status quo and good relations would be regretted...
Last week foreign oil companies, already vastly excited over the expropriation, suddenly heard a rumor that the Board of Arbitration was about to decide in favor of the $7,000,000 wage increase previously ordered. Immediately the oilmen got together, announced that they would "suspend operations" and abandon the country rather than pay it. It was at that point that President Cárdenas, who has plenty of resolute and resourceful Indian blood in his veins, called in representatives of Mexican Eagle Oil Co., affiliate of British Royal Dutch-Shell which already controls 60% of Mexican oil production. He handed...
Last week an arbitration board composed of Messrs. David L. Podell, Emil Schlesinger, J. Winogradsky, I. Edwin Goldwasser and Samuel D. Leidesdorf sat down in Manhattan's Hotel Governor Clinton, decided that all the defendants were guilty of the "obnoxious practice," fined them a total...
Died. Atlee Pomerene, 73, onetime (1911-23) U. S. Democratic Senator from Ohio, prosecutor, with Owen Josephus Roberts, of Teapot Dome oil lease cases under Calvin Coolidge, board chairman of the Reconstruction Finance Corporation under Herbert Hoover; of pneumonia; in Cleveland...