Word: boom
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Dates: during 1940-1949
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...News (which at the height of the Florida Boom led all U. S. newspapers in advertising lineage) headlined G-Man John Edgar Hoover, ineffectively sounding off against the local toleration of gamblers, gangsters, brothels; and Governor Fred Cone in Tallahassee, effectively commanding Miami politicos to close down the gaming...
...ATCO. At that time it was called Cord Corp. and its head, hardboiled, dynamic Errett Lobban Cord, was fast becoming the least regimented syndicateer in the flying game. But in 1937 Motorman Cord sold out his Cord Corp. holdings. About a quarter of them went to his broad-shouldered, boom-voiced No. 1 man, Lucius Bass Manning, already a large stockholder. The rest went to a syndicate headed by British Bankers J. Henry Schroder & Co., and to young, up-&-coming Public Utilitarian Victor Emanuel's investment house, Emanuel & Co. (in which he is now only a "limited partner...
...President Roosevelt's appointment of a "peace emissary" (see p. 15). Even if Sumner Welles were a peace emissary, peace would kill hopes of a real export boom...
Beneficiaries of the boom are 1) the foreign sections' 62,000 foreigners in general, whose pounds, francs and dollars have gained purchasing power; 2) 4,000 Americans in particular, who are taking business from the dominant but war-hobbled British. When War began the big Hong Kong and Shanghai Banking Corp., British-controlled, stopped work on a new branch office building. But last week the National City Bank of New York, its one Shanghai branch overflowing with customers, was preparing to open another in the 14-story Cathay Mansions Building. At the Shanghai Club's enormous bar (Noel...
Last week Manhattan's National City Bank predicted that 370 leading U. S. manufacturing corporations' combined net income for 1939 (after taxes and less deficits) would turn out to be around $329,000,000 or twice 1938's $159,000,000. Despite the last quarter steel boom, not everyone thought the two years were that far apart. But by week's end the first big crop of 1939 earnings statements were published, seemed to support National City's figure. Some of the increased profits...