Word: boomingly
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Dates: during 1930-1939
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...operate station WMCA in New York City, hoped to form a chain of eleven stations extending as far west as St. Louis. President of the company is John T. Adams, former associate of Donald Flamm, owner of the station. Object : to make a good thing out of the boom in radio advertising expected to follow Recovery...
...that the Government repeg prices. No such action was taken. Next morning the grain pits reopened and prices promptly dropped another level lower: dropped and bounced. They mounted rapidly and closed with substantial gains for the day. Thereafter they swung up and down, but neither sudden disaster nor abrupt boom followed. Cause of the arrested fall was guesswork. Some attributed it to talk of the formation of a $50,000,000 to $75,000,000 pool (President Peter B. Carey of the Board of Trade admitted a pool had been discussed) to buy up "distress grain" which threatened the market...
...Government's policy of retrenchment and the NRA's policy of expansion. His prime points: 1) Business and industry began to deflate expenses immediately after the 1929 crash whereas for four years the Government added 10,000 workers to its payrolls and attempted to maintain salaries at boom levels in a further attempt to break the depression. 2) This Federal policy produced a series of Treasury deficits which the country voted to end in the election of Franklin D. Roosevelt. 3) The Government is now reorganizing itself on a permanent long-range basis whereas business is being asked...
President Roosevelt showed his clear perception that Cuba's troubles, superficially political, actually spring from an economic misery rooted chiefly in the low price of sugar. To supply the Allies with sugar during the War, Cuba became virtually a one-crop country, suffered terrific hardship when the sugar boom collapsed. In 1924 Conservatives and Liberals united to elect Gerardo Machado who was hailed as a "businessman President" much as was Herbert Hoover later. President Machado has cooperated actively in the Chadbourne Plan of world sugar crop restriction, but with U. S. tariffs soaring higher and higher against Cuban sugar...
...else could be profitably run in chains. So 22 stores straddling the U. S. from Seattle to Greensboro. N. C.-largest of them Jordan Marsh of Boston-were merged in Hahn Department Stores, Inc. Lehman Brothers and Prince & Whitely floated the stock. Lew Hahn became president. Like many a boom-launched ship, it ran into rough water. The stores' pre-Depression earnings of $6,000,000 a year promptly fell to $4,000,000 in 1929, to $2,500,000 in 1930, dropped to a deficit of $300,000 for 1931, to a deficit...